E-Cig Merchants Watch Out, Fakes Are All Around

Mar 18, 2015

E-cig, or electronic cigarette, merchants know the industry is big business. While sales are up, merchants need to watch out for fake products. While most merchants are careful to vet their suppliers, not everyone is careful. Also, not all suppliers check out who their product came from, which can lead to even bigger issues down the road, if there is a recall. This can lead to disaster, and possibly lawsuits. Below, you will learn a few tips to make sure that your electronic cigarette business is protected from potential fake products.

First, make sure your products are manufactured in the United States. While some foreign products are perfectly safe and legitimate, many are not. Production regulations in other countries are different from our own, and at times, electronic cigarettes and their vapors and produced in plants that produce other chemical substances that can easily cause havoc when something is mixed up.

Also, make sure to check with OSHA and state boards to make sure that the plant and distributor in question do not have faulty record, or any recalls. Of course, one recall does not make a distributor or plant inept, but it could easily happen again, if they have not changed their ways. Just be sure to thoroughly research a company before making a purchase.

You need to make sure that the actual product is legal. There has been rambling of some strengths of formulations of vapors being banned or limited. Non-nicotine flavored vapors have long been targeted, as law makers believe that these could influence people into graduating from non-nicotine vapors into nicotine vapors, or even regular tobacco cigarettes. While there have been no studies done to back this up, it is still something that you need to watch out for, as purchasing a large quantity of a product that you cannot sell, and cannot return, can quickly prove hazardous to your business.

Another key to making sure that your business stays away from fake materials is to seek the help of your electronic cigarette merchant account provider. Electronic cigarette merchant account provider, like EMB, can help fill you in with the latest uproar in the industry, as well as recommended outstanding companies for you to purchase from.

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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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