Nutraceutical merchant account sponsor banks. Once a business hits a ratio of 0. Nutraceutical merchant account sponsor banks

 
 Once a business hits a ratio of 0Nutraceutical merchant account sponsor banks  The name “high risk” doesn’t really indicate unlawful or malicious activity; high risk basically implies that a merchant account needs extra

Executed eSigned Merchant Agreement. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. eDataPay can set your business up with a nutraceutical merchant account you can trust. The financial institution that gives a credit card account to your customer, the cardholder. These banks have been known to freeze merchant accounts or even close them on occasion when chargeback ratios begin to raise, which leave merchants unable to process debit and credit card. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. Place your High Risk Merchant Account with banks that want your business. Even if you receive a merchant account from a traditional payment processor, the bank and payment processor will eventually terminate your account as you violate their service policies. That said, this will severely limit your ability to accept online. One study showed the average value of a cash transaction was $22, compared to $112 for the average non-cash transaction in 2019. Merchant Account for Nutraceutical Products : In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. . All Nutraceutical Merchants welcome. co specializes in sourcing merchant accounts for difficult-to-place nutraceutical merchants. It allows them to target types of merchants—particularly smaller merchants—that they may not otherwise have supported, expanding and broadening their merchant base. Department of State as a sponsor of international terrorism under 22 U. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. And since every crypto payment is tracked, dispensaries can comply with regulations. 70 70. That said, securing a nutraceutical industry merchant account requires working with a payment provider specializing in providing high-risk credit card processing services to nutraceutical businesses. Due to the chance for legal action in such a loose and unregulated market, th. An acquiring bank is the merchant account provider and processor of card transactions on behalf of the merchant. Nutraceutical Merchant Accounts 2018. accounts for nutra businesses to be considered high risk by banks and regulatory bodies. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. These banks are registered with specific card associations, like Visa, Mastercard, or American Express. 3, 2019 • 0 likes. This is often a way to get around big banks’ refusal to underwrite adult businesses, but it has another hidden advantage as well. You will be contacted within one business day . Selling nutraceutical products goes against the service policies of most traditional payment processors, leading to account closure once they discover your business type. Merchant Accounts. 10 cents USD per in-person transaction, 3. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. Users can also take advantage of the tax-deferred growth offered by the account. PayDiverse works closely alongside nutraceutical merchant accounts to avoid detrimental and unwarranted chargebacks, fraud and account closures. There is not a lot of merchant account product-specific. Take Advantage of our Net 30 Account to help you grow your business credit. Safe payment is made directly from the consumer’s bank which authenticates the buyer during the transaction and informs the merchant of authorization. Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. In every transaction that occurs in your account, your merchant ID number is used. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. Therefore, most nutraceutical companies will have to use a partner who specializes in high-risk merchant A business that accepts credit cards for goods or services. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. App. We understand how challenging it may be to work with traditional payment processors, particularly when selling nutraceutical items and supplements online. Company. Easy Pay Direct. $250 times 6% equals $15. S. Organizations that deal with a large number of. Nutraceuticals are tricky businesses to find merchant accounts for due to lack of health regularization by the government. An R20 non-transaction account offers users a range of tax benefits. Nutraceutical Merchant Accounts; Tech Support; High Risk Merchant Accounts; Low Cost Credit Card Processing; CBD Merchant Accounts. 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. 2371 or 50 U. Business dealing in such products is categorized as high-risk business and therefore most conventional banks and merchant processors will. These products are often vitamins, or mixtures of herbs that claim to assist with a desired outcome. Many banks are also reluctant to partner with MLM companies. Our all-in-one merchant accounts include affordable e-Check/Credit Card processing, debit and ACH processing, a payment gateway, and chargeback protection. Traditional banks are not going to make it easy to open and maintain a merchant account for a nutraceutical business. 