Update :- Currently we only offer e-check solution to Pharma Merchants. Also the merchants are not allowed to sell any controlled substance. Merchant should not sell any medicines that are prohibited or restricted by national or international agencies. Approval is subject to the underwriting team of the the e-check processing company. We are not the processors . We are the sales agent for the e-check processing company

High Risk management accounts by their very named will always be treated with a degree of caution by the banks and other financial institutions but they are manageable nonetheless. As evidence shows however where the identity of customers can not be verified banks will be extremely cautions and may refuse applications as a result in lower those risks. The primary risk factors which are taken into account tend to be the potential of fraudulent transactions and charge-backs. Further more banks and financial institutions will classify merchant accounts based on the risk factors involved.

How Online Offshore Businesses have become profitable source of Income?

Nowadays, online offshore businesses have become widely acceptable as a profitable source of income. The concept of online offshore business is quite simple. A commodity that is expensive and rare in a particular country might be cheap and abundantly available in another country. So, an online merchant arranges for the transfer of this commodity to customers who are in need of this product. Thereby, the customer is able to get the product easily and rather inexpensively than that he could have purchased from his own country. The US and UK governments have imposed restrictions on the trade of pharmaceutical products considering security reasons. This has resulted in inflated prices of pharmaceuticals within these respective countries.

Online pharmacy merchants have identified the potential profit that is hidden in these countries. They have pharmacies based on countries where the cost of manufacture and trade are rather less compared to the US and the UK. So, all they have to do is arrange for proper transfer of the pharmaceuticals from these countries to potential customers in the US and the UK. But this online offshore business poses an eminent flaw. In these transactions there is no security that the customers are dealing with legitimate suppliers and vice versa. Hence, the quality of the products obtained is always a concern for the customer. The Worldwide Web is filled with money thirsty hyenas who will stop to any extent to get a chunk out of your hard-earned money. Also, there is the possibility that some frauds might pose as a potential customer and acquire the pharmaceuticals and sell them in the market illegally.

All these risk factors included have made banks and financial institutions to classify online pharmacy credit card processing as high risk merchant accounts, Therefore, these online pharmacy merchants find themselves in a hard position to find a credit card processor to look after their online transactions. If, they go ahead with the wrong international bank or credit card processor, they will see themselves out of the business very soon. So, this is a delicate area which requires much attention and research. Today there are many high risk merchant acquiring banks that offer merchant accounts for online pharmacy credit card processing. If, you can convince these banks that you are a legitimate online pharmacy merchant, setting up and online pharmacy credit card processing account is very easy.

In cases where the merchants conduct an inbound or outbound telemarketing business that sells pharmaceuticals over the phone, acquiring a merchant account can get a bit difficult, but is not impossible. Summing up, things have improved now enabling an online pharmacy merchant to run his business hassle free in terms of establishing his merchant account. Pharmacy merchant accounts are a type of high risk merchant account, because of the high risk of fraudulent transactions, most banks and credit card companies are cynical in granting these businesses a standard merchant account. But because having a solid online financial system is vital for the online pharmacy to survive and grow, a business owner must get a pharmacy merchant account, This is being offered by some merchant account providers.

Online Pharmacy Merchant Account for startup

Getting an online pharmacy merchant account for a startup can be extremely challenging because the industry is considered High Risk. Most of the domestic payment services providers will not be interested in on-boarding a startup pharmacy merchant. Merchants can have better chances if they apply with an Offshore merchant account provider. Any pharmacy which is involved in selling controlled or Prescription Medicines will find it really hard to get a Credit Debit Card processing solution. Legal pharmacies selling non-controlled and non-prescription medicines can find some solutions from Offshore payment service providers.

Pharmacy merchants should have a proper website with all the medicines listed with the detailed chemical compositions. The underwriting team at the payment processing company analyses the entire website and does various background checks before approving a Pharmacy merchant account for a Startup business. The easiest option for a pharmacy merchant to accept payments is an e-check solution.

