The merchant accounts you will need are called high-risk merchant accounts as banks classify online product sales like vitamins as high risk now. You'll sign up for 2 separate accounts because the banks won't want you to generate a large sales volume in the first 90 days. Having 2 accounts makes that a non-issue. Plus, you'll have to stay below 3% chargebacks which means sometimes you'll have to reach out to customers so they can turn their chargeback into a regular cancel. Staying under 3% chargebacks with 2 merchant accounts and 20 sales a month each account is easy.
Why do the Members have to get 2 of their own special merchant accounts? Print
Created by: Mariah Jones
Modified on: Tue, Jul 2, 2024 at 6:20 PM
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