Feb 16, 2018

Industry Leading High-Risk Merchant Account for Online Tobacco Sales

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,...

May 15, 2017

Cigar Sales Are On The Rise

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...

Feb 13, 2015

Tobacco Taxes a New Hot Topic Amongst Merchants

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...

Jan 14, 2015

What You Don’t Know May Destroy Your Tobacco Business

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...

Sep 10, 2014

Time to Invest in Tobacco?

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...

Aug 12, 2014

The Changing Tobacco Industry | Online Tobacco Merchant Account

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...

Jul 31, 2014

Turning Back Time on The Tobacco Industry

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...

Jan 18, 2013

Online Tobacco Merchant Accounts

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...

Dec 07, 2012

Merchant Account for Online Tobacco Stores APPROVED

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...

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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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