Everything You Must Know About E-Cigarette Credit Card Processing!

Electronic cigarettes have become a viable alternative to the usual smoking tobacco products. As several cities in the United States have banned public smoking, more and more smokers are switching to e-cigarettes. The best part about them is their lower degree of toxins and carcinogens compared to traditional tobacco. To support this growing industry, businesses are turning to secure credit card processing solutions, ensuring seamless and efficient transactions for e-cigarette purchases.

High-Risk Merchant Accounts for E-Cig Purveyors:

The increase in online purchases and the advent of e-commerce have allowed merchants to capitalize on this booming industry. However, getting merchant accounts for such companies is quite difficult. As it is a high-risk product, rates for the merchant account may be high. Talking about other reasons that make this industry high risk, are:

•  Availability of fake products on the web

•  Disputed nature of the product

•  Substantial chargeback history with illegitimate merchants

•  Lack of regulation and enforcement in the industry

Despite these reasons, there are ways to accept payments from MasterCard, Visa, American Express, and Discover credit cards. Professional service providers team up with a range of reliable banks and offer customizable solutions for the business. Merchants are given access to pay terminals and the latest POS systems to ensure they get everything needed to accept in-store credit card payments. In addition, solutions and tools that help in processing payments, preventing fraud, and increasing revenues are also available.

E-Cigarette Merchant Account Fees:

For industry-affordable and competitive fees, choosing the right service providers is quite important. This is because staying away from risk factors and easy management of cash flow needs in-depth & careful knowledge about the e-cigarette payment processing industry. After matching, the bank processes the application and determines the merchant account fees.
As banks determine the fees depending on a case-by-case strategy, estimating the exact fees until the completion of the underwriting process is quite impossible. However, the types of fees involved are:

•  Merchant Account Registration Fee

•  Merchant Account Fee

•  Discount Rate

•  Refund Fee

•  Chargeback Fee

•  Transaction Fee

•  Monthly Statement Fee

How Paycron Provides Painless Processing Experience?

It’s quite clear that the e-cig industry is booming and provides immense potential to merchants to make incredible profits. Paycron ensures that the clients are well-equipped to get the best in the shortest time. Services available at us are:

•  Merchant Accounts (credit card processing)

•  Terminals

•  Point of Sale Equipment

•  ACH Processing (or Electronic Funds Transfer)

•  Wholesale, Retail, & e-commerce Processing Solutions

•  PCI Compliance

•  eCheck Payment Processing

•  Virtual Terminals

•  Gift Card Programs

•  EMV Ready Platforms

•  Check Guarantee Services

•  Gateways

•  Wireless & Mobile Phone Payment Processing Services

•  Shopping Cart Integration

There is a multitude of benefits to enjoying a painless processing experience. Some of them are:

•  Assistance from knowledgeable, experienced, and skilled payment processing experts

•  Live 24/7 Service & Support

•  Competitive cost payment processing

•  Fully customizable accounts

The Additional Benefits:

With a merchant account, this business type becomes simple and manageable. Taking the services from an authorized seller leads to better solutions and safety for the account. Check out some of the exceptional perks associated with having the right merchant account:

•  Opportunity to know about various options for e-cig

•  Intense knowledge of credit card processing for the industry

•  Devices that suit the needs –simple or disposable

•  Risk imposed in credit card processing

•  Right services that help the business earn increased productivity & profitability

The Crux:

The E-cigarette industry has turned into a legitimate business field with a growing community of loyal customers. Merchants serving the community need online credit card processing for electronic cigarettes from professionals who won’t gouge them with undesirable terms on the contracts, hidden or excess fees, or avoid phone calls when the merchant has a concern. Though the high-risk nature of the vaping industry signifies higher rates, it doesn’t mean settling for exorbitant fees or lousy terms. Hence, partner with us for reasonable terms along with scope for growth in the coming years.