In this case,. Without a merchant account, you will not be able to accept payment via credit card or debit card. All Nutraceutical Merchants welcome. Though the merchants themselves are at risk, so is the merchant processing center that. This surge has nurtured a thriving industry, where businesses must adopt robust merchant account processing systems to seamlessly accept credit cards and offer customers convenient payment choices. Built-in virtual terminal. A merchant account is a specific type of bank account that allows merchants to accept payments. 6% plus 10 cents, while the fee for a high-risk account might be 2. Nutraceutical Merchant accounts permit you to acknowledge diverse payment alternatives guaranteeing that your organization gets more deals. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Easy Pay Direct Gateway. Nutraceutical vs. (Read card review) Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card. Though bad credit takes much. services. A merchant account is a specific type of bank account that allows merchants to accept payments. Accept payments any way customers want to pay you. Accepts online transactions of all types: Debit Card, Credit Card, and ACH. The Best Merchant Account Services. Retail Payments. Live Chat, Phone & E-mail Support. Stax: Best for avoiding transaction fees. Banking-level security. Boost sales from US shoppers up to 20% with ACH & echecks. S. 3% cash back on the category of your choice (from available list) 2% cash back on. Secure your e-commerce merchant account with Qleen Pay and gain access to a reliable payment processing solution tailored for your online business. Under the new rule, merchants are no longer required to register with Visa. No caps on your processing volume. The credit card issuer will release the funds to the merchant acquiring bank, which will settle the funds to the merchant’s bank account. 250-472-5166. , Mastercard, American Express, PayPal, Visa, Stripe, Shopify, and Stripe are no longer accepting any transactions from CBD retailers. The nutraceutical industry is risky for most banks. Contact us today at 1-877-296-3690 to. Transaction not Permitted to Cardholder is a response code returned by a payment processor or issuer when a transaction is attempted with a credit or debit card flagged as restricted or blocked. A merchant account is a specific type of bank account that allows merchants to accept payments. To get a merchant account, one must submit an application with a merchant account provider. TouchSuite®’s high-risk payment programs make the process of accepting credit card payments simple. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Chargebacks occur whenever a customer returns an item or they pay with a bad check or over-extended credit card. Because nutraceutical vendors are considered high risk merchants, accepting card payments can be a challenge; but not being able to accept these payment methods will almost certainly stifle the growth potential of the business and could potentially make the entire venture unviable altogether. Banks that fund nutraceutical merchant accounts that market illicit ingredients or goods can be found responsible once more. When you use our services, you don’t need to worry about the risks of accepting credit cards for what will be considered high-risk payments. Patent Pending “Transaction Routing” Technology, More than 250 Shopping Carts Integrated, “Quick Click” checkout pages, Fraud Scrubbing technology, Kount fraud scoring, Tokenization, Quickbooks integration, Mobile Payments, Email Invoicing, recurring billing and so much more. 2. Unlike PayPal or Stripe – We underwrite merchant accounts. Mobile: A mobile merchant account is more portable and allows your company to accept nutraceutical payment through credit card face to face by attaching the swiping machine to your mobile or iPad. Today, you have more options than just merchant accounts. Weight Loss Programs. Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. The specific features you need from a gun-friendly payment processor depending on where you sell firearms. Organizations that deal with a large number of transactions monthly are advised to avail. Getting in touch with a high-risk merchant account provider is the best move for a business looking to set up a nutraceutical merchant processing account for their merchant services. Traditionally, that process slows things down… until now. High volume Nutra merchant accounts are our specialty. But the less-known fact is the banks do not allow credit card transactions for CBD purchases. Organizations that deal with a large number of transactions monthly are advised to avail of a merchant. Corporate “one stop” online management for multiple business units reported via the same screen login; Advanced, customizable, and FREE online reporting and data collection; CONTACT AmCard Payments HERE to begin credit card processing with the most competitive and feature-rich Merchant Account available to Nutraceutical product. audience that continues to be extremely health conscious is the baby boomers. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Many retail and online merchants use a gateway and its integrated virtual terminal. As a global leader in providing references for nutraceutical businesses to obtain merchant account services, MerchantNegotiators. Merchant Services providers & benefits of high risk merchant account for Nutra product sales. This setup provides secure merchant processing while preserving features like their Advanced Fraud Detection Suite (AFDS) and their Customer Information Manager (CIM). As the demand for nutraceutical products continues to rise, the importance of high-risk merchant accounts cannot be overstated. Your information will be kept completely confidential. However, retailer accounts for accepting credit cards are also a concern for nutraceutical companies. The first change involves the registration process for merchants intending to surcharge. