Skip to content
High Risk Merchant Account Blog

High Risk Merchant Account Blog

High Risk Merchant Account News

Supplement Merchant Accounts
Posted on January 14, 2021January 14, 2021 by admin

Vitamin & Supplement Merchant Account

Supplement Merchant Accounts

Getting A Supplement Merchant Account

When you operate in a high-risk industry, such as vitamins, supplements, nutraceuticals, etc., traditional financial institutions and banks don’t want to take a gamble on you and approve a merchant account. The problem is that without a merchant account, you cannot accept and process credit and debit card payments. That is something most businesses particularly those that rely heavily on online and mobile transactions, simply can’t go without.

Are Supplement Merchant Accounts Considered a High-Risk?

The primary reason for supplements industry to be considered as high-risk is the relatively high chargeback ratio. In addition to this, there are also several other reasons. When government authorities pass a vitamin or supplement for human consumption, it must clear the entire prescribed ingredient guidelines and laboratory tests. Involvement of prohibited or regulated ingredients or exceeding the permitted limit can put the supplement product under a ban.

How to Get a High Risk Supplement Merchant Account?

The underwriting guidelines for high risk supplement merchant account are rigid, obstructive, and strict in banks and financial institutions. So, the chances of getting a high-risk merchant account for supplement business are very low, unless you have an adroitly planned business model, genuine documentation, strong financial base, and a very good credit history. Even then it is only possible if the underwriter proceeds with an optimistic approach.

The easier and recommended option for merchants in the supplement industry is to work with a high-risk merchant account provider. There are many such providers available on the market that are willing to onboard high-risk supplement merchants. It is important that you find the most suitable high-risk payment processor for your unique business model. Make sure that terms and conditions are agreed upon at the time of application submission and initial on-boarding process. This includes charges and fees for the services offered as well. Generally, the application process takes about 5-7 days, and you can negotiate with the payment processor for competitive charges and rates.

What Factors Affect the Selection of Merchant Account Provider for Supplements Business?

Following are a number of key factors that you should consider when choosing a high-risk merchant account provider for your supplements business:

– When it comes to high-risk supplement merchant account providers, the age of the company matters a lot. An experienced, well-established payment processor can offer the best in class services and efficiently manage the merchant account.

– Monthly and annual subscriptions contribute to a larger part of sales in the supplements industry. As a merchant, it is recommended that you check if the payment processor offers trial, recurring, subscription, and continuity payment options.

– Pre-Authorization helps merchants introduce fraud and chargeback instances. So, you should consider getting a merchant account with this service.

– The number of payment options offered by a merchant account provider is also a key consideration. With multiple payment options like ACH, internet banking, wire transfer, debit/credit card processing, etc., you can easily split the volumes of transactions and hence maximize your profits.

Whether you are a new startup or an established merchant in supplement industry, you must have a payment gateway and merchant account to carry on your online business and grow further. Supplements industry is considered high risk and hence avoided by banks and traditional payment processors. So, it is crucial that you look for a reliable high-risk merchant account provider that is willing to help you with your business.

Merchant Services For Supplement Websites
Contact us today to get started at 1-877 493-4622

About The Author

Mark Sands

Mark Sands, co-founder of High Risk Merchant Account LLC, an authoritative expert in the high-risk merchant account space. Mark has decades of experience in the payment industry & enjoys writing on entrepreneurial related topics.

head shop merchant account
APPLY NOW – VITAMIN MERCHANT ACCOUNT

Post navigation

Previous PostPrevious Gyms, Health Clubs, & Fitness Center Merchant Accounts
Next PostNext Paraphernalia Merchant Account & Payment Gateway

High Risk Merchant Account LLC

High Risk Merchant Account, LLC
High Risk Merchant Account, LLC
5.0
Based on 6 reviews
powered by Google
Casey Scott
Casey Scott
17:03 30 Oct 18
Mark Sands helped me out tremendously. I would recommend him 100%. Saved my business!
Richard Williams
Richard Williams
14:30 28 Oct 18
I had an excellent experience with Mark at HRMA LLC; Mark's persistence and patience meant a lot to me; and happy to say, our company has a new merchant processing account and we're underway again! : )
Jay Larke
Jay Larke
13:48 29 Sep 18
We enjoyed working with Angela at HRMA-LLC! Our staff appreciated the personalized touch and tremendous help while working with them. We would recommend anyone with high risk merchant account needs reach out to Angela and the staff at HRMA-LLC.
Chris Fernandez
Chris Fernandez
23:33 02 Apr 18
Great overall experience with HRMA-LLC. Staff was extremely knowledgable through every step of the process. I would highly recommend them to anyone requiring merchant account services for their business. Thanks for all your help Tom!
James Collins
James Collins
09:47 11 Mar 15
High Risk Merchant Account LLC provides easy merchant account approval for high risk business.
Damon George
Damon George
20:34 27 Aug 14
I have contacted with them online and I have got quick response. Overall had a great experience.
See All Reviews

Recent Posts

  • eCommerce Merchants Will Continue Winning Post Covid
  • What Is A High Ticket Merchant Account
  • Self-Storage Merchant Services
  • Jet Charter Merchant Accounts
  • Paraphernalia Merchant Account & Payment Gateway

Services

  • Chargeback Alert Service
  • eCommerce Merchant Account
  • High Risk Ach Processing
  • High Risk Merchant Account
  • High Volume Merchant Account

Industries

  • Collection Agency Merchant Account
  • Continuity Subscription Merchant Accounts
  • Credit Repair Merchant Account
  • Debt Consolidation Merchant Account
  • Document Preparation Merchant Account
  • E-Cigarette Merchant Account
  • Nutraceutical Merchant Account
  • Student Debt Relief Merchant Account
  • Student Loan Merchant Account
  • Tech Support Merchant Account
  • Telemarketing Merchant Account
  • Timeshare Merchant Account
  • Travel Club Merchant Account
  • Travel Merchant Account
  • Vacation Club Merchant Account
  • View All High Risk Merchant Industries

Contact Details

High Risk Merchant Account LLC
915 Folly Road, Suite 49,
Charleston, SC 29418
(877) 493-4622
Call Now
Start Now

WE SPECIALIZE IN:

  • High Risk Merchant Accounts
  • High Risk ACH Processing
  • High Risk Credi Card Processing
  • High Risk Merchant Services
  • High Risk Merchant Processing
  • eCommerce Merchant Accounts
BBB Logo DMCA .Sucuri Logo
  • McAfee Logo

All Rights Reserves 2021

NAVIGATION

  • Home
  • Company Blog
  • Contact Us
  • About Us
  • White Papers
  • Site Map
BBB Logo

Company Details:

High Risk Merchant Account LLC
915 Folly Road, Suite 49,
Charleston SC 29412

Phone: (877) 493-4622

  • Facebook
  • Twitter
  •  
  • Google
  • LinkedIn
  • YouTube

COMMONLY ASKED QUESTIONS:

  • What Is Merchant Account Load Balancing?
  • What Is A Chargeback Reduction Plan?
  • What Is A Merchant Personal Guarantee?
  • What Is The Terminated Merchant File?
  • What Is A Rolling Reserve Account?

1-877 493-4622

DMCA

  • .Sucuri Logo

High Risk Merchant Account LLC
High Risk Merchant Account