We offer credit card processing services for weight loss supplements merchants. There’s no question that a significant percentage of Americans are simply overweight. TV talk shows like Dr. Oz have brought this epidemic to light and seem to regularly discuss the risks of obesity and effective weight loss supplements.
As more Americans are choosing to take steps toward healthy living, there’s an opportunity for businesses to step into the dietary supplement segment or expand upon their existing sales.
While this industry can be a great revenue stream, it also has its challenges. Perhaps the biggest challenge is finding the right merchant services provider to set up a merchant account to effectively process customer credit cards.
The reason? Risk. Whether you call them vitamins, herbal, dietary, nutritional or health supplements, these products are considered high-risk.
It’s not that these products necessarily pose a health risk, but rather have higher instances of chargebacks by customers that are not satisfied with their purchase. Greater chargebacks equals greater risk.
Therefore, merchants that sell these popular products need a high-risk merchant account, and should expect to pay slightly higher rates than low-risk merchants.
With a number of high-risk merchant account providers throughout the U.S., weight loss supplement merchants have an easier time getting approved for high-risk merchant accounts than in the past.
However, understanding merchant account jargon can be confusing in itself and determining the best option based on rates and fees can be even more so, as comparing different providers is rarely apples to apples.
And in competitive niches like diet pills and supplements, margins can be slim and every penny counts.
That’s why it’s important for diet and weight loss supplement businesses to choose wisely when selecting a merchant account provider.
At The Transaction Group, we’ve been assisting businesses of all shapes and sizes with merchant services since 2004. We’re experts in high risk payment processing and offer secure, reliable and low cost credit card processing solutions.
Through our network of banking partners, we are able to set up high risk merchants with the best solutions for their individual requirements. We offer merchant services solutions for customer-facing sales like storefront or kiosk, as well as online store sales.
If you’re just starting your supplements business, we’ll save you time and money selecting the right solution for your business. No credit card processing history required! Poor credit? Not a problem!
If you already have a merchant account provider for an established weight loss supplements business but are looking to save money over your existing high rates, let us help.
‘Apply Now’ or call us today at 888-383-8056 to get a credit card processing solution for your weight loss supplement business. Our application and approval process is fast and easy!