My Bank Won’t Give Me a Merchant Account UK — Here’s What to Do Quick Answer: If your bank has refused a merchant account UK wide, you are not alone — and your high street bank is not your only option. We Tranxact is a Visa-approved UK payment consultancy with access to a wide network […]
Merchant Account Declined UK — What to Do Next Quick Answer: If your merchant account has been declined UK wide by a bank or mainstream processor, you are not out of options. A decline from one provider does not mean you cannot get a merchant account. We Tranxact is a Visa-approved UK payment consultancy with […]
PayPal Alternatives UK — Better Business Payment Solutions Quick Answer: Whether PayPal has frozen your account, your fees are too high or your business has simply outgrown it, there are far better PayPal alternatives UK businesses can access right now. We Tranxact is a Visa-approved UK payment consultancy that connects businesses of all types — […]
Stripe Alternatives for High-Risk Businesses UK Quick Answer: If Stripe has terminated, restricted or declined your account because your business is considered high-risk, you are not out of options. We Tranxact is a Visa-approved UK payment consultancy that connects high-risk businesses with specialist merchant account providers and payment processors that Stripe won’t work with. Fast […]
Quick Answer: When pharmacy merchant account terminated situations occur, UK pharmacies must immediately secure funds held by terminated providers, document termination circumstances, address underlying compliance issues, and apply for replacement specialist merchant accounts. Pharmacy merchant account terminated scenarios typically result from elevated chargeback rates, regulatory compliance failures, terms of service violations, or payment provider risk […]
Quick Answer: GPhC distance selling pharmacies must obtain registered pharmacy premises registration, comply with specific distance selling regulations, and secure specialist payment processing accepting pharmaceutical businesses. GPhC distance selling requirements include prescription verification systems, patient safety protocols, delivery tracking, and appropriate advertising standards. Payment providers serving GPhC distance selling pharmacies require evidence of regulatory compliance, […]
Quick Answer: Visa pharmacy certification is mandatory for UK card-not-present pharmacies using merchant category code 5912 since January 2017. Visa pharmacy certification requires third-party verification from LegitScript or approved organizations confirming GPhC registration, MHRA compliance and adherence to distance selling regulations. Annual Visa pharmacy certification costs approximately £500 and must be renewed yearly to maintain […]
Quick Answer: Stripe, PayPal and Square decline online pharmacies because their restricted business policies prohibit pharmaceutical sales, particularly prescription medications and healthcare products requiring regulatory compliance. These aggregator payment platforms classify pharmacies as prohibited or restricted businesses due to regulatory complexity, chargeback risk and reputational concerns. GPhC-registered UK pharmacies require specialist high-risk merchant accounts from […]
Quick Answer: Nutraceutical company merchant accounts are specialist payment processing solutions for UK businesses operating across the supplement supply chain — including manufacturers, wholesale distributors, contract manufacturers, white label supplement businesses and nutraceutical retailers. The entire nutraceutical sector is classified as high-risk by mainstream payment processors due to health claim regulations, product regulatory complexity, elevated […]
Quick Answer: Payment gateways for nutraceutical businesses in the UK must support supplement e-commerce transactions, subscription and recurring billing, compliant health claim product listings and 3D Secure authentication. Standard payment gateways including Stripe, PayPal and Shopify Payments routinely terminate nutraceutical and supplement businesses because the sector is classified as high-risk. We Tranxact Ltd is a […]