“Get More for Your Money with Our Pharmacy Merchant Account Packages”
Looking for a reliable and affordable payment processing solution for your pharmacy business? Look no further than our customizable merchant account packages, designed to fit your unique needs and budget.
Are you the owner of an online pharmacy website? Do you wish to accept online payments for medicine sales? If yes, then QuadraPay will assist you in getting a stable pharmacy payment gateway. Our offshore pharmacy merchant account is a good fit for businesses of all sizes.
Start saving on payment processing fees today! Sign up for our pharmacy merchant account now.
Although online pharmacy is a high-risk industry, there are stable offshore solutions available for businesses that qualify under the underwriting criteria. Our team will work with you throughout the process.
You can contact us today via the short pharmacy merchant account form. Our team will contact you and provide you with reasonable payment gateway solutions. Apply today to get a high-risk merchant account for an online pharmacy.
The approval timeline depends significantly on how fast the merchant responds and the required KYC documents. Here are a few solutions and their tentative approval timelines:
This solution is best for domestic merchants with existing processing statements. It may not be a good fit for startup merchants.
This solution is fit for large-volume merchants that require various payment modes.
This is the quickest solution, and we can get most merchants approved within 48-72 hours. This solution comes with a Pharmacy Virtual terminal and API.
QuadraPay is proud to offer credit card terminals to retail pharmacies in the USA, India, EU, and UK. Our terminals are designed to make the checkout process fast, secure, and hassle-free. With our state-of-the-art technology, you can accept all major credit and debit cards, ensuring that your customers can pay in the way that’s most convenient for them. Plus, our terminals are easy to set up and use, so you can start accepting payments in no time. Whether you’re a small independent pharmacy or a large chain, QuadraPay has the perfect solution for your business. Contact us today to learn more.
The document list varies depending on the type of medicine sold, country of business registration, and target nation. Here is an essential list of documents:
Business License
Copy of national ID of all the owners
Copy of address proof of owners
Utility bill of all the directors
Cancel check or letter of good standing from the corporate bank
An online pharmacy is a website where people can buy medicines. They display the entire list of medications for sale, and customers can create a username and password before ordering. Customers make their selection and checkout by filling in the required information, and the shopping cart sends the order information to the customer in email format. After the transaction, money from the credit card goes to the pharmacy merchant account, and a registered pharmacist checks the prescription before shipping the medicines to the buyer.
To start an online pharmacy business, the website should list all medicines for sale, be SSL protected, have an accurate drug description, a registered pharmacist, and necessary government and business licenses.
To integrate the pharmacy payment gateway, you can use the API to create a payment form and integrate it onto the shopping cart. You can also use the virtual terminal or MOTO by putting the transaction into the VT inside your merchant account panel.
To maintain your pharmacy virtual terminal for the long term, you must avoid chargebacks and stay within the prescribed chargeback limits of the processor. The chargeback ratio should be below 1%, or there are chances of account shutdown.
Every high-risk business, including online pharmacies, has to accept a rolling reserve to help payment processing companies pay for future chargebacks. The rolling reserve is only offered to physical stores selling medicines face-to-face.
The order processing on a pharmacy echeck account involves several steps, including filling a form, voice verification, transaction processing, and shipping the medicines. People buy medicines from online pharmacies for ease of purchasing from home, cheaper medicines, no face-to-face interaction needed, and faster order processing.
To reduce high chargebacks, merchants should ship genuine products and ensure on-time delivery. Pharmacy merchant accounts are considered high-risk due to the impact of medicines on physical and mental health, and governments’ strict policies for pharmacies. Our solutions are for legal pharmacies only.
