FFL (Federal Firearms License) The Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) issues the FFL (Federal. Our very lucrative affiliate program is unlike any others. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. A payment gateway is a bridge between the merchant, the customer, and the issuing bank that helps process transactions. Contact us to learn more about our services or start the application process today. Create a proper label of contents. com today. The Best Merchant Account Services. The Visa Secure is designed to look after the security of both customers and online merchants. You need a dependable high risk merchant account provider for your nutraceutical merchant account. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Nutraceutical Merchant Account; Pharmacy Merchant Account;. How To Apply For A Supplements Or Nutraceuticals Merchant Account. To get a merchant account, one must submit an application with a merchant account provider. What you need to look out for is getting locked in a long term contract while you are still on the first step and. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. On average this is 5+ years!CBD oil boasts of many good sources including vitamin E antioxidants, magnesium, zinc, calcium, and many, many others. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. Get a Merchant Account to Sell Supplements Online From MID Kingz Solutions. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. 3% in recent years, and in 2015 the industry grossed $74 billion in the United States alone. All this being said, having the proper card payment processing services for the sales of these products must be done via a high-risk merchant account. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. Nutraceutical Merchant Account | Payment Processing for Nutra Industry Ready to Get Approved? Get Started Today! What is a Nutraceutical Merchant Account? Any. These businesses are often rejected by standard merchant accounts because of the risk to banks. Complete, Secure Payment Processing Solutions. Having a merchant account is essential for receiving funds from a payment processor. Further projections have. High risk products are products and services that are sold by merchants who operate within high-risk industries. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. 1. Each nutraceutical merchant account is different. Let us get you set up today. Your Resource For Merchant Services. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. A government-issued ID like a state-issued driver’s license. Nutraceuticals (also referred to as nutra) is a growing industry in the United States and worldwide. Nutraceutical Credit Card Processing. Merchant Portal; Payment Gateway, Payment XP; FAQs; 1. As a business expands, our online payment processing services can quickly scale accordingly, preventing any. Their applications for opening such an account may be rejected or they may be offered to pay high charges to cover the potential risks of the bank. Various payment methods, such as credit cards, debit cards, and other options, can be used for processing. The setup time for a nutraceutical merchant account can vary based on factors like your business model, processing history, and compliance requirements. 252. EMB has partnered with Shopify to meet your payment processing and merchant account needs. If. The process usually requires processing payments from the customer’s account into the vape merchant account. Better skincare. 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. Companies that offer pharmaceutical alternatives struggle to obtain nutraceutical merchant accounts because the industry still struggles to find. Check processing, ACH and direct debit;Host Merchant Services: Best for large high-risk businesses. Quick Client Access. A merchant account is a specific type of bank account that allows merchants to accept payments. Fees that PayFasto will charge depend on factors like processing history, method of sales, destination countries, volume of sales, and products. Membership. We get nutraceutical merchants approved when other processors decline. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. No caps on your. Merchant Accounts: Debt Collection Services from a Collection Agency Merchant Account. Shopify Payments Membership & Recurring Billing Nutraceutical Shopify Payments +208-806-2953 Membership & Recurring Billing Membership & Recurring Billing With a high. The Payment Experts. We at EMB know the trials and tribulations that those in the nutraceutical industry can face, and we will not judge or punish your company for it. Accessibility Click here for Accessibility adjustments. When your assigned underwriter approves your account, you can start processing payments right away. PaymentCloud rates as a reliable merchant account provider due to its clean complaint. Everything you need to sell supplements on or offline can be found in one place when you turn to EMB merchant account experts for your payment solutions. become an agent; development; gateway; blog; are you in need of supplemental credit card processing for your nutraceutical merchant account? are you in need of supplemental credit. Fill out our online application. A government-issued ID like a state-issued driver’s license. A merchant account is a specific type of bank account that allows merchants to accept payments. A merchant account is a specific type of bank account that allows merchants to accept payments. Apply Now. High risk nutraceutical merchant accounts are in high demand for payment processing. streamline payment processing. That’s where we come in. