Tobacco Accessories Merchant Account

Feb 13, 2018

Businesses that climb up the ladder so fast are those whose owners that take their time to plan for success. But industries that deal with tobacco accessories like smoking pipes can be a bit harder to lift off the ground. Obviously, the challenges resulting from difficulty in getting the balance between consumer satisfaction and excellent business performance while also operating in line with industry rules and regulations.

Because online sales of tobacco accessories habitually depend on the ability to accept credit cards as a means of payment, to experiencing growth means ensuring unswerving completion and delivery services. Clients hate delays, and a slight mistake could not only cost you in chargebacks but also ruin your reputation. And this clarifies why a merchant like you needs a web-based credit card processing solution. Emerchantbroker.com is one such financial partner with virtually all services your company requires to smoothly run a Tobacco Accessories Merchant Account and start in on instant processing.

Remedy for High-Risk Processing Businesses

We all know how the looming legal amendments in the tobacco industry have continued to make selling tobacco accessories a demanding business for entrepreneurs. Plus, your account provider’s rules, regulations, and restrictions can worsen the playing field for you. All these obstacles make it extremely hard to convince a processor to approve your merchant account for tobacco accessories.

Don’t forget that banks brand tobacco-related companies as high-risk for various reasons. And because many merchant payment processors don’t understand how this industry works, chances are; banks will either accept them as high-risk or entirely reject them. Nevertheless, some vendors are currently on the hunt for desperate merchants like you. Ready entrepreneurs can have their accounts operational in one to two days and launch credit card processing both online and in-store on the third or fourth day.

Apply for a Tobacco Accessories Merchant Account Today

One thing that’s vital for running operations is credit card processing that’s custom made to suit your interests leaving you time to concentrate on other important aspects of your business. Look for a PCI compliant high-risk account issuer with an easy-to-open merchant account and fair pricing models designed to make sure micro-businesses are enjoying the best rates.

Learn the requirements in prior and have the documents all set when the time comes to put forward your application. Also, check to see if your company complies with all stipulated industry rules.

In Conclusion

To easily swap with you existing online system to a better one, go for a provider with advanced tech that’s compatible with almost all types of shopping carts. This way, consumers can go on placing orders without interference.  Do not also forget to inquire about the transaction security measures they’ve put in place because you don’t want to be suffering frequent chargebacks.

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 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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