Pharmacy Merchant Account
A pharmacy merchant account is used
by pharmacy merchants for receiving payments
from their customers. The speed of the
internet has increased over the last decade
and if your online company does not accept
credit card or debit card payments you will
fail. Online pharmacy merchants have a few
different requirements before and after
approval to make sure that they are in full
compliance with the bank. Online pharmacies
will have some options for where they will
be able to process however many online
pharmacies have found themselves out of
business because they have worked with the
wrong bank or payment processor.
When a pharmacy is looking to be
approved for a merchant account, the
pharmacy merchant will need to provide a
package of documents that is very similar
between all payment processors in the
industry. This package will include a number
of documents including; application, photo
ID passports, licenses, bank statements,
processing statements and a fully functional
website. The bank will check all documents
and also the website to make sure it is in
full compliance. If everything checks out,
the processor will approve the merchant.
Offshore
Merchants has been setting up pharmacy
merchants accounts since 2007. All pharmacy
merchants will receive features to assist
them in setting up and running their online
pharmacy. Merchants will have access to
detailed reporting for; sales, refunds,
chargebacks and settlement of funds.
Pharmacy merchants will receive weekly
payments and there will be no volume
restrictions. The merchant accounts will be
PCI compliant and the gateway will have easy
integration into all shopping carts. Online
pharmacies will be able to process all major
credit cards. Pharmacy merchants will have
the choice of running their sales through a
virtual terminal or manual over the phone
orders or with their shopping cart for
online orders.
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