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. Obtaining nutraceutical credit card processing is a challenge sellers face. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that. After convincing people to buy dietary supplements and herbal products online, nutraceutical merchant accounts rely heavily on front-end payment gateway technology when accepting credit and debit cards for their sales. In today’s ever-changing health and business landscape, the convergence of NMN, nutraceuticals, and merchant payment processing is revolutionizing our approach to well-being and financial… This will assist in the simple acceptance of a nutraceutical merchant account. The process may take up to 6 months, with an initial registration fee of about $10,000 for the first year, and $5,000 for the following. This means that this hold back percentage is taken out of each credit card sale until your allowed monthly volume is met. The high risk merchant account provider initially approves your account. Secure, dependable payment gateway. Apply Now. To get a merchant account, one must submit an application with a merchant account provider. Improves gut health. . While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. The whole process can be completed in as little as 48 hours between application to processing payments. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. Some storefront and MOTO businesses use payment. Once the application is completed, the merchant will be required to have the following items: Completed website. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. This means that nutraceuticals imported from the United States, must be assessed and approved by Health Canada and a site licensed facility. Vape and E-Cig Merchant Accounts. Underwriters need to review the processing history to get a clear idea of chargeback issues a. To get a merchant account, one must submit an application with a merchant account provider. The merchant account provider will usually require a high-risk account to process these payments. They’re so well-established in fact that they work with over 60,000 merchants. In the thriving nutraceuticals digital marketplace, the role of advanced payment systems is crucial for businesses to thrive. The nutraceuticals industry is booming in the United States, but how is it fairing around the world? In India the nutraceutical market is growing at a rate faster than in the U. Merchant Accounts. Accept credit card payments online hassle-free. 51 billion in 2022 and is expected to reach a whopping $722. Nutraceutical Merchant Accounts. The merchant can withdraw money from here. Most credit card processors are unable to commit staff to continuous platform surveillance. 3. – Sex Toys. 2. Check 22. – Adult Cruise Lines. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. A high-risk merchant account will accept the risk and allow you to process credit cards. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. The payment processor (private corporation or banks) give the final approval of your account. At Allied Payments, we offer a wide array of merchant services, including payment processing, high-risk. To get a merchant account, one must submit an application with a merchant. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. 6%. Secure online payments with bank transfers are like cash payments and cannot be charged back. As consumers increasingly turn to dietary supplements, vitamins, and herbal remedies for health and wellness. Your nutraceutical merchant account could be slowly bleeding you dry and sucking out extra capital. 65%, Visa will request an investigation into the cause and that an action plan be developed. Get the processing capacity you need to manage & grow your nutraceutical business. In 2015, US sales were about $74B or 40 percent of the global market. Most banks in the world dread dealing with nutraceutical industry. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. With affordable rates and great service, your herbal supplements business is in good hands. Copy of call center agreement. 3% for a debit card. Traditional financial institutions may be wary of the industry's high-risk label, making it essential to seek out merchant accounts specifically tailored to the needs of nutraceutical e-commerce. Due to larger numbers of chargebacks, increased fraud allegations by customers (legitimate or not) and the lack of a regulatory system in place in the nutraceutical field, banks and credit card processors consider the nutraceutical industry to be very high-risk and are often unwilling to provide business owners with their much-needed merchant. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. Copy of the fulfillment agreement. 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. Copy of call center agreement. While the industry has operated without many regulations, the Federal Government has threatened to clamp down with online payments. The overall fees include:Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Funds leave the customer’s account and get deposited into the merchant account. So your best option lies with high-risk merchant account providers. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. MIDs are considered a highly sensitive information. 