Online pharmaceutical companies and other similar medical products is big business. I kid you not. If you are involved in this business or have been for a while now, you know what I’m talking about because the demand is great; even in a down economy people still need their meds. A few of the merchants that we have been able to place with our offshore solution are literally doing millions of dollars in volume per month, while others are averaging anywhere between $100K to $300K USD per month. Unfortunately, many individuals or companies involved in this type of business are having a hard time obtaining a credit card processor to approve them to stay in business. There are also a majority of them that go out of business because they were utilizing the wrong international bank or processor. The processor goes out of business and the bank or the processor end of freezing their funds for a prolonged period of time. This is certainly not good for either party.
You can avoid all of these mistakes by choosing Menexis to place you with a stable and reliable offshore merchant account that will pay you on time and best of all, our rates are reasonable allowing for you to keep more money in your pocket.
If you are truly an online pharmacy merchant account, it is 10 times easier for us to get you an approval because all you need is a payment gateway to integrate the API into your shopping cart. Because your customers are keying in their credit card information and details over the web, you are in fact minimizing your risk and chargeback.
But if you are an outbound or inbound telemarketing company that is selling pharmaceuticals over the phone, it makes it a little bit harder to get an approval for you. Not to say that we cannot get you approved. There will be additional documents that you will need to submit. You an initiate this processing by submitting a pre application or just give us a call. We are based in Los Angeles, California but our services are truly international. |
