The secret is out and has been out for quite a while. E-Cigarettes are here to stay. Some users are sold on the fact that they are not inhaling damaging smoke. Others see smoking the e-cigs as a way of having their cake and eating it, too. The state and local governments cracked down on traditional cigarette smoking in bars, restaurants and city and state land. Proponents are smoking vapors and not tobacco. Some see that smoking e-cigs is less expensive than traditional cigarettes. If you want in on this booming industry you need to open a vape shop and you definitely need an electronic cigarette merchant account – even if you plan to sell on line.
One sector of the American Dream is to have your own business and being your own boss. You call the shots. And you take the risk. Experts say that the average cost to open a Vape Shop is around $30,000. Of course, this depends on where you are geographically both in the US and in your city where rents can vary considerably. Your overhead will be cut drastically if you sell online, but you will incur online marketing costs. There is a necessity you must have whether you are brick and mortar or e-commerce: an electronic cigarette merchant account. You cannot operate without accepting credit and debit cards.
Even though the large tobacco companies have entered into e-cig manufacturing and distribution, it is still considered to be a high risk industry according to the credit card associations. One reason is that the industry is not yet regulated. What would happen if they had thousands of e-cig merchant accounts running and the Feds came up with legislation similar to tobacco? All the accounts would close and the processors and banks would be left holding a giant bag. This is an unlikely scenario. However, banks and conservative credit card processors are not in the risk taking business.
If you are entering this industry you need a high risk specialist on your side. You want a company like EMB that deals with electronic cigarette merchant accounts on a daily basis. They know all the nuances and ins and outs of your business. They have a world class customer service department that also understands you specific and special needs.
When you apply with EMB you are not required to have your own Visa and MasterCard license and there is never an application fee. Plus multiple secured gateways are offered.