Nutraceuticals are prominent products in today’s society. As the world’s nutraceutical market is expected to reach $279 billion by 2021, it is an industry that many people are diving head first into. But what exactly are nutraceuticals? Nutraceuticals are products derived from food sources that provide extra benefits- like chronic disease prevention, better health, slower aging, and more. Although the industry is booming, it is still considered very high risk due to poor regulation, the “free trial” business model, shady business practices, and high transaction volumes- all which lead to a high charge back rate. Bankcard Brokers specializes in high risk merchant accounts and can help your nutraceutical company today.
Infographic Source: http://www.bankcardbrokers.com/nutraceutical-merchant-accounts/