Nutraceutical companies formulate highly advance food supplements and herbal supplement. These companies create products that can provide effective prevention against diseases and also can provide a strong fighting capability against few infections and diseases. Nutraceutical companies sell their products over the internet and also at retail locations.
As more and more people are becoming conscious about the health. They prefer to choose something which is of natural and herbal origin. Here nutraceuticals get an advantage over regular pharmaceutical products. One should always keep this in mind that nutraceutical product shall not be used in case of emergency & a patient should always contact the doctor before taking any nutraceutical product or pharmaceutical product.
Some nutraceutical products may be available without a prescription that again consuming any product should be only done after a proper analysis. Nutraceutical companies work with two different modes.
In India, this market is over 2 billion and globally across the world, this market should definitely be above 80 billion dollars. Merchant in the field of nutraceutical industry faces a couple of challenges. One of the most crucial challenges to get the high-risk Merchant account for nutraceutical business. Payment service providers or merchant acquirers prefer not to work with this industry because of multiple reasons.
Traditionally this industry has shown a much bigger chargeback ratio or returns ration. This has happened because few companies used to push the sell by using various pressure tactics and most of the times customer was not aware that he is signing up for a monthly billing. This resulted in a massive amount of chargeback.
Merchant account companies or credit card processing companies also prefer to stay away from nutraceutical industry because of the product not had been tested regular pharmaceutical product. But it doesn't mean that nutraceutical companies cannot get a solution. There are lots of offshore payment services provider or offshore payment processing companies that can offer reliable credit & debit card payment processing solution to nutraceutical business.
If you need an echeck payment processing solution or credit card processing account, you can visit our website & will be extremely glad to assist you with the same. Once you get a merchant account for nutraceutical companies.
You should ensure that you use a chargeback alert & notification service as well. With the chargeback alert & notification service, the merchant gets the notification the moment nutraceutical customers raise a dispute with a card issuer. This can help the merchant in reducing future chargeback. The merchant can reship nutraceutical product or the herbal supplement product & resolve the dispute with the customer or the merchant can also issue a refund. For more information, visit our website i.e Quadrapay.
As more and more people are becoming conscious about the health. They prefer to choose something which is of natural and herbal origin. Here nutraceuticals get an advantage over regular pharmaceutical products. One should always keep this in mind that nutraceutical product shall not be used in case of emergency & a patient should always contact the doctor before taking any nutraceutical product or pharmaceutical product.
Some nutraceutical products may be available without a prescription that again consuming any product should be only done after a proper analysis. Nutraceutical companies work with two different modes.
- The first mode is a direct sales mode where they have their own brand name and they target the market by promoting their brand.
- The second mode is white label nutraceutical sale. Large nutraceuticals companies offer with private label products to different companies. These large companies handle their production and sometimes also handle the shipping of the product. The other company manages sales and marketing of the brand.
In India, this market is over 2 billion and globally across the world, this market should definitely be above 80 billion dollars. Merchant in the field of nutraceutical industry faces a couple of challenges. One of the most crucial challenges to get the high-risk Merchant account for nutraceutical business. Payment service providers or merchant acquirers prefer not to work with this industry because of multiple reasons.
Traditionally this industry has shown a much bigger chargeback ratio or returns ration. This has happened because few companies used to push the sell by using various pressure tactics and most of the times customer was not aware that he is signing up for a monthly billing. This resulted in a massive amount of chargeback.
Merchant account companies or credit card processing companies also prefer to stay away from nutraceutical industry because of the product not had been tested regular pharmaceutical product. But it doesn't mean that nutraceutical companies cannot get a solution. There are lots of offshore payment services provider or offshore payment processing companies that can offer reliable credit & debit card payment processing solution to nutraceutical business.
If you need an echeck payment processing solution or credit card processing account, you can visit our website & will be extremely glad to assist you with the same. Once you get a merchant account for nutraceutical companies.
You should ensure that you use a chargeback alert & notification service as well. With the chargeback alert & notification service, the merchant gets the notification the moment nutraceutical customers raise a dispute with a card issuer. This can help the merchant in reducing future chargeback. The merchant can reship nutraceutical product or the herbal supplement product & resolve the dispute with the customer or the merchant can also issue a refund. For more information, visit our website i.e Quadrapay.
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