Accept Credit Cards with A Merchant Account
Running and operating a business requires a large amount of focus and planning to become successful. In no other industry is this proven more true than for e-cigarette, vape and e-juice companies. This is due to the difficult to juggle tasks of satisfying customer needs while still maintaining full compliance of industry laws and regulations. Vape merchants often rely on credit cards from customers as payment to make revenue and continue to grow. To ensure timely payments and that customers get the products they need without delay, vape merchants need a partner for online credit card processing on their websites. Custom tailored e-cigarette merchant accounts are available from Leap Payments.
Getting Approved in a High-Risk Industry
The very nature of the vape industry makes operating a business inside the space challenging for their owners. In addition to FDA and age regulations put on various products, there are also rules for merchant account providers that they must follow before working with any companies. The future of the vapor industry is unclear legally, which can potentially lead to higher rates of chargebacks than normally intended or allowed. Because of these many challenges, finding a processor that will agree to giving a merchant account to a vape company is extremely difficult.
Banks and lenders often label vapor and e-liquid companies as high risk for a variety of reasons. Often, financial institutions might not fully grasp how the vape industry works and this results in a lot of denials just because they do not want to take a chance. Leap Payments is here to help if you’ve had trouble acquiring online credit card processing or if you’ve been told your business is too high risk. We understand the vape and e-cigarette industry and we’ll develop a customized solution that meets your unique business needs.
Leap Payments Can Get You a Vape Merchant Account
As a vapor merchant, having a card processing partner that keeps your best interests in mind lets you get back to focusing on what is most important – your business. Leap Payments makes it easy to set up a merchant account and our pricing plans are designed to give you the flexibility to run your company all while paying the lowest possible rates with fast funding. Easy to integrate online processing into your pre-existing system on nearly every website shopping cart so your customers can continue to conveniently place orders. All transactions are completed safe and secured so you will have a lower risk of fraudulent incidences that end up costing you more. Contact Leap Payments today and speak to a vape merchant account specialist for more information.