Sales from illicit pharmacies and telehealth operations have been responsible for deaths, overdoses, and other adverse health effects from substandard or counterfeit drugs, or prescription drugs sold without a valid prescription.
Because of the risks to consumer safety, Visa and Mastercard require merchants who facilitate card-not-present sales of pharmaceuticals, such as pharmacies and telemedicine providers, to register as high-risk merchants under MCC 5122 and MCC 5912.
In this FAQ-style white paper, created by LegitScript and PaymentCloud, we help telehealth companies learn about the payment processing industry and understand the special approach card networks take to healthcare providers who want to accept payments.
You’ll learn:
- What payment processing is and why you need it
- What high-risk businesses are and how this classification affects you
- Compliance considerations for your business
- How to more easily obtain a merchant account and open up advertising opportunities by getting LegitScript-certified