E-Cig business is smoking hot!

Oct 24, 2013
smoke

The e-cigarette has been shooting off the shelves. Whether you are a seller online or have a smoke shop somewhere across the country, your profits have gone through the roof. Customers prefer the e-cigarette to the actual cigarettes because they smell better and they taste just as good. http://bit.ly/1g0yuNo

If you have started a new business with cigarettes in mind, you will need a merchant account. Come to think of it, you will need an e-cig merchant account. Be aware that you fall in the high risk area of accounts.

High risk?

You’re probably wondering why you would fall into a high risk? You’re just a mild mannered business owner that works hard and doesn’t cheat anyone. Why would you fall into a high risk category? It’s not you, it’s them. Well…… what it really is for…..is the possibility of a chargeback.

Chargeback?

Yes, a chargeback. That is just a special word for refund. It really just means that if the cardholder goes to its bank and asked for the money back, they want to make certain you, the business owner, will pay back that money.

A chargeback is something you need to stay on top of. If the cardholder, or rather customer, wants their money back, you need to take care of them. Remember, somewhere in your training when you were a young whipper snapper, that someone taught you that the customer is always right. Well, they were right! The customer is the one that pays the bills. The customer is responsible for positive or negative advertisement, known as word of mouth. Customers need to be taken care of no matter what.

Find a way

The e-cigarette sales are topping $1.8 trillion for just one company. http://buswk.co/1a7CM2h Imagine if you had just one percent of that? All it takes is a merchant account, great customer service, and a wonderful product that people come back for time and time again. So, it’s important to take care of any issues that customers have. You make a friend of that customer, and you will have a customer for life.

It’s smokin’ hot

Make a business plan and work the business. Get things rolling so that it will support you and your loved ones. Starting a new business is always risky and you work more than you have fun. Just take the time to make time for everything else in your life. You are in charge and don’t waste the extra hours. If you have kids, make them a priority. Then delve into your business. With your priorities in check, you can’t fail. You have everything where it should be and if you love what you are doing, it makes it so simple to be at work. Why? Because hours fly by and you didn’t even notice it happening. That’s the kind of business to have. When it’s a struggle and time just scoots by second by second, it means you didn’t choose well.

So, with this electronic cigarette business skyrocketing,  if it’s something that you would love to do, then it should be a good fit. Go join the jet setter’s and make some bodacious income!

Merchant Accounts - Merchant Cash Advance

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat