The e-cigarette market has seen substantial growth in the country. With revenues reaching more than eight billion dollars in the U.S., the e-cigarette and vape industry shows no signs of slowing down. Unfortunately, many vape and e-cig merchants may find themselves constantly hitting roadblocks when it comes to payment processing solutions. Vape payment processing shouldn’t be impossible, and as a business, you shouldn’t have to struggle with finding the right payment processing!
While e-cig and vape merchants are considered high-risk for a number of reasons, a payment processing solution for your business can be possible when working with companies that have the necessary experience with high-risk merchants. USA Payments is a dedicated company that specializes in working with high-risk merchants of various industries to provide the most trustworthy payment processing. Your business deserves to prosper, and USA Payments can help! We work with e-cigarette and vape businesses to provide affordable payment processing solutions for all card types, with no hidden fees.
Does Your Business Need Vape Payment Processing?
1 in 20 Americans routinely uses a vape product. The e-cigarette and vape business can be lucrative, and in order to manage transactions, company growth, and more, you need the most thorough and efficient payment processing. Many people are making the switch to e-cigarettes and similar products in order to leave traditional cigarettes behind, which has caused the vape and e-cigarette industry to grow exponentially. This is why a vape or e-cigarette merchant needs the right payment processing solutions to continue to thrive within the industry!
At USA Payments, we don’t consider it a risk to work with high-risk businesses. In fact, we view e-cigarette and vape companies as pretty low-risk. We’ve helped businesses with:
- Vape shop merchant accounts
- E-liquid or E-juice merchant accounts
- Online vapor merchant accounts
And much more! When banks and other payment processors deny an e-liquid, vape, or other similar business, they’re drastically delaying transactions for these companies. The result is a major hit to the revenue of these hard-working businesses. This is also not including the possibility of a merchant account termination or a payout freeze that can happen with certain payment processors. This is why as a vape or e-cigarette merchant, you want to ensure your transactions and other business solutions are being handled by a company with the right tools and knowledge, such as USA Payments!
Why Do You Need a Vape Merchant Account?
You may wonder, why do banks and other payment processing companies deny working with vape merchants and other companies in the same industry? While vapes, e-cigarettes, and e-liquid products are constantly in demand and selling everyday, there are greater obstacles that can cause banks and other credit card payment processors to deny your application work with them. What exactly causes e-cig and vape sellers to be considered high-risk merchants? This is due to:
Age-Restrictions
E-cigarettes and vapes can only be sold to adults who are 21 and older. The age-restriction being placed on these products can instantly cause banks and other companies to immediately deny working with a merchant. The age-restriction in place requires extra underwriting knowledge and procedures by the payment processors, which many companies are not prepared to offer. The age requirements that hang over the vape industry is a large factor as to why most banks and card processing companies decline working with merchants.
FDA Regulations and Politics
The FDA heavily regulates the sales of e-cigarettes and similar products, which immediately comes across as a high-risk factor to banks. Not only are regulations placed on the sale of these alternative cigarette products, but the use of vapes and e-cigarettes has also become a highly political issue. The controversy behind e-cigarettes has led most well-known payment processors and banks to turn away from respectable merchants that sell these products in order to avoid any political costs. Regulations and the role politics plays when it comes to e-cigarettes and vapes is the other big issue that prevents businesses from obtaining the payment processing they need in order to grow.
What are the Benefits of a Vape Merchant Account?
Getting your vape merchant account started with USA Payments will give you confidence in how every transaction goes. A merchant account gives the funds for your business a safe space as the transaction settles. Additionally, card payment processing with a vape merchant account becomes a breeze, as the card processor is the mediator between the cardholder’s bank and your terminal. This is why you want to work with a company that will help boost your business, not tank your revenue by denying you their services. USA Payments is the answer!
At USA Payments, we know that the e-cigarette industry is booming, and businesses need the appropriate solutions. Our lengthy history of working with high-risk retailers allows us to develop unique profitable solutions for businesses, no matter what size they are! Vape and e-cigarette sellers shouldn’t have to jump through hoops to get the proper business solutions. Speaking with someone on our vape payments team will leave you with peace of mind and the confidence that your business is in the right hands!
How Can You Get Reliable Credit Card Processing for E-Cigs?
Dependable credit and debit card processing not only allows your business to thrive, but also helps to give your customers additional reassurance with each transaction. Traditional payment processing platforms like PayPal and Square do not work with e-cigarette vendors, and they make this clear in their terms of service. Merchants who try to apply for accounts with these platforms and other banks will often be denied, leaving them with the struggle to find payment processing solutions tailored to their business. When a company is unable to obtain credit and debit card processing solutions, this can cause sales to plummet, money to be lost, and of course, businesses to suffer.
Fortunately, USA Payments works with a number of high-risk merchants that need custom solutions for business transactions, with completely transparent pricing! Whether you need help with recurring billing, a lower reserve for your merchant account, and other payment solutions, we’ve got your back. Whether you’re a start-up business, a company with years of experience, and everything in between, USA Payments is dedicated to helping high-risk merchants find the right payment solutions. We help U.S. based companies get the freedom of reliable credit card and other payment form processing!
Trust USA Payments With Your Vapor Merchant Account!
By 2027, it is estimated that the e-cigarette and vape market will be valued at around $67 billion dollars. As a vape, e-cigarette, and e-liquid vendor, you should have the right payment processing solutions to match this continuously growing industry. Because vapes and e-cigarettes have age-restrictions and are regulated by the government, banks and other payment processing companies immediately step back from working with businesses in the e-cig industry. Many businesses are often left unsure of how to obtain card payment processing and have a merchant account where funds can safely stay during each transaction.
Fortunately, USA Payments can help! We work with high-risk merchants, offering payment processing solutions and other helpful tips to continue to grow their business. Whether merchants need e-commerce solutions, mobile solutions, and more, USA Payments can help! Don’t delay, get started on obtaining your merchant account now. Apply or contact us to get started!