Jan 14, 2015

What You Don’t Know May Destroy Your Tobacco Business

Are you an online tobacco retailer? Then you may be subject to steep FDA penalties if your tobacco products are not compliant with the FD&C Act. Last year, six online retailers received warning letters from the FDA for selling “across state lines a tobacco product subject to a Not Substantially Equivalent (NSE) Order.”  If your business receives this letter, your products...

Nov 26, 2014

Tobacco Rates Are Likely to Climb

Tobacco rates are notorious for going up and down… but mostly up. It should be no surprise that tobacco rates are about to climb again, but this time are not well known. Above all, if you sell tobacco products, you need to be ready for this change, and make sure that your tobacco merchant account processor is ready as well....

Oct 13, 2014

Merchant Account Solutions for Your Online Tobacco Business With eMerchantBroker

If you have an online business that sells any sort of tobacco products, you are going to need a tobacco merchant account that specializes in high-risk businesses. The potential for this type of business to fail on paying the tax due is great and for this reason, any business that sells tobacco products is high-risk and needs a high-risk merchant...

Aug 12, 2014

The Changing Tobacco Industry | Online Tobacco Merchant Account

From ‘Call for Phillip Morris’ to ‘Winston tastes good like a Cigarette should’ – we really have ‘Come a long way Baby.’ In the 1950s tobacco farming was the cash crop for the deep South. With changes in laws plus the huge increase in federal and state taxes on a pack of cigarettes, the economy of the tobacco states and...

Jul 31, 2014

Turning Back Time on The Tobacco Industry

The American tobacco industry is changing; the face of the tobacco industry is going back to its roots. In 1911, the then government decided that the American Tobacco Company was too large and monopolized the industry; they ordered the split into smaller companies. The recent proposal for the purchase of Lorillard into the Reynolds American business, it is going back...

Jan 18, 2013

Online Tobacco Merchant Accounts

Because of high risks involved, online tobacco stores face many obstacles. At eMerchantBroker.com we can help make setting up your online tobacco store easy with our credit card payment processing. We are experienced at handling merchant accounts for online tobacco companies, and are very familiar with online tobacco sales restrictions. Because of underage tobacco restrictions and public health issues, traditional...

Dec 07, 2012

Merchant Account for Online Tobacco Stores APPROVED

Setting up a merchant account for an online tobacco company is not an easy process. Even if you sell electronic cigarettes, getting approval for a merchant account from a traditional provider can be something of a nightmare. This can severely hinder your ability to process credit card transactions cheaply, forcing you to rely on other payment methods or deal with...

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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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