Best Online Pharmacy Merchant Account
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Online Pharmacy Merchant Account Required Criteria
- Online Pharmacy must be VIPPs or Legit Script certified
- Provide An executive summary that describes the company, who the owner and key personnel are and their experience.
- Any domain name used to facilitate the sale of prescription medicines be registered accurately, non-anonymously, and to the merchant
- The merchant discloses, on the website, contact and location information for all dispensing pharmacies and other suppliers
- The merchant must provide Pharmacy licenses in each jurisdiction where the merchant offers to ship prescription drugs to, or provide information showing
- that the jurisdiction explicitly recognizes pharmacy licenses in the merchant’s jurisdiction.
- The pharmacist license for all pharmacists and any physician or other medical practitioner employed by or contracted with the business.
- Policy documents that pertain to consent agreements with governing authorities, applicable privacy protection laws, adverse medical event reporting, shipping procedures for heat sensitive medications, and document retention plans, etc.
- Provide Information about the pharmacy merchant’s source of, and supply chain for, the drugs it receives.
Other Required Financial Information For Your Pharmacy Business
• Current Balance Sheet and Profit & Loss statements.
• Two years of Business Tax Returns. If business is less than two years then you must provide most recent two years of personal tax returns.
• The last three months of processing statements from current processor. If with a third-party processor then provide copies of online statements.
• Last three months of commercial checking account bank statements
• If you are a brand new business, then you will need to provide a detailed business plan and statements with sufficient capital in your checking account.
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