Understanding The Implications Of E-cigs

Jul 25, 2014

With the country fully aware of the plight of the non-smokers effected by second-hand smoke and developing lung cancer, as well as the smokers. This has had serious implications around the globe to solve the dilemma; people enjoy smoking even if it has links to death and find it hard to quit the legal drug.

A solution, which has become a worldwide success in fighting smoking, is by using e-cigs, these electric devices believed harmless to the smoker and the non-smoker, in affecting their health.

Businesses are popping up around the world, just selling these small electric e-cigs and the nicotine to use inside the device. These new businesses need to consider an e-cig merchant account, allowing them to deliver the products to customers around the world by accepting on-line payment options.

A merchant account will allow you to accept different payment options from your customers. As sales move away from the cash based system and favors the credit and debit card purchases, this allows those businesses who have had the foresight to fill out an application form, to allow the use of these cards the potential to grow and develop as a business.

With a new business, assurances will be difficult; if you do a lot of business on-line, the application is more difficult and you might want to consider a business that takes on high-risk merchant accounts. It is important to consider the criteria for a merchant account, offering these facilities will open up your business to more customers who just don’t carry cash.

At present, the taxation laws around the world have not all imposed sanctions on the e-cig, nor the nicotine purchased in liquid form to refill the cigarette. Unlike their counterparts, cigarettes, where tax forms part of the payment, the worry for the e-cig smoker is the tax possibly coming into force and the implications it will have on the users, increasing the costs of smoking.

Therefore, until the new legislation is in place, if you are selling the new craze of e-cigs, having an e-cig merchant account could bring in higher sales from online purchases, or from your business premises. Whilst the scientists can’t decide their stance on e-cigs including the health risks, the future of your business looks bright.

For more on an e-cig merchant account call 1-800-621-4893 or click on the button below

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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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