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E-cigarettes and vaping are rapidly growing industries with sales increasing every year, from $2.35 billion in 2016 to $2.9 billion in 2017, and e-cigarette sales are expected to exceed tobacco sales by 2026. With over 3,500 retail vaping shops in the United States, businesses like yours stand to post higher sales and profits by accepting credit cards; however, most credit card processors make that more difficult than it should be. That’s why Merchant Service Group LLC strives to provide you with the fast and easy approval you’ve been searching for.
Even as a relatively new industry, e-cigarette merchant accounts have a reputation for a high number of chargebacks, making it difficult for these businesses to open merchant accounts at other processors. Online sales come with a greater risk of chargebacks, and e-cigarettes are no exception, especially when shipments are delayed because of the frequent use of third-party distributors and when customers deal with lesser known businesses. Additionally, age restrictions and FDA regulations vary from state to state and are constantly changing, so many processors are hesitant to take on the increased liability involved. Even if processors approve your application, they may still restrict your processing for any of these reasons.
At Merchant Service Group LLC, your e-cigarette merchant account won’t be subjected to any more scrutiny or hassle than other accounts. We look at the same information as a typical merchant account. Your credit history and the financial health of your business matter more than the classification of your account.
Whether you wish to accept payment through a gateway or online shopping cart, over the phone, or in person, we provide a wide range of payment solutions to integrate into your current system or to begin a new one. An experienced technical team is on hand to help customize a solution for your business, and our customer service team provides 24/7 support.