SoarPay Is The #1 Choice For Nutra Merchant Services.
- Instant Online Quote. When you submit your application, you’ll get an instant price quote to DocuSign. No offline paperwork, no faxes, no waiting.
- Industry Minimum Pricing. You will automatically receive Industry Minimum Pricing in your online quote. No more frustrating haggling with sales reps.
- USA-Based Customer Support. When you call or email, you’ll always speak to our friendly support team, based in Houston, TX.
Nutraceuticals Credit Card Processing
Why We Proudly Accept Nutraceuticals Businesses (Even When Many Processors Don’t)
Many credit card processors do not accept nutraceuticals businesses, for two primary reasons: (1) The industry is regulated. Nutraceuticals businesses are regulated by the US government, and cannot make certain promises about their products without having supporting clinical trials. Reviewing a nutra merchant account application for compliance with these regulations requires extra underwriting due diligence by the credit card processor. (2) Nutraceuticals businesses are vulnerable to high chargeback ratios. While most nutra businesses maintain happy long-term customers, they are vulnerable to high rates of chargebacks, particularly when using subscription based models. This poses significant financial risks to the credit card processor. For these two reasons, many merchant services providers simply decline to work with the nutraceuticals industry altogether.
Soar Payments, by contrast, has been proud to consistently accept nutraceuticals businesses since it’s founding. Our extensive relationships with credit card processors capable to underwriting regulated industries like nutra, along with our integration of simple to use chargeback and fraud prevention technology, uniquely positions Soar Payments to be able to offer affordable and stable merchant accounts for the nutraceuticals industry.
Questions? Call Our Team: 1 (888) 225-9405
Types Of Nutraceuticals Merchant Accounts
A retail nutra merchant account allows your business to accept face-to-face credit and debit card payments via a credit card machine or point of sale system.
Ideal for businesses with a wired internet connection and a traditional storefront, these sales typically have the lowest fraud and chargeback risk and are therefore afforded the lowest pricing.
A mobile merchant account enables your company to accept in-person payments via a credit card swiping attachment that plugs in to your mobile or iPad.
Ideal for nutra businesses that operate outside of a traditional storefront, such as at conventions, conferences or farmers markets, these accounts also have lower rates of fraud and chargebacks and are therefore priced similarly to retail accounts.
A virtual terminal account enables your company to accept payment over the phone, via mail, or via your laptop (without separate equipment).
Ideal for businesses that accept a significant percentage of sales over the phone, these payments are vulnerable to increased fraud and chargebacks. Consequently, we offer merchants using a virtual terminal integrated chargeback fraud prevention tools.
An eCommerce nutra merchant account enables your business to sell products online via your website.
Our eCommerce merchant accounts integrate with most major payment gateways and website shopping carts, making setup simple. Online nutra merchant accounts are vulnerable to chargebacks and fraud, therefore we offer integrated tools to mitigate these risks.
Frequently Asked Questions
- What types of nutraceuticals businesses do you accept?
We offer merchant accounts for a wide array of sub-industries related to nutraceuticals, these include: dietary supplements, food additives, vitamins, minerals, herbs or other botanicals, herbal products, extracts, concentrates, cosmeceuticals, beauty and cosmetic products, and other products supporting the structure or function of the body.
- Can I charge my customers’ credit card on subscription / recurring billing?
Many nutraceuticals businesses prefer to sell their products via a subscription with recurring credit card billing. Typically, we do not support businesses who bill with subscription after a free trial, however, we are typically able to accept nutra businesses who offer their products on a recurring monthly billing. Note, that all merchant accounts are individually underwritten and approved, therefore your merchant account approval may have unique terms.
- What chargeback and fraud protection technology do you offer to protect my business?
All Soar Payments merchants are offered a full spectrum of fraud and chargeback tools, however, because nutraceuticals businesses face a unique blend of fraud and chargeback risks, we offer industry specific solutions.
Specifically, eCommerce nutraceuticals businesses in particular need a system in place to minimize the incidence of, and maximize their ability to win chargeback disputes. To assist in that, we offer three specific tools: (1) A specialized payment gateway that uses multiple factors to identify the actual individual making the purchase and better ensure that they are the credit card owner, (2) A chargeback alerts system which notifies you in the event that a customer has asked to initiate a chargeback with their credit card, providing you with a 48 hour window to decide whether to refund the customer and avoid the dispute altogether, and (3) a fully integrated chargeback fighting suite, which enables your nutra business to outsource fighting illegitimate chargebacks.
How Does The Application Process Work?
Step 1. Apply Online
Complete the online application process (it takes 5 minutes). Click here to begin.
Step 2. Get An Instant Quote
You’ll instantly receive a quote with Industry Minimum Pricing to DocuSign.
Step 3. Start Accepting Payments
Our Houston based Customer Support Team will help you get set up, fast and easily.
Click Here to Apply Online Now. It takes about five minutes, and you’ll receive an instant price quote to DocuSign.