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Payment Processing for Nutraceutical Industries

Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. Streamline your business by utilizing our experience and latest tools.

  • Compliance Support
  • Multiple Merchant Accounts
  • Fraud Prevention
  • Recurring Payment Support

  • Integration Help
  • Chargeback Mitigation
  • And More…

Types of Nutraceutical Services and Products

Nutraceuticals are alternative treatments for health and cosmetics.

  • Weight Loss and Diet Programs
  • Meal Replacements
  • Cosmetic and Anti-Aging Treatments
  • Hair Growth Treatments
  • Dietary Supplements
  • Fortified Functional Foods
  • Pre-Natal Vitamins
  • Probiotics and Prebiotics
  • Detox Programs

Challenges of a Nutraceutical Business

Nutraceuticals fall under the high risk industry list due to unregulated claims and other factors.

Not all nutraceutical products are regulated by the FDA and don’t need to be for businesses to sell them. Additional regulations and compliance vary by state and country. A nutraceutical company can shut down from mistakes in compliance.

Nutraceutical companies often claim that their products guarantee certain outcomes. Not every client will have the outcome that the merchant advertises. This can lead to requests for refunds and chargebacks. Nutraceutical companies are more likely than others to have a high chargeback rate due to customer experiences that don’t match claims.

Subscription services that operate through recurring payments are inherently high risk. These automatic payments are often overlooked and forgotten by clients who may no longer wish to participate in a service. Many nutraceutical companies offer subscriptions for their products or services that start with a free trial. When a trial ends, the company begins charging the client. This can lead to a high number of disputes and chargebacks.

Unfortunately, there is a large number of unreputable nutraceutical merchants that leave customers experiencing the industry negatively. Banks are less likely to work with an industry with many fraudulent merchants. However, Revitpay’s experts know how to approve and qualify legitimate merchants to start their processing accounts.

The Best Merchant Account for Nutraceutical Businesses

Nutraceutical businesses need specialized help that will streamline their business operations. Here is some of what Revitpay offers merchants.

Bank Partners

Revitpay has more than two dozen compliant bank partners that specialize in providing high risk merchant accounts, and some specific to nutraceutical businesses. With us, there’s no need to hunt down a bank – we have that covered for you.

Chargeback Alerts

Fraud detection algorithms will notify merchants when a client files a dispute against them. These disputes become chargeback if they remain unsolved. The chargeback alerts will let you know a few days before a chargeback can be processed so that you can solve the issue with the customer.

Fraud Protection

We provide all of your fraud protection and prevention strategies, including complimentary fraud screenings. We do our best to reduce your chargeback rate to as low as 1% and continue to mitigate your business’s risk.

ACH & eCheck Processing

Provide your clients with additional payment options beyond credit cards. Revitpay offers ACH and eCheck processing, which offers lower interchange fees and security.

Recurring Payments Support

Providing clients with subscription services is easier than ever with Revitpay’s payment gateways. Offer a hands-free experience with a one-time process that secures your customers’ information without hassle.

We Have What You Need

Revitpay can get you fast approval for a merchant account, regardless of your risk level. Our tools and services keep up-to-date with industries so that we can keep your business at the top of its game.

Let us accelerate your payment processing journey today!

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