High Risk ECig Merchant Account
Here at Zeno Payments, we specialize in providing high-risk buisinesses, like ecigs, a merchant account with a high approval rate. We can meet all your e-cigarette merchant account needs with a variety of solutions including accepting online debit and credit card transactions and payment processing made through Electronic Check or ACH. E-Cig businesses may have a difficult time securing a merchant account, but we at Zeno Payments work specifically with banks to secure low rate credit card processing for high-risk businesses.
Why are E-Cigarettes Considered High Risk?
Many banks view e-cigarettes as high risk because of potential chargebacks and legal problems that may arise due to the controversial nature of electronic cigarettes. Because e-cigs are currently not approved by the Federal Drug Administration, and conclusive long term testing has not been conducted, many associations view this industry as high risk. In addition, the legal age restrictions for selling e-cigarettes can add to risk associated with e-cigarette merchant accounts. This percieved risk can make getting a merchant account for an electronic cigarette company extremely difficult without the right knowledge and assistance.