Traditionally businesses considered to be high risk by banks have a difficult time securing a merchant account. Credit card processing for non-controlled pharmacies fit this bill perfectly. Although non-controlled pharmacies are one of the fastest growing online businesses, getting up and running with credit card processing is not so fast. Newly established non-controlled pharmacies are finding out quickly that the road can be rocky.
Regardless of the fact that these businesses are legal and the medication for sale has been deemed safe by the US Food and Drug Administration, non-controlled pharmacies are listed in a special category and face many restrictions and specific terms. In addition, banks are wary of charge backs, scam sites, and safety in protecting personal and financial information.
The Transaction Group (TTG) has been providing merchant account solutions for high risk businesses since 2004. We have banking partners throughout the world and are able to provide the best solution and best rates for your business. Credit card processing for non-controlled pharmacies is one of our specialties. We can help your non-controlled pharmacy reduce charge back liability and fraud through a variety of fraud protection and charge back prevention methods.
TTG can provide virtually unlimited monthly volumes. We provide our high volume merchants with a proprietary load balancing gateway that allows us to load multiple MID’s, or merchant accounts into one gateway. Your transactions will be automatically spread out across multiple merchant accounts, which allows for higher volume and reduced liability for funds being held in risk and reserve.
We also provide a “soft call” verification program for our online pharmacies that can virtually eliminate fraud issues. Our processing department will contact every customer and verify the shipping and billing addresses. The simple, non-intrusive verification process ensures that your online pharmacy will not be the victim of fraud.
If you are just starting your non-controlled pharmacy, facing challenges obtaining a merchant account, or simply looking for better rates, TTG can help.
Questions? Need additional information?
Call us at 888-383-8056 OR fill out our contact us form and we will follow up with you immediately.