The nutraceutical industry has seen astonishing growth in the last few years, with an estimated revenue forecast of $722.5 billion by 2027. Despite the increasing market, selling nutraceutical products online can be difficult without the proper payment processor. As a high-risk business, you need a merchant account with a provider that’ll keep you operational and compliant with all regulations. AllayPay is here to help with our growing network of banks and financial institutions that we know won’t immediately turn you down, your business will be able to get started or continue accepting card payments and processing them with easy-to-use technology and services.
How to Apply for a Nutraceutical Merchant Account
To apply and get approved for a nutraceuticals merchant account with AllayPay, you’ll need specific documentation to begin your application process. Here is what you’ll need:
- Driver’s license, or valid government ID
- Last 3 Months’ Business Bank Statements, if available
- Last 3 Months’ Processing Bank Statements, if available
- Additional support may be requested
How AllayPay Can Help
With nutraceutical products rising, getting access to several markets will be a top priority for your business. With AllayPay, we know the industry and can integrate a payment gateway that will work for you.
Most merchant accounts you try to set up will have a long process, only just to be turned down at the end because you sell nutraceutical products.
When you have a partner like AllayPay who understands the industry, we’ll help you so you don’t have to bend over backwards to set up your account.
Within 24-48 hours, we’ll be able to integrate our payment process platform with any third party gateway, so you can get your business up and running as quickly as possible.
Not only that, but we stay up-to-date on all compliances and rules set by the bank to ensure your account doesn’t get shut down.
Starting Your Payment Approval Process with AllayPay
Getting started with AllayPay takes only a few simple steps. By following these instructions, you’ll be on your path to securing online and in-store payments for nutraceutical products.
- Fill out the quick pre-application form online.
- Our sales representative will get in contact with you immediately to finish your application process.
- Take a break while underwriting does its process. This typically takes about 24-48 hours.
- After our staff has approved your application, we’ll contact you to get started on setting up your payment gateway and card present merchant account for your business.
Process With Us Today
Don’t waste any more time trying to find the right solution. Regardless of your industry, poor credit, or lack of payment processing history, we’ll work with you to get you on track for quick and efficient payment processes.