Need of merchant accounts for e-cigarette business

E-cigarette is an alternative to the real cigarette that provide the same feeling one gets while smoking the real one without producing any smoke. E-cigarettes short for electronic cigarettes contain nicotine (may be in nicotine free in certain cases) run though a battery operated system.

They are similar to the real cigarettes or cigar and generate a vapor for inhalation to give the inhaler the cigarettes feel.

Although it is a cheap alternative for all the smokers but still its safety has been disputed over many times. Despite all the controversies and health hazards it poses, its usage and popularity have been growing so far.

And due to this the need for e-cigarette merchants are also on the rise.

Introduction

Over the past few years demand for e-cigarette merchant accounts have been growing at a high rate. The main reason for this is that E-cigarette business is considered to be high risk and many of the traditional banks do not want to provide their services for it.

The reasons why E-cigarette is considered as a high-risk business are:

• High risk of charge backs
• The disputed nature of the product
• Not approved by FDA

All these factors make traditional banks to rely on this business and they continue to label this industry as high risk.

This arises the need of high risk merchant account. Since e-cigarette business imposes high risk rate or even the possibility of high turnover, therefore it gets challenging to get credit card processing approval of services.

Need of a merchant account

For a high risk business such as e-cigarette, high risk merchant account is obligatory. Provided you don’t have a good merchant service provider you may face difficulty in transactions, advertising your product thereby leading to low revenue and sales.

Before you get into business, fine the right merchant for you who can provide good services and is specializing in this including E-commerce, business opportunities.

For better efficiency and higher credibility it is best to have good merchant account.

Benefits of a merchant account

An e-cigarette business becomes simple with a merchant account. Buying it from an authorized seller will definitely land you up with better solutions and safety for your merchant account. Following are few positive aspects of having a merchant account.

• Get to know about different options of electronic cigarettes.
• Proper knowledge about credit card processing for e-cigarettes
• Risk imposed in credit card processing
• High risk merchant accounts
• Devices that will suit to your needs. –simple or disposable.
• Right services for your business