The website of the online pharmacy business must display all the policies and terms. The merchant should never miscode their business type. Miscoding is a criminal offense and we do not encourage that. Over the years we have seen that the approval of a Credit Debit Card Solution for online pharmacy has come down drastically. There are many successful online pharmacies utilizing e-check solutions. E-check payment gateway or merchant account for start-up online pharmacy is easy to get and offers faster payouts. The Rate of Transaction for online pharmacies can range from 7% to 13% with the Rolling Reserve of 10% for 180 days. The Merchant can be located almost anywhere except few countries. The Merchant must have a supplier agreement and should have all the legal documents required to run this business type. Merchants must have a registered business with a corporate business bank account. The payment services provider may ask for multiple IDs and address proof of all the directors of the startup online pharmacy business.

The Merchant can integrate the payment gateway to the website by utilizing the API information. The customer details are securely transferred to the payment service providers by utilizing a high level of encryption techniques. The time frame required for the approval of a high Risk Merchant Account or Credit Debit Card processing solution typically ranges from 5 working days to 15 working days. The approval time frame is a lot lesser for e-check. If, the merchant has previous processing history with reliable and recognized processor when the merchant can get lower transaction rates and also expect fast payouts. Under no condition, the merchants should use the payment processing solutions sell any control medicine or substances. In case, if the payment service provider realizes that any unlawful activities a performed by the merchant then the merchant account can be terminated without any prior notice. The Merchant can also be reported to various card associations by the payment service provider.

Before selling any new medicine the Merchant must check all the local and international regulations on that medicine. In case if that medicine is prohibited anywhere in the world when the merchant should refrain from marketing or selling those products. Merchants can also check the FDA website for the list of prohibited medicines.


What is better is that a pharmacy merchant account can enable you to make tax-free transactions in certain places especially if your pharmacy is based offshore. This means cheaper medicines for the consumer and higher profit for the business owner. This is a win-win situation for both the consumer and the business owner, No wonder that online pharmacies are doing great! Getting a pharmacy merchant account has so many advantages: fraud protection, increased client base, satisfied customers, timely and accurate financial transactions, cost efficiency and hassle-free transactions. Every online pharmacy must have a pharmacy merchant account if it wants to be the leader in the industry.

What Pharmacy Merchant Should have before started online рhаrmасу site?

When a pharmacy merchant launches an online pharmacy site, he should have a pharmacy merchant account in order to receive credit card payments from his clients. Such an account is likely to handle a number of financial transactions. It should belong to a trustworthy institution which would not only process the payments in time but would also safeguard the personal account details of the pharmacy merchant.

What are the guidelines for Pharmacy Merchant Account?

A pharmacy merchant has to open a high risk merchant account, he should follow certain guidelines which are related to the opening of the account. One of the first recommendations which are made to the pharmacy merchant in this regard is to assertion his expect requirement from a credit card processing solution. This should be done by assessing the processing requirements as well as the volume of processing since some providers place limits on the volumes of such accounts.

Is Pharmacy Website Designing Expensive?

While designing a pharmacy website, one should be realistic about the expenses involved. Among other things, these expenses include very high fess which are incurred for opening a high risk merchant account and these should be taken into consideration by the pharmacy merchant especially while putting forth one’s profit projections.

How to find a perfect account provider?

Since Internet is one of the most common tools for research and information nowadays, one would find a number of general credit card processors but it is equally important to remember that not all of them would be willing to open an account for a pharmacy merchant. Therefore, the search for a perfect account provider could prove to be time-consuming as well as tedious. Having short-listed a few institutions, it is strongly recommended that must appraise the reputation of the company before making the final decision. This can be done by ascertaining the duration for which the institution has been functioning, whether it has any previous financial and banking background and what has been its progress in terms of growth ever since it started out. Comparison between the various providers is a time-tested method of selecting an appropriate provider and an important yardstick for conducting comparisons between the various companies is the time taken for them to reply to a simple query sent by the customer. After having selected a provider, the pharmacy merchant should be prepared to come forth with all the personal as well as financial details about himself as well as his company. In addition, he should read the document provided to him thoroughly so as avoiding controversy and misunderstanding at a later stage. Unfortunately, because a pharmacy merchant account is a high risk merchant account & getting it is not as easy. Also, some merchant account providers are known to charge very high fees for this type of service.