The health risks from conventional cigarettes and aggressive anti-smoking legislation, are drastically decreasing the opportunities and locations for traditional smoking. As a result, more smokers and ex-smokers are turning to the e-cigarette for a tobacco-free experience. This has led to a billion-dollar industry with a wealth of opportunity for e-cig entrepreneurs; however e-cig shop owners are having a difficult time finding credit card processing services that will allow them to accept credit cards.
eMerchantBroker.com is the #1 provider of merchant accounts for the e-cig industry, which is why we are the only merchant service you can trust to jump-start your electronic cigarette merchant account. The FDA has made no formal statement on the health risks of e-cigs, as current research is contradictory and inconclusive at best. This lack of clarity has made banks and other financial institutions label the processing of payment for electronic cigarettes as “high risk.”
What Makes Your E-Cig Business High Risk?
If a credit card processing service allows your shop to handle charge cards with greater chargebacks than what Visa or MasterCard approves, then it can be fined. Furthermore, if your shop can’t pay those fines, then the credit service is liable for all payments.
Other Factors that Determine Risk
- If the business sells high-ticket items
- The credit history of the business owner(s)
- If the business makes custom goods
- If the business uses recurring payment options
- A low/high processing history
Your Business Model Can Determine Risk
Credit processing services will take a look at your business model. They will examine the products that you sell, advertising strategies, shipping and delivery processes, customer support, and other processes. If they don’t like what they see, your business will be labeled high risk.
Consequences for High-Risk Businesses:
If your business is characterized as high risk, setting up an efficient electronic cigarette merchant account is a challenge, and once it is completed your card accounts will be subject to a number of special provisions. Some provisions include high pricing, higher rates and costs, delayed sales receipts, and sales restrictions.
You deserve the freedom and profits that come with having a professional processing service that won’t deny your application or set unreasonable “special” provisions. Turn to the eMerchantBroker.com high-risk experts with experience and a proven track record.
The experts at eMerchantBroker.com will help you smoke away the competition with your electronic cigarette merchant account with these guarantees.
- No application fee
- Match you with the right merchant account for your electronic cigarette shop
- Get your shop accepting credit cards within 48-72 hours
- Competitive Rates
- No VISA/MasterCard Required
- Multiple Secure Payment Gateway Options
Get approved for an electronic cigarette merchant account in as little as 24 hours. Visit eMerchantBroker.com or call 1-800-621-4893 today.
eMerchantBroker are proud members of the “Smoke-Free Alternatives Trade Association”