Beauty Product Merchant Account for Seamless Growth of your Cosmetics Business
Nobody knows when your fountain of youth stops dripping. If you are looking to take your skincare and beauty products online, then you will need a merchant account. A payment processor will allow you to accept credit or debit card payments. The misguiding notion of selling false products or unproven health benefits has spread widely. Due to this, it has become difficult for traditional merchant institutions to provide payment gateway services. The skincare industry may utilize chemicals and compounds such as hyaluronic acid, retinoid, glycolic acid, and vitamin C, as “pseudo-pharmaceuticals that are harmful to the skin of the human race. Hence these industries are considered to be high-risk. Financial institutions and banks develop a greater chance of refunds, losses, or fees merchants can’t repay when they go bankrupt or shutdown. Associate with the Best Cosmetic Brands to enjoy uninterrupted services and if you are likely to open your online cosmetic business then a renowned United Kingdom-based company EskayPay can help you out with getting a payment processor that will manage all your payment transaction-related issues.
There are many problems that may come in your way if you are a self-regulated industry. With the lack of strong policies and regulations, manufacturing industries will convey invaluable or harmful cosmetic products to consumers. This will also result in many unsatisfied customers who may try to put up high chargeback claims or refund, and can also leave the merchant on account of false health benefit claims and unethical manufacturing practices. Excessive chargebacks are bad for business. This will tell the banks and processor providing firms that merchants are doing something wrong either they are compromising with the quality of the products or the services that they are claiming to provide to customers.
Strategies to get you the best account solution
Do Your Homework – One of the important things to keep in mind is that stay familiar with your federal government policies, rule, and regulation. Figure out that the beauty products that you are selling fall under which category in your country. Since if you are selling a product that claims that your pores and dark spots will become less noticeable by using our product than Food and Drug Administration (FDA) will classify your product under cosmetics. However, if you are promising that your product will change the skin color or will do some deformation to the skin then Food and Drug Administration (FDA) will categorize you under the “Drug” category. This is because you are promising to change the structure of the skin. This is when the line starts to fade away. Since the federal government only wants the product reaching out to a customer is 100% safe and will not cause any distress to consumers. The best Cosmetics Merchant Account in the United Kingdom via the leading merchant account provider EskayPay can helps you stay ahead of your competitors in the UK.
Re-structure your Business Model – You need to re-structure your business model if you are not getting what you want. Companies like MLM have a good bottom to down management to drum up their business but sometimes they become pathetic down the line.
Lay solid policies –You are required to stay transparent with your monthly fees, recurring billing, and early cancellation fees. Ensure that you have solid terms and condition agreement page displayed on your website. You can also include your terms and service on follow up emails. So next time when your customer is due for on-going membership or products, then you can easily send emails to remind them of the charges.
Think Wisely – If you are looking to find a cosmetics or skincare merchant account then you need to find a new provider. Invest time researching online; ask them about their fees, terms, and conditions. The best skin product payment the processor will provide you a complete package of all your problems involving a variety of payment options, multiple currencies, and seamless processing of your online transactions. They will also provide you with advanced management tools such as fraud detection tools and chargeback mitigation systems. And last but not the least with overall advanced technologies and additional convenience the payment processor service provider is required to enhance the end-user experience in your online business so that you can easily have a high volume of sales to your business.
Benefits of payment gateways for online beauty merchants
Get access to more payment solutions – Payment processor allows many retailers to get the most popular transaction methods like Visa, MasterCard, Maestro, UnionPay to their website. Moreover, hundreds of payment solutions are available to support your local business. Get the real solutions instantly with bank transfer, e-wallets, and prepaid vouchers and expand your business in a worldwide spectrum.
Fraud management tools – A merchant account possess fraud management tools that can help you acknowledge irregular transactions apart from that it can also help you with minimizing the excessive chargebacks for your business. We provide a range of fraud management tools such as 3D secure, Velocity Check, Geo-Conflict, Pre-Authorization, and BIN Look-up.
Customized payment pages- We provide a flexible interface that will help you adjust the checkout page for your online beauty store and customize it as per your recommendations. It will also enhance the user experience for your web store customers.
Payments Tokenization – This kind of solution is used to prevent data breaches. You can also rely on your service provider for sensitive payment data. A certified and authorized gateway is the best choice gateway for beauty products.
EskayPay a leading United Kingdom company that deals in providing credit card processing solutions are specialized in providing high-risk merchant account to high-risk merchant account uk businesses like e-commerce skincare product businesses, Technical Support, Casino and several other Industries. Reach out to us our expert will be in contact with you once they will know the requirement. Apply for a skincare product merchant account now with our online application. Get the best Beauty Products Merchant Account for your that will provide comprehensive payment processing services to enhance the quality of your payment transactions.