Nutraceutical merchant account sponsor banks. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Nutraceutical merchant account sponsor banks

 
 Nutraceutical products (commonly known as Nutra products) have formed a billion dollar marketNutraceutical merchant account sponsor banks Best Nutraceutical Merchant Account Providers

Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. The best time to get nutraceutical merchant accounts is right now in 2020. Merchant Account for Nutraceutical Products In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. Nutraceutical Merchant Accounts. (NMI) – With their load balancing feature, manage multiple merchant accounts through one gateway and automatically route transactions to specific accounts. What is an Offshore Merchant Account. The Fedwire Funds Services is operated by the Federal Reserve Banking System. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. For example, if the merchant has an account with their processor that is priced at a discount rate of . And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. The sale of peptides online through the use of credit card payments is deemed high risk by many banks in the US. Once the application is completed, the merchant will be required to have the following items: Completed website. Merchants who utilize negative option billing to sell physical goods, will be deemed “High Risk Merchant”. Additionally, we use state-of-the-art tools like tokenization, encryption, and 3D security to ensure secure card processing, which is essential in the supplement industry and nutraceutical credit. Nutraceutical merchant accounts are the ideal solution for online nutrient, dietary supplement, and herbal product manufacturers and retailers looking to grow their business and put the pains of finding high volume processing capacity behind them. Stripe is used by more than 200,000 businesses around the world to accept payments on the web and mobile. These banks offer merchant accounts to companies they consider safe bets. For instance, while there are other forms of nutraceuticals, some or many today consumers are likely to ask for fat-soluble nutraceutical supplements—unless they are after the vitamins in fat-soluble types like (B and C). The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. By partnering with Get Payment, nutraceutical business owners can access secure and efficient payment processing solutions that address the challenges associated with the nutraceutical sector. Gather the required information before beginning the application process for your nutraceutical merchant account: Banking Information: Personal and business banking account information along with statements (up to 3 months) may be requested. Allied Payments specializes in high-risk merchant accounts. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. S. Nootropics, Nutraceutical and Health Products . Therefore, it is regulated by the government. Fill out this form and a merchant services representative will be in touch! Get Started. Our extensive and durable relationships with credit card processors and sponsor banks help to more fruitfully underwrite heavily regulated industries like. Bank transfers are the safest online payment method available for nutra merchants. Furthermore, there have been incidents of businesses selling CBD using merchant accounts to sell products with THC much higher than the 0. Excessive chargeback rates over 1% are the number one reason most merchant accounts are terminated. Nutraceuticals are hot-selling items that help people achieve specific health goals. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by financial institutions. High Risk Nutraceutical Integrations. The sponsor bank is a key component in the payment process, responsible for transmitting funds to the merchant A business that accepts credit cards for goods or services. Nutraceuticals are tricky businesses to find merchant accounts for due to lack of health regularization by the government. 06 billion ). Virtual terminal merchant accounts include unlimited virtual terminals. This is true whether you sell digital goods online or physical items in-store. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. 1. You Need to Open a Business Bank Account and a Separate Merchant Account. The sponsor bank is responsible for getting the funds to the merchant and. We support weightloss, health, beauty, dietary supplements & fitness. Many banks are also reluctant to partner with MLM companies. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. Domestic & International Nutraceutical Merchant Accounts. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. Herbal Products and Nutraceutical Merchant Account . Nutraceutical merchant accounts doubts can be cleared with this 5 Star Processing article. COVID-19 changed cash for good. Durango Merchant Services: Best for highest-risk businesses. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. The growth of ACH payments for electronic bill payment continues. Recurring Payment Support. A standard retail "swipe" merchant account does not allow processing of these "card-not-present". Furthermore, people with scores between 300 and 600 are most likely denied access to good lending opportunities due to their low score status. Our nutraceutical. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. Without a mer. High-risk Nutraceutical Merchant Account. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. Nutraceutical merchants can get their own account by choosing a merchant account. 4 billion in 2013, domestically, collecting $55. But why would banks avoid my business when the industry is. Nutraceutical Merchant Account. Merchant Account for Nutraceutical Products : In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. 2. The acquirer, as it is commonly called, provides businesses with a merchant account, where all their revenues are deposited. S. DirectPayNet has high-risk merchant accounts for many industries like supplements, biz-op, subscription,. