Nutraceutical is a gigantic industry that includes companies that involve nutrient selling, dietary supplements, and herbal products that are consumed by users to look beautiful, enhancing health, and stimulate sexual desire, energy regulation for good health, promoting healthy skin and healthy body. Many people all over the world consume nutraceuticals on a recurring basis. America is one of the major Nutra product consuming countries. Over 75% of the Americans are using the products from this industry. Since each one of us wants to look good, better, healthy, have a better sex life, and earn a vibrant life full of energy for them. The industry is expanding like never before with $4.2 trillion yearly turnovers. One of the important facts to discover is that the globally wellness sector represents 5.3% of the total global economic growth. Get an Offshore Merchant Account that can help you manage your business transactions and provide you standardized security against data breaching and frauds.
Chargeback Prevention for Nutraceutical Merchants
There are multiple reasons why this industry gets a fair amount of chargebacks:
Free Trials: A period of 30, 60, or 90 days of free trial attracts tremendous customers. Some customers are just freebies who fly away once the trial period expires, yet some of the merchants have already started billing the consumer’s credit card. As a result, the consumer gets in touch with the card provider to dispute the charges and files a chargeback.
Recurring Bills: Some consumers customize monthly billing payment for delivery of products, after some time, when they got dissatisfied with the product they forgot to stop the automatic monthly billing cycle of payments for his/her credit card.
Automatic Renewal: After the subscription package expires, the merchant automatically renews the consumer’s credit card. However, the consumer forgets to renew his/her card for this automatic update and discovers it when he/she is about to read his/her nest credit card statement.
How can I get a Nutraceutical payment gateway?
You are one step away from getting a nutraceutical account. You just need to fill up an online application form available on the merchant account provider website. Well, it’s easy in case if you not running any high-risk business. But when it comes to high-risk merchant account, you will not get any permission for having a business account. Since the bank wouldn’t allow you to have one. You need not worry so much about it. Just get in contact with a high-risk merchant account provider that has bank sponsor relationship and underwriting abilities to grab you a nutraceutical business.
Getting a payment processing the company which has a profound experience and reliability is not always easy. Hence get in touch with the best service provider today to have many benefits for your merchandise.
We at EskayPay, United Kingdom help you fight your chargebacks with chargeback prevention tools. Merchant will also learn several other tactics to effectively handle them. We provide Nutraceutical Merchant Account for start accepting payment through credit or debit cards irrespective of your high or low volume size of your company.