1 billion. One-time & Recurring Payments. An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. Vacation Rental Merchant Accounts. The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. The accounts enable acceptance of payments from customers in the US and overseas. Why is it so? They deal directly with the trusted banks. Due to the risks and a high number of chargebacks, banks and financial institutes do not support with merchant account service to the nutraceutical merchants. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by financial institutions. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. Nutraceutical Credit Card Processing. 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. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. How to Avoid Having your Nutraceutical Merchant Account Closed & TMF? Moneck Payment Solutions. Navigating FTC Compliance and Avoiding Legal Pitfalls in the Supplement Industry. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. Benefits Of A Specialized Merchant Account For Nutraceuticals. In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. Once a business hits a ratio of 0. WEB entry classifications for online bill payments rose 6. Fill out this form and a merchant services representative will be in touch! Get Started. Finding a knowledgeable payment processor is better to help your nutraceutical merchant account get through all legal actions. PayDiverse offers multiple services aimed at helping businesses both new and existing, ranging from chargeback management, to secure credit card processing, fraud prevention and ACH processing. If you sell supplements, diet pills, or. Industries. Chargebacks: The 411. NACHA released its report for Q4 2011 ACH transactions. A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. These transactions require a bank account number and routing number to process. The requirements for keeping the account will be more stringent and the maximum chargeback rate will be lower than for other, lower-risk. A Merchant Account Focussed On the Needs of Nutraceutical Products. Who is DigiPay Solutions? The processor of choice for the world’s leading nutraceutical companies, DigiPay Solutions has a global network of partner banks, payment experts and an elite portfolio of tailored solutions. For example, users can claim deductions on specific transactions, such as interest earned, dividends received, and capital gains. Merchant bankruptcy is also a factor in why the nutraceutical industry is often viewed in a negative light. Domestic High-Risk Merchant Account Requirements: UK or US based. This alert system helps keep. Enable 3D Secure in your payment gateway. Look for vendors that use language stating they are friendly to your business. The difficulty in getting account authorization with many banks for high-risk nutraceutical merchants in this sector forces them to look for a high-risk credit card processor. This is well over what Visa considers an excessive level of chargebacks. Offer your customers card, ACH, and echeck payment. It can be difficult for merchants to find a bank or processor to work with, and the need to go with a merchant processor that specializes in high risk industries has become a necessity. Here are the main benefits to you. That said, this will severely limit your ability to accept online. Third is vaping and e-cigarettes. eDataPay can set your business up with a nutraceutical merchant account you can trust. C. Banks & Credit Card Processors Are Not Impressed. The American nutraceutical market is expected to grow up to. The company establishes accounts using either the ACH network or Check 21 technology to process electronic check (echeck) transactions. For example, new rates on utility payments would generate a flat $1. Stripe is a payment processing platform that allows you to accept credit cards, debit cards, and other forms of electronic payment. Banks and traditional. Home. Our payment solutions are designed to seamlessly integrate with your business model, whether you operate an e-commerce platform, health supplement store, or other related businesses. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. 2. While the issuing bank will investigate the. What is an Offshore Merchant Account. Best Nutraceutical Merchant Account Providers. They are also subject to high returns and credit card declines,. They can be used by businesses and consumers alike, and they make up a huge percentage of electronic transactions. Touchsuite is located in Boca Raton, FL and is a payment processing and point of sale company that specializes in merchant accounts, point of sale systems, Grubbrr self-ordering kiosks. When a customer makes a payment in this way, otherwise known as a card-not-present transaction, the money is processed into the merchant account before passing. Gain access to an extensive network of domestic and international banks to satisfy your processing. Most conventional banks and Merchant Processors will not provide services to companies like this. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. Retail tobacco shops can generally find payment processing for their business with ease. This includes processing payments, managing customer accounts, and ensuring that payments are securely conducted. The Best High-Risk Merchant Accounts of 2023. Letter from bank. Our Nutraceutical Merchant Account Services. A processor connects to the merchant on behalf of an acquirer via. Nutraceutical products are increasingly becoming more and more popular all over the world. . Wells Fargo on it’s own, operates purely as a banking institution – and most of their operation has nothing to do with First Data. Here are the top 5 high risk merchants that are mostly likely to process high risk payments. Many herbal products are also referred to as nutraceuticals. It can be any kinds of foods or supplements that can be considered medically or functionally beneficial to ones body. Merchant Login. 