Our Team has 20+ Years of High-Risk Payment Processing Experience
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.
- 24-48 Hour Payouts
- Lowest Rates, Multiple Bank Approvals
- Fast Approvals
- 100% Digital Application
Secure Payment Processing
In 3 Simple Steps
Complete our quick and easy online application
Digitally sign applications using your mouse
Securely upload supporting documents
Applications are sent to all banks that have pre-approved you
Banks will review and determine a processing limit
Daily updates sent with additional documents and final approvals
Payment Gateways are activated
Integrate your Payment Gateway with the backend of your site
Start accepting payments from your customers immediately
Diet Programs & Weight Loss Merchant Accounts
The weight loss industry rakes in billions of dollars in the United States each year, and with the vast number of businesses offering nutraceuticals, health and nutrition supplements, and diet plans throughout the country, it’s really no surprise. In addition to the multitude of protein shakes and diet plans that are available to American consumers, the recent popularity of the Keto diet and supplements such as Garcinia Cambogia and Forskolin have created a boom in the industry that’s totally unprecedented.
Most merchants in the industry can attest to the fact that it’s extremely difficult to obtain an account that allows payment processing for diet plans, dietary supplements and other nutraceuticals. That’s because the industry has been deemed high-risk when it comes to payment processing due to its frequent high chargeback ratios.
Luckily, PayDiverse offers high-risk merchants selling health and nutrition supplements or weight loss programs the opportunity to process credit card and debit card payments. Our merchant accounts include plenty of features that have been specifically designed to protect high-risk merchants from account closures and fraud, all at an affordable rate.
About the Diet and Weight Loss Industry
The weight loss industry does over $60 billion in sales each year and shows no signs of slowing down. There are several highly successful supplements and diets that have taken over a large share of the market in recent years.
The Keto Diet
Payment Processing for Diet Plans and Dietary Supplements
PayDiverse works hand in hand with merchants who sell health and nutrition supplements, nutraceuticals, and diet plans to effectively prevent fraud and chargebacks while safely processing credit and debit payments. Our payment gateway is simple to use and our online portal allows merchants to remotely manage their account seamlessly. Some of the features of our high-risk merchant accounts include:
- Multi-bank processing (including off-shore)
- Chargeback alerts and disputes
- ACH/Check 21 processing
- Competitive processing rates
- Secure payment gateway
- Pinless Debit
- Fraud prevention and protection
Chargeback Prevention Methods
Another practice that has lead to high chargeback ratios for the industry is the “free-trial business model” that so many diet program and weight loss supplement merchants utilize. These free trials make merchants vulnerable to chargebacks. With these free-trials, customers agree to allow a charge on their credit card at the end of their free trial, which may be as long as 30 days with many merchants. Often after the customer has taken a few days to try the product or service they’ll move on and forget to revoke their authorization. Once the charge appears on their credit card, many of these customers request chargebacks from their credit card issuer instead of requesting a refund from the merchant.
PayDiverse protects merchants from these unwarranted chargebacks with our real-time chargeback alerts. These alerts give merchants the opportunity to dispute the chargeback by promptly providing proof of authorization to their payment processor or to the customer’s issuing bank. PayDiverse provides full support to merchants throughout the dispute process.
Award-Winning Fraud Prevention
Getting Started with PayDiverse
To apply for a merchant account with PayDiverse, simply fill out and digitally sign our online application and forward your supporting documents to our underwriting team. We’ll have an answer for you in about 24 hours. Upon approval, PayDiverse will have you set up and ready to process credit card and debit payments within 48 hours. You’ll be given full access to our online merchant portal and all of the convenient features of our high-risk merchant accounts.
To increase your chances of approval, make sure to maintain transparency throughout the application process, follow the directions on your application carefully, and submit accurate supporting documents as quickly as possible once your application has been completed.
Diverse Payment Processing is Smart Processing
Fill out our free and quick merchant account application and let us match you with many banks that want your business.