The Best Electronic Cigarette Merchant Account Payment Processor

Mar 17, 2015

E-cigs, or electronic cigarettes are big business, both in-stores and online. While many states have age barriers, the sales have not been affected. Regardless if you are a new merchant or an existing merchant, it is the right time to get into electronic cigarette market. Sales are great, and since many TV doctors are touting them as the new tobacco cigarette replacement, sales look as though they will not slow anytime soon. The industry can be lucrative, but there is one huge obstacle in the way: finding an electronic cigarette merchant account.

Every merchant needs a merchant account, and for many industries, they are easy to find. With an electronic cigarette business, this is hardly the case. Many choose to forgo a merchant account because they cannot find an electronic cigarette merchant account. They choose to try a PayPal account, or to go all cash. While the latter option may work, the former is not. With a PayPal business account, you are likely to have your account flagged, or closed, for many reasons, such as too many transactions or too many fraudulent charges. You need to search for an electronic cigarette merchant account, but often it can be hard to know where to look, and what is legitimate. Rest assured, one is closer than you think.

With EMB’s electronic cigarette merchant account, you are able to accept checks and plastic card payments without the hassle of outrageous processing fees, and the risk of having your account closed at a moment’s notice. We at EMB charge industry-standard fees, which is different from our competitors. EMB is one of the few that is experienced in dealing with fraudulent charges, and its following chargebacks. Many times, after a chargeback, a processor – even a high risk processor – can drop your company. This is because chargebacks not only cost the merchant, but its processor. This is never a worry with EMB.

The application process is simple, and most are approved within 72 hours. There are no application fees, and you do not have to have a VISA or MasterCard to apply.

Let us help you get a high risk merchant account today!

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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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