Cigar and Tobacco accounts can be a difficult industry to find proper payment processing for. The tobacco industry is currently growing exponentially and will only continue to grow at a steady pace, which means the need for a solid tobacco payment processing partner is essential. Unfortunately, banks heavily scrutinize the tobacco industry, thus making the process of getting a merchant account approval very difficult. Cigars and other tobacco companies are considered high risk because of the possible health effects it causes and the potential of a high number of chargebacks from customers. Most banks will avoid tobacco businesses, but here at High Risk Processing, we specialize in getting your tobacco company approved with higher volumes and more security.
Contact our cigar & tobacco account team, and as long as you can keep your chargebacks under 3% we can start setting up your merchant account today.