Health & Beauty

April 27, 2021

A booming industry like Health & Beauty may seem like a safe and secure direction for your business with minimal hassle involved. This is common misconception when diving into the world of cosmetics. Following a cookie cutter business plan will have you looking to partner with the big names for payment processing such as PayPal, Stripe, or Square. These generalized plans do not take into account the risk associated with each type of industry.

Health & Beauty products revolve around results. Before & after pictures flood the market in order to generate interest and stand out from the crowd. What is not so clear to the consumer is that all individuals are unique and results may vary. The lack of understanding this concept often results in chargebacks when expectations are not met with a product purchased. The result? The consumer feels cheated and chargebacks begin hitting your merchant account.

For this reason, the Health & Beauty field is categorized as high risk. Your profits can be put on hold entirely when enough chargebacks are submitted and your payment processor freezes your account. In a constantly changing field with competitors on the rise every day, you don’t have time to put your customers on hold. Avoid the trouble with High Risk Payment Pros. Be prepared from day one and have your business running smoothly with no setbacks along the way.