Do You Need Payment Processing For Your E-Cig Store?

Oct 24, 2013

With the sales of cigarettes changing all across the country, it is no surprise of a change in the e-cigarette industry. Finding a merchant servicer that wants to do an electronic cigarette merchant account may not be the easiest task of the day. This account will likely fall into the high-risk merchant account area, but don’t panic. A lot of today’s accounts are bound for the high-risk arena.

If so

You need to be shopping for a merchant account servicer that is familiar with your e-cigarette type of business. Your local bank is not going to be prepared for what you need. Take the time to start looking at what you require. If they have the ability and the desire to work with e-cigarettes, they will advertise it on their site.

A lot of places

An increasing amount of places don’t want to work with e-cigarette businesses because of the possibility of chargebacks. As long as you are on top of your notifications of chargebacks, then it won’t be an issue.

What is a chargeback?

Plainly put, it’s just a refund. But this comes from the card holder’s bank. No one wants chargebacks. It takes away from everyone’s bottom line. If you make a point to work out any issue with your customers, then you shouldn’t have a large number of chargebacks. Most businesses deal with chargebacks by refunding the cardholder cash when they return a product. That is something that you will have to figure out. With an online business, you can’t just hand over cash to everyone that requests a refund.

This falls under company policy

As a business owner, the chargebacks online should be thought out completely, and when you decide what to do, don’t forget to make it the company’s policy and post it on your site as the customer is purchasing something. As an example, note that they can have a coupon sent to them instead of a refund. Not that that is a perfect way to deal with it, it’s just an example to get your mind working on how to deal with it.


As a high-risk account holder, you may be asked to have a reserve account, especially if you have never had a merchant account. Don’t be dismayed, just be prepared. As a certain percentage, each day will be held in a reserve account until your trial period is complete. Once it is over, your reserve money will be returned to you in full.

It’s very simple

It’s not that hard to follow the rules and work out the kinks for your e-cigarette merchant account. Figure out what you want for your online store and how to get things running smoothly. Like any business, there will be issues until you feel comfortable with the way things run. So, don’t be frustrated when it doesn’t all work out the first time on the runway. Just know that we all want you to succeed and can’t wait to see you up and operating. Best wishes!

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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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