Nutraceuticals……What are they?
Nutraceuticals are products that provide nutritional benefits in addition to the basic nutritional value present in food. Nutraceuticals range in scope but in most cases are not regulated by the FDA bringing some backlash and instability in perceived benefits.
Nutraceuticals is a booming business
“According to a new market report published by Transparency Market Research “Nutraceuticals Market – Global Industry Analysis, Size, Share, Growth and Forecast, 2015 – 2021“, global nutraceuticals market was valued at US$165.62 billionin 2014 and is expected to reach US$278.96 billion by 2021, growing at a CAGR of 7.3% from 2015 to 2021. North America is expected to dominate the global nutraceuticals market in terms of demand over the forecast period.” Read More….
Nutraceuticals and High Risk Merchant Processing
Nutraceuticals are everywhere on the internet. Strict regulations on advertising techniques and result guarantees can definitely be a deal breaker with many underwriting banks. Many times often you’ll find yourself struggling to keep a solid, consistent paying Merchant Account. Legalities continue to restrict true nutraceauticals / nutra companies from doing what they love and are great at doing. There are many aspects of the nutra space that are misunderstood from agents and merchant account providers. One of the most concerning aspects for the merchant acquiring processing is the risk of running traffic to market the nutra product only to receive holds and delayed funding due to restrictions and concerns of the product. I have significant experience in placing nutra businesses. Not only do I have a solution for nutraceutical companies, I understand the importance of quality accounts. Don’t be fooled by referrels from online sources stating they have the perfect merchant for your solution. Nutraceauticals can be tough to place but with years of proven abilities, we at merchantmike.com can place your nutra / nutraceautical company with no problems. We can help place your nutra product with absolutely NO PROCESSING HISTORY at all! In a online space where merchants require so much documentation for approvals you can count on Merchant Mike and the solid connections we have created to place your business with the best case scenerio. Our goal is to help build you solid profits as you continue to build your business. Let’s work together and build something great.