Are Tighter Controls On E-cigarettes Coming?

Jul 25, 2014
e-cigThe electronic cigarette market is seeing a boost not only in the sales of the products but also in the products available, with an estimated 240 new flavors appearing on the market each month used to fill up the e-cigarette. Many of these flavors are new to this type of product and market, they can range from a mint flavor right through to cotton candy.

The benefits this has on the market reflects in the sales and the amount of people currently switching to the e-cig, rather than smoking a tobacco based product. This means it is a great time for businesses to stock these items, increasing the sale potential overall.

Ensuring you have the facilities in place for accepting payment from customers via credit or debit card is essential for most businesses and sorting out an electronic cigarette merchant account for your business, will grow your business potential.

Many states are considering their position in relation to e-cigarettes, how to view them as a potential source for taxation and if any new regulations required; Minnesota is currently the only state that taxes e-cigarettes at the same rate as tobacco products.

The companies that are producing these products and the businesses selling them have limited restrictions in place. Industry regulations will come into force but the timing for this is still unknown, the aim is for regulations to prevent the sale of the e-cig to children and to warn users of the dangers associated with using nicotine products.

What campaigners don’t want is for the market to become restricted and effect the booming business associated with the electronic cigarette. Businesses are finding that this product is selling great, generating a boost for the economy.

What is important for all those involved in the market, there are no current signs the popularity is on a decline, they are still attracting people’s attention who are looking to give up tobacco products. This is good news for the health industry too; there is no evidence that can prove that e-cigarettes are better for your health, but if you are taking in less nicotine, then it follows these are better for the health and the well being of those people using them, instead of using a tobacco product.

For an electronic cigarette merchant account call 1-800-621-4893 or click on the button below

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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