Looking for Vape Merchant Account Solutions
In recent years, vaping and e cigarette companies have looked deeper into credit card processing solutions for their businesses. If you want to sell e-cigarettes or establish an online vape store, one obstacle you will face is finding a vape merchant account solution. Vape devices, electronic cigarettes, and smoking accessories are classified as high risk products. This means, they cannot be sold using traditional payment processing solutions.
Companies like PayPal, Stripe or Square will cancel your merchant services if you are in the online vape industry. If you’re having trouble finding a reasonable vape merchant account for your vape shop ecommerce website and need a solution, look no further than PayKings.
Selling Electronic Cigarettes Online
Vaping and e-cigs companies continue to thrive in the online world. With vaping proven to be a healthier substitute to cigarettes, many people are switching over to the trendy alternative. As a result, vapes, juices, and vape accessories have created a booming new industry worth an estimated $14 billion. With so many businesses trying to get into the vape industry, one of the best ways to expand your market share is to establish an online presence.
As veterans in establishing vape merchant accounts, PayKings has multiple solutions tailored to best suit your vape business needs. Our expertise and payment solutions spans the industry from eCigs to juice, to smoke shops and vape stores. We understand the logistics of the underwriting process. For vape merchant accounts, there are specific industry standards in order to obtain trustworthy payment processing. Additionally, no other company makes it as easy as PayKings to obtain a vape merchant account in as little as 48 hours!
Did Your Credit Card Processor Shut Down Your Vape Merchant Account?
If you have an established vape or e-cigarette online business and have been shut down by your credit card processor, you have come to the right place. Traditional credit card processors like PayPal, Stripe, and Square do not authorize their services for the sale of vape products. These companies do not want to connect their brand to specific industries such as e-cigarettes and vaping. Unfortunately, many vape business owners are unaware of this policy and are left desperate for account recovery once they have been shut down.
If your payment processor has suspended or shut down your account, it is due to a violation in the merchant account’s policy. Additionally, the bank associated will freeze the funds in your account. This can make those funds inaccessible until the proper account recovery steps have been taken. The only way to regain and restore your business is to establish a trusted high risk payment processor so you can resume sales.
Having your merchant account suspended or shut down is a daunting situation. Not to worry, PayKings will help you through the entire process. PayKings acts fast when a vape account needs to be recovered after being shut down, allowing you to access your funds again. We can have your account recovered in as little as 48 hours and establish your high risk vape payment processor. With over twenty different bank relationships to choose from, PayKings has the proper vape payment processing solution tailored to fit your specific needs.
How Can PayKings Help With My Smoke Shop Credit Card Processing?
Securing online credit card processing is the most critical part of your online business. A custom cigarette merchant account that specializes in vape and eCig sales allows you to process payments and access funds. Without a high risk payment processor, your vape and e-cigarette site will not be able to operate. To reduce the risk of your assets being frozen and losing your online vape business, it is important to establish your vape merchant account through a bank that specializes in high risk payment processing.
PayKings specializes in finding banking solutions that optimize the processing of payments for vape product sales so you don’t have to worry about being shut down. We go beyond traditional banking and payment processing routes to find high risk providers that are enthusiastic about the vape industry and support your needs. All of this with exceptional customer service.
Therefore, whether you sell wholesale vape pens, supplies, or products, our team of vape industry experts has relationships with dozens of high risk banks that specialize in the processing of vape sales. PayKings’ fast account approval gets you the authorization and merchant solutions you need in as little as 48 hours.
What is a Paraphernalia Merchant Account
If you didn’t know it, the term paraphernalia is actually a very general word for the equipment, furnishings or devices used for a particular activity. But it is more commonly used in relation to smoking accessories such as glass pipes, lighters, grinders, ash trays, rolling machines, bongs, and any other product related to smoking.
Because of the association these smoking products have with the hemp and CBD industry, banks classify companies selling smoking paraphernalia as high risk. As a result, this type of business will require a paraphernalia merchant account in order to accept debit and credit cards online.
Smoking Accessories Merchant Account
Since the vape, hemp and CBD industry has consistently grown over the years, the sales of smoking accessories have significantly increased. As a result of the significant expansion of alternative smoking items, there has been a startup boom of businesses in this industry.
Today, one pillar of financial success for any business is ecommerce. For instance, smoking accessory companies that don’t sell their products online miss out on much more opportunity because they are limiting their potential smoking customer base. If you are one of these smoking accessories businesses, leave it to PayKings to get your online store selling smoking products and making you more money.
Why Is The Vape Industry High Risk?
Vapes and eCigarettes are a fairly new and evolving industry. The vape and electronic cigarette industry falls into the high risk category due to the inherent nature of the product. The enormous popularity of these products creates a top priority for the Food & Drug Administration. Being an ingestible as well as a tobacco-related product, the FDA heavily regulates the safety, use, and sales protocol of vapes and e-cigarettes.
Another reason why traditional banks and payment processors will not facilitate vape or e-cigarette online sales is the difficulty presented in authenticating a buyer’s age online. Specifically, federal law states that in order to purchase and consume vaping and e cigarette products, consumers must be over the age of 18. However, selling online makes it difficult for vape merchants to ensure that the buyer is indeed the age they claim to be. Only payment processors that specialize in high risk vape sales are willing to take on this risk.
How Does Being High Risk Affect Your Chances Of Getting A Vape Merchant Account?
Selling products such as vapes and electronic cigarettes will flag your business as high risk. This will affect the way banks approve your merchant account application. Vaping is a high risk industry, so it happens to many businesses. As you may have realized after being shut down from PayPal, Stripe, or Square, traditional payment processors will not assume the risk of vape merchant accounts.
Although these traditional platforms provide what appears to be an immediate merchant account solution, the reality is your account will later close. Weeks after initial approval, traditional platforms will underwrite your business. They discover high risk products for sale and immediately cancel your processing. This results in a loss of sales as well as assets of your vape business freezing until rectified.
It’s important to understand that being a high risk merchant does not exclude you from getting the payment processing you need. If you think your options are limited, think again. There are many banks and merchant accounts that specialize in high risk clients. Hence, these high risk merchant accounts have competitive rates that rival traditional banking all while keeping your business secure.
Rest assured, with reliable payment processors specifically designed to facilitate vape and e-cigarette purchases, you can focus on your business. Having sustainable vape credit card processing will eliminate any worries about your merchant services. Because you chose PayKings, your business is in safe hands.
What Can A High Risk Vape Merchant Account Offer You?
A high risk vape