E-Cigarettes are a new industry, similar to the large banks & payment processors that have deemed the high-risk industry. This industry is not large enough that it holds a lot of information that is easily available in the market. There are merchant service providers who have put their time while designing the unique needs of this industry. There occurs growth every year in this industry. So, if you are planning to run an E-Cigarettes business then you must secure it with an E-Cigarettes Merchant Account.
E-Cigarettes Industry in brief aspects:
E-Cigarettes are basically the smoking devices that associate the users through the experience familiarize themselves with smoking but hold harmful ingredients & chemicals similar to nicotine, arsenic & formaldehyde. In spite of tobacco, E-Cigarettes consist of flavoured fluids (mainly called as a vape juice, e-juice or e-liquid) that get vaporized & the user inhales it.
According to the research, over 1.5 million users of E-Cigarettes/vape have increased on a regular basis since 2019. This figure gets doubled every year regularly helping the growth & expansion of the industry. The growth rate helps this industry to attract newcomers to get indulged into the vaping industry.
The reason behind considering the E-Cig industry as High-Risk
It is quite difficult to use an E-Cigarette for a longer duration of time since it contains chemicals. So, this opens the door to a lot of challenges for various health risks. So, this is specifically the main reason that the banks & the major payment processors become quite unwilling to provide the merchant services for E-Cigarettes.
This industry is new to the business owners so even the merchants are unaware of various factors. Due to lack of knowledge, the merchants get no processing history. This factor alone puts their business in a high-risk categorization regardless of their industry. So, you must get an E-Cigarettes Merchant Account to enhance your business.
Get E-Cigarettes Merchant Account to secure your business
If you are running an E-Cigarette business then the merchant account holds assurance. The merchant account facilitates you with the best facilities. The best solution provider provides you with the need to operate a merchant account that secures your business. The right solution provider aims at providing the best solutions along with enormous growth.
The high-risk merchant accounts feature competitive rates that include measures to protect through fraud, chargeback alerts & ACH/ECheck Processing.
Open an E-Cigarettes Merchant Account with WebPays
Even if your E-Cigarettes business is a start-up then also WebPayscan assist you with an E-Cigarettes Merchant Account. WebPays Merchant Services aims at providing the merchants with the best facility. It is easy to apply for a merchant account. You just need to complete the application form. The underwriting team will review all your details & will determine the account eligibility within 24-48 hours of duration. Meanwhile, an executive will get in contact with you to avail with the merchant services. So, you need not worry regarding your e-cig account. This account will lead you to a huge height. Also, this will assure your business through high-risk security as well as safety..
Read our another blog post: Setting up An Entrepreneur Merchant Account