E-cigarettes Merchant Account endures merchants who deal in electronic cigarettes, vaporizers; hookahs etc. by providing a smooth and convenient solution to high-risk merchants. These businesses possess high-risk hence banks or financial institutions are reluctant to provide you with the merchant account facility. Business possessing a high-risk industry needs an efficient payment gateway for ensuring that the industry is having safe and secure payment transactions occurring in favor of the business.
There are some of the countries where the business is successfully flourishing such as Bulgaria, Denmark, Finland, Austria and various other countries and leaving the digital footprints on the global market. ePay Global Provide efficient payment gateway solutions to merchants irrespective of their low or high volume size to enhance business for taking higher leads.
E-cigarettes Merchant Account for business solutions
E-cigarette business is an online business that supports selling cigarettes online. And it is different from traditional cigarettes. Though they look similar to traditional cigarettes. They also have a long tube-like structure similar to a cigarette, cigar, pipe or pen. They can also be reused with the help of refillable or replaceable cartridges. It deals with selling and purchasing tobacco and nicotine stuff hence it is a high-risk business.
The E-cigarette industry may enhance its leads in the upcoming years as it is clear from the high growth of the industry. Even though this industry is booming in the market, it is hard for the merchants who are involved with the e-cigarette business to get a merchant account. The E-cigarettes Merchant Account will allow your business to flourish with the ease in making business transactions, making them quicker and more reliable.
What impact does a Healthy Merchant account have on e-cigarette retailers?
Let’s take a look at the E-cigarette industry. E-cigarettes are a brand-new, limited-edition version of regular cigarettes. They have a long tube structure that looks like a cigarette, cigar, pipe, or pen. The refillable or replacement cartridges are supported by the majority of them. Despite the fact that the businesses incorporate tobacco and nicotine, which are both harmful to humans, the E-cigarettes corporation promotes itself as a safer alternative to traditional cigarettes.
In another manner, they are encouraging people to quit smoking and enrol in something more beneficial to their health.
Over the previous decade, the vape sector has grown at a higher rate than ever before, while tobacco sales have decreased by 30%. By 2026, the e-cigarette sector was predicted to expand its potential market. Despite the vape industry’s spectacular success, financial institutions have failed to realise the industry’s enormous potential. Certainly, some E-cigarettes merchants have taken use of their position to learn about the many advantages of having a merchant account. The e-cigarettes merchant account will help your business thrive by making transactions easier, faster, and more dependable.
How to get your E-cigarettes Merchant Account?
It is not a hard process, you just need to fill up E-cigarettes Merchant Account application form or you can get along with us through mail or customer care numbers. ePay Global possesses professionals who have years of experience in providing solutions to businesses they will assist you throughout the entire process. ePay Global Provides you with the customized merchant account that will understand the nature of your business and completely support your business requirements and meet your business goals.
You need to submit certain documents such as a driving license, voter id card, bank statements etc. at the time of applying for a merchant account. Merchant account service providers will follow a comprehensive process to know the nature of your business. You can have your merchant account within 5 to 7 business working days.
How can I open an e-cigarette merchant account?
A e-cigarettes merchant account is required for businesses that are willing to take on the obstacles and want to implement a better viewpoint for their business. You must keep moving forward with the procedure, even though some businesses need you to have particular documentation on hand, such as:-
1. A government-issued identification card, such as a voter identification card or a driver’s licence.
2. Mail the letter or a pre-printed check to a bank.
3. A recent bank statement (within the last three months)
3. the most recent processing statement (within the last three months)
5. Employer Identification Number or Social Security Number
6. Chargebacks must be less than 2% of total charges.
Read our another blog post: online casino merchant account
High Risk Merchant Accounts 