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One has to make sure that his online payments are secured. He should follow a few steps in order to do that. He may start by creating his own website. If he does not possess the adequate web design skills, he may hire a professional

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

web designer to create a custom website. He may also use an online site builder for this purpose. Unique templates and customized websites to specific needs are the benefits of hiring an adept web designer. Furthermore, A web develop

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ent team can add flash headers or programming needed for the site, making it more lucrative. A custom designed site is a must if one’s company image is critical. On the contrary, an online site builder is a budget friendly approach w

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

hich quickly gets the job done sacrificing the uniqueness. The second step involves setting up an e-commerce store. By having an e-commerce shopping cart, one can provide a way for his customers to bring their purchases to the cash r

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

gister. The chosen program will allow him to enter his product in the database, allowing shoppers to pick products when they click on “Add to Cart”.

Well known shopping carts include Miva Merchant and osCommerce which lets you do va

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

rious tasks like setting/charging tax, billing customers, receiving payments via offline/online methods and most importantly – adding, editing or erasing product categories and related information etc. The third step is basically get

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ing a merchant account and payment gateway. When customers arrive at the checkout counter, one needs a way to transfer their payments from their credit card accounts to his bank account and the method usually depends on the sales vo

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

lume. An e-commerce merchant account coupled with a payment gateway will definitely suffice when the sales volume is high. A merchant account provider sanctions the transfer of payments to your account while a payment gateway transfe

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

s the information from the customer’s financial institution to one’s. Most of these accounts have setup charge, transaction fees, monthly fees and statement fees. However, the overall cost will be comparatively lower if the monthly s

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ales volume exceeds a thousand dollars. By using a third party credit card processor, one can substantially reduce the transaction fees. For instance, customers can send payment through PAYPAL via money or credit card that they trans

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

er to their PAYPAL account. While the fees per transaction are higher than with merchant accounts, there will be no monthly or setup charges; in addition, there will not be any requirement of a payment gateway. This way, payment will

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

occur only when there is financial transaction.

If one encounter chargeback from a customer while selling online, it can literally mean disaster. Most merchants would not bother going after the customer because of the cost and time

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

to do so. Chargebacks seems to be unstoppable now-a-days, despite all those good fraud services. No matter how efficient a fraud screening service is, there seems to be no way to prevent chargebacks. However, there is one solution wh

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ich you can avail in order to prevent chargebacks from hurting your bottom line and it’s called PreCharge.

Similarly to Telecheck, Precharge will get pre-approval for a customers charge before the purchase. Precharge will go after t

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

e payment on the client’s behalf if there is a chargeback. Only preCharge offers the Guarantee Chargeback Prevention Warranty which means one will not be liable for a single chargeback if he receives a chargeback while using the preC

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

harge certified payment program. It will be there for the client when he receives a chargeback. Precharge certified payments offer a lot of benefits. It does not require user registration and it’s fully user transparent. Precharge co

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

es complete with augmented order processing and complete international transaction support. The experienced and adept staffs are always there to provide professional solutions. Simply put, precharge simultaneously ensures one’s merch

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ant account, gateway and order processing.

Precharge ensures that the clients always get the best service. It reimburses eligible merchants for transactions within forty five months. It also carries out extensive research and docume

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

tations and feedback activities for the clients’ convenience. The final step is to create a secure payment environment. SSL (secure sockets layer) certificate enables one to receive secured credit card information from the customer

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

s. Some web hosts offer SSL certificates as part of the whole hosting package but they can also be bought separately. By following the above mentioned steps, it is expected that one would be able protect his online payments with ease

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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