FDA is Getting Nosy with “Low-Risk” Tobacco

Apr 23, 2015

The FDA is looking into “low risk” tobacco alternatives, such as electronic cigarettes. While customers continue to flock to the e-cig, the FDA and others are investigating claims that they are not any safer than traditional tobacco cigarettes. While the verdict is still out, and probably will be for many years, customers will still continue to buy e-cigs. Even though the data is known concerning the safety of tobacco cigarettes, sales are still soaring. As an online tobacco merchant, you should be aware of any changes that the FDA may push onto the market.

E-cigs, or electronic cigarettes, are gaining popularity for many reasons. From the price point to the ease of use, to the supposed safety of the device, customers are throwing out their traditional tobacco cigarettes to switch over. However, while some evidence supports its safety, other evidence does not show that it is any safer an option. This is why the FDA is looking over the product. The FDA is looking to change the way that online tobacco merchants market this product, as many market them as the safer alternative.

Due to the potential changes, you need to make sure that the company you have your online tobacco merchant account with is ready. If not, you need to make the switch to EMB. With EMB, you not only get a merchant account, but also the expertise of one of the top-rated high risk merchant account providers in the nation. We were one of the first merchant account providers to provide e-cig and online tobacco merchant accounts, and our staff has years of experience and training dealing with these products, and relating issues. Many times, these businesses end up with fraudulent charges. We understand that fraudulent charges happen from time to time, and that they are normal in the industry. We will not punish you or your merchant account if you are hit with fraudulent charges. Instead, we will use our abilities to help you figure out if it is actually a fraudulent charge.

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

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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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