According to a recent survey conducted by Ipsos Public Affairs, on behalf of the Council for Responsible Nutrition (CRN), about 71% of U.S adults have reported taking dietary supplements.
Every person has the inner desire to feel better and healthier. This natural human desire to feel smart and strong creates the foundation for an entire market now known as ‘supplements’. There are hundreds of thousands of e-commerce merchants who work in the nutritional supplements industry. With the power of the internet, connecting more customers with nutrition supplement products has never been easier. However, there is one problem; banks consider supplement businesses to be high risk. This makes it difficult for supplement based businesses to find a merchant account. Without a merchant account, you won’t be able to accept credit and debit card payments, which is the heart and soul of any online business.
Fortunately, at E-Commerce 4IM we understand and specialize in high risk merchant accounts. We can provide the necessary support and services that you require.
Selling Supplements With a Shopping Cart
Merchants using a shopping cart platform for their supplement business may not be aware that their products are considered high risk by most payment processing systems. Many shopping carts have made it clear on their website that if your products fall under ‘Prohibited Business Products’, which includes pseudo pharmaceuticals, you cannot use their in-house payment gateway for selling your products.
It is possible that during the payment processing procedure, both the merchant and the processor can be unaware of the high risk status of the supplements being sold. As a result, you might successfully launch your e-commerce website with a shopping cart from a standardized provider, and your business may even start to flourish. Then one day it will come to the processing provider’s attention that your products fall under the high risk category. What happens next is, at best, that the shopping cart will disable your payment processing service and will ask you to look for an alternative. At worst, you may have your account shut down. Either way, your business will be severely disrupted.
To avoid a situation like this, it is better to contact a high risk merchant assistance provider from the start. As high risk industry experts, we are uniquely qualified to help supplement merchants with their needs. Call us today at 1-800-570-1347.
Selling Supplements on ClickFunnels
ClickFunnels is a great software for creating simple yet professional sales funnels. With an easy to use interface for creating landing pages, ClickFunnels has been one of the top choices for many merchants selling goods and services online.
Integrating a payment gateway and merchant account is necessary for any e-commerce website to enable customers to buy products. If you are using Stripe or PayPal with your ClickFunnels supplement business, then you are taking the huge risk of them placing your funds on hold. There’s no doubt that Stripe and PayPal are two great options for credit card processing. However, when it comes to certain high risk products they will not provide you with any services. They may even shut down your merchant account if they find that you’re using their services for high risk products. For this reason, businesses dealing with supplements and nutraceuticals will require assistance when applying for a merchant account.
At E-Commerce4IM we specialize in helping supplement businesses using ClickFunnels acquire a merchant account. In addition, we also offer your company a dedicated US-based agent who has a great deal of industry experience to help you handle your account.
What Your Online Supplements Business Needs:
To find the right merchant services provider for your business, there are a couple of key considerations you should keep in mind:
- Reliability – The worst thing that can happen to your business is if you suddenly can’t accept credit card payments from your customers. Stability and reliability should at the top of the list when considering merchant services.
- Trust – It is imperative that your business and your merchant service provider follow all rules and regulations. This fosters trust with your customers. Secondly, it helps in avoiding any potential legal problems. This is especially true considering the increased concerns of credit card companies and the regulators.
Supplement merchants often struggle to find the perfect payment processor for their business needs. If that is the case for you, consider applying for a high risk merchant account with E-Commerce4IM. As industry experts in high risk businesses, we offer a variety of tools for straight sales, recurring billing, trial offers, and high-volume sales. These tools are specifically designed to help your supplement high risk business type.
Be proactive and make a decision that is right for your business. Call us today to find out more about our high risk merchant accounts that work directly with ClickFunnels. 800-570-1347