What You Need to Know About Merchant Account for Online Pharmacies
by Confidential Banking #1 Merchant Processing ServicesPerhaps one of the
biggest difficulties of being a merchant in the e-Pharma (online
pharmaceutical) industry is accepting credit card payments from customers. It
is not that your customers do not want to pay you, but the number of banks and
other financial institutions willing to provide you with the capabilities to
accept credit cards is very limited. Most of these also have extremely high
rates, which means that your profits are significantly diminished.
So what is the problem
with merchant accounts for online pharmacies?
The online
pharmaceutical industry carries with it a track record of high risk in terms of
chargebacks, and too many chargebacks are not good for both the merchant and
the merchant services provider. As a result, most merchant services providers
are not prepared to take on the extra risk that pharmacy merchant
accounts
entail. Even providers who accept pharmacy merchants compensate for the risk by
charging a much higher transaction and discount fee.
As a merchant in the
high risk “online pharmacy” industry, your number one priority is to find a high-risk merchant
accounts
service provider who can offer you the most secure and reliable services at the
best prices. Emphasis on “secure” and “reliable” because if your merchant
service provider is not adequately prepared for high-risk merchant solutions,
that could spell BIG problems. The last thing you want is to have your money
frozen or lost!
Are you an online
pharmacy merchant in need of a high-risk, high volume merchant account? In
order to get a safe, secure, stable and cost-effective payment processing solution,
consider working with a reputed merchant account services provider like Liberty
Enterprises, Inc. With direct relationships with a wide array of offshore
merchant banks, they are able to offer some of the highest quality services
with the lowest pricing in the industry. Visit https://www.confidentialbanking.com/ to learn more.
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Created on Oct 12th 2020 08:58. Viewed 230 times.