What are Nutraceuticals?
Nutraceuticals are items with health claims that might not be supported by the government or professional medical organizations. This covers vitamins, creams, diet items, and even supplements. It can also be described as a food or component of a food that supposedly has therapeutic or health advantages. Over the past decade, many nutritional and health conscious nutraceutical companies have emerged to provide and supply the demand for these supplements. Nutraceuticals, unlike many other segments of the healthcare industry, have little government regulation and oversight. As a result, many different manufacturers have taken advantage and sold products and companies, often affiliate marketing websites, selling them under false pretenses and presenting their products as fraudulent. These issues tarnished the industry’s reputation and labeled it as high risk among payment processors, making it difficult for online food retailers to find credit card processing.
Why Nutraceutical Merchants need to apply for a Merchant Account
Are you Eligible for a Nutraceutical Merchant 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