Nutraceutical Merchant Accounts Propel Your Business Forward
Opening your own business takes a tremendous amount of focus and planning in order to achieve success. This is especially true for nutraceutical companies, which must also navigate balancing customer needs with operating in full compliance with industry laws and regulations. In order to do this, nutraceutical merchants rely on credit card payments from customers to be able to make money and support growth. This also applies to websites, as nutraceutical companies need a partner for online credit card processing that will ensure they are paid quickly and customers are able to get what they need without delay. Nutraceutical merchant accounts from Leap Payments are available for companies in the following industries:
… and many others
Leap Payments Helps Overcome the Obstacles
By its nature, operating a nutraceutical company presents many challenges for business owners. In addition to labeling and advertising regulations put on various products and supplements, there are also rules for providers of merchant accounts to consider before working with these companies. Some items may have an unclear legal status, which can potentially open up the company and its credit card processor to higher rates of chargebacks than is desired. As a result, these challenges can make it difficult for companies to find a processor that is willing to offer nutraceutical merchant accounts.
Nutraceutical companies are often labeled as “high risk” by banks and lenders for a variety of reasons. These financial institutions may not understand how the industry works and therefore may not want to take the chance with their money. Additionally, there is a higher risk of chargeback filings due to how products are bought and paid for. For example, a customer may initiate a chargeback when their credit card is charged after a free trial expires.
If you are having trouble finding online credit card processing and or have been told your business is too high risk, Leap Payments is here to help. We understand the nature of nutraceutical businesses and will work with you to develop a customized solution that meets your unique needs.
Reasons to Choose Leap Payments
Nutraceutical merchants need a card processing partner that works in their best interest. Leap Payments makes it easy to set up a merchant account so that you can get back to focusing on what is most important – your business. Our pricing plans are designed to give you the flexibility you need to run your company while ensuring that you pay the lowest possible rates and get funding when you need it.
Online processing is easy to integrate into your existing system and works with a number of website shopping carts so your customers can continue to place orders conveniently. All of this is completed safely and securely, adding a layer of protection to your transactions that will lower the risk of fraudulent transactions that can wind up costing you more. Contact Leap Payments today for more information.