Easy Pay Direct NO LONGER Approving Merchant Accounts for HCG Sites
HCG = Human Chorionic Gonadotropin
Human Chorionic Gonadotropin, commonly referred to as HCG, is a hormone that is naturally produced during pregnancy but was at one point commonly used for weight loss purposes.
The Certified Payment Professionals at Easy Pay Direct make a point of understanding the regulations around selling supplements online. This enables us to help guide entrepreneurs when they’re looking for Supplement Merchant Accounts (or Nootropic Merchant Accounts).
Today HCG can no longer be purchased without a prescription.
The FDA voices that these products are ILLEGAL: http://www.fda.gov/ForConsumers/ConsumerUpdates/ucm281333.htm
Historical post on HCG:
Online retailers selling HCG have had anything but a smooth road when attempting to get approved and set up with a merchant account for their websites. This has mostly been due to FDA regulation crackdowns (and additional rumors of such). The sites that have actually had success opening merchant accounts have encountered numerous issues and many have had their merchant accounts frozen or shut down only weeks later. There was a time when positioning the product in a certain light
Merchant account program could be specifically designed for HCG retailers–adhering to all federal regulations. The FTC was mandating that HCG retailers refrain from marketing HCG supplements as “homeopathic”; which meant zero language referring to a “homeopathic” solution could exist on their website. The FDA was extremely strict about the verbiage for this, so it was important for HCG companies to team up with a merchant account provider that could help guide them through the pitfalls and ensure approval.
Contact Easy Pay Direct at 800.805.4949 for additional information.