800. The whole process can be completed in as little as 48 hours between application to processing payments. The company’s products include ACH processing, an online payment gateway, merchant cash. Merchant Uses of Payment Processing Services. In this article, we focus on that, analyzing what a nutraceutical merchant account is. This post will provide an in-depth review of why the nutraceutical industry is considered high-risk and a list of the best high-risk credit card. So, merchants in this industry need to find a way to obtain one. 3 months of business banking statements; Approvals: 5 business days to 2 weeks; Offshore Startup Nutraceutical Merchant. 3. Household debt is at an all-time high, and it’s more important than ever for debt collection agencies to have access to convenient and robust payment processing solutions to collect debt payments. This is a private code sent to MasterCard account holders’ mobile numbers or email addresses that provides additional security to every transaction. The nutra industry has seen an annual growth rate of about 6. FintechMerchantAccounts works with nutra merchants understand how tough it can be for Nutra business owners like you to get approved for standard. This article explores the. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. That means more risk, to your business and to. With access to hundreds of US and international banks, all payments are covered. Get the up-to-date reports. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant. When you apply and get approved for a merchant account, you are given a unique set of numbers called Merchant Identification (MID). According to a recent report, the Global Nutraceutical Market was valued at $382. Performance Card Service (PCS) provides herbal supplement merchant account services and other payment options to keep your business as healthy as the products you sell. International Payment Processing (4) Lenders Merchant Account (2) Moto Merchant Account (1) Nutraceutical Merchant Account (1) Payday Lenders Payment Processing (1) Payday Loan Processing (3) Recurring Billing (13) Recurring Payment (12) SaaS (1) same day ach (2) Secure Payment Processing (14) travel merchant account (1)According to Zion Market Research, global dietary supplements market was valued at USD 132. Among the fees our merchant partners can expect to pay, contingent on the acquiring banking solution we arrange, include: Discount rate; Transaction fee; Merchant account feeA head shop merchant account is a payment processing account set up exclusively for head shops. We approve the accounts, manage risk, clear payments, and pay the forex merchants. Process over $300,000 per month. In the realm of high-risk payment. And they often increase the chance that their merchant account will get shut down. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. In general, merchants with a bad credit merchant account will need to demonstrate a track record of successful credit card processing and a good. High Risk Nutraceutical Merchant Accounts. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. Your business generates five to six figures every month. Nutraceutical Merchant Processing Accounts | Getting It Right. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. 3 months of business banking statements. EMB has partnered with Shopify to meet your payment processing and merchant account needs. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. Credit Score: Payment processors may ask for your credit score and credit history, particularly if you are applying for a high risk merchant account for the first time. One such option is eMerchant Authority which offers bad credit merchant accounts that your business needs to be able to receive payments. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Nutraceuticals are divided into three distinctive categories: functional food (probiotics, nuts, tomato products, yogurt), functional beverages (sports drinks), and dietary supplements (vitamins, minerals. At Allied Payments, we offer a wide array of merchant services, including payment processing, high-risk. They also struggle to secure the financing they need to grow their business and cover costs. High risk merchant. The bank assigns this number when a business applies for a merchant account with the processing service. Why You Need Nutraceutical Credit Card Processing. eMerchantBroker is a Los Angeles, California-based company that offers high risk e-commerce processing solutions including kratom merchant accounts. This way, you are denied any chance of getting your hands on a merchant processing account. To get a nutraceutical merchant account, an online application is the quickest way to an approval. L. Get Started Today. residents have become more focused on preventative health and are willing to spend a lot of money on vitamin supplements and other nutraceutical items. 5%. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. 20-$1. We keep your money safe, so you can keep doing what you love. To get a merchant account, one must submit an application with a merchant account provider. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. Underwriting Nutraceutical Merchant Accounts. With an astute understanding of the diverse categories, complex compliance norms, multiple payment processing models and SIC & NAIC codes, Merchant Advise can assist you in securing a nutraceutical merchant account with the right bank in minimal time. The process may take up to 6 months, with an initial registration fee of about $10,000 for the first year, and $5,000 for the following. Get approved for your nutraceutical merchant accounts! Learn MoreUniBul’s Nutraceutical Merchant Account. . Nutraceuticals tend to prolong the aging process, increase life expectancy, foil chronic diseases, and generally improve our wellbeing by boosting the functions and performance of the human body. The typical per transaction range is $0. The Florida-based merchant account provider, Allied Payments is capable of serving most domestic high-risk business types. services that are. PaymentCloud is a merchant account provider that specializes in credit card processing solutions for high risk business types. 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. To keep diseases, like high blood pressure, at bay and to maintain optimal wellness levels, consumer demands for supplements and nutraceuticals continues to rise. This percentage has grown in recent years and companies selling supplements have increased as well. Nonetheless, experienced payment companies. Credit Card Processing Shopping Carts Payment Gateway Integration AMSLV. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. With our nutraceutical payment processing, we make it easy to accept payments. However, eCommerce businesses benefit from the enhanced security of merchant account providers. Increases energy. Dedicated to negotiating the best terms for your supplement & nutraceutical business. These days, most. High Risk Merchant Account; Low Risk Merchant Account; Domestic Merchant Account; International/Offshore Merchant Account; E-Commerce/Internet Merchant Account; Retail/POS; Bad Credit Merchant Account; Merchant Account Fees; Alternative Payments; Credit Card Processing; ACH/Check Solutions. Instant check verification services for ACH accounts and electronic check payments are used to validate bank account information prior to processing an echeck payment. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. These supplements have experienced problems due to their use as a muscle-building steroids. Nutraceuticals are highly regulated products that require specialized payment processing solutions. The global nutraceuticals business reached total sales of approximately $180B in 2015; the industry projection for 2017 exceeded $204B. For Nutra firms that are new to processing, NMA will consider additional variables such as financial strength, third-party vendors used by the merchant, etc. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. What you did 2 years ago is irrelevant for most merchant account applications. 20-$1. The most recent negative review mentions held funds: Signed up for a processor sent all needed information, Just for funds to be held and canceled 90-180 days. Credit card processing accounts for US nutraceuticals might take up to three working days to get approved in the United States. One of the best solutions is a collection agency merchant. 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. Nutra has nothing to do with pharmaceuticals. Any computer with internet access can be used as a virtual terminal. The nutraceutical industry, as a part of the high-risk payment processing landscape, faces distinct challenges in payment processing, merchant account acquisition, and regulatory compliance. But while the industry continues to gain legitimacy, and an eager public continues to purchase nutraceuticals every day, we have to wait for regulations to catch. These guidelines include hygiene standards for processing and storage, implementation of process control systems to make sure reliable quality. By SecureGlobalPay | September 13, 2021. A merchant account is a type of bank account that allows businesses to accept credit card payments. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. 3 months of business banking statements; Approvals: 5 business days to 2 weeks; Offshore Startup. ACH Payment Processing can help your small business with quick and secure electronic payment processing. It can be any kinds of foods or supplements that can be considered medically or functionally beneficial to ones body. Why Join NMA? NMA Member Benefits; From Our MembersSix steps one should make to open a nutraceutical merchant account: 1. This is a private code sent to MasterCard account holders’ mobile numbers or email addresses that provides additional security to every transaction. If you sell vitamins, herbal products, or supplements, you will likely have to open a high-risk nutraceutical merchant account with your bank or payment processor. Nonetheless, experienced payment companies. A merchant account is a specific type of bank account that allows merchants to accept payments. Considering what has been happening in the U. Supporting documents include: ID for the signer on the account; business bank statements; payment processing history; and details about the business entity. Check out our nutraceutical merchant accounts today and. An ACH merchant account allows businesses to receive. From a merchant account, the merchant can withdraw the funds. A merchant account provider processes all types of cashless payments including checks, credit and debit cards, online, and mobile payments. You will be contacted within one business day . Gateways; Cash Advances; Essential Services Menu Toggle. Supports reproductive health. International merchant support. It can be challenging to navigate the payment processing restrictions that apply to nutraceuticals. 