E-Cig merchants should already know of new changes surrounding many states and e-cig sales. The changes involve the inability in many states to sell to minors, i.e., those under 18 years old. While the change is strictly watched in law enforcement, many do not realize that these changes are also being watched by merchant account processors. While fake ID’s are becoming more and more advanced, there are ways that you can combat the fraudulent ways some attempt to obtain e-cigs while underage. One of these methods is not well known, but it is becoming a big help to those in industries where age verification is necessary.
Age verification merchant accounts are a great resource for those who are selling items that involve the age verification process. Many times, eyes can be fooled by a fake ID, and sadly some clerks do not ask to see an ID, even when it is law. An age verification merchant account can help you bypass human errors. While this is a godsend for those in various industries, as mentioned above it is not well known. And, being not well known also means that very few merchant account processors offer the option.
The reasons for this vary, but one of the biggest factors could be that it falls into the “high risk” category. High risk merchants are every day, normal businesses, but they have a higher rate of fraudulent charges. This makes them high risk to merchant account providers, as these fraudulent charges cost the processor as well as the merchant. These charges can be upwards of 270% of the original charge, so it is easy to see why many processors do not deal with high risk companies. However, it can be aggravating if you are a high risk merchant, such as an e-cig merchant. There options, and you just need to know where to look.
For an age verification merchant account, you need to look no further than EMB. We at EMB know how difficult it can be to operate your high risk business effortless, but with caution. With our age verification merchant account, you can do just that.