FDA’s Regulations for E-Cigs

May 21, 2018

Are you running an electronic cigarette business? Do you need to open an electronic cigarette merchant account? What to expect from FDA’s deeming regulations in the field? How can you obtain a reliable e-cig merchant account easily? Just read below and you’ll know.

Electronic Cigarettes and Other Products: Get a Merchant Account

The use of tobacco represents the single largest preventable cause of disease and death in the US. Since 2009, the Food and Drug Administration (FDA) has regulated cigarettes, smokeless, and roll-your-own tobacco. The FDA is faced with a new wave of legal challenges over its rules for e-cigs.

The Pacific Legal Foundation filed lawsuits on behalf of the businesses in the vaping industry. These lawsuits were filed in the District of Columbia, Minnesota, and Texas.

When did the FDA take control over e-cigarettes, cigars, and hookah? It happened in 2016 when the FDA expanded the definition of tobacco products. The FDA was planning to require such products to undergo review. These products were on the market as of Aug. 8, 2016. The review had to start after the FDA’s deeming rule was enacted.

Many medical organizations have filed suits against the FDA. They think the delays in the regulation of e-cigs and cigars will undoubtedly expose children and teens to flavored and other tobacco products of this type in the upcoming years. The FDA finalized a rule to keep all tobacco products under regulation.

With this in mind, it’s critical to turn to a reputable credit card processing company like eMerchantBroker.com to get approved for a reliable electronic cigarette merchant account without challenges. EMB is the top payment processor in the US and is rated A+ by the BBB. eMerchantBroker.com is focused on providing merchant services tailored to your own business needs.

FDA’s Deeming Regulations

The American Lung Association and others have recently filed a lawsuit in federal court concerning the FDA’s 2017 decision to let the products stay on the market by delaying the deadline for applying for regulatory review.

The American Academy of Pediatrics and its Maryland chapter, the American Cancer Society Cancer Action Network, Campaign for Tobacco Free Kids, the Truth Initiative, and the American Heart Association, together with 5 individual pediatricians are among the other plaintiffs.

This is the second time the FDA has been sued by the Campaign for Tobacco-Free Kids. The first one occurred in 2016. At that time, it joined other organizations so to make the agency to require to put graphic health warnings on cigarette packs and use advertising.

The group filed the new suit with the American Cancer Society Cancer Action Network, American Heart Association, American Lung Association, Truth Initiative, American Academy of Pediatrics, Democracy Forward, and several individual pediatricians.

What do the attorneys for the legal group think about this? Well, they argue in court documents stating that the Deeming Rule enables all manufactures of vaping products or those who sell them to obtain FDA’s pre-approval before engaging in truthful speech related to that product’s health and related effects.

So, if you’re in this industry, you should take the right steps, taking into account the recent changes in the field. To obtain a secure electronic cigarette merchant account, apply to a reliable high risk processor.

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 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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