Pharma Merchant Accounts
Pharma merchant accounts are very
popular for online pharmacies based all over
the world. These businesses will be able to
multiple their sales overnight once they are
able to process card payments for customers
globally. Pharmacy merchants will need to
contact a pharmacy merchant account provider
and the provider will furnish a list of
requirements for the merchant to compile
before applying for a pharmacy merchant
account. Pharmacy merchant accounts are
located worldwide in jurisdictions that
allow pharmacy credit card processing. Years
ago there were USA pharmacy merchant account
processors but not anymore.
Pharmacy merchant accounts are
available to online pharmacies of all sizes.
Smaller online pharmacies will be approved
and setup in a 3rd party or
aggregate merchant account. This means that
the small pharmacy merchants will be grouped
with other small pharmacy merchants in one
account. This allows these merchants to be
able to process volume and accept credit
cards and debit cards at a smaller scale.
Large pharmacy merchants will be eligible
for their own pharmacy merchant account.
These merchants will have their own company
name appear on their customer’s credit or
debit card statements with the merchant’s
phone number. A pharmacy merchant will need
to process at least $200,000 per month to be
considered for a direct pharmacy merchant
account. Banks do not want to bother with
setting up a separate merchant account for
pharmacy merchants smaller than that.
Offshore Merchants has been providing
pharmacy merchant accounts to businesses of
all sizes since 2007. Offshore Merchants
will assist your online pharmacy with the
setup of your merchant account. Merchants
are able to expect approval or decline of
their pharmacy merchant account within 1-2
weeks depending on the payment processor and
the size of their online pharmacy. Work with
a trusted pharmacy payment processor and
begin processing today.