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. Accept Credit Cards. PCI Compliance. Merchant accounts accept credit cards, debit cards, and other common types of online payment options, and having the right one can make the transaction process reliable and smooth for your customers. Online Credit Card Processing. Regardless of whether you receive card payments in person or online, the transaction process typically involves these basic steps: The customer swipes, inserts or taps their credit card or mobile. Without a merchant account, you will not be able to accept payment via credit card or debit card. For this reason, Visa, MasterCard, and other major card brands set a limit on the number of chargebacks a business can incur. If you are looking forward to spreading your business worldwide, it is important to have…MERCHANT ACCOUNT AGGREGATORS (like PayPal and Stripe) allow you to accept credit cards in near real time – which is great… until they hold your funds or close your account (for whatever reason). Bread, cereals, and other grain-based foods. We've Helped Over 20,000 business Accept Credit Card Payments. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. How to Accept Credit Card Payments For Supplement Products & High-Risk Merchant Accounts In the supplement industry, accepting credit card payments is a must. Stax: Best for Subscription Pricing. Membership & Recurring Billing. Customers provide their credit card info, and then the payment gateway passes the information between the selling business, the customer’s bank, and the seller’s bank, either approving or declining transactions along. A high risk merchant account can provide you with the capability to create revenue utilizing your website or preferred eCommerce option. Therefore, traditional payment processors classify these businesses as high risk based on criteria such as transaction size, industry, sales model. Easy Pay Direct helps online businesses, eCommerce websites, large enterprise merchants, and small businesses accept credit and debit card payments. under $500 will incur C. As a global leader in providing references for nutraceutical businesses to obtain merchant account services, MerchantNegotiators. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. For internet pharmacies and online vitamin stores. If you are finally looking forward to spreading your busin…Online Payments | National Merchants. However, there are various high-risk merchant. Merchant accounts and payment gateways that allow CBD and Hemp Oil to be sold through their networks. Chargeback Prevention. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. Here’s a closer look at the nutraceutical industry, as well as the high-risk merchant A business that accepts credit cards for goods or services. Suppose you’re considering a new. Below are some excerpts from our blog. Just because nutraceutical businesses are considered high risk doesn’t mean they should be subjected to high merchant account fees. Businesses need nutraceutical merchant accounts to accept payments from buyers. Without a mer. Look for a mobile card reader that’s able to accept payments from a mobile device or digital wallet, as those payment methods are also increasing in popularity. This has left numerous organizer or. 250-721-6174. By clicking “Accept All”, you consent to the use of ALL the cookies. Nutraceutical Merchant Account. 15% with an added $. Secured Payments All transactions are secured and encrypted for safety and security. According to reports, the global nutraceutical market is worth $233. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Six common ways for accepting credit cards online include: Third-Party Apps & Extensions. If you’re a merchant who is constantly on the go or lacks a brick and mortar location, a mobile card reader allows you to accept credit cards anywhere. They will help set you up with a POS system after opening your merchant account. If you are looking forward to. ProMerchant: Best for High-Risk Businesses. Our Seamless Merchant solution for high-risk businesses provides credit card, check, and ACH payment processing with chargeback reduction tools to maximize your company’s profits. These payments include but are not limited to, credit card or debit card transactions, ACH payments, and e-checks. S. Making it easier for customers to call you than contact their credit card company will help you lower your chargeback ratio. In most cases, the money then transfers to the business's account in. Durango Merchant Services: Best for highest-risk businesses. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. Processing online credit card payments is the biggest hurdle to success. If you are looking for an ethical credit card processor that doesn’t hide fees or lock you into expensive contracts, see Phillip’s merchant account picks here. A merchant account is a type of bank account that allows businesses to accept credit card payments and debit cards. all the signers to the account. Merchants that are operating high-risk businesses online will also need to use the services of a payment gateway to accept bank card information from customers. What is an Offshore Merchant Account. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Instant Approval Merchant Account In Easy Steps For Nutraceutical Products. A merchant account is a specific type of bank account that allows merchants to accept payments. Comprehensive Merchant Account Solutions for Nutraceutical Businesses. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. With the great security and leading customer satisfaction, our company is your answer. Because high-risk merchants have higher chargeback ratios and regulatory exposure, financial institutions are concerned they may violate card brand rules, laws and regulations. Accept all major cards and payment methods. Finding a willing acquiring bank is slightly more challeging then getting a. Other fees can significantly affect the total costs of the merchant account. Create Multiple Virtual Terminal Users. . You may also opt to use a mobile card reader in order to start accepting credit card payments through a. The vaping industry has been propelled into a billion-dollar industry because of demand. If your business is considered to be in a high risk category, working with a specialized payment services company is recommended. Fraud Prevention Services. Securing a bad credit merchant account will allow your business to get off the ground. Despite your businesses’ unique needs, most banks and merchant processors categorize and charge nutraceuticals companies the same way they would standard retailers or e-commerce stores, trapping you into the wrong pricing. When can I start accepting payments? Typically, our merchants are able to begin accepting credit cards within 3 business days. Navigating these complexities requires a strategic approach, a commitment to quality, and partnerships with specialized high-risk payment processors. Consumers are embracing holistic and natural forms of healthcare, which has led to explosive growth in vitamins, supplements and other. Soar Payments: Best for. First, the industry is regulated. 5 billion by 2027. Credit Repair. They also struggle to secure the financing they need to grow their business and cover costs. There are slightly higher credit card processing fees and a reserve fund is commonly, although not always, required for nutraceutical merchant. We have a step by step proces to secure CBD Merchant Accounts. Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. This allows the acquirer to offer payment services to their clients. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. Businesses that have a more than 3% chargeback ratio can have their merchant accounts terminated by credit card processors. In The Media Nutraceutical Merchant Account. COVID-19 changed cash for good. Credit card processing for the nutraceutical industry. Without a merchant account, you will not be able to accept payment via credit card or debit card. REVIEWS; CREDIT CARD PROCESSING. Merchant Accounts For Nutraceutical Products 1. Start accepting credit cards with our low rate moto merchant. During the application process, you’ll provide business details and financial. However, without the right merchant processing solution, your customers can become frustrated, and you can lose money through lost businesses. PaymentCloud is the #1 provider for Nutra and supplement credit card processing because we can connect directly to the software and solutions that your business already uses. Merchant accounts accept credit cards, debit cards, and other common types of online payment options, and having the right one can make the transaction process reliable and smooth for your customers. The nutraceutical industry, being classified as a high-risk business type, does not receive much support from traditional banks. Both categories are ordinarily associated with free trials, chargebacks, false claims and customer complaints. Shark Processing is another reputable high-risk credit card processor that may be a great fit for your nutraceutical business. A nutraceutical merchant account furnishes business owners with the capability of accepting credit cards and debit cards for payment processing in the nutraceutical industry. Vendors who primarily sell online nutraceuticals need to accept credit cards for their products . 300-649 Poor. After decades of processed foods and unhealthy habits, nutraceuticals and the plant-based food revolution is gaining traction, though many are wary of medicinal uses of some of these products for a variety of reasons. Why So Many Sellers Use Stripe. 5. A merchant account is one part of an overall solution that makes it safer, easier and faster to get paid. The Advantages of a High Risk Merchant Account for Nutraceutical Products For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. SeamlessChex can set your business up with a nutraceutical merchant account you can trust. Nutra has nothing to do with pharmaceuticals. fees but may be paid with a Customer check; if equal to or greater than $500, a credit card or a cashier’s check is required). QuadraPay And Nutraceutical Credit Card Processing Operating a business in the nutraceutical industry comes with unique. It can be hard to acquire merchant services for nutra product sales. Need to Open a Nutraceutical Merchant Account? Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant. Nutraceutical Merchant Accounts; Online Gaming Merchant Accounts; Online Pharmacy Merchant Accounts; Recurring Billing Merchant Accounts; Tech Support Merchant Accounts;. No Comments. Recurring Payment Support. Credit Card Processing for Nutraceuticals and Herbal Companies. Without a merchant account, you will not be able to accept payment via credit card or debit card. 9% + 30¢ online. The Best Merchant Account Service Providers of 2023. com TouchSuite ®. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. If you run a nutraceutical business and want to start accepting credit card payments, you can do so with the help of eMerchant Authority. The application process was a pain and it took. No early termination fees or long-term contracts. You simply need to key in the customer’s credit card information on the application that’s provided by your payment processor. How to Accept Credit Card Payments For Supplement Products & High-Risk Merchant Accounts In the supplement industry, accepting credit card payments is a must. With our high risk services, businesses can accept. In certain situations, we can expedite the setup process in 1 business day. More simply, any ISO or credit card processor knowingly allowing a marijuana dispensary to accept credit cards is allowing their bank end bank to believe that it is a different type of business. The demand. Regarding in-person payments, 31% of consumers choose credit cards, and 34% select debit cards. Loans. Paying a slightly higher rate to accept credit cards will bring in more money than being a cash-only business. Accept credit card payments and monitor your processing with your nutraceutical merchant account. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that nutraceutical industry, or “nutra” industry as a whole brings in a yearly revenue totaling $181. This typically involves using payment gateways and merchant services to authorize and process the payments and ensure compliance with. S. “Start Accepting Credit Cards Today” Get Approved Now ️. Fees also vary by card type. Providing credit repair merchant accounts to accept credit cards at your. With technological advances, the payment services industry has evolved, with payment processors offering merchants new platforms to accept payments. m. Online payment processing is not limited to debit and credit cards anymore. 3% for a debit card. To get a merchant account, one must submit an application with a merchant account provider. Many payment processors allow you to set up a dedicated merchant account, meaning the account is specifically. It was founded in 2009 by brothers Patrick and John Collison, who. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. Rates & Terms for Offshore Merchant Accounts. To get a merchant account, one must submit an application with a merchant account provider. If you would like to read the whole blog visit us atmerchant account is a specific type of bank account that allows merchants to accept payments. He also owns multiple businesses that accept credit card payments. Membership & Recurring Billing. Call us Toll Free (866) 509-7199. This includes information on individual transactions and batch totals with comprehensive reporting tools. Get the processing power you need to manage & grow your business. Stripe is used by more than 200,000 businesses around the world to accept payments on the web and mobile. To get a merchant account, one must submit an application with a merchant account provider. Our merchant card accounts allow you to accept all major credit cards, including Visa, MasterCard, Discover and. High Risk Payment Gateway. Traditionally, that process slows things down… until now. 5. Without a merchant account, you will not be able to accept payment via credit card or debit card. We find the best payment processing solutions for your company! Learn more. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. Stripe is a payment processing platform that allows you to accept credit cards, debit cards, and other forms of electronic payment. When it comes to opening a business bank account, you are going to need: a business license. A credit card machine allows small businesses to accept both credit. With our nutraceutical payment processing, we make it easy to accept payments. Credit Repair. There are a lot of steps to setting up a business. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Having no credit history can create just as many difficulties when applying for a merchant account as having bad credit. 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. Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. But if you want to get technical, they recently reported that, while Square still doesn’t accept EBT card payments, the answer is yes for store owners who have Square hardware with the TotilPay app or are partnered with a merchant account services provider that accepts EBT card payments. Merchant services is the term used for all services relating to payment processing. Without a merchant account, you will not be able to accept payment via credit card or debit card. This is why, although nutraceuticals and dietary supplements have become a hot industry, they are a closely watched one. An appropriate label of contents is a must. Free setup and zero upfront fees. Decide where to receive your credit card payments. The continuity industry is classified as high risk because products sold are billed through a recurring business model. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Automated clearing house (ACH) is a network that moves money electronically between bank accounts in the United States. The second part is the eCommerce payment gateway, which connects to banking networks, through which transactions are submitted for approval. One-time & Recurring. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Our tailored approach ensures a seamless integration into your existing systems, allowing you to focus on what matters most: growing your business. We do this so they don’t lose the ability to accept credit cards. It should be the aim of every high risk business to have a merchant account. High Risk Nutraceutical Integrations. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. Methods to Process Credit Card Payments Over the Phone. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. Today, most merchants with CBD stores can use their credit card machines for various transactions, including card-not-present. Online Credit Card Processing. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Unfortunately, this leaves nutraceutical business owners with a difficult time getting a merchant account to accept payments for supplements. From vitamins and minerals to probiotics and sports supplements,. Company’s Legal Name or DBA Name & Address on the Website. We’ve put together a series of automated underwriting checks that will approve certain industry types in real time. When choosing a high-risk payment processor, be sure to ask as many. With its high approval rates, secure payment processing, and nutraceutical-specific features and services, PaymentCloud offers everything that nutraceutical business owners need to accept credit card payments from their customers. High risk credit card processor : With flexible multi-currency accounts, Durango Merchant Services works with both US and international merchants. Payment processors like PayPal just can’t handle the needs of a high-risk merchant. In The MediaHigh-risk Merchant Account Services. Streamline your business by utilizing our experience and latest tools. There are two main reasons for this. . Some storefront and MOTO businesses use payment. An eCommerce Merchant Account is a special type of account that allows your online business to accept debit cards, and credit cards, for eCommerce Payment Processing on your e-commerce website. Without a mer. According to Euromonitor International, a global market intelligence publisher that provides market research reports, statistics and online information systems on industries, countries, and