Prohibited Drug List for Pharmacy Merchant Accounts

Prohibited Drug List for Pharmacy Merchant Accounts

Online pharmacy is one of the most high risk industries in the e-commerce world. Because of strict government regulations that could change at any time, many acquiring banks are afraid to invest in accounts for online pharmacy merchants. Many pharmaceutical businesses choose to open an offshore merchant account, which gives them the same great online credit card processing benefits with a bank outside of the U.S.

However, this doesn’t change the industry’s status as high risk. Merchant account providers like Instabill are always happy to work with online pharmacy merchants, but there are some stipulations that merchants must meet before they can be considered for a merchant account. One of those stipulations is to adhere to the prohibited drug list.

Below is a list of products that online pharmacy merchants cannot sell in order to qualify for an Instabill merchant account: