Vape electronic cigarettes have become a popular method among the young and the old. The vaping industry has grown exponentially in the last few years.
However, due to the nature of the business, the vaping industry is regarded as “high-risk.” Thus, such businesses might need specialized payment processing solutions and merchant accounts to help streamline the transactions with their customers.
Here we will discuss everything you need to know about vape merchant accounts.
A vape e-cigarette merchant account is a specialized financial service tailored to the needs of the vaping industry. It provides secure payment processing solutions, including the ability to accept major credit cards and other electronic payment methods.
This type of account helps vape businesses streamline their transactions, minimize cash handling, and offer customers a convenient and wide range of payment options.
The E-cigarette industry is considered high-risk for merchant processing due to various factors, such as:
Thus, vaping companies may require specialized solutions for secure payment processing.
As vape merchants are categorized under the “high-risk” industry, obtaining vape e-cig merchant accounts can be challenging. Here are a few issues vape companies might experience while acquiring an electronic cigarette merchant account.
Typically, E-cigarette companies may require documentation such as:
However, the requirements may vary depending on the payment processor and jurisdiction.
Obtaining an e-cigarette merchant account is a multi-step process. While the specific requirements and steps may vary, here are some general steps to follow:
There are two types of vape merchant account services:
Once you contact Shark Processing, its team will help you complete your application. The application process is short and only takes a few minutes. You can complete the pre-application to get matched with the best banking partners.
Shark Processing works with you to quickly find the best solution for your business needs. They help you negotiate the best rate with the banking partner of your choice. They also continue to work with you post-boarding to negotiate better rates and ensure a long-term relationship with your online cigarette business.
Established in 2016, Shark Processing is one of the best in high-risk merchant accounts. It collaborates closely with the ISO partnering with top-tier high-risk banks and Payment Service Providers globally.
With its team of financial experts, it has created high-risk merchant accounts tailored for various businesses across the United States and beyond.
Here are the top 5 reasons why Shark Processing is the best option for vape merchant accounts.
Shark Processing ensures all clients receive responsive and dedicated assistance to address issues and maintain uninterrupted payment facilities 24/7.
Shark Processing understands the diverse needs of clients across various industries. Unlike the other agencies using generic solutions, they tailor their offerings according to your specific business, providing relevant features and services based on your unique requirements for a more personalized experience.
Once you submit your application to Shark Processing, they swiftly evaluate your situation and tailor a contract to suit your requirements.
You can expect the team members to help you in every step of acquiring a merchant account, allowing you to navigate the associated intricacies and set up the account within 48 hours.
Shark Processing offers short-term, renewable contracts that allow merchants to assess whether their service suits their needs.
This flexible approach enables merchants to make informed decisions and adjust various elements at the end of the contract, ensuring a more customized and tailored experience based on their requirements.
Shark Processing has no setup fees, making their services accessible and affordable for all clients. This approach benefits smaller businesses, enabling them to maximize their resources and embark on the application process without any initial financial burden.
Yes, you can get an online vape merchant account. Many payment processors offer online merchant account solutions tailored explicitly for vape e-cigarette businesses.
In addition to providing a convenient shopping experience for your customers, you can securely accept payments online, manage transactions smoothly, and expand your e-commerce, by partnering with Shark Processing.
Yes, you need vape e-cigarette merchant services to run your business effectively. Vape e-cigarette merchant services provide the necessary infrastructure to accept and process electronic payments from your customers globally.
With Shark Processing’s dedicated merchant account, you can securely handle transactions, offer multiple payment options like credit cards, debit cards, e-wallet, net banking, etc., and ensure smooth and efficient payment processing.
We strive to provide a convenient and seamless customer purchasing experience while managing your business finances effectively.
Yes, They offer merchant accounts for various businesses, including high-risk merchants like vape e-cigarette products. If you want to acquire a vape merchant account for your business, you can apply to them via their website.
Shark Processing offers a user-friendly, easy-to-navigate website that lets you understand their work and what you need to collaborate with them.
You can also contact their customer service unit if you have any queries.
When searching for a vape e-cigarette merchant provider, we recommend considering the following factors:
Electronic cigarette credit card processing helps a vape business accept credit card payments securely and efficiently for e-cigarette purchases. It involves using payment processing systems and technology to authorize, process, and settle credit card transactions.
This allows e-cigarette businesses to offer convenient payment options to their customers and ensures the smooth flow of funds between the customer, the merchant, and the financial institution.
When selecting the best vape e-cigarette payment processing gateway, consider the following key points:
Finding a vape e-cigarette payment processor may be challenging due to the high-risk nature of the industry. Many mainstream payment processors consider it a high-risk business category and may decline applications or charge higher fees.
The stringent regulations, potential chargebacks and legal disputes, and age verification issues associated with the vape industry may contribute to the difficulty in securing a suitable and affordable payment processing solution.
