Mobile wallet payments are big news, and consumers love their ease and convenience. While big news, many e-cig merchants are not offering to accept these payments. You need to. If your current e-cig merchant account provider does not allow you to, it is time to look elsewhere for your merchant account services.
One of the biggest mobile wallet names is Apple Pay. Even amidst a soft hacking, consumers are still using it at a record pace. The ease and convenience of scanning you phone instead of digging a plastic card out of your wallet has turned many onto the technology. It is catching on fast, and many retailers are beginning to accept these payments. However, many high risk merchant account processors do not provide the service, so it could leave those with e-cig merchant accounts in the dark, and out of some dough. You need to look at your options, and consider switching to another processor, if yours does not accept mobile wallet payments.
While high risk merchant account processors cater to those who have a higher risk of fraudulent activity, it does not mean that they want to deal with the fraudulent activity. Few actually provide the access to mobile wallet payment acceptance. One of the few is EMB. EMB is big in the high risk industry, as it is the #1 rated high risk processor in many surveys amongst industry professionals. In addition, EMB was one of the first to embrace e-cig merchant accounts. We are experts in the e-cig merchant account-processing field, and we know what helps and hurts our businesses, and mobile wallet payments help.
With mobile wallet payments booming, businesses that do not, or cannot, accept them will only hurt in the long run. That is why we at EMB allow our high risk merchants to accept mobile wallet payments. This is regardless of the company type. All businesses deserve the chance to succeed, and by having an EMB high risk merchant account, you are helping your business succeed.