consumers, the US vitamin and dietary supplement market is. Issue fast payouts to. Accept Credit Cards With Less Limitations. . Without a merchant account, you will not be able to accept payment via credit card or debit card. Comprehensive Merchant Account Solutions for Nutraceutical Businesses. If you use a nutraceutical merchant account, you can sell supplements, vitamins, and herbal products without the fear of. At eMerchant Authority, we don’t decline dietary supplement merchant account applications simply. Know the exact terms associated with your credit card processing solution. We’ll also cover how processing costs differ from regular PIN debit or credit card transactions. Add more than 80 alternative payment methods favored by international buyers & watch your sales grow. ACH transfer. TailoredPay also works with both small and large businesses across multiple industries and sectors. Here’s a closer look at the nutraceutical industry and the high-risk merchant services available. they are few banks that are willing to underwrite and accept credit card transaction in this industry. To help nutraceutical entrepreneurs, DigiPay Solutions has created a “nutraceutical primer” with important information about setting up a merchant account, controlling. Our payment gateway services give you access to information regarding your merchant account solutions. The whole process can be completed in as little as 48 hours between application to processing payments. With technological advances, the payment services industry has evolved, with payment processors offering merchants new platforms to accept payments. Adult industry merchant accounts help businesses to accept credit card or check payments online or in person. 5. A competitive payment processing fee for a standard retail small-business account might be 2. Unfortunately, this means that online supplement businesses cannot obtain accounts on these platforms to accept credit cards. In The MediaA merchant account is a business account through a bank or merchant service provider that allows the business to accept payments from customers by credit and debit cards. Our dedicated team will guide you through the account setup process, ensuring a seamless onboarding experience. He also owns multiple businesses that accept credit card payments. If you are finally looking forward to. Effective management of chargebacks protects your payment. Bankcard Brokers · May 17, 2016 · · May 17, 2016 ·Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers;. 6 billion by 2017. That said, this will severely limit your ability to accept online. Fantasy Sports. To establish credit, a completed credit application is required. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. The transaction process that occurs when a sale is made between a customer and a merchant involves a number of actions and steps taken by the previously mentioned players. In order to accept credit card payments, businesses must first obtain a merchant account through a bank or third-party processor. As the technology is helping us more and more day by day this account is best for nutra business due to its portability as now you can not only use. Over the years, Shark Processing has partnered with leading credit card issuers, such. Multi-currency settlement. e. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. With over 25 banks to choose from, Seamless Merchant can get you set up with a merchant account you can scale. Direct-marketing response merchants typically struggle to find stable and long term solutions to accept and process credit cards via a VT (virtual Terminal). Accept cards on your site in two powerful ways: Buyers can pay directly with a credit card by entering card details; Buyers can use a WAAVE account to facilitate repeat purchases and get rewards 2. To get a merchant account, one must submit an application with a merchant account provider. This includes hardware and software, the virtual terminal for point of sale transactions, the payment gateway, and all other aspects of credit card and ACH processing. There are two main reasons for this. Since high risk businesses do not qualify for. For example, if you process $20,000 or more a month, or if you have an average transaction amount of $500 or more, you risk more opportunities for higher chargeback ratios. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Offers & Programs. We can provide your business the ability to accept credit cards with one of our merchant account providers. Partnering with PayPal. You won’t have to worry about handling cash or trying to deposit it into your business bank account. The good news is that setting up an account with a processor or acquiring a bank to receive these payments isn’t difficult—the process typically takes a few days. Clover: Best for POS. The most common merchant services companies are Square, Stripe, and Braintree. 6 billion by 2017. We can provide your business the ability to accept credit cards with one of our merchant account providers. Nutraceutical Merchant Accounts; Online Gaming Merchant Accounts;. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. 9% + 30¢ online. PaymentCloud is the #1 provider for Nutra and supplement credit card processing because we can connect directly to the software and solutions that your business already uses. In fact, the business is expected to reach a remarkable $671 billion in global revenue by 2024. THE BENEFITS OF HAVING AN ONLINE MERCHANT ACCOUNT. Finding a willing acquiring bank is slightly more challeging then getting a traditional merchant account. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. Nutraceutical. We utilize a variety of processing techniques to ensure that payment processing, fraud prevention and chargeback disputes are all easy processes for our high-risk accounts. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. A merchant account is a must-have in order to accept credit card transactions. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. U. (Included Description) Company Name Must Be Identified When a Customer Calls & when Sent to Voice Mail.