E-Cigs Look Like They’re Here to Stay | Electronic Cigarette Merchant Account with EMB

Nov 24, 2014

Since the growth of the electronic cigarette and the popularity of the product, this business area is booming. These cigarettes are different and not part of the standard regulations and this gives people who use them more opportunities to do so.

Smoking in some public places have seen a ban in recent times, depending where you live. These electronic cigarettes don’t have restrictions on their use, meaning it is possible to use electronic cigarettes in places where the ban on smoking exists.

To step away from the image of smoking, these cigarettes are choosing their own trendy name when using the product; ‘vape’ is the new word for smoking an electronic cigarette.

What is important to realise is that this trend is still growing and growing strong and is a great business potential. The variety of products available is a great business opportunity, from the actual e-cigs to the vapours that you can purchase in a number of different flavours.

However, you will need to consider an electronic cigarette merchant account to deal with customer payments using their debit and credit cards. The nature of the business will mean that you will require a specialized merchant account provider who deals in high-risk businesses.

There are some great options where merchant providers understand that just because their business is high-risk doesn’t mean the service they receive should be inferior or even priced unrealistically. Finding the right merchant account provider who offers great service at the right price for you and offers your customers a secure system that will keep their details safe, is not impossible.

Therefore, if you are looking for a business opportunity that is still growing and has a high potential for success then you might need to consider the electronic cigarette market. It has the potential for growth and development for the foreseeable future.

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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 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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