Who We Serve: Nutraceuticals and Supplements
Nutraceuticals and Supplements businesses include:
- Dietary and nutritional supplements
- Herbal and natural remedies
- Vitamin and mineral supplements
- Protein powders and meal replacements
- Anti-aging and wellness products
This $671 billion industry is growing but with growth comes complexity. Whether you sell online, through subscription models or in brick and mortar stores Payment Nerds has solutions for your business.
The Challenges of the Nutraceutical Industry
If you’ve found it hard to find a payment processor you can trust you’re not alone. Nutraceutical businesses are often classified as high risk because:
- High Chargeback Rates: Subscription models and product dissatisfaction means chargebacks exceed 3%.
- Regulatory Scrutiny: Supplements are regulated differently by country increasing compliance risk.
- Fraudulent Transactions: Online sales make this industry a hot target for fraud.
- Consumer Expectations: When customers expectations aren’t met it can lead to disputes and legal issues.
Banks and traditional payment processors avoid high risk industries but Payment Nerds is here for businesses like yours.
Why Partner with Payment Nerds for Nutraceuticals
Partnering with a processor that gets your industry can change your business. Here’s what we offer:
- High Risk Payment Processing: Keep your business compliant and running with custom solutions.
- Subscription Billing and Recurring Payments: Manage memberships and auto refills.
- Fraud Prevention Tools: Advanced fraud detection and PCI compliant systems to protect your customers and your reputation.
- Chargeback Mitigation: Proactive tools to reduce disputes and protect your revenue.
- Multi-Channel Payments: Accept credit cards, ACH, mobile wallets and more.
- eCommerce Integrations: Integrate with Shopify, WooCommerce, BigCommerce and more.
- Detailed Analytics and Reporting: See your customers and sales trends in real time.
- 24/7 Dedicated Support: Get help when you need it from industry experts.
Nutraceutical Merchant Accounts
We have several types of merchant accounts to choose from:
- High Risk Merchant Accounts: Designed for nutraceutical businesses.
- Subscription Based Accounts: For recurring billing models.
- eCommerce Merchant Accounts: Integrated with major online platforms for seamless transactions.
Our accounts are custom to your business model so you have flexibility and peace of mind.
Choosing the Right Payment Processor for Your Nutraceutical Business
Not all processors are the same. When choosing a partner consider:
- Industry Knowledge: Does the processor understand high risk businesses?
- Fraud and Chargeback Management: Are there tools to reduce financial risk?
- Integration: Will the processor work with your existing eCommerce or subscription platforms?
- Competitive Pricing: Are the rates fair and the terms clear? decision-making.
Payment Nerds checks all those boxes and more. We want to build long term relationships based on trust, transparency and results.
Get Started: Simple Steps to Open Your Merchant Account
We make opening your account easy. To get started you will need:
- Photo ID: A government issued ID to verify the business owner.
- Signed Merchant Application: Standard documents to open your account.
- Voided Check or Bank Letter: To verify your banking information.
- Bank Statements: 3 months of statements to show financials.
- Processing History: Previous processing statements if available.
- Business Documentation: Licenses, certifications or other required permits.
We will walk you through the process to make it easy and painless.
Get More Efficient with Essential Integrations for Nutraceuticals
Get more efficient with software tools that complement your payment processing:
- eCommerce Platforms: Integrations with Shopify, Magento, WooCommerce and more.
- Accounting Tools: Sync with QuickBooks or Xero.
- CRM Systems: Manage customer relationships with HubSpot or Salesforce.
- Subscription Platforms: Manage recurring billing with ReCharge, Bold Subscriptions or Chargebee.
