PART I: The Submission Process and Requirements
Although PayCompass is currently NOT accepting peptide merchants, there is still a process in place for this type of merchant.
Key criteria when submitting peptide merchants:
- No start-up businesses
- Minimum $50k/mo
- Pre-Application PayCompass Pre-Application_1.0.pdf
- 6 months of clean and good processing
- 6 months of banking statements
All peptide submissions will be submitted to apply@paycompass.com
PART II: Direct Feedback from High Risk Sponsors
From Jason at GOAT:
"As far as peptides, they are very challenging but we have a solution or two. Problem is, they are only considering B2B and typically are only interested in merchants with significant volume/history ($100K/month). If you have a prospect, please feel free to send their URL/statements and we’ll definitely consider."
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From Joey at GOAT:
"It depends what type of peptides. If they are prescribing legal peptides like GLP1 or Ozempic that's fine.
If they do it CNP, they need to be legit script certified.
Other peptides like TD 40 - BP157 are not allowed to be sold or prescribed unless for testing purposes only. If they are selling these types of peptides they must prove B2B or go through an untraditional solution which we don't have at the moment.
You can not prescribe peptides like BP157 to patients because it's illegal. You wouldn't even need to prescribe them because you can't get them at a pharmacy."