Need A Vape Merchant Account For Your Business?

When you run an online business, the ability to take payments online is absolutely vital. This means that one of the first things you will need to do is source a merchant account from a reputable vendor. The problem? This is something that is far, far easier said than done.

The problem is that smoke shops, or vape shops in general, are regarded as high-risk merchants. Due to the higher than normal risk that the merchant account provider could lose money if they work with smoke shops, most are not going to agree to work with them. This means that without working with a company that specializes in high-risk merchant accounts, the online business has no way of taking payments. This is where eMerchant Authority comes in.

Our business has been built to accommodate those that find it difficult to obtain high-risk merchant accounts, particularly those that are working in the vape industry. We make it our mission to find a merchant account that is perfect for your business. We will help your business get paid utilizing companies that have proven that they do not mind which legal business that you are in.

Because our process is so refined, we are able to accomplish this in under 48-hours, in most cases.

Even if you are not selling actual vape liquids and the like, you are still classified as a high-risk merchant. Therefore, if you are selling paraphernalia, you are still going to need to use a company that specializes in high-risk merchant accounts.

The same will apply to any accessories related to smoking.

The thing is that in this day and age, you can’t really avoid selling items online. It is probably how the vast majority of vaping companies get their business. While you can skip using high-risk merchant accounts if you sell in a store only, it is not going to be worth it. You will never be making the most amount of money that you can from your business. In fact, there is a strong chance that you will be alienating many nof your current customers instead. If they find out that they cannot make a purchase over the telephone or online, then they are going to go somewhere else. Luckily, working with a high-risk merchant account provider will help to aleviate all of these issues, and then best part is that it won’t be that much effort to apply for one. If you want your business to be taken seriously, you have no excuses.

It is no secret that the vape industry is heavily regulated by the FDA. This means that any business selling products in the vape business needs to conform to strong legislation. The way in which payments are dealt with will also need to conform to this legislation. Right away, this is something that is probably going to turn most payment processors off. They do not want to spend the time checking whether a business is following the law. They also do not want to take the time to put into place processes that ensure that they are handling payments properly too.

Perhaps the biggest issue here is the fact that it is not legal to sell vape-related items to anybody under the age of 18. Since you are not going to be meeting the person that is purchasing online ‘in person’, you have no guarantee that they are 18. This is something that could open up a lot of legal liability if something goes wrong with the sale. Again, this is something that most merchant account providers do not want to be dealing with.

Finally; this is an industry that has a higher-than-normal chargeback rate. Even if the other issues were not in place, the high chargeback and fraud rate is probably going to be enough to scream “this is a high-risk company”.

Companies like PayPal will deal with you. Initially. This is because they pride themselves on opening payment processing solutions quickly. This is how they make their money. However, just because you have opened an account with them does not mean that you are in the clear. Once PayPal starts to notice a lot of transactions going through your account, they will start to investigate the type of business that you are doing. If they believe that you are a high-risk account, your PayPal account will be closed.

This is something that is going to continue to happen  if you are not working with a high-risk merchant account provider like eMerchant Authority, you will be dealing with closed account after closed account. This is not a good look for your business by any stretch of the imagination.

The main issue you will face is tracking down a high-risk merchant account that will accept you. You will often have to work with specialists in the industry. This will be a company that already built up connections with banks. That is what eMerchant Authority does. Our job is to find you a merchant account that will work with high-risk clients like your business. At the same time, we will try to ensure that the costs of using this merchant account and payment processor system are kept as low as possible. This means helping you to save as much money as possible for your business.