What to look for in an online pharmacy merchant account.

If you’re running an online drug store, you want a payment technology partner that understands the unique challenges that come with operating a mostly or exclusively online business. You’ll also want to partner with a provider who:

Offers Offers high approvals for online pharmacy merchant accounts.
Has Has experience providing cost-effective solutions to hard-to-place businesses.
Can Can provide the latest payments hardware and ecommerce POS software.
Offers Offers solutions to prevent fraud and reduce high chargeback ratios.
Provides Provides a high level of customer care and technical support.

Why choose HBMS as your payment processor?

When you choose Humboldt Merchant Services as your online pharmacy merchant account provider, you get so much more than just a way to accept online credit card, debit card, and ACH payments. You’re getting a proven partner who knows the unique challenges that come with running an online pharmacy.

Why do I need a pharmacy merchant account?

Any merchant in the online drug store or pharmacy business can benefit from securing an online pharmacy merchant account. Once in place, this merchant account allows you as a pharmacy merchant to securely accept payments, both in-person and online, through a secure payment gateway.

By expanding the pharmacy payment choices you offer to include credit and debit cards, you’ll attract newer and younger customers who are comfortable with and have grown up making payments online. Even better, the right online pharmacy merchant account provider will also give you access to the data you’ll need to make informed decisions about your business while simplifying your customer, employee, inventory, and chargeback management.

Requirements for online pharmacy card processing.

To secure your online pharmacy merchant account, you’ll first need to partner with a payment processor with experience partnering with hard-to-place or specialty businesses. That payment processor will have a list of documents you’ll need to provide before approving you through their access to sponsor banks who approve specialty merchant accounts. Be advised that even after you’ve provided all the required paperwork and been approved, you’ll still be required to comply with any pertinent governmental regulations.

Why are online pharmacies considered specialty merchants?

For starters, selling any product predominantly online offers the potential for you to be labeled as a specialty or hard-to-place merchant. That’s because when you accept credit card payments online, the card is not present, which leads to higher chargeback rates (when a customer disputes a transaction with their card-issuing bank) and increased risk of fraud. Other reasons running an online pharmacy places you in the hard-to-place or specialty category are the following.

The The heavily regulated nature of the industry.
The The presence of pseudo-pharmaceuticals and counterfeit
Don’t worry: Being labeled a specialty business doesn’t mean you can’t secure an online pharmacy merchant account. It just means you need to partner with the right payment processor to get approved.

Secure the online pharmacy merchant account you deserve.

Our payment solutions are the perfect prescription for higher profits!

Click above to enter your information and a payments expert will contact you, or call 877.840.1952.

877.387.5642
1600 N Desert Dr #101, Tempe, AZ 85281

To learn how Humboldt can give you the peace of mind of safe and secure, hassle-free payment acceptance, simply enter your contact info below and one of our payments professionals will be in touch as soon as possible.