Shopping for cigars or other tobacco online is straightforward. Not exactly a task that you would think twice about as a consumer. However, as a business owner, you know how difficult it is to be able to offer tobacco products online; it is actually very complicated. While there is no federal law that prohibits the online sale of cigars, cigarettes,...
The global market for cigars is expected to account for 19.9 billion by 2020 because of less stringent regulatory environment and tax policies, which cannot be said about cigarettes. Cigar Industry The economic climate in the majority of regional markets all over the world has led to improved sales of small cigars and cigarillos. Manufacturers are paying great attention to...
Being a tobacco merchant is tough. Not only do you have to compete with the booming e-cig market, but those in Bismark also have to compete with the newly suggested tobacco tax. North Dakota is trying to raise the state’s tobacco tax for the first time since the early 1990s. While many are in favor of the tax, many oppose...
Are you an online tobacco retailer? Then you may be subject to steep FDA penalties if your tobacco products are not compliant with the FD&C Act. Last year, six online retailers received warning letters from the FDA for selling “across state lines a tobacco product subject to a Not Substantially Equivalent (NSE) Order.” If your business receives this letter, your products...
Investments are all around, from the numerous TV commercials hocking gold and silver to E*TRADE’s internet pop-up ads. However, the best new stock to invest in may be a bit unexpected. One of the best to invest in, oddly enough, is tobacco. Yes, tobacco, and there is a really good reason to invest, even if you do not smoke. Tobacco...
From ‘Call for Phillip Morris’ to ‘Winston tastes good like a Cigarette should’ – we really have ‘Come a long way Baby.’ In the 1950’s tobacco farming was the cash crop for the deep South. With changes in laws plus the huge increase in federal and state taxes on a pack of cigarettes, the economy of the tobacco states and...
The American tobacco industry is changing; the face of the tobacco industry is going back to its roots. In 1911, the then government decided that the American Tobacco Company was too large and monopolized the industry; they ordered the split into smaller companies. With the recent proposal for the purchase of Lorillard into the Reynolds American business, it is going...
Because of high risks involved, online tobacco stores face many obstacles. At eMerchantBroker.com we can help make setting up your online tobacco store easy with our credit card payment processing. We are experienced at handling merchant accounts for online tobacco companies, and are very familiar with online tobacco sales restrictions. Because of underage tobacco restrictions and public health issues, traditional...
Setting up a merchant account for an online tobacco company is not an easy process. Even if you sell electronic cigarettes, getting approval for a merchant account from a traditional provider can be something of a nightmare. This can severely hinder your ability to process credit card transactions cheaply, forcing you to rely on other payment methods or deal with...
