Aug 16, 2018

How an E-cigarette Business Can Get a Merchant Account and Start Taking Credit Card Payments

Nothing can stand in the way of industry that’s now worth over $3.5 billion. The e-cigarette industry and is gaining popularity by the day, thanks to products like hookahs, e-juices, and vapes. And now it is possible for anyone looking to trade on any e-cig-related product to get an electronic cigarette merchant account and begin taking credit cards as soon...

Jul 31, 2018

E-cigarette Market Still a Potential Marketplace for Investors

Ask millennials what’s up, and they will tell you that vaping is the new hype almost everywhere. We all know that the e-cigarette industry is booming, we only need the figures to show the extent of this growth. The latest Report by Analytical Research Cognizance on the E-cigarette industry gives specific analysis for the changing market dynamics and a future...

Jul 12, 2018

Find a Gateway for Electronic Cigarette Merchant Accounts

No matter what type of business you operate, if you want to accept credit and debit cards and electronic check payments online, you need a merchant account and a payment gateway. They are both important because merchant accounts are where funds are held before they are transferred to businesses’ bank accounts. A payment gateway is an online application or tool...

May 21, 2018

FDA’s Regulations for E-Cigs

Are you running an electronic cigarette business? Do you need to open an electronic cigarette merchant account? What to expect from FDA’s deeming regulations in the field? How can you obtain a reliable e-cig merchant account easily? Just read below and you’ll know. Electronic Cigarettes and Other Products: Get a Merchant Account The use of tobacco represents the single largest...

Nov 07, 2017

Get an E-Cig Merchant Account

Selling E-Cigs online is lucrative, but it’s a venture you can’t take on without an account. And not just any account, but an eCig merchant account. These are merchant accounts issued to businesses related to electronic cigarettes. Due to the risky nature of the business, particularly the high level of chargebacks, you will require an e-cig merchant account as most...

Sep 12, 2017

FDA’s New Approach to E-Cig Regulation

A long-term study was released in February, according to which vaping is safer than smoking cigarettes. The Food and Drug Administration (FDA) seems to be leaning toward the idea that if people are using tobacco, it should be in the form of vaping. Tobacco Regulation The FDA has recently announced that the agency is going to take a new approach...

Mar 24, 2017

Get The Best Merchant Account For Your Online Cigar And Tobacco Shop

Online tobacco and electronic cigarettes industries are still classified as high risk as they deal with strict government regulation, complications, and high chargeback rates. Online Cigars and Pipe Tobacco Industry In August 2016, the US Food and Drug Administration (FDA) finalized a rule that extends its regulatory authority to all tobacco products such as e-cigarettes, cigars, and hookah (also called...

Aug 17, 2016

Credit Card Terminal For Electronic Cigarette Merchants

E-cig merchant accounts are not easy to get approved for as the industry is considered high risk. However, this does not mean it is impossible to get an account for your business needs. The Family Smoking Prevention and Tobacco Control Act of 2009 have made payment processors to be wary of processing payments for e-cigs, even though they are technically...

Aug 11, 2016

FDA Regulations Leave E-Cig Merchants in Limbo!

For years, some mainstream merchant account providers have processed e-cig merchant accounts. While not all did so, some did, as this “high risk” industry could function as any other in terms of the government and its regulations. Recent changes have caused an uproar: E-Cigs are now stuck into the “high risk” category – and many mainstream retailers will be stuck...

Jun 21, 2016

4 Mistakes Business Owners Should Avoid with Credit Card Processors

After researching credit card processors, speaking to different sales people and going over quotes, you will have to submit an application; you must first receive approval from your chosen credit card processor before you can start processing. Before you put pen to paper, consider the following four common mistakes business owners should avoid when shopping for a credit card processor....

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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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