Open a Head Shop Merchant Account with EMB today!

Sep 23, 2015

The strict regulation of tobacco makes it a high-risk business, at least in the eyes of conventional financial institutions. Today, you can’t deal in tobacco products without the knowledge of the government and even then, you’ll be required to adhere to a strict code of conduct otherwise you may be sued and get your business closed.

This is nothing new considering that the government has always tried to protect the general population from the alleged harms of tobacco and tobacco products. Therefore, manufacture, sale, and/or distribution of tobacco products is highly regulated right from the local government way up to the federal level.

These concerns leave conventional financial institutions with no alternative but to practice utmost caution with merchants in the industry. Unfortunately, merchants in the e-cig industry aren’t exempt. Although e-cigs are widely considered a harmless alternative to actual tobacco products, the government is increasingly putting measures to control access to such products. With a recent CDC report indicating that the number of youths using e-cigs tripled between 2014 and 2015, the government is moving swiftly to ensure that persons under the age of 18 do NOT access the products.

It’s a very complex situation indeed since studies also show that most under-age users order the products online using credit cards that don’t belong to them. This causes a real fear of chargeback. Moreover, no financial services provider likes to get involved in court cases involving minors. This is probably why your local bank may refuse to provide you with a payment processing account for your online cigarette business.

Get your online head shop merchant account from EMB today!

Fortunately, eMerchantBroker (EMB) is now providing such services. If you run an online head shop, then you need to visit EMB today to open a head shop merchant account.

There are several benefits of having an online payment processing account.

  • Accept all the major credit cards – this is perhaps the biggest advantage of such merchant accounts. When you have the account, you will be able to process all major credit cards meaning that more consumers will be able to access your business.
  • 24/7 monitoring – EMB also monitors all merchant accounts, 24/7. If there is any malicious activity, we should be able to uncover it early before there is a severe damage.

Opening a Head Shop merchant account with EMB is simple and hassle free.

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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