Weight Loss Merchant Account
Just as is the case with all other high-risk types, it is not easy to find a reliable and reasonably priced weight loss merchant account. Traditional payment processors will not consider your application, because businesses in your industry have historically generated very high ratios of customer complaints and chargebacks. It is a classic case of guilt by association: many other guys in your industry don’t know what they are doing, so you don’t know what you are doing as well.
Well, at UniBul we believe that every merchant should be judged on its own merits and deserves consideration, regardless of the type of industry it may operate in. Furthermore, we specialize exclusively in working with high-risk merchants — we don’t do anything else. That focus has allowed us to create a solid, dependable credit card processing solution for weight-loss websites, both American-based and international ones, which just works. Contact us now and let us show you what we can do for you.
Before we initiate the application process, we will explain exactly what we can do for you and on what terms. If, as is often the case, there is more than one option available, we will break down their pluses and minuses and let you decide. Once we get started, your application will be handled swiftly and the set-up will be fast and simple. Typically, we wrap the whole thing up within one to two weeks.
Who Do We Work With?
There is a solution for just about every merchant, provided you are willing to give it your best effort. Specific set-ups vary based on a great number of factors: processing volume and history, chargeback ratio, geographical location, placements on the TMF / MATCH list, etc. For example, a U.S.-based business would probably be best suited for a U.S.-based weight loss merchant account. However, if its chargeback ratio is high or it is placed on the TMF, we will have to take it offshore. There are many possibilities that exist and I can’t go over all of them here, but the point is that decisions are made on a case-by-case basis.
So, to help us create the best set-up for you, we need that you tell us all about your particular circumstances. Also, just let us know exactly what it is that you are hoping to get from us and we will work with you to make it happen. For example, if you are looking for an additional weight loss merchant account, to go along with the one you already have, that is just fine with us, as long as we get enough of your volume to justify our effort.
The Application Process
Before we begin the application process, we will need the following paperwork:
- Application form. You can download the form here. Just fill it out completely, sign and send it back to us, along with the other documents listed below.
- Processing statements with your current or latest payment processor for the last six months.
- Certificate of Incorporation or a similar document.
- A copy of the business owner’s passport or some other national ID document.
- A copy of your business operating license, if applicable.
- A voided check, if you have one; otherwise, please substitute with a bank letter.
- Your business’ three latest bank statements.
- A utility bill, which needs to be no older than 30 days of the application date.
It is very likely that, once we start reviewing your paperwork, we will need some additional documentation and we may ask you for an explanation of something or other. So be ready to follow up promptly on our requests to help us go through the process as swiftly as possible.
Card Options, Available Currencies and Payout
Our wide network of acquiring banks, located all over the world enables us to offer acceptance of all major credit card brands, as well as many smaller ones and alternative payment options. A short list of the supported card brands can be seen below:
You have the choice of settling your transactions in any of the major global currencies, as well as in many others. Here is a sample of your options:
Your payout schedule will be determined during the application review, but our weight loss merchant accounts typically get funded on a weekly basis, although daily payouts are also available to some qualified merchants.
Dealing with a TMF / MATCH Placement
If you learn that your latest processor has placed your business on the TMF / MATCH list, the first thing you should do is to ask for the reason. In fact, if your merchant account is terminated, you should always ask whether you were placed on the TMF / MATCH. We will need this information before we start working on your account, as the set-up on our end will be different. And anyway, not telling us about the TMF thing will not make it go away and could actually be harmful, as we will inevitably find out at some later point and will have lost precious time working on the wrong solution.
It is likely that the underwriting process will take a bit longer to run its course than it would be the case with a non-TMF set-up and there is a reason for it: Visa and MasterCard will penalize processors who don’t follow the special rules which regulate TMF merchant accounts. We may need you to provide some additional documentation or answer a question or two, but other than that, as far as you are concerned, the process is much the same.
Once your weight loss merchant account is approved and set up, you can start taking credit cards once again, much as you did before the TMF placement. You would still need to be on your guard, though, and make sure you are using your service in accordance with the terms and conditions of your contract. Your activity will be monitored more closely than before and so you will have to make sure everything is as it should be. So just keep it all well organized.
Why Choose UniBul?
There may be many reasons why a processor might not be either willing or able to work with high-risk merchants, even if they are very well qualified and have a solid track record of processing credit cards in a responsible manner. That is just a fact of life. But there are also processors who have made it their business to serve exclusively high-risk businesses and they are always in search of new merchants to take on board. They will be much more detailed when reviewing your paperwork and will need your help during the application process to a somewhat greater degree than their low-risk counterparts. These are the processors which can get the job done and at UniBul we are willing, able and can’t wait to set up your weight loss merchant account!
Get Started
To get started, you can download our weight loss merchant account application form from the link above, fill it out and send back to us, along with the other documents listed there. Alternatively, and for most of you that would be the better way to go about it, you can complete the very short form that opens when you click on the button below, give us some basic details about your business, and we will contact you within a few hours to tell you what we can do for you.
What Our Customers Are Saying
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UniBul enables American and international businesses to accept payments for the things they sell on their websites.
