Online tobacco and electronic cigarettes industries are still classified as high risk as they deal with strict government regulation, complications, and high chargeback rates.
Online Cigars and Pipe Tobacco Industry
In August 2016, the US Food and Drug Administration (FDA) finalized a rule that extends its regulatory authority to all tobacco products such as e-cigarettes, cigars, and hookah (also called water pipe tobacco) and pipe tobacco, aiming to improve public health.
Since June 2009, after the Family Smoking Prevention and Tobacco Control Act was passed by Congress and signed by the President, the FDA has brought cigarettes, cigarette tobacco, roll-your-own tobacco, and smokeless tobacco products under its regulation.
Now, the FDA regulates all tobacco products such as hookah, e-cigarettes (also called electronic cigarettes or electronic nicotine delivery systems (ENDS)), dissolvables, smokeless tobacco, cigarettes, all cigars, roll-your-own tobacco, pipe tobacco, and future tobacco products that fall under the statutory definition of a tobacco products and the manufacturing, distribution, and marketing of tobacco products.
Online Tobacco and Electronic Cigarette Merchant Account
Congressional supporters of the tobacco industry have proposed legislation to help e-cigarette companies avoid rules adopted under President Barack Obama. Through the “FDA Deeming Authority Clarification Act of 2017,” lawmakers attempt to set FDA policy back to the point it was before the agency established authority over cigars, pipe tobacco, and vapor products like e-cigarettes.
Today, it has become vital to find a true professional in the field like emerchantbroker.com (EMB) that is familiar with all the challenges of the e-cig and online tobacco industry and can successfully handle electronic payment processes.
EMB boasts an A+ rating with the BBB and A by Card Payment Options. EMB knows the challenges of your business model and understands the government scrutiny concerning tobacco and online tobacco shops as well as the challenges that you face in the e-cigarette sector.
If your business deals with online cigars and pipe tobacco, and your chargeback rate is less than 3%, EMB can get you the right merchant account geared to your business wants and needs. Being the #1 high risk payment processor in the US, EMB is built on experience and knows your high risk business best of all. With EMB, you can enjoy proven support, speedy signup, and real results.
