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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.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.