Nutraceutical merchants offer healthy solutions to customers. The diet and nutrition business segment is expanding as people seek to live healthier lives. Whether you offer food, beverages, skin care products, or other solutions, this is a business that cultivates loyal customers and repeat purchases.
Nutraceutical customers seek natural remedies to their health issues, and they prefer to reduce the amount of chemical medicine that they use. If you provide natural health products, you have probably found a steady customer base.
However, you might not see the same loyalty from merchant account providers.
Challenges of Opening a Nutraceutical Merchant Account
While your business may be attractive to consumers, it is not always attractive to banks. Banks see little government regulation and interpret this as risk. They see regular subscriptions and interpret this as chargeback potential.
In addition to these challenges, some nutraceutical merchants have offered fraudulent products, giving the whole business segment difficulty in establishing a good reputation. This can be a frustrating hurdle to overcome for the honest merchant.
CDKPay can help you get past these issues and find an affordable credit card processing solution from a bank that understands your industry.
Nutraceutical Credit Card Processing with CDKPay
Choosing the right bank is one of the most important steps in this process. If you start with the right financial institution, you won’t experience the hassle of going from bank to bank to find approval.
CDKPay is experienced with nutraceutical merchant accounts, and we work with a wide network of banks.Our expertise will eliminate trial and error, as we will match your company with a bank that understands your business model.
Low Rates that Help You Stay Profitable
Getting approved for an nutraceutical merchant account will not help if you have to pay ridiculously high rates. CDKPay has established relationships with the right banks to bring you affordable rates. Most of our clients are able to attain low rates for credit card processing, some even as low as 2.95%.
Establish Long-Term Credibility
There is more to being a successful nutraceutical merchant than getting approved with good rates on the front end. Chargebacks and instances of fraud can damage your credibility and cause a rate increase. Persistent problems can even cause you to lose your account. At CDKPay, we help you prevent chargebacks by monitoring and preventing fraud from happening, helping you to successfully process payments through your nutraceutical merchant account.
Nutraceutical Merchant Account Application Process
- We will contact you to discuss your needs in detail and make sure that we understand your unique nutraceutical business model.
- The experience and expertise of CDKPay is used to find the right merchant account provider, and we help you begin the application process.
- Once the application is approved and an agreement is signed, you are ready to take your nutraceutical merchant account live to begin payment processing!
- CDKPay is available to you for ongoing support. We offer responsive customer service so that you can run your business with ease.
CDKPay can help you with payment processing solutions that are reliable and affordable for your business.