Get a Merchant Account For Your Drug Paraphernalia Shop

Jul 18, 2017

Do you have a smoke shop hemp supplies and sell legal products such as Bongs, Hookas, Glass Water Pipes, Rolling Papers? If yes, it’s critical for you to find a reputable high risk payment processor to turn to for payment processing as your business is tabbed as high risk.

Banks are very strict with taking on these types of accounts. It’s extremely important that you, as a merchant, follow the below mentioned guidelines so that your site can be approved:

  • Your business cannot promote, market the illicit use of, or make any references to marijuana, cannabis, or any other illegal drug related use.
  • You are not allowed to use any pictures of marijuana leaves or similar pictures either. No references or links to any dispensaries either.

Consider turning to a respectable high risk processor and alternative online lender like emerchantbroker.com. EMB is voted the #1 high risk processor in the US and is named one of Inc. 500’s Fastest Growing Companies of 2016. Emerchantbroker.com is rated A+ by the BBB and A by Card Payment Options. EMB offers exceptional high risk payment processing solutions to merchants of any type and size and the lowest possible rates in the industry. With emerchantbroker.com, you can get a secure and low-cost drug paraphernalia merchant account for your online business.

What Services Are Crucial for Your Drug Paraphernalia Business?

First, you need a reliable and safe credit card processing provider that will offer payment processing solutions geared to the needs of your particular smoke shop hemp supplies. EMB handles both Retail Shops and Online Ecommerce websites and is compatible with such payment gateways as Authorize.Net, 1st Play, eProcessing Network, Inspire Commerce, NMI, and more, and offers its own gateway.

Second, you need extremely secure processing that will work with banking processes both in the US and abroad. You should look for a credit card processing solution that will allow processing any major credit card that consumers might offer to pay for the product that your company is selling.

Third, you need a reasonable price for payment processing. So, you should look for a relatively affordable credit card processing solution.

Fourth, you need to find a credit card processing solution that will allow you to accept consumer payments in a number of ways, including via the internet, over the telephone or even through the mail.

If you’re on the lookout for a drug paraphernalia merchant account, it’s vital to find a quality credit card processing solution that will help you quickly and safely accept and process payments from cannabis customers. Choose a company like EMB that has an excellent reputation and is experienced in providing quality high risk credit card processing services.

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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