Nutraceutical merchant accounts are the ideal solution for online nutrient, dietary supplement, and herbal product manufacturers and retailers looking to grow their business and put the pains of finding high volume processing capacity behind them.

While traditional banks view companies in this sector as high risk, with a nutraceutical merchant account it is possible to accept payments from US and international customers, seamlessly process transactions, and diversify accounts to mitigate risk.

In an age when more than three quarters of the American population are reported to have used some kind of dietary supplement or another, there is more and more consumer demand for products that make consumers look and feel better in their daily lives. Yet with this growing opportunity comes increased competition for manufactures and retailers.

The difficulty of obtaining high volume nutra merchant accounts

Over time, there have been instances of nutraceutical businesses making false claims about the benefits their products can bring.  Unfortunately, this effects the industry as a whole.

While most companies in the nutra sector are perfectly legitimate and reputable, publicity associated with those who are not  effect affects the industry as a whole.

Additionally,  from a processing point of view, traditional banks consider the nutraceutical industry  as a whole as a risky one due to above average chargeback rates from consumers, the prevalence of recurring and ongoing billing models, and the relative lack of regulation of the industry.

The result is that many traditional banks are unwilling to open accounts for nutraceutical companies – and even when they do, they are limited.

Nutraceutical merchant accounts

Paynetsecure’s nutraceutical merchant accounts assess each business on its individual merits. Our underwriters review each business’ individual file to ascertain the risk levels on that specific business as opposed to generalizing the industry as a whole.

This is achieved by evaluating the products an individual business sells and carrying out checks on the ingredients to ensure that they are legal in the markets being sold into. The packaging and marketing of the products online is also assessed in order to ensure that no false or embellished claims are being made which, on investigation from federal agencies, could lead to the closure of the company. Payment processing history is also assessed, and chargeback rates evaluated.

Having done so, our accounts provide a number of flexible options for receiving and processing payments from your customers. The main difference with Paynetsecure’s nutraceutical merchant accounts is that we assess each application on its individual merits and considerations.

Benefit your business

In addition to competitive rates, fast and personalized approval processes, dedicated account management, and high level security that you would expect from a leading provider, there are a number of other benefits of opening a nutraceutical merchant account with Paynetsecure.

For nutraceutical companies with customers in different countries, the most obvious of these benefits is the ability to process payments via in-country banks around the world. In addition to providing much higher card approval rates than relying on international transactions, this approach also ensures that chargebacks can be minimized through various prevention and mitigation techniques.

Your processing capability will also be supercharged, with the ability to accept unlimited volumes of recurring billing contracts from your customers. This is an ideal solution for recurring billing plans for which customers pay on a monthly basis, and it provides a regular and reliable source of revenue for nutraceutical companies.

Our accounts also provide your business with the processing volume it needs – you can either choose to have a single, high-volume merchant account, or diversify your processing risk by using a portfolio of several merchant accounts.

Find out more about nutra payment processing

You can find out more and apply online for our nutraceutical merchant accounts here.   Feel free to email info@paynetsecure.net  Or call 888-5-PAYNET today. 

International accounts for online casinos, sportsbooks and skill games

Online gambling merchant accounts are a great way for online casinos, sportsbooks and games of skill to maximize revenue and guarantee customer satisfaction. This article shows you how!

While online gambling is only legal in a few US states, the global online gambling market is estimated to reach over 127 billion by 2027. With the market continuing to grow and grow, competition for players is becoming more and more intense.

Make It Easy for Your Players to Pay You!

Quick and seamless payment processing is an essential ingredient for all online gambling companies. Not only is it central to maximizing revenue by making it as easy as possible for your customers to pay you for your services, but it also boosts your customer experience and retention rates.

Being able to easily accept payments from your customers and make pay-outs to winners is the bread and butter of your user experience. Because of this, choosing the right payment method is vital for online gambling merchants.

It’s in the cards

Being able to quickly and easily process credit and debit card payments from players is vital for online gambling companies. To achieve the optimal user experience and make it as easy as possible for players to make payments to your site, it is important to accept all the major credit cards. Additions such as Union Pay also give a greater choice to gamers.

International accounts for online casinos, sportsbooks and games of skill represent an ideal solution for all kinds of online gaming merchants. This includes online poker and casinos, multiplayer video games, fantasy sports and racetracks, skilled games and wagering sites.

Dealing with chargebacks

Handling chargebacks on credit card transactions is also an ongoing issue for online gambling merchants. Banks and credit card companies’ tendency is to side with card holders as opposed to merchants. This is because those institutions earn large profits from card purchases, and therefore wish to retain card-using customers as much as possible.

Because of this, it is much easier for an online gaming company’s customer to request a chargeback on a credit card transaction than a debit card. For online gambling companies, the mantra is therefore the more payments that can be processed by debit card the better.

Put simply, debit card payments are directly deducted from players’ bank accounts. Issuing banks are less inclined to side with the consumer on debit card chargebacks because this mode of payment is less financially attractive to them than credit cards.

The period for chargebacks is also much more limited on debit card payments than on credit card payments. While customers have up to 180 days to dispute charges made on credit cards, debit card holders have a maximum of 60 days to make a claim – and even then the bank’s liability for the chargeback decreases during that period. Further to this, the consumer is required to produce much more documentation for a debit card chargeback, and is expected to prove that the service was not delivered or the transaction was not authorized.

In short, banks risk a much greater financial loss when declining a chargeback to a credit card than a debit card. Because of this, debit card payments are much more attractive for online gambling merchants.

Choices, choices, choices

Despite these concerns for online gambling merchants with credit card payments, the fact remains that the more payment options you give to your customers, the more revenue you can make.

The added security that an online gambling merchant account offers enables you to accept all types of debit and credit card payments. Online gambling merchant accounts can also include alternative payment methods.  The more ways players can pay you, the more money you make.

Find out more

You can find out more and apply online for our online gaming merchant accounts here.  Feel free to email info@paynetsecure.net  Or call 888-5-PAYNET today.