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. Nutraceutical Merchant Accounts: Nutraceuticals provide consumers with continuous monthly product shipments, from weight-loss supplements to energy boosters. sales@intl-payments. Third is vaping and e-cigarettes. To get a nutraceutical merchant account, an online application is the quickest way to an approval. Ways that nutraceutical companies can get their credit card processing in order. Our payment solutions are designed to seamlessly integrate with your business model, whether you operate an e-commerce platform, health supplement store, or other related businesses. DigiPay knows how to navigate the high risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical. With a Nutraceutical Merchant Account from Patriot Bankcard, nutraceutical merchants are instantly able to process Visa and MasterCard transactions for their online Nutraceutical Merchant business. 25. Diversify your nutraceutical merchant accounts to mitigate risk. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. In the fast paced world powered by technology, new health complications are surfacing everyday and leading to lifestyle. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. Nutra products range from oral supplements to teas, tinctures and salves. Just apply online, and we'll take care of. . Need a bank account?A collection agency merchant account is essential to process payments in this unique industry. The reason is that more and more people are looking into natural cures for their ailments. By Tony Ward April 27, 2021 2:27 am No Comments. There are a number of merchant account providers and payment processors that offer offshore. Nutra products range from oral supplements to teas, tinctures and salves. Home; Merchant Services. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Merchant Uses of Payment Processing Services. Executed Personal Guarantee (when required) Executed Attestation Disclosure - Provides the bank with permission to contact your bank and confirm that your DDA is transparent and that they have BSA/AML program in place for cannabis. In certain situations, we can expedite the setup process in 1 business day. In fact, the business is expected to reach a remarkable $671 billion in global revenue by 2024. Apply Now. . Even US based businesses operating internationally. High-risk businesses typically operate in industries that are prone to chargebacks, fraud, and legal and regulatory complications, such as online gambling, adult entertainment, nutraceuticals, and e. A virtual terminal connects to a secure payment processing gateway. They’re so well-established in fact that they work with over 60,000 merchants. Nutraceutical products are increasingly becoming more and more popular all over the world. You need EMB. 325412: Pharmaceutical Preparation Manufacturing. Posted by The Roar of Freedom. Delivery. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. As banks vary their risk appetites and credit policies, it’s becoming increasingly difficult to find banking partners that are willing to deal with nutraceutical companies not to mention start-ups with little to no. The Best High-Risk Merchant Accounts of 2023. Nutraceuticals Nutraceuticals With health and beauty dominating our youth-oriented culture, opportunities abound for companies that offer subscription nutraceuticals, vitamins and free trial/continuity memberships. Nutraceutical Merchant Accounts 2018. Third is vaping and e-cigarettes. We are the #1 provider of merchant accounts for the nutraceutical industry, connecting you with payment solutions in as little as 48 hours after approval. Many credit card processors simply try. These limits are typically between $25,000 and $100,000 per month. Merchants find it very. First, on the high risk merchant list is nutraceuticals. 5% + 0. Free setup and zero upfront fees. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. Obtaining nutraceutical credit card processing is a challenge sellers face. 0 likes ×When seeking an ideal solution for adult merchant processing, that includes online dating, strip clubs, adult book stores, novelties, toys, and websites that require memberships for pornography, it can be a tedious process to successfully accept debit and credit cards. Although that's great news, some business entities don't want to allow these types of sales. Nutraceutical-friendly merchant partners should be sought from the start. com. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. eChecks. Nutraceutical Merchant Account Connected. Merchant Login. Protect your nutraceutical business from exorbitant bank holds and reserves. Are you struggling to secure the payment processing solutions your nutraceutical business needs? Unfortunately, there are many industries whose merchants struggle to secure merchant accounts for their businesses – the nutraceutical industry is definitely among them. They are the equivalent of direct deposit and direct debit in your bank account. The Challenges of Nutraceutical Credit Card Processing. How to open a nutraceutical merchant account in 2019. Safeguarding your nutraceuticals' digital sales with best practices for secure payment processing ensures trust and reliability for your customers from. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. Accept credit card payments online hassle-free. This surge has nurtured a thriving industry, where businesses must adopt robust merchant account processing systems to seamlessly accept credit cards and offer customers convenient payment choices. See Full List of Supported High Risk Industries This is because credit card processors only accept businesses that their sponsor banks permit in their underwriting instructions. High Risk Nutraceutical Merchant Accounts. Department of State as a sponsor of international terrorism under 22 U. By doing so you will have the backing of a great bank and be able to grow without worry. S. And since every crypto payment is tracked, dispensaries can comply with regulations. Has your nutraceutical company been denied a merchant account by a bank? TailoredPay can help. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. Fill out our online application. Sponsor Bank. With your account, you’ll have access to all of the incredible features PayDiverse offers, including: Free set up of your payment portal. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide “bad credit” merchants with stable, effective, long term credit card processing solutions. All Nutraceutical Merchants welcome. HSBC. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. High Risk Merchant Account;Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. search for long-term solutions for your nutra deals. 