Streamlined Solutions for High-Risk Weight Loss Merchant Accounts
Corepay specializes in reliable payment processing for weight loss, fitness, and dietary supplement businesses. Get approved quickly and grow with confidence.
Corepay provides custom payment processing designed specifically for the weight loss and dietary supplement industry, ensuring compliance and security.
Advanced Chargeback Prevention
Protect your revenue with CB-ALERT, our in-house suite for mitigating chargebacks and fraud in high-risk industries.
Seamless Platform Integration
Effortlessly connect with Shopify, WooCommerce, or other platforms with Corepay’s payment gateway, ensuring smooth operations.
Are you seeking payment processing in the diet program/weight loss industry?
While this is no easy feat, we are pleased to tell you that we specialize in weight loss merchant accounts and have over twenty years of high-risk credit card processing.
We are proud to announce that we are able to work with merchants in the GLP-1 space provided they are compliant and Legit Script certified.
Quick Approvals for Weight Loss Businesses
Apply today to discover how Corepay’s advanced tools and industry expertise can support your weight loss or dietary supplement business.
At Corepay, we specialize in payment processing for the weight loss/diet program industry and offer the following merchant accounts:
Exercise/fitness programs
Dietary supplements
Weight loss/control programs
Health and fitness counseling
Weigh reduction programs
We can process for any of the above categories, provided the product and company run a legitimate business/service.
This article explains why we offer the best weight loss/diet program merchant accounts and tells you everything you need to know to get started.
Applying For Your Weight Loss Supplement Merchant Account
We shrink the application process to as little time as possible so that we can get you processing in no time. You will need the following to apply for your supplement merchant account:
3-6 months processing history of statements
Voided check
Principal’s driver’s license
Proof of operating address
Company EIN document
Business plan – optional
Chargeback ratio
A functional and compliant website with login credentials
When applying, it’s best to be honest, and provide us with as much information as possible to ensure a speedy boarding process.
*The weight loss/Nutra industry has a reputation for illegitimate products, and we ensure all our merchants are selling legitimate products/services.
Ready to Grow Your Business?
Get started with Corepay’s reliable payment solutions, tailored to meet the unique challenges of the weight loss industry. Fill out your application today.
The dietary supplement/weight loss industry is one of the most high-risk industries, with the most significant risk of fraud/chargebacks.
In 2023, over 15% of all chargebacks were related to the weight loss industry.
Below you will find the main risks associated with these types of merchant accounts:
Chargebacks
Lack of regulation
Double billing
Shady subscription billing
*It’s important to note, there’s a significant difference between Nutra weight loss and medicinal weight loss prescribed from a doctor.
Chargebacks
Chargebacks are notoriously high in this industry for several reasons. This industry often makes claims such as, “Lose 20 pounds in the first 30 days.” Claims like this typically result in chargebacks when the customer doesn’t see the results they hoped for, even if your product/service is usually effective.
Eliminating claims like this is a must when trying to fight chargebacks.
If customers experience any side effects, this usually results in a chargeback.
Poor customer service is often found within this industry, and some companies choose to dropship the products.
While dropshipping can be fine, it can result in lousy customer service and confusion when an unhappy customer reaches out.
Lack of regulation
While the FDA does regulate dietary supplements, they don’t require premarket review or approval from the FDA.
This can make it near impossible to know whether or not the product is actually safe and will come without a list of harmful side effects.
Double billing
For years companies in the Nutra industry would use practices such as double billing their customers in hopes that their customers wouldn’t notice.
Shady Subscription Billing Practices
Credit card brands are constantly revamping their policies regarding remaining compliant. Over the years, they’ve cracked down on companies for shady subscription billing related to free trials.
Merchants must follow all Visa and Mastercard guidelines regarding subscription billing.
Industry MCC Categories For Weight Loss
729934 – Weight control services
729906 – Physical fitness programs
729901 – Fitness/health consultants
It’s important to note that how your business is viewed is how banks and processors will determine your MCC.
Why Choose Corepay
At Corepay, we can offer clients highly competitive pricing and control over their merchant accounts. With over two decades of payment processing experience emphasizing Nutra/weight loss management, we know exactly what our merchants need in a partner.
Netvalve, our gateway, is explicitly designed for high-risk, high-volume merchants.
We offer the following at Corepay:
Quick Approvals Within 24-72 Hours, even for high-risk industries
Exceptional Customer Service, including direct access to Management Team
Risk mitigation with Rapid Dispute Resolution (RDR) by Verifi, 3-D Secure 2.1/ our partner product CB-ALERT
Low-risk rates as low as $99 per month and $0.05 per transaction
Waived fees (application, set up, annual)
Maximize approval ratios due to routing technology based on your target customer base within our proprietary payment gateway
Traditional chargeback alerts by Ethoca and Verifi
High-risk rates as low as a blended 2.95%
While our gateway is designed for these verticals, we take a gateway-agnostic approach to hook up to whichever gateway you choose.
Can Merchants Use Shopify/Woocommerce That Sell Nutra?
Shopify and Woocommerce are two incredibly popular choices for selling fitness products on the web. We can offer payment processing for both of those platforms with seamless integration.
It’s important to note that both platforms have their own payment processing available, but keep in mind that neither processes high-risk merchants.
This means you must find a payment processor that can hook up to their system to get you processing payments.
We make this process painless and can do this as soon as you are approved for your account.
Can We Use Stripe/Paypal For Weight Loss Merchant Accounts?
The short answer is that we only advise you to use a high-risk processing option for this industry to avoid having your account terminated.
While you might be intrigued by the lower fees that Paypal or Stripe offer, they assume that your industry is low-risk and that the second you realize what you’re selling, they will freeze your account.
Wrapping Up
Choosing a payment processing partner for your supplement company can be challenging. At Corepay, we recommend that all of our merchants compare other payment processors before deciding.
We are confident that we can help grow your business to the next level by offering transparent payment processing focusing on minimizing chargebacks and maximizing approvals.
Fill in the application below to get your pre-approval.
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Seamless Integrations
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