Merchants in Search of an Electronic Cigarette Merchant Account

Aug 28, 2014
SPOT-ON-VAPE-7Electronic cigarettes, or e-cigs, are all the rage. They are not age-limited, as users from 18 to 80 seem to love them for their cigarette-replacement. While doctors and lawmakers are still at odds over if e-cigs are safer than traditional tobacco cigarettes, consumers are buying fast. Another aspect that e-cigs offer is flavored “vapors”, the substance that omits tobacco or non-tobacco taste. Flavors include traditional tobacco, grape, mint, and vanilla, to name a few. These help keep the trend alive, and help keep businesses booming for e-cig merchants.

This is the perfect time to invest in an e-cig company. One of the first things you will do is locate an electronic cigarette merchant account provider. It seems easy enough, right? Wrong. The vast majority of banks and merchant account providers will not accept electronic cigarette merchant accounts, because they tend to be at a slightly higher risk of garnering fraudulent activity, as compared to other companies. What you need is a merchant account provider that specializes in electronic cigarette merchant accounts.

At eMerchantBroker we know that e-cig business is booming. We are experienced in the ups and downs of the business, and we keep on top of local, state, and federal changes that may affect your business. EMB offers top of the line terminals, software, and security systems, to help keep you and your customers’ information safe. A lot of people are weary of using plastic cards as payment, thanks to the recent Target and UPS data breaches. Our advanced security will help keep you and your customers at ease. Now, you can always forgo a merchant account, however you would not be able to accept plastic card payments. This would dramatically decrease your business, and no one wants that. Be sure to contact us today to learn more about your electronic cigarette merchant account options.

A merchant account is a must for any business, especially an e-cig business. A merchant account allows you to accept plastic card payments, and considering that the vast majority of Americans pay with a plastic card, not having one can severely damage your business.

Contact eMerchantBroker to learn more about the merchant account options available to you

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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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