Similar to nutraceutical merchant accounts, it is difficult to find an affordable weight loss merchant accounts. Most acquiring banks do not like your business model and you may even suffer from a high chargeback ratio—two aspects that deem your business as high risk. However, Instabill is not like other processors. We provide weight loss businesses with high risk credit card processing services that are cost-effective, reliable, and secure.
Process Payments with a High-Quality Merchant Service Provider
Since 2001, Instabill has been providing high-quality merchant services. From merchant accounts and payment gateways to offshore incorporations and SSL certificates, we aim to be your one-stop shop for all your e-commerce needs. With more than 40 compatible shopping carts and a handful of free payment modules, you will get more than your money’s worth with Instabill. To learn more, contact us online or call us toll-free at 1-800-318-2713 today.
Payment services for weight loss merchant accounts
With weight loss merchant accounts from Instabill, merchants can accept major credit cards including Visa and MasterCard. You can also process payments in major currencies, such as USD, GBP, and euros. For qualifying weight loss merchants with a strong credit card processing history, we can provide you with a virtual terminal, allowing you to accept payments over the phone and via mail order.
High risk merchant account application process
Instabill makes applying for high risk merchant accounts easy for weight loss merchants. Along with submitting a complete application, we also require you to provide us with a handful of business documents that we will use during our underwriting process. However, you can get a head start on gathering these documents by viewing our merchant account application checklist. The more documents we receive up front, the quicker you will receive your high risk merchant account approval.
For merchants seeking online credit card processing services for weight loss supplements, you will need to provide us with all documents pertaining to the safety of your product, including safety certificates, businesses licenses, and supplier agreements. Our risk management department will also review your website and evaluate sample products before you can start processing payments.
Why weight loss is considered high risk
Every service and/or results-based business will have its percentage of customers, for better or worse, who are dissatisfied with the result, and the weight loss industry is no different. Thus, dissatisfied customers turn to their credit card issuers to dispute the transaction, claiming that the product or service did not have the desired outcome as advertised, resulting in a chargeback. Merchants need to craft their messaging accordingly, and be proactive to offer full refunds for dissatisfied consumers. It is a delicate slope, but a refund is always better than incurring a chargeback.
Prevent chargebacks for weight loss merchants
Part of Instabill’s high risk credit card processing services includes help with preventing chargebacks. Not only do we assist in monitoring for fraudulent transactions, but we also educate you in preventing fraudulent transactions as well as chargebacks. From red flag signs of fraud to smart business practices, you will soon become an expert in keeping your chargeback ratio low. Learn how to reduce chargebacks here.
On the occasion you do encounter a merchant account chargeback transaction, our risk management department will notify you and help you dispute the transaction. We will explain the reversal process and tell you what documents you will need to submit. Learn how to fight chargebacks here.
Domestic and offshore credit card processing solutions
Instabill understands the real needs of weight loss merchants, and we understand that offshore merchant accounts are often easier to acquire. For this reason, we have a variety of offshore banking partners that can approve your weight loss business for an offshore merchant account. However, for weight loss businesses based in the United States, we can help set you up with a domestic merchant account.