If you’re looking for a nutraceutical merchant account, chances are good that you’ll need to work with a high-risk account provider to accept credit cards. That’s because merchant account providers consider the dietary supplements and nutraceutical industry high-risk. This designation is a result of the following factors:

The government regulates the Nutraceutical industry. Every claim a nutraceutical business makes must be supported by clinical trials. A Nutraceutical merchant account provider needs to ensure compliance before working with a Nutraceutical merchant.

High Chargeback Ratio: Traditional payment processors are wary of companies with a high chargeback ratio. Nutraceutical merchants often see a high number of chargebacks, which also leads to their classification as high-risk merchants. They should find nutraceutical merchant services that provide chargeback management tools.

Subscription-Based Sales: This is another factor that invokes a high-risk designation. Because this leads to card-not-present transactions, this type of recurring billing can lead to increased chargeback risks due to high cancellation rates.

Because of these factors, nutraceutical merchant account solutions providers are usually experienced in working with high-risk merchants. You’ll want to work with a payment processor who has experience in the dietary supplements industry.

Being labeled as a high-risk merchant necessitates partnering with a payment processor experienced in high-risk accounts. Avoid disruptions by choosing Crazy Merchant, a leader in high-risk merchant account solutions for the nutraceuticals industry. We’ll get you set up with high-risk merchant accounts, payment processing, and secure payment gateways.