All You Need To Know About Health & Beauty Payment Processing

Are you a business in the beauty and health industry looking for a merchant account that will allow them to accept credit card payments? Unfortunately, many of the major banks that are involved in this industry do not provide the services that are needed to support established companies and entrepreneurs.

Xccept takes a different approach when it comes to providing financial services to small and medium-sized businesses. We focus on providing the necessary services while also scaling to meet the demands of larger companies. This allows us to provide a superior level of service to those operating at high risk.

Health & Beauty Payment Processing

The process of establishing a merchant account with us is relatively simple and straightforward. We’re proud of our agile response times and our lightweight application process, which allow our clients to start accepting credit cards in just a couple of days.

We also don’t overcharge on fees, which is why we’ve implemented a sensible rate structure that will allow you to do business efficiently. Being in business at high risk is not an inherently bad thing, as it can be a part of the business environment that you should operate in. However, it does not mean that you are reckless or irresponsible. Instead, it refers to companies that are more prone to experiencing financial problems, such as chargebacks. This is because they are also subject to regulations and laws, and they could potentially endanger their solvency.

Unfortunately, many banks do not want to provide the services that are needed to support companies that are operating at high risk. This is because they are afraid that they might not be able to effectively serve their clients. We aim to provide the necessary services that are needed to support companies that are operating at high risk. One of these is credit card processing. We also aim to help our clients grow by extending their capabilities by allowing them to accept e-checks and checks. One of the most important factors that we consider when it comes to providing financial services to high-risk businesses is preventing fraud. We have a robust chargeback protection suite that can help prevent these types of problems from happening.

Getting in touch with a major acquiring institution can be a daunting task, especially if you have a question regarding the status of your application or if you need help with any issue. At First Contact, our team of highly trained and responsive customer service representatives is always available to answer any questions and provide you with the necessary assistance.

Why Is The Popular Health And Beauty Sector Considered So High Risk?

One of the most common reasons why health and beauty merchants are considered high risk is due to the number of chargebacks that they experience. While there are no regulations that prevent merchants from making outlandish claims about their products, the industry is still full of puffery. Even if you do your best to thoroughly vet the products that you sell, the claims made by other companies can still set unrealistic expectations for your customers.

After they make a purchase from your store, your customers might find themselves dissatisfied or even disgruntled. They can then go to their credit or bank to ask for a refund. This is a common issue that health and beauty merchants experience, and it is considered high risk due to the number of chargebacks that they can experience.

Have You Had Your Health and Beauty Merchant Account Closed?

Since risk management is a vital part of an acquiring bank’s operations, its professionals regularly assess clients to ensure that they are following proper risk management procedures. One of the most common tasks that these professionals perform is monitoring the health of the company. Doing so can help prevent potential issues from happening. If you are experiencing issues with your payments, your merchant bank can temporarily suspend or close your account.

This is a common issue that health and beauty merchants experience, and it is considered high risk due to the number of chargebacks that they can experience. It could be caused by a sudden increase in the number of transactions or a change in your business. For instance, if you have recently expanded your operations and started offering beauty and health products, then a change in your risk status might cause your bank to close your account.

Getting the wrong information during an application process can also increase the risk that you will not be able to accept transactions. This is why it is important that you thoroughly research the details of your business. We have a variety of credit card processing solutions that are designed to help health and beauty merchants, such as nutritional supplements and retailers, get the services they need without having to go through the laborious process of applying for a credit card.

Accepting Credit Cards Safely

At First Contact, we also provide high-risk clients with flexible credit card processing services. We help them put more of their time into their business by monitoring their accounts and keeping them up-to-date with the latest developments regarding their chargeback issues.

Through our credit card processing services, First Contact helps busy merchants put more time into their business by reducing the stress levels and developing the details of their business. We also do not charge a huge fee for handling chargebacks. Our fee structure allows our partners to make better financial decisions.

One of the most important factors that you should consider when it comes to running a successful business is removing as many obstacles as possible from the way it can succeed. At Premier One Payments, we provide a variety of payment processing services that are designed to help health and beauty merchants succeed.

We are committed to helping you grow and support your business as it goes through various changes. We’ll help you meet your daily processing requirements even if you have a lot of business. To start a new relationship with us, contact our associates today by sending us an email or setting up a consultation.

Xccept

Business Solutions

  • Enterprise Payment Processing
  • Xccept Point of Sale
  • Cash Discount Surcharging
  • Free Fees Processing
  • Integrations

For legal Reasons

Xccept is a registered ISO of PNC Bank, N.A., Pittsburgh, PA -Member FDIC; Woodforest National Bank, The Woodlands Texas; Citizens Bank, N.A., Providence, RI; Wells Fargo Bank, N.A., Concord, CA.

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