UK Approves First E-Cig Trial | E-cig Merchant Accounts Rejoice

Feb 19, 2016

Earlier this year, UK’s Medicines and Healthcare products Regulatory Agency (MHRA) approved its first electronic cigarette clinical trial. Reuters reports that the British American Tobacco (BAT) received the proper medical licenses to commence clinical trials this year. This means that its e-Voke vapouriser is eligible to be prescribed as a smoking cessation treatment. This will be the first e-cig officially approved to treat smoking addiction in the UK.

For the past few years, advocates of electronic cigarettes have stated that e-cigs effectively reduce the need for traditional cigarettes. Smokers across the world have turned to e-cigs to help them quit smoking, but until now there has never been a scientific study to test this assertion. BAT’s eVoke vapouriser uses pharmaceutical-grade e-liquid that has been MHRA approved. The e-liquid was tested for safety and on several other variables. It is still unknown when or where the NHS-subsidized e-Voke will be available. BAT is currently undergoing talks to commercialize the product, meaning it has gotten regulatory approval to produce the pharmaceutical-grade e-liquid in bulk.

Despite the recent success of BAT’s eVoke vapouriser, e-cigarettes in general are facing even more regulations this year in the United Kingdom. New, more restrictive EU rules will be coming into effect in May that will classify electronic cigarettes as tobacco-related products. The MHRA believes that the increased scrutiny will make vaping products safer for users, and MHRA representatives seem confident e-cigs may play a role in helping smokers kick the habit. The MHRA wants to make sure that all licensed nicotine containing products — like-cigarettes – that make medicinal claims always undergo proper safety, quality, and efficacy tests.

North American e-cig merchants must pay attention to the effects of the BAT clinical trials. Positive results could be used to advocate for medical purposes in North America. Proof that e-cigs can cure smoking addiction will open an entire new e-cig industry for merchants to explore. eMerchantBroker.com is experienced at handling e-cig merchant accounts. We offer superior service through a streamlined application process, low rates, and competent payment processing systems. Our merchant advisors are the best in the business. Don’t wait to multiply your profits! Start today.

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

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat