The boom in alcohol sales over the past couple of years has revealed that Americans are spending more time at home while doing their drinking. This positive sign for the industry has been contributed to a rise in consumer confidence. The online sales of prepackaged beer, wine and liquor have also increased over the past five years due to the increased reliance on online shopping and e-commerce in general.
This increase in online sales has attracted many entrepreneurs. The high level regulatory attention alcohol sales face, however, makes it difficult for those who wish to start a business. This attention mainly stems from concerns over the dangerous side effects that accompanies alcohol.
The Alcohol and Tobacco Tax and Trade Bureau (TTB) is responsible for the oversight of both online and offline merchants that deal with selling spirits. A merchant must first make it through their rules, regulations and requirements in order to open their shop. Obtaining license and registration with the TBB is not the only obstacle and alcohol sales startup will experience, however.
Alcohol sales startups also have the difficulty of securing payment processing. Traditional banks and financial institutions typically reject businesses that are involved in alcohol sales, since they categorize them as being “high risk”. Thankfully, there are providers that specialize in offering these businesses alcohol sales merchant accounts.
Providers like eMerchantBroker.com specialize in working with a long list of merchants that are typically categorized as high risk by traditional lenders. An alcohol sales merchant account offers a business the payment processing solutions it needs to operate the business while also giving them a fast and hassle-free experience.
EMB offers merchant solutions tailored to all types of businesses: gaming, bad credit, nutraceutical, alcohol sales, credit repair, telecom, warranty, travel, tech support and many more. The application process is simple, unlike traditional lenders that require endless documentation requirements and credit checks. The merchant account process only takes a few minutes, asks for basic information and a few pieces of documentation.
Whether you’re in need of check processing, credit card processing, cash advance or payment gateways, EMB can help your startup. Don’t let the label of “high risk” stop you from your business goals. Take advantage of the fast and secure application process and receive a confirmation within 24-48 hours – sometimes sooner!