What is an Online Pharmacy?
Online pharmacies operating online require robust financial services for payment processing, given the increasing trend towards online purchases. However, securing reliable and affordable merchant services has proven challenging due to stringent regulations and restrictions. Many in the industry have turned to echeck payment processing services due to the scarcity of accessible merchant accounts.
A common approach for online pharmacies is to utilize aggregated merchant accounts, akin to eWallet systems like Stripe, to blend transactions and remain relatively inconspicuous. Although this method may extend operational longevity compared to dedicated merchant accounts, it comes with significantly higher costs and delayed payouts. Nonetheless, for some businesses, it remains the most practical solution available.
Why Online Pharmacy Merchants need to apply for a Merchant Account
Are you Eligible for an Online Pharmacy Account?
IntegralPay tries to be as flexible as possible with our clients. We consider each application based on the circumstances of the business owner. You will receive fair treatment throughout the review process.
Do you have questions about our review process and merchant account eligibility requirements? If so, contact our team to have all your questions answered.
Supporting Documents Checklist
- Drivers License or Government Issued Photo ID
- Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
- Voided Check/Bank Letter
- 3 Months Bank Statements
- 3 Months Processing Statements (if available)
- Articles of Incorporation
- Fulfillment Agreement
- Compliant Website
- Necessary Permits & Licenses for your Online Pharmacy
Additional Requirements
Merchant accounts for this business category are only available for merchants based in the United States