Get Your Own Share of the $1 Billion and Growing Vape Market

Feb 13, 2015

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.

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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