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Pharmacy Merchant Accounts

Pharmacy merchant accounts used to be a luxury for online pharmacies however today these merchant accounts are a requirement for pharmacy merchants that want to stay in business. There is too much fraud associated with online pharmacies today for people to trust sending pharmacy payments in other ways. Both a customer and a pharmacy merchant are safe from fraud when online pharmacies accept card payments. The customer will purchase more products since they have the safety of their credit card or debit card company to fall back on if the pharmacy merchant does not follow through.

Online pharmacies that are already operating will have an easier time being approved for a pharmacy merchant account. Most banks do not want to deal with a pharmacy merchant that is a start up. The account takes as long to setup for a new business or for an already running pharmacy with processing history. Pharmacy banks want to see the processing and possibly the financial history of the online pharmacy before approving and setting up the business. These pharmacy merchants will be able to operate their business flawlessly once their account is approved. If the merchant is smaller the bank may place the merchant in a 3rd party merchant account designed for smaller merchants.

Pharmacy merchants have a handful of solutions at their disposal when they are searching for a pharmacy merchant account however it will look like more than that since there are a number of agents selling the same pharmacy solutions. Offshore Merchants has been setting up pharmacy merchant accounts since 2007. Offshore Merchants sets up pharmacy merchants of all sizes based worldwide. These merchants will receive their payouts weekly as stated in the merchant agreement and will have access to free technical support. Apply today to see what Offshore Merchants is able to offer your business.

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.