Instabill merchant account solutions are customizable and ideal for any legal pharmacy business. For more information on how you can apply for an Internet pharmacy merchant account, call us toll-free at 1-800-318-2713 or contact us online today.
Click the drop-down boxes below to learn more about our pharmacy merchant account services.
The time that it takes for a pharmacy merchant account approval varies with each type of solution Instabill offers:
Instabill merchant account managers are available for a consult by clicking the live chat button below or calling 1-800-318-2713. Instabill offers numerous merchant account solutions for online pharmacy merchants in several categories:
Instabill supports business growth for legal online pharmacy merchants. However, we do not work with businesses that sell controlled prescription drugs. Some prohibited pharmaceuticals include:
It is imminent more than ever for businesses to keep chargebacks at a minimum since Visa’s announcement in December regarding its new chargeback and fraud thresholds.
Two types of chargebacks are common in the online pharmacy industry:
Customer Dissatisfaction: When a consumer purchases pharmaceuticals online and is dissatisfied with the product for any reason. Instead of contacting the the pharmaceutical merchant for a refund, s/he contacts their credit card issuer and files a chargeback.
Friendly fraud or chargeback fraud: When a consumer purchases pharmaceuticals online with his/her credit card, receives said pharmaceuticals, then notifies the credit card issuer that he never received them.
Internet pharmacy merchant accounts are classified as high risk because of the very nature of the business: The online, card-not-present sale of narcotics.
Additionally, internet pharmacies often draw high chargeback rates and instances of friendly fraud, the combination of which makes acquiring banks leery of taking monetary risk.
Instabill copywriters blog regularly on preventing, mitigating and even reversing chargebacks.