6 billion by 2017. These transactions require a bank account number and routing number to process. Affordable Access To Merchant Accounts For Nutraceutical Businesses High Risk Solutions designs customized merchant account solutions for this industry niche. A credit card processing company needs a minimum of $50,000 capital on average. Offer processing services to your customers with an API integration to your platform. British Columbia is a hub when it comes to cooperative banking. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). If you sell supplements, diet pills, or. Obtaining nutraceutical credit card processing is a challenge sellers face. accounts for nutra businesses to be considered high risk by banks and regulatory bodies. Services. Setting up a merchant account to process payments is the first step in enabling nutraceutical commerce. Straightforward, simple set-up. A high-risk merchant account will accept the risk and allow you to process credit cards. Take Advantage of our Net 30 Account to help you grow your business credit. This isn’t just a struggle for someone new on. This type of billing results in excessive chargebacks from unsatisfied customers because. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. $250 times 3. Username: Password: Login. com works with a number of sponsor banks that provide both domestic and offshore high risk merchant accounts. Best Nutraceutical Merchant Account Providers. If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. We carefully combine high-quality services with low prices to further our goal of becoming the leading high-risk merchant account provider in the country. Merchants experience resistance to tobacco credit card processing during card-not-present (CNP) transactions. 65%, Visa will request an investigation into the cause and that an action plan be developed. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. When using an offshore merchant account, your acceptable chargeback ratio increases from below 2% to 3-4%. com Has your nutraceutical company been denied a merchant account by a bank? TailoredPay can help. Typically, our merchants are able to begin accepting credit cards within 3 business days. A Terminated Merchant File is used by processing companies to screen merchant account applicants. The accounts enable acceptance of payments from customers in the US and internationally. This has led the banking industry to classify supplements and nutraceuticals as “high risk” sectors, which in turn requires a more thorough underwriting process before supplement merchants can open a merchant account. Choosing the right merchant account processing solution is a critical decision for businesses. The acquiring bank, or acquirer, is where the merchant keeps a merchant bank account. An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. But be sure the acquiring bank on the back end is different. S. According to statistics from NACHA, 24 billion payments were made via an ACH payment in 2015. While the issuing bank will investigate the. We have the banking relationships and underwriting in place to support nutraceutical supplement credit card processing. Automating the. Account closure can lead to a negative track record, meaning fewer banks will accept future merchant account applications. 3. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. 25. Let a business partner with the best credit history apply for the account; Fill up your bank account with a substantial amount of money;To obtain a merchant account for your collection agency, start by completing our online application. It’s pretty much a fact, that increased business almost always. Many herbal products are also referred to as nutraceuticals. C. eDataPay can set your business up with a nutraceutical merchant account you can trust. RCCs are used for a myriad of commercial purposes and by a variety of industries. The difficulty in getting account authorization with many banks for high-risk nutraceutical merchants in this sector forces them to look for a high-risk credit card processor. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. By leveraging these solutions, businesses can streamline their payment processes, improve cash flow, and reduce the risks associated with cash-heavy operations. Best Banks & Credit Unions in Victoria, BC - Coast Capital Savings, Td Bank Financial Group, Vancity Savings Credit Union, Rbc Royal Bank, Island Savings Credit Union,. S. In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. Multiple payment options. Need Credit Card Processing For Your Supplements & Nutraceuticals? When it comes to online credit card processing, nutraceutical merchants often have difficulty finding a merchant provider that will work with their business model. We do the rest. 770-690-8369. Once a business hits a ratio of 0. Within 4 hours, she called me back with the answers. Executed eSigned Merchant Agreement. Vacation Rental Merchant Accounts. net. We offer: Retail Payments: We can help you process all types of retail payments, including credit cards, debit cards, and electronic checks. WHY CHOOSE US; Choose your Industry. Because nutraceutical vendors are considered high risk merchants, accepting card payments can be a challenge; but not being able to accept these payment methods will almost certainly stifle the growth potential of the business and. PaymentCloud: Best overall. When Instabill representatives are approached about a nutraceutical merchant account, we don’t mince words. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Member Since: 1902. C. Both. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. 1 billion. These businesses are often rejected by standard merchant accounts because of the risk to banks. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. Communication Is A Priority; Meet the Team;For a US merchant account, the merchant typically must have the following: 1) US Bank Account. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. FintechMerchantAccounts works with nutra merchants understand how tough it can be for Nutra business owners like you to get approved for standard. WHERE THE BANKS COME TO YOU. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. There are limited types of merchant accounts that are available in this space. The issuing bank. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. Home; Blog; Merchant Accounts; Best Nutraceutical Merchant Account Providers; Best Multi-Currency Merchant Accounts January 24, 2023. Ready to take your nutraceutical business to the next level? Merchant accounts for nutritional supplements. 