Get The Best Merchant Account For Your Online Cigar And Tobacco Shop

Mar 24, 2017

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.

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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