At Organic Payment Gateways, we love helping site owners in booming industries like homeopathic remedies. We specialize in providing specialty high-risk payment gateways for homeopathic and natural supplement sales. We ‘re always thrilled when we can help new entrepreneurs grow their online store and help them start selling their products online. If you’re looking for a homeopathic and supplement friendly payment gateway, please don’t hesitate to get in touch.
New to e-commerce?
It should be said that if you’re an experienced seller of homeopathic products you’ll likely be familiar with most of what we discuss here. Although, you might get some tips you can benefit from. Mostly this is going to be most useful for new entrepreneurs about to start their online homeopathic shop.
Payment gateways for homeopathic products can be difficult
The first thing that we want to make sure you’re aware of is that businesses selling homeopathic remedies and products classify as high-risk. This is an industry term that applies when credit card networks and acquiring banks decide that your business involve more risks than “normal.”
The reason homeopathic products are high-risk is that they aren’t closely monitored or actively regulated by the Food and Drug Administration (FDA).
While you’d think this lack of governmental regulation would make it easier to sell, that’s not necessarily the case. Since homeopathic drugs don’t need to be regulated and tested to ensure that they contain the ingredients they say they do and work as advertised, it makes the industry based around selling the products more exposed to chargebacks. Naturally, banks and credit card networks need to manage risks too. Unfortunately, they can’t always do it on a case-by-case basis. In other words, there isn’t a procedure to ensure that these homeopathic products are what they say they are and do what they say they do. This is why all homeopathic e-commerce businesses are lumped together. Even if you know perfectly well that your products are indeed what it says on the label and that they work as advertised.
But what does this mean for you?
Unfortunately, as you’re selling homeopathic products, you’re more likely to experience a higher than average chargeback ratio. Chargebacks occur when a customer disputes a credit card charge with their bank or credit card provider. These funds are then withdrawn from your account. You can always fight them, but most of the time it’s much better to prevent chargebacks than contest them.
How to sell homeopathic products online
Practically speaking, being high-risk means that it’s challenging to find payment services that will work for your business. You’ll need specialized payment processing in order to successfully accept payments online. It also means that you should prepare your business by having a chargeback mitigation strategy in place. This will make it easier for you to sell your products and grow your online store.
Unfortunately, any e-commerce business selling homeopathic products online falls within the high-risk category. This isn’t as dramatic as it might sound. All it means is that there are fewer merchant service providers out there that can offer you their services.
This can certainly be annoying, but you can accept payments online with the right high-risk setup, which includes:
- A merchant account set up that allows your exact products
- Platform and e-commerce software that accepts your business type
- Homeopathic and high-risk friendly payment gateway
With these elements in place, you’ll be able to accept payments through your website.
While you should always thoroughly read the T&Cs of the platform, site builder, and software you use, we do have some recommendations. For example, you can use ClickFunnels, Shopify, and WooCommerce for homeopathic medicine sales. These are all high-risk friendly with the right back-end setup. This means they’ll be able to help you accept payments for homeopathic products. ClickFunnels, for example, is also excellent at helping you reach new potential customers with their built-in marketing tools. That said, you should be wary of what you include in your marketing and social media material. Check with an attorney who specializes in the industry as to what you should avoid and what you can emphasize in your promotional material.
Organic Payment Gateways is here for you
We know that you have enough challenges to overcome. That’s why our mantra is to help you sell homeopathic products online – with the freedom to choose the platform you love. With a high-risk payment gateway from us, you’ll be able to rest easy knowing that processing payments won’t hold you back. We’ll make sure it works perfectly for your product line, as well as with the e-commerce software and the site builder you use. Simply contact us today, and we’ll start working on making payments easy for you.