75. This is true whether you sell digital goods online or physical items in-store. What We Do. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. This allows the acquirer to offer payment services to their clients. under a license issued by a jurisdiction whose government has been identified by the U. Contact us already today if you are interested in getting nutraceutical merchant account by clicking on “Get a quote. With high chargebacks and continuity billing, some banks consider nutraceutical merchants too high of a risk. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. In certain situations, we can expedite the setup process in 1 business day. High-Risk Gateways is in the market for a long time providing service to high-risk merchants. A credit card processing company needs a minimum of $50,000 capital on average. . No additional work for you. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. Outside of negative option billing, nutraceuticals is under scrutiny by low-risk banks. About 50,000 banks belong to the Fedwire. 50% and an authorization. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. A subsidiary of Visa, Authorize. Processing payments through acquiring banks in the. Due to the chance for legal action in such a loose and unregulated market, th. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. Overcome the toughest of merchant challenges & disapprovals. There are limited types of merchant accounts that are available in this space. We are able to provide merchants with a traditional high-risk merchant account accept credit cards for terpenes. The supplement industry is booming with an ever-increasing demand for…Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. Don’t let payment processing issues hold you back – contact QuadraPay today to learn more about their services and how they can help your nutraceutical business thrive. Merchant Processing Advisors can provide your company with a merchant account at a competitive rate along with the services and features that a nutraceutical company needs, such as the ability to handle multiple currencies, PCI compliance, integrated shopping carts, value added software, fraud and chargeback protection, and secure payment gateways. S. S. However, your business can be at high risk or those who have acquired a bad credit from the bank. MerchantE has direct relationships with several sponsor banks. Within 4 hours, she called me back with the answers. Contact Information Compliancy Nutra and Supplements Merchant Account. a tax id number. . Call us Contact. government regulates nutraceutical businesses, which means these. Vitamins, Skincare, Nutraceutical The nutraceutical (or "Nutra") sector is not a laughingstock. Nutraceutical Merchant Accounts;. Added to the MRP – Mastercard Registration Program Acquiring banks has to include all merchants involved with negative option billing into the MRP to be compliant with the new rules. No caps on your. 3% rate as required by the federal government for sale. Multiple Merchant Accounts. We know you’ve probably thought. Low conversions equally affect how an acquiring bank sees your ability to generate revenue and meet monthly sales targets. 15% with an added $. 98% approval rates for high risk credit card processing. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. I have partnered with Durango Merchant Services for multiple years as a corporate sponsor and would highly recommend this company. 65%, Visa will request an investigation into the cause and that an action plan be developed. It depends on the type of business the merchant operates. The only available option for these organizations is engaging in business with payment processors that facilitate high-risk payments. S. 3. First of all, if you're looking to open a nutraceutical merchant account with a standard merchant. Digital Product Merchant Accounts. RCCs are used for a myriad of commercial purposes and by a variety of industries. 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. As our staff at FintechMerchantAccounts conducted our research on the nutraceutical industry (” Nutra”) we found that it is estimated to grow to a staggering $671 billion by 2024 worldwide. Even though there are no regulations against Nutraceuticals, big banks and traditional merchant services don't want to. WHERE THE BANKS COME TO YOU. Even though there is no law against the Nutraceuticals businesses, but banks and merchant services don’t accommodate the Nutraceuticals business. Dating Merchant Accounts. Vape and E-Cig Merchant Accounts. ACH payments for high volume or high risk merchant accounts. ACH. In the fast paced world powered by technology, new health complications are surfacing everyday and leading to lifestyle. QuadraPay’s specialized Nutraceuticals Merchant Account is designed to help nutraceutical companies avoid. Most banks in the world dread dealing with nutraceutical industry because of its high risk. Your Resource For Merchant Services. A processor connects to the merchant on behalf of an acquirer via. This is true whether you sell digital goods online or physical items in-store. Our staff of continuity professionals will help businesses set up their billing programs through our high risk banking network. International merchant support. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. Nutraceuticals are divided into three distinctive categories: functional food (probiotics, nuts, tomato products, yogurt), functional beverages (sports drinks), and dietary supplements (vitamins, minerals. Results of a transaction (approval / declined) are returned within seconds. Step 3: Acquiring Bank Routes the Transaction. Even if those products contain terpenes that are derived from cannabis, we can still provide payment processing. Accepting ACH payments gives your customers a trusted method of paying you. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. 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. Let’s say you sell a Sig Sauer P365 for $500. Multi-bank and offshore payment processing. No problem! Talk to a SeamlessChex representative today to see if a nutraceutical merchant account is right for you! Nutraceutical Merchant Account Solutions Made. 30 cents USD per online transaction, and 4. search for long-term solutions for your nutra deals. COVID-19 changed cash for good. Nutraceutical vs. Unfortunately, this high projection still does not ease the process of being approved for peptide merchant account services from banks. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. Merchant Credit Card Processing Accounts. For more information, visit the PaymentCloud website or call (888) 506-7859. App. 576. Best Nutraceutical Merchant Account Providers (2023) Best Merchant Accounts for Kratom (2023) Best Merchant Accounts for Online Gambling (2023). Nutraceuticals Nutraceuticals With health and beauty dominating our youth-oriented culture, opportunities abound for companies that offer subscription nutraceuticals, vitamins and free trial/continuity memberships. Understand Your Business Needs. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. ACH can be for both debit and credit transactions. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. 770-690-8369. Nutraceutical products are increasingly becoming more and more popular all over the world. With high chargebacks and continuity billing, banks consider nutraceutical & supplement merchants too high of a risk. Obtaining nutraceutical credit card processing is a challenge sellers face. To get approved for a nutraceutical merchant account in 48 hours click below or call 1-800. Nutra products range from oral supplements to teas, tinctures and salves. Why are Nutra Accounts considered High Risk? Many different terms and definitions are used in different countries, which can result in confusion. 75 on your $500 auction when you put the fees together. But in exchange, the fees are. Therefore, banks consider nutraceutical merchants too high of a risk. S. An offshore merchant account allows you to accept and process payments with bank cards over the Internet in 2023. But. The growth of ACH payments for electronic bill payment continues. There are a number of merchant account providers and payment processors that offer offshore. A sponsor bank is a federal or state chartered bank, which is a member of one or more of the credit card associations, who provides money-movement and compliance oversight for fintechs, since most of them are not banks. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. This is well over what Visa considers an excessive level of chargebacks. and the processor A large data center that processes credit card transactions and settles funds to merchants. Pricing for Nutraceutical Merchant Accounts. Simply refer your clients. Primary Menu. 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. Most e-cigarette merchant accounts use one of 2 pricing models; tiered pricing or cost-plus pricing, also known as interchange-plus pricing. Banks weigh the risks associated with a business. Published on January 30, 2022. While traditional banks view companies in this sector as high risk, with a nutraceutical. Banks. It also includes other transactions such as refunds, rebills, and chargebacks between you, your acquiring and issuing bank, and your customers. Learn the differences to keep your high risk merchant account up and running. Nonetheless, experienced payment companies. The accounts enable acceptance of payments from customers in the US and internationally. Additionally, they are responsible for the collection of taxes and fees associated with the transactions. 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. Get approved for your own MID (Merchant ID) 4. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. 2nd Fl - 707 Fort St. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. Merchants who utilize negative option billing to sell physical goods, will be deemed “High Risk Merchant”. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. Payment processing companies provide merchant accounts easily. PayFasto provides nutraceutical merchant accounts for businesses with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries like credit card processing for nutraceuticals. Most of payment processing companies consider nutraceutical industry. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. Our merchant account managers offer expert advice and guidance throughout the relationship of your account. With access to hundreds of US and international banks, all payments are covered. