Nutraceutical
Nutraceuticals are defined as a product isolated or purified from foods that is generally sold in medicinal forms not usually associated with food. A nutraceutical is demonstrated to have a physiological benefit or provide protection against chronic diseases. Nutraceuticals have become popular as a result of being famed as the more natural way of curing illness. People have begun to change from the original chemically-derived medicinal techniques in an attempt to live a healthier lifestyle without the worry of possible side effects.
Today’s consumers are becoming more health and image-conscious than ever. Consumers today yearn to perform at their peak – as well as coping with future health concerns – like cardiovascular disease and weight management. Nutraceuticals are able to fit easily into people’s daily diet and offer positive, lifestyle-oriented wellness and nutritional benefits. That means feeling and looking good.
Our nutraceutical services include dietary supplements, functional foods,vitamins and minerals, herbs and botanicals, skin care products, and nutritional beverages. Here at International IBC Banking we understand that nutraceutical merchants often have difficult time finding a bank that works with their business models. Banks tend to consider this industry particularly risky due to its high chargebacks and frequent billing. Fortunately we have the connections to place our nutraceutical merchants in acquiring banks within minimal trade restrictions.
With our nutraceutical solution you may receive:
- Visa
- Mastercard
- Amex
- JCB
- Multi-currency processing
- Virtual terminal (for merchants who qualify)
For internet and TV merchants it is necessary to use a model of continuity for nutraceutical companies due the recurring nature of the products. Often times, in order to recognize a difference in one’s health these products need be used periodically. A large number of merchants conduct their business honestly and help an unprecedented amount of people.
Unfortunately there are the few that take advantage of this industry and the recurring billing scheme to create fake companies with false claims. These short-term companies have high charge back ratios and have hurt banking relations in this industry. Nonetheless, here at International IBC Banking we will be able to set our clients with an account due to our relationships with our banks. We are able to screen the legitimate accounts from the rest and get our merchants approved.
