The 10 Best Pharmacy Merchant Account
Online pharmacy purchases have seen a rapid growth as more consumers are taking advantage of the convenience and cost effectiveness of purchasing their prescription medicines at home on the Internet. In the UK, from 2010 to 2016, there has been an increase of registered online pharmacy businesses from 46,000 to 61,000.
Just as there are legally operating online pharmacy businesses, there are also those that are illegal setups who are selling controlled drugs without a license.
According to the US National Association of Boards of Pharmacy (NABP), 97 percent of online pharmacies violate pharmacy laws and practice standards. This puts consumers at risk of purchasing drugs that can be harmful.
As a result of the aforementioned cases, and the high chargebacks, opening an online pharmacy merchant account is extremely difficult as it is considered high risk.
Fortunately, these 10 merchant service providers are fully equipped and experienced to provide a customised solution for your online pharmacy. Take a look to see what would work best for you and your business.