Philip Morris Acquires British E-cig Giant Nicocigs

Jul 07, 2014

Last Thursday, Philip Morris International announced its acquisition of Nicocigs Ltd, Britain’s largest e-cigarette producer. This is the latest move that the U.S. cigarette maker has made to establish itself in the fast-growing e-cig industry. Recent reports show that e-cig sales are on track to quickly outpace the sales of traditional tobacco. Over the past few decades, overwhelming scientific evidence, intense public health lobbying, and persistent anti-smoking media campaigns have created a market for cigarette alternatives.

Enter the electronic cigarette which is made of plastic or glass cigarette-like tubes that holds a battery and a liquid cartridge. Inside of the cartridge is a flavored juice made of propylene glycol, and a variety of other chemicals. The juice can contain tobacco-based nicotine, synthetic nicotine, or be nicotine free. The battery generates vapor from the flavored juice. Flavors range from blueberry to cappuccino.

The amount that Nicocig sold for is still undisclosed, but Philip Morris notes that the deal isn’t subject to regulatory approval. This is a huge step for Philip Morris, as it seeks to make its mark on the booming e-cig industry in the U.K., which is made up of about 250 independent e-cigarette suppliers, who sell to 1.3 million customers.

The acquisition automatically gives Philip Morris 27% of the e-cig market in the U.K. The company’s bestselling product is currently Nicole. Because of the flat profits produced by the tobacco industry and charges related to halting cigarette production in the Netherlands and Australia, Philip Morris made the decision to cut its earnings guidance for the year.

This is not the first major tobacco company to invest in the e-cigarette market. In early June, Japan Tobacco Inc. bought Zandra Ltd., maker of the E-lite brand. British American Tobacco acquired CN Creative, the creator of e-cigarette Intellicig in 2012.

Drago Azinovic, Philip Morris’s Europe regional president, says “This acquisition provides [us] with immediate access to, and a significant presence in, the growing U.K. e-vapor category.”

As large tobacco companies enter the e-cig market, it is more important than ever to legitimize your e-cig business by getting an electronic cigarette merchant account with We are the leading high-risk account processors in the business. Our full suite of electronic payment options will provide your e-cig customers with a wide variety of payment options with our electronic cigarette merchant accounts.

Contact us now to get started at 1-800-621-4893 or by clicking on the button below


Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat