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The number of pharmacies in the UK rose from 46000 to 61000 between 2010 – 2016 (statista.com) proving a steady increase within the industry. Online pharmacies are a popular way to get the drugs you need without having to make an extra stop after the grocery store. The pharmacy industry has recognized this as an ever-increasing number of merchants are moving online in the pharmaceutical business. But, securing [https://scientific-programs.science/wiki/Comprehending-the-Distinct-Varieties-of-Service-provider-Accounts pharmacy merchant account payment gateway] or an online pharmacy remains a tricky task as banks are quick to label such a business as “high risk.” Due to regulation from the Food and Drug Administration, the chargeback risks, and the confusion on the parts of the customer regarding prescription drugs, traditional payment processing providers turn away from opening a pharmacy merchant account.<br /><br />

Revision as of 08:17, 15 November 2018

The number of pharmacies in the UK rose from 46000 to 61000 between 2010 – 2016 (statista.com) proving a steady increase within the industry. Online pharmacies are a popular way to get the drugs you need without having to make an extra stop after the grocery store. The pharmacy industry has recognized this as an ever-increasing number of merchants are moving online in the pharmaceutical business. But, securing pharmacy merchant account payment gateway or an online pharmacy remains a tricky task as banks are quick to label such a business as “high risk.” Due to regulation from the Food and Drug Administration, the chargeback risks, and the confusion on the parts of the customer regarding prescription drugs, traditional payment processing providers turn away from opening a pharmacy merchant account.