Electronic Cigarette Business Exploding in L.A.

May 27, 2014
images (1)

Electronic cigarettes are taking off across the United States. Analysts even suggest that sales of e-cigarette products could surpass tobacco sales in the next ten years.  This is no surprise as projected product sales could top $1.5 billion this year.

Meanwhile this explosive growth has sent lawmakers into a frenzy to control the industry. In California, Assemblyman Roger Dickenson (D-Sacramento) proposed a new bill which would effectively place a ban on online retail sales of all tobacco and e-cigarette products statewide. He alleges that the ban could provide some regulation and safety, especially in regard to protecting minors and their access to these products.

The chief of the L.A. County Department of Public Health is also pressuring the California government. He feels that multiple large tobacco companies, which are behind some of the biggest e-cigarette lines on the market, are trying to deglamorize smoking. This would render years of work a waste he argues.

The Food and Drug Administration has found inconclusive results in regard to the health effects of e-cigarettes, though it plans to impose regulations regarding the manufacturing and sales of e-cigarettes and their products.

This all comes after many California city bans on the public use of e-cigarettes. Even the federal government is beginning to scrutinize the marketing of e-cigarette devices.

Meanwhile many of these new laws and bans have left entrepreneurs in the vaping industry upset. Many entrepreneurs have joined the industry creating small businesses in the last years to provide for an industry that is growing rapidly. The wave of new regulations could significantly impact these businesses providing e-cigarette products. The electronic cigarette merchant account is that their businesses are contributing to the economy and too many regulations would negatively impact not only their businesses but also the economy. The electronic cigarette merchant account of the situation is much more geared toward minimal regulations. Many feel that they e-cigarettes aren’t nearly as harmful as tobacco products and feel the impending regulations are unfair.

Electronic cigarettes are a booming industry though lawmakers are seeking to rein it in and control it. Electronic cigarette merchants, paint a picture of people being free to use devices unrestrained as they wish.

If your shop is in need of an electronic cigarette merchant account, contact us today!

btn_start_now

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