Credit Card Processing for Electronic Cigarettes
E-Cigarette Era and Payment Processing
We are well into the new are where e-cigarettes have gained a stronghold on the market, jumping to a billion dollar industry. If you own or are considering an e-cigarette business it’s time to start thinking about finding a quality payment processing company to maximize your revenue stream.
What Does It Mean to be ‘High-Risk’?
Choosing a merchant service provider can be a challenge when you own a company that primarily sells and distributes e-cigarettes. Why? E-cigarettes are considered to be a high-risk industry due to the debate surrounding vaping and its potential if any, health risks. In May of 2016, the U.S. Food and Drug Administration imposed new regulations for e-cigarette merchants and products, to take effect Aug. 4, 2016. The new FDA rules on e-cigarettes impact areas such as age limits; registering with the FDA and providing information on manufacturing and products; a ban on offering free samples and inspections among other regulations.
https://www.fda.gov/TobaccoProducts/Labeling/RulesRegulationsGuidance/ucm394909.htm
How Do You Get Approved In a High-Risk Industry?
The very nature of the e-cigarette and vape industry makes operating a business inside the space challenging for their owners. Merchant Services LTD is here to help, with over a decade of experience servicing a variety or industries no demand is too small or arduous for Merchant Services LTD. We pride ourselves on providing individual U.S based account representatives that can work with you on getting your business approved as quickly and efficiently as possible. Our highly experienced staff can help you customize a credit card terminal and POS system that’s right for your business.
Whether you need a full point-of-sale operation or just a credit card machine with mobile and wireless capabilities Merchant Services LTD has got you covered. Our unique Clover ® systems can be customized to fit the unique demands of your business with a marketplace app allowing you to choose how you want your day to day operations managed. With on and off-shore payment processing capabilities, your revenue stream can continue to grow no matter where you are located.
Security
Merchant Services LTD prides itself on delivering fully compliant PCI services for all of our merchant accounts. Backed by the powerful First Data TransArmor solutions, business owners can be assured their transactions and data are safe. Merchant Services LTD is in compliance with all industry standards including Cardholder Information Security Program (CISP), Payment Card Industry (PCI) Data Security Standard (DSS)
Operating Online
Due to the regulations placed on e-cigarettes operating your business from an e-commerce standpoint can be challenging. Merchant Services LTD can handle your online payment processing needs with our premium gateway, an eCommerce solution that provides:
- Real Time Monitoring
- Accepts Domestic & International Currencies & All Major
- Cards Accepted
- Virtual Terminal
- Recurring Billing
- Reporting Capabilities
- Third-Party Processor Integrations
- Third-Party Shopping Cart
- Integrations
- Partner & Merchant Portals
- Customer Support Options
- Multi-Tiered Hierarchy
- Multi-Mid Capabilities
- Transaction Load Balancing
With a multitude of other highly beneficial features, you can be sure that Merchant Services LTD can handle any high-risk request you may have within the e-cigarette industry.