The last few years have seen big changes to marijuana laws in several U.S. states, in a way that has totally changed the landscape for related paraphernalia. Bongs, pipes, and other glassware that used to be part of a marginalized, fringe industry are finding a new level of legitimacy in the business world, not to mention growing demand with the rise of a whole new customer base of people interested in trying legal marijuana.
Now is the perfect time for glassware merchants to capitalize on marijuana’s changing status, and one of the best ways to do that is to open up a credit card merchant account. Here’s how expanding their credit card processing solutions can help headshops and glassware merchants.
Getting a Glassware Merchant Account
Having the ability to process credit card and debit card payments is a benefit to every store and merchant. By being able to accept more types of payments, they are able to serve more customers and don’t have to set restrictions on how their customers pay for their goods. When the convenience of paying by card isn’t available, many potential customers will simply choose to shop elsewhere.
Given the current atmosphere, headshops and glassware merchants can’t afford to be alienating the waves of potential new customers who are now interested in their products, but these vendors have a potential hurdle they have to overcome before they can be accepted for a glassware merchant account with many credit card processors. Because of a lack of understanding about the industry, banks and other financial institutions have classified marijuana paraphernalia as a risky industry, and the businesses that sell them as high-risk vendors.
Given the current atmosphere, headshops and glassware merchants can’t afford to be alienating the waves of potential new customers who are now interested in their products, but these vendors have a potential hurdle they have to overcome before they can be accepted for a glassware merchant account with many credit card processors. Because of a lack of understanding about the industry, banks and other financial institutions have classified marijuana paraphernalia as a risky industry, and the businesses that sell them as high-risk vendors. This situation has many glassware vendors feeling like they’re stuck in an awkward position: Public perception of their business is changing for the better and new business is coming their way, but the financial world has yet to catch up. Why should headshops and glassware vendors have to wait for banks and credit card companies to get with the times? The good news is, they don’t have to.
Despite the stigma many credit card processing companies attach to glassware, some credit card service companies are much more forward looking. In particular, Leap Payments has years of experience working with many types of high-risk merchant accounts, including glassware vendors and head shops, and getting them the best rates possible.
Leap Payments gladly fights for smoke shops to get their credit card processing capabilities instated as quickly as possible. Once vendors have been approved, they get access to services and tools that have been specifically crafted for the needs of their industry and full banking and processing functionality that complies with all regulatory standards.
Working with Leap Payments gives glassware merchants access to all their credit card processing needs from one source, provided by a company that understands their industry and has experience working in it.
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