High-risk online payments in the supplement industry are those transactions that involve a high level of risk due to the nature of the products being sold. These include dietary supplements, vitamins, performance-enhancing drugs (PEDs), and other health or wellness-related items that government agencies may not regulate.
High-risk retail payments may also involve large transactions, posing additional risks to buyers and sellers. Therefore, it is essential for payment providers to understand these higher risk levels when considering working with a business within this sector, as there can be financial penalties associated with processing certain types of transactions.
Additionally, because many of these products are widely available online without regulation, businesses must ensure they take all necessary steps to protect themselves from fraudulent activity. This can include implementing fraud prevention methods such as 3D Secure, address verification, and other measures to ensure the transaction is legitimate.
In some cases, businesses may need to obtain specialized insurance policies or partner with a payment processor specializing in high-risk transactions within the supplement industry. By taking the proper precautions, companies can help reduce their financial risks while still providing quality products and services to their customers.