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. Our merchant account managers offer expert advice and guidance throughout the relationship of your account and will help you prevent fraud, reduce chargebacks and increase profits. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. What is a Nutraceutical Merchant Account? Any business that accepts card-based payments must have a merchant account, which is a dedicated bank account reserved. com, know that nutraceutical merchant accounts are hard to come by. They’re so well-established in fact that they work with over 60,000 merchants. HSBC. It’s undeniable that the nutraceutical market goes on growing at a rapid pace. The reason is that more and more people are looking into natural cures for their ailments. But, understandably, they make. FintechMerchantAccounts works with nutra merchants understand how tough it can be for Nutra business owners like you to get approved for standard. S. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. com; About Us; What We Do; FAQ; Blog; Partners; Rates; Contact; Application;. Contact Us. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. We’re Also Compatible With Many Other CRM. Recurring Payment Support. The credit card companies have special rates for utility bill payments. Large Average Ticket Size. Merchant Uses of Payment Processing Services. Banks will avoid your nutraceutical company while CWBPAY specializes in your nutraceutical company. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary supplements, vitamins, and other health-related products. Set your Supplements Business up with Merchant Account Services today! Contact one of our Peptides payment processing professionals for more information about the available services for your business in the supplement industry. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. Get started with Zen Payments. 4 billion as of 2015, and is estimated to reach $204. Compliance Support. The nutraceuticals marketplace is projected to hit over. WHERE THE BANKS COME TO YOU. What is a Nutraceutical Merchant Account? Because banks typically deny funding and payment processing to this industry, more and more of these merchants are turning to alternative providers like eMerchantBroker. F 305. South. Bad credit merchant account. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. Get the processing capacity you need to manage & grow your nutraceutical business. As a rule, nutraceuticals use the following NAICS code:. Nutraceutical businesses can be very profitable. The bad news is they demand a wide range of documents. 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. The label “ high risk A merchant that is considered a high risk based upon the credit,. The flawless solution for High-Risk BusinessesNutraceutical Merchant Account; Merchant Account for Tech Support;. 9 million transactions, compared to 641. Nutraceutical payment processing is not difficult. For this reason, they will put certain industries or business types on their restricted merchant list. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. A virtual terminal connects to a secure payment processing gateway. Find a reliable PSP. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. Including setting up a nutra merchant account, and working with banks directly. A Spotlight on the Nutraceutical Merchant Account Holders: Streamlining the Market Not all Supplements bought online are legit. Getting a merchant account involves: 1. You need to consider where to get your main financing and if your capital can sustain the day to day operational cost until you see revenue. We provide online payment processing for high risk nutraceutical merchant accounts. High volume accounts. Department of State as a sponsor of international terrorism under 22 U. High Risk Nutraceuticals Merchant Account. In addition, we can set up alternative payment methods such as ACH payments and E-checks. 2405(j), (iii) located in or operating under a license issued by a jurisdiction that. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. Offer processing services to your customers with an API integration to your platform. 9% to 685. Crypto merchant accounts are increasing being used at by CBD merchants as well. ARE YOU IN NEED OF SUPPLEMENTAL CREDIT CARD PROCESSING FOR YOUR. nutraceutical industry steadily increasing from $34. The potential of growth is thus ignored in favor of playing safe. Nutraceutical Merchant Account; Recurring Billing; Subscription and Membership Merchant Accounts;. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. There are payment processors who specialize in high-risk merchant accounts. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, combined with our integration of fraud and chargeback fighting technology, uniquely positions Soar Payments to provide low cost reliable merchant accounts for doc prep related businesses. More. Apply for a high-risk merchant account! The Nutraceutical industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. ACH. Built-in virtual terminal. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. It is a privately held clearing house owned by less than 50 banks. Soar Payments vaping & e-cig merchant accounts, either directly or via a payment gateway, are compatible and integrate with the following ecommerce, POS and marketing automation platforms: Shopify, WooCommerce, BigCommerce, Magento, Volusion, ClickFunnels, InfusionSoft, and OntraPort. sales@intl-payments.