Nutraceutical Merchant Account Solutions for a Supplement Business

Strategic targeting is part of being an excellent entrepreneur. You target the right market at the right time, with the right tactics, and you almost definitely have it!

Most, if not all, Americans will willingly spend some dollars on their health and wellness; and entrepreneurs who look in that direction will most likely succeed.

People in the U.S. are dropping traditional medicines for alternative medications like nutraceutical supplements— a sector looking at 375 billion dollars by 2025.

And many buyers are savvy; they know exactly what they want. For instance, while other forms of nutraceuticals exist, many consumers will likely ask for fat-soluble supplements—unless they are after the vitamins in fat-soluble types like (B and C).

To sell these vitamin supplements, you need a Nutraceutical merchant account that holds the money you collect from customers before transferring to your business account.

Why are Fat-soluble Nutraceuticals & Why Focus on Them

Fat-soluble supplements carry the vitamins A, D, E, and K that matter most to the body in controlled quantities.

Animal foodstuffs are the richest natural sources of these vitamins. Consumed from animal foods, they enter the bloodstream faster than when ingested in fats.

The body relies on these vitamins for different vital roles. But you will rarely find them in the food you buy in public.

You will most likely find other fat-soluble supplements in meals, but Vitamin D is rare in diets— which is why people go for these supplements.

Your Nutraceutical Business Checklist

You’ll need a Nutraceutical Supplement merchant account to process payments, but you’ll break some sweat to get one because banks consider Nutraceutical-related businesses high-risk.

That means you won’t enjoy the standard low-risk payment processing as other less-regulated industries.

Furthermore, due to unmet expectations, not all of your customers will be happy with your products. And banks shy away from you if you’re prone to chargebacks or reverse charges.

All these and the fact that nutraceuticals don’t have a strong scientific backing makes these businesses are a no-go-zone for banks.

So your best option lies with high-risk merchant account providers. If you have everything in order, these service providers will see that your business begins processing payments ASAP.

Here’s how to set up a fat-soluble Nutraceutical store.

1. Identify a niche

Don’t start without identifying a target market. Conduct thorough research to discover a ready market.

2. Choose a Product type.

You can offer one or all of these nutraceuticals: minerals, prebiotics, vitamins, probiotics, fat, and antioxidants.

3. Offer unswerving Customer support.

Preferably, go for live chat to maintain active interaction.

4. User-friendly website.

Work towards hassle-free navigation, easy product search, and a stress-free checkout process.

5. Use eye-catching product designs.

 Looks matter. Design and flaunt attractive packaging for your products on a user-friendly website.

6. Seek FDA Compliance.

Customers will check. Make sure you seek certification from the Food and Drug Administration.

Lastly, you want to search for the right merchant services and payment processing solution for your nutraceutical business.

Understanding the Role of Supplements – Do They Help with Diet Plans or Exercises?

It’s no surprise that keeping fit and losing excess weight remains many people’s goal this year as it has been for years. Even though one can achieve both of these objectives by maintaining a wholesome diet and regular exercises, most opt for dietary supplements to help complement their routines.

Most supplements are bought online from Nutraceutical merchant account holders and are believed to aid the body in many ways.

But what’s the role of supplements in the body? How effective are they? And, what are the ingredients used in dietary supplements? Do they encourage fitness and loss of weight?

Dietary supplementation designed for physical exercises constitutes ingredients —known as ergogenic aids— that is believed to boost strength, increase endurance, and add to workouts’ efficiency. In short, they help you meet a performance goal much faster and enhance your tolerance for intense routines.

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However, you can never replace a dietary supplement meant for exercise with a healthy diet. While a few may prove handy for specific activities, others won’t work, and some may even harm you.

Some of the most common ingredients found in dietary supplements include caffeine, antioxidants, beetroot, protein, creatine, tart cherry, and some amino acids.

For instance, creatine is suitable for an individual looking to develop short bursts of high-intensity exercises like lifting weights or sprinting. Still, it isn’t the best for endurance routines like swimming or long-distance running.

On the other hand, though antioxidants like vitamins C and E do not improve physical activity in any way, your body needs them in small amounts to better your overall health.

Over two-thirds of U.S. adults are either overweight or struggling with obesity, and a majority is making an effort to lose excess pounds. It’s no wonder experts have come up with ‘dietary supplementation for weight loss’ to guide people on the many existing options in the marketplace. And we expect to see more dealers open a Nutraceutical merchant account to make sure they are trading within the law.

While America spends $2 billion or more per year on dietary supplements meant for weight loss, there’s no sufficient proof that these products work. And it’s disappointing to reveal that many manufacturers do not even carry out thorough studies on human anatomy to confirm if their product is authentic and safe.

The most common ingredients for weight-loss supplementation include the African mango, garcinia, beta-glucans, hoodia, Chromium, raspberry ketones, and green tea. Although Chromium is a safe option and may help one lose a few pounds of body weight and fat, there are no facts to back raspberry ketones’ safety or effectiveness. Similarly, a cup of green tea won’t do you any harm, but consuming green-tea extracts may lead to liver damage.

A Spotlight on the Nutraceutical Merchant Account Holders: Streamlining the Market

Not all Supplements bought online are legit. In 2018, seven democratic senators launched legislation to slow down the “revolving door” between major pharmaceutical firms and federal bureaus like the Drug Enforcement Administration (DEA) that control them.

This meant trouble for market giants and startups still struggling to join the vitamin supplement sector due to the industry’s risky nature.

Senator Tammy Baldwin, the bill’s sponsor, said that the pharmaceutical industry has a deep-seated and robust influence in states like Washington. This “revolving door” between the State and drug companies can’t compromise the well-being of innocent citizens.

The law would entail a two-year “slowing down” span on ex-officials from the Food & Drug Administration (FDA) and the Drug Enforcement Agency, preventing them from supporting pharmaceutical companies with “lobbying efforts.”

The bill further defines “lobbying contact” as participating in activities like strategy sessions and has a cap on the number of issues pharmaceutical industry executives and Nutraceutical merchant account owners can take part in if they become part of the federal government.

Time and again, we’ve seen several corporations hire federal staff from the government, and industry executives get to top ranks in the government.

Representatives of the pharmaceutical industry stated that they depend primarily on the ex-federal officials’ skills to manage the complex nature of their field and abide by the complex drug regulations.

Another interesting restraint of the bill is a lifetime veto on taking part “in person and substantially” on a “specific matter” that the officer had been involved with while working for the United States Federal Government. This regulation has been put in place to avoid possible conflicts of interest.

The proposed law comes after a Washington Post, dabbed “60 Minutes” launched an investigation into the impact of the opioid on Washington.

It’s perplexing how firms behind the production and distribution of highly addictive painkillers have hired many top officials from DEA, most of them from divisions that regulated the same companies they currently work for.

This practice began a decade ago when DEA investigators initiated a crackdown on major drug companies that allegedly failed to account for strangely large pain reliever orders, many of which landed in the black market.

Ever since Nutraceutical merchant account owners and their representing law firms have at one time or another hired not less than 46 DEA officers — 32 taken into service directly from the government agency’s division that controls the corporation.

But thanks to this legislation, things may better for the public if it passes. “The public needs to have trust that the FDA and DEA are here to serve their interests and not that of Washington’s bigwigs,” said Baldwin.

Conclusion

It’s recommendable to consult an expert before starting on a supplement to ascertain that whatever you intend to use will lead you to your expected achievement. Remember, not all of them will fit your individual needs.

Nutraceutical merchant account holders must provide factual information about their products to help them find whatever they need.