A provider of high risk merchant services since 2001, Instabill is offering additional payment processing options for nutraceutical merchant accounts. Instabill’s new international banking solution includes many perks, such as:
- Solutions for startups
- Free trials
- Unlimited volume
- Recurring billing
Rates for Nutraceutical Merchants
‘So, what are your rates?’
It is usually the first question we get. In most cases, rates vary from merchant to merchant and are contingent upon factors such as processing history and the merchant’s financial history. Instabill’s new option for nutraceutical merchants is a fixed rate.
“This is a proven solution that is black and white,” said Instabill Sales Manager Wendy Jacques. “The payment gateway works and merchants can integrate.”
Why Are Nutraceutical Merchant Accounts Considered High Risk?
There are a number of factors that make the nutraceutical industry high risk – mainly chargebacks – particularly when a merchant is offering free trials.
When a merchant offers free trials, it increases the frequency of chargebacks which banks frown upon. Consumers accept the free trial – for example, 30 or 60 days – then, if dissatisfied, forget to notify the merchant. As a result, the consumer is billed for a product s/he doesn’t want, and therefor files a chargeback with her credit card issuer.
To combat chargebacks, it takes a significant amount of effort. Instabill offers a free online guide on chargeback education, mitigation and even reversing them.
Talk to Instabill Today
Nutraceutical merchant accounts can be difficult to find, but Instabill has solutions that come with our usual benefits: live customer support and consultation, free payment gateway integration and chargeback mitigation. Speak one-on-one with a merchant account representative today at 1-800-318-2713 or by clicking on the live chat option below.