Feb 17, 2020

E-Cigarette Merchants Must Comply With New FDA Policy

In January 2020, the U.S. Food and Drug Administration released a policy which focused enforcement against unauthorized flavored e-cigarette products that appeal to minors, including mint and fruit flavors. Under this new policy, any company that does not halt the manufacture, distribution, sale of this unauthorized flavored cartridge-based e-cigarettes within 30 days, will face FDA enforcement actions. HHS Secretary Alex...

Oct 24, 2019

Flavored E-cigarettes are Under Fire

While e-cigarettes are marketed as the cleaner alternative to traditional combustible cigarettes, very little is known about the associated long-term effects. Health officials are concerned about the variety of chemicals and metal particles that are inhaled as a part of smoking e-cigarettes, or vaping. And there seems to be a cause for concern. So far, over 1,000 lung injury cases...

Mar 01, 2018

Process Vaping Sales Online with an E-Cigarette Merchant Account

Ever-changing regulations, litigation, and questions over enforcement have made it very difficult to obtain an e-cigarette merchant account, which are necessary if you want to accept and process credit card payments. Banks have classified them as “high-risk” because of these issues. Though all of these factors make it difficult, you can still obtain a e-cigarette merchant account if you keep...

Aug 17, 2017

Choosing the Right High Risk E-Commerce Merchant Account

It’s estimated 1.61 billion people worldwide purchased goods online in 2016. In 2016, global e-retail sales accounted for 1.9 trillion US dollars. It’s projected this number will reach 4.06 trillion US dollars by 2020. In Asia Pacific, e-retail sales represented 12.1% of retail sales in 2016 but accounted only for 1.8% of retail sales in the Middle East and Africa....

Jun 05, 2014

New Jersey Pushes Legislation to Tax E-Cigarettes the Same as Traditional Cigarettes

Some are happier than others concerning the recent legislation proposing the same taxation on electronic cigarettes as traditional cigarettes. Not only is the state of New Jersey considering such legislation, but it is also going as far as proposing that the same tax should be added to cigars, smokeless tobacco and other tobacco products. E-cigarette and tobacco wholesalers, consumers and...

May 27, 2014

Health Survey Reveals Electronic Cigarette Users Tripled in 2 Years

A British Health charity, Action on Smoking and Health (ASH), released new statistics that show the number of e-cigarette users in Britain have tripled over the past two years. The results may have major consequences for entrepreneurs and their e-cig merchant accounts. Deborah Arnott, Ash chief executive, states “The dramatic rise in use of electronic cigarettes over the past four...

May 15, 2014

FDA Plans E-Cigarette Regulation: Impacts Merchants, Accounts

For many years, the e-cigarette industry, estimated value at $2 billion, has gone largely unregulated by the US Food and Drug Administration. The FDA has put forth a new plan to install the regularization and oversight of the e-cigarette industry. Merchants and health group advocates have mixed reactions to the FDA’s plan, but for an e-cigarette merchant’s business the FDA’s...

Jan 09, 2014

Online Merchant Accounts for E-Cigarette Shops

For online merchants, one of the most important steps in running a smooth business is having a reliable credit payment processor: a merchant account. If you operate an online e-cigarette business you will fall into a high risk business category that will make opening merchant accounts difficult. The reality is if you want to open a merchant account for your...

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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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