1 billion. Nutraceutical-friendly merchant partners should be sought from the start. Implement solutions that will assist the nutraceutical industry the most. Diversify your nutraceutical merchant accounts to mitigate risk. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. lately, this could cause a swift decline of nutraceutical imports and put a major dent in some or all industry profits. Some high-risk ACH processing providers charge a flat rate. Several factors influence a merchant’s risk level. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. With a. 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. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway. A high-volume merchant account will allow you to have access to merchant processing services and online payment gateways. For Nutra firms that are new to processing, NMA will consider additional variables such as financial strength, third-party vendors used by the merchant, etc. Many patrons of online pharmacies are having trouble purchasing medication from cheap, international online pharmacies using credit cards. Reasonable processing rates. Identify a niche. Major studies project that the global dietary supplements industry will grow to $278. #1 eMerchantBroker Top Pick for Kratom Credit Card Processing. Payment processing companies have fixed jurisdictions for merchant acceptance, and. Increase your nutra merchant account stability with the right merchant account adviceBy taking these steps, you can find the best nutraceutical merchant account providers that best suit your business's needs and helps you navigate the complex regulatory landscape. 3. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Get Started Today. The Payment Experts. An online business generally utilizes a payment gateway, but transactions are not limited to e-commerce online payments. Why supplement merchant accounts are a struggle. As specialists in high risk payment processing, we have the industry relationships necessary to help you obtain or improve. To get a merchant account, one must submit an application with a merchant account provider. Nutraceutical Merchant Account. We charge the fees differently based on several factors: merchant processing history, industry type (low or high risk), projected sales volume, etc. Merchant Accounts. An appropriate label of contents is a must. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. Your company is growing and needs another merchant account. National Processing Great For High Risk Point-of-Sale. All this being said, having the proper card payment processing services for the sales of these products must be done via a high-risk merchant account. To get a merchant account, one must submit an application with a merchant account provider. No longer will customers call to purchase or. An application is submitted along with along additional information about your business. These supplements have experienced problems due to their use as a muscle-building steroids. To get a merchant account, one must submit an application with a merchant account provider. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. Load Balancing. High Risk Nutraceutical Integrations. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. Payment processing companies have fixed jurisdictions for merchant acceptance, and. No other merchant can have the same MID as you within the entire network of your payment processing provider. Internet based Nutraceutical Product transactions are conducted on our 100% secure platform. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. Established herbal supplements and nutraceutical businesses that have a current merchant account and carry favorable processing history will have some leverage in negotiating rates with processing banks. 1. 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. Unfortunately, many credit card processors do not want to work with. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified. A subsidiary of Visa, Authorize. We can process your payments quickly and efficiently, so you can focus on growing your. There are two main reasons for this. This alert system helps keep. A merchant account is a specific type of bank account that allows merchants to accept payments. shop and compare merchant services for nutra sales Some merchant account providers specialize in high-risk merchant services, but they do in general charge higher transaction fees. Multi-currency settlement. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. Their consumption of calcium, Vitamin D, fish oil capsules, and supplements to keep joints moving without pain are at record levels. The potential of growth is thus ignored in favor of playing safe. If your online store needs a stronger merchant and payment. It is projected to leap 20 percent by 2019, and reach $6. So, what does it really mean to be Visa. The U. They were super responsive, they asked great questions. Distribute processing among accounts. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. “The biggest risk is not taking any risk” – Mark Zuckerberg Online pharmacy is a leading business on today’s eCommerce market. Nutraceutical products are normally classified as high-risk. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. High volume Nutra merchant accounts are our specialty. Most of the account providers follow a two-step approval. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Nutraceutical businesses can be very profitable. To save yourself and your business a headache, you need to locate a high risk merchant account processor.