Pharmacy Merchant Account.
Without question, you can make a lot of money in pharmaceuticals. In 2014, biopharmaceuticals alone made $1.2 trillion in the United States. Considering that big footprint for one part of the industry, it’s no wonder many smart people get into the drug business. While there are perks to this work, there are also challenges. For one thing, many banks and credit card processors see the industry as being high risk.
Why Are Pharmaceuticals High Risk?
What is it about pharmaceuticals that seem so risky? First, there’s the issue of human contact. Any product that people ingest gets more scrutiny from government regulators than other products. Even drugs for pets need more review than products that dogs and cats don’t ingest. That means there’s a high hurdle for these products to make it onto actual or virtual store shelves.
The Risk of a Recall.