Discover How Merchant Account Can Help Your Online Pharmacy Business

Operating an online pharmacy business that does not accept credit card payments leads to the dramatic loss of customers, as the majority of online shoppers prefer making purchases with the help of their plastic cards.

Look at the statistics given by the Federal Reserve:

-About 75% of all United States families carry credit cards; over 50% use more than two cards.
-An average U.S. consumer has about four cards: 14% of all consumers have over ten cards.

These statistics shows the importance of merchant accounts for online businesses. If you want to hold leading positions in the competition of modern e-commerce business world, opening a merchant account can be one of your wisest decisions, as it will allow you accept credit card payments from your customers.

The ability to process online payments is crucial for the successful development of your pharmacy business. Customers will make more purchases from you if you provide them with a convenient and secure way of purchasing products at your web store. By accepting checks and money orders only, you will put off those buyers who are in a hurry and want to complete their purchases right away.

The main advantage of online shopping is that people can order cheap pharmacy products from the comfort of their homes. The majority of customers wants to get their products quicker, and in most cases is not willing to waste time writing and mailing checks.

Thus, by offering people more paying options you will attract new buyers and consequently increase you customer database. This will result in higher volume of sales. By automating your online payments, you will provider buyers, which want to make purchases without delay, with fast and convenient paying method. Once the order process is completed, a customer will get an invoice for his/her purchase or a digital receipt.

Credit cards processing service you will get with opening a merchant account will be beneficial not only for your clients, but for you as well. Just think, how much time it would take to process all your orders manually, without an online order system?

By opening a merchant account for your online pharmacy business, you will get:

•secure order forms
•ability to manage unlimited number of orders
•high-quality 24/7 customer services,
•Professionally looking templates that can be customized to match your webpage

as well as:

•Provide your customers with quick and convenient way to pay for your products.

To open an account you need to apply to a bank or any private credit card processing company. Banks usually have strict demands to their applicants and unfortunately, not all of them get approved. Thus, to get quick approval it is better applying to private merchant account providers.

Most of merchant account providers offer high quality customer service and are available 24 hours a day, 7 days a week. The competition on this market is rather tough, so finding a reliable provider will be not difficult.
Industry type Rates Industry type Rates
E-commerce from 2.8% Nutra/Herbals from 4%
Adult from 4% Regulated Forex from 5.5%
File sharing systems from 4% Dating from 4%
Crypto from 4% Licensed Gambling from 4%
Downloads from 7% Replica from 8%
Travel from 4% Pharmacy from 8%
CBD from 7% Kratom from 7%
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