If you have an online business that sells any sort of tobacco products, you are going to need a tobacco merchant account that specializes in high-risk businesses. The potential for this type of business to fail on paying the tax due is great and for this reason, any business that sells tobacco products is high-risk and needs a high-risk merchant account.
This doesn’t mean it isn’t a great business opportunity, a number of different products are available and there is a solid customer base for the demand for the products. With the high demand for e-cigarettes and a new wider audience for these products, the opportunities for a business-focused in this line have great potential to draw in new customers and experience business growth.
Offering payment options that allow customers to choose how they wish to pay for their goods, opens up your business to a wider audience.
It is easy to apply for an online tobacco merchant account with eMerchantBroker, as long as you have no criminal convictions and if you have had a merchant account in the past and you didn’t exceed a 3% chargeback rate, there is no reason why you shouldn’t apply.
The recession and the downturn in the economy did affect all markets; however, the tobacco industry has fought back with the introduction of new products including the e-cigarette, which has found a new wider audience than previous product ranges.
Even with the negative image that the tobacco industry is facing this hasn’t stopped the market from being flooded with products and an audience who is willing to purchase these products too. Combining products that are in high demand with a business that offers credit and debit card facilities makes great business sense.
Therefore, if you are considering a new business venture the tobacco industry is looking for a positive investment opportunity, which might be worth considering.
eMerchantBroker has low online Tobacco merchant account rates!