Most nutraceutical merchant account providers look at supplement & vitamin brands as “high risk” companies.
Because of this they charge supplement and vitamin transactions with unnecessarily high rates. At ABH Pharma Inc. we work with nutraceutical brands everyday, & we know their view on supplement & vitamin industry is not true.
The reason is a few supplements/ vitamin companies racked up a huge history of chargebacks from dissatisfied buyers.
This was caused because they were using subscription billing to sell their product. This means they would sell product and subscribe customers to get charged for a new product each month.
They did it in a way buyers did not realize they were subscribing to get a new product each month. In response many would refuse to pay for the subscription and chargebacks occurred.
The credit card processors responded by categorizing supplement & vitamin companies as “high risk” and charging extremely high rates for nutraceutical transactions.
Many large merchant account providers completely refuse to process nutraceutical payments at all.
It is unnecessarily difficult to get a decent credit card processor.
Many of our manufacturing clients would ask us for referrals of nutraceutical merchant account providers. We realized that there really wasn’t much out there.
We responded by offering credit card processing strictly for the sales of nutraceutical products.
Our rates are significantly lower compared to other popular processors. This is because we do not classify supplements and vitamins as high risk companies.
While your getting your products manufactured, packaged, and warehoused, we can also get your nutraceutical merchant account set up. Setting a new industry standard for supplement & vitamin payment processors you will be impressed at the ease of setup, and low rates.
Contact Us Now To Get Started!