95 – 4. under a license issued by a jurisdiction whose government has been identified by the U. These transactions include telephone orders (MOTO) and online. 0 data. Way2pay. Why Join NMA? NMA Member Benefits; From Our MembersFollow these five simple strategies to get you in the best shape to get the supplement company merchant services you need. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. Most conventional banks and Merchant Processors will not provide services to companies like this. The NUTRA business model and high rate of chargebacks are to blame. Nutraceutical Credit Card Processing. Nutraceutical merchants often face difficulties finding reliable payment solutions. If. 3% rate as required by the federal government for sale. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. Durango Merchant Services, on the other hand, has offered solutions for the telemedicine industry for many years. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. This also allows long-distance purchases which increases your chance of a sale. If processors and banks carefully manage the risk associated with RCC transactions, the potential for fraud can be somewhat reduced. MerchantE has direct relationships with several sponsor banks. under a license issued by a jurisdiction whose government has been identified by the U. We at SeamlessChex understand the challenges faced by online supplement businesses, for we excel in managing fraudulent charges and high chargeback rates. Accept Credit Card Payments – as with most online transactions, the credit card payment option is expected in your online pharmacy. Categories . Get started with Zen Payments. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. 50% and an authorization. That said, securing a nutraceutical industry merchant account requires working with a payment provider specializing in providing high-risk credit card processing services to nutraceutical businesses. Overview; Our Partners;. picture identification. We know you’ve probably thought. 06 billion (2018) to $49. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. WHERE THE BANKS COME TO YOU. With an offshore merchant account, it’s easier to process credit card payments under major companies like Mastercard and Visa. S. With online businesses, this convention is the norm. The growth of online bill payments expanded so that Americans are now comfortable paying for goods & services on a regular. With access to hundreds of US and international banks, all payments are covered. 15% with an added $. Menu. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. Learn the differences to keep your high risk merchant account up and running. Businesses in high-risk industries like nutraceuticals may struggle to find affordable payment processing. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. Contact us by phone or live chat for faster service. Accept credit card payments online hassle-free. And many buyers are savvy, they know exactly what they want. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. For some processors, this level of risk is simply too high. In 2018, seven democratic senators launched legislation to slow down the “revolving door” between major pharmaceutical firms and federal bureaus like the Drug Enforcement Administration (DEA) that control them. Unfortunately, a customer may request a chargeback after the payment has already been deposited into your bank account. While traditional banks view companies in this sector as high risk, with a nutraceutical. Documents required getting a Merchant Account for Nutraceutical Business: Personal Documents: Driving License and Personal Bank Statements for the recent 3 monthsWe have the solutions. Here are the top 5 high risk merchants that are mostly likely to process high risk payments. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. This replaced the old rates where the same payment would have cost $4. As a result, it is likely not possible to get a standard merchant account. 2405(j), (iii) located in or operating under a license issued by a jurisdiction that has been designated. Free application with no obligation. Simplify transactions with our cutting-edge method. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, combined with our integration of fraud and chargeback fighting technology, uniquely positions Soar Payments to provide low cost reliable merchant accounts for doc prep related businesses. Results of a transaction (approval / declined) are returned within seconds. No longer will customers call to purchase or. With regulations on payment processing getting more strict, you will need a solution you can rely on. The CHIPS network settles over a trillion USD per day, including about 250,000 interbank payments. Domestic and international solutions with no contracts, low rates and next day funding. Get in touch: (877)-511-3402. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Contact Information Compliancy Nutra and Supplements Merchant Account. 28 billion in 2019, according to Grand View Research. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. 75 on your $500 auction when you put the fees together. Primary Menu. Nutraceutical Merchant Account. ACH Credits. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. Benefits of a Kava Merchant Account Services. Here’s a closer look at the nutraceutical industry, as well as the high-risk merchant A business that accepts credit cards for goods or services. This alert system helps keep. Low cost way to send funds. com is a registered ISO/MSP of BMO Harris Bank, N. Many customers are simply dissatisfied with the effects of the products and opt for returns, meaning that nutraceutical companies suffer from higher-than-average chargeback rates. Most banks in the world dread dealing with nutraceutical industry. Vape and E-Cig Merchant Accounts. eMerchantBroker. Experian estimates that 30% of Americans have poor or bad credit, according to the company’s 2015 Vantage Score 3. It is projected to leap 20 percent by 2019, and reach $6. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. NUTRACEUTICALSNutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. If you sell vitamins, herbal products, or supplements, you will likely have to open a high-risk nutraceutical merchant account with your bank or payment processor. But, RCC is still a risky business for banks and third party processors. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. Merchants who utilize negative option billing to sell physical goods, will be deemed “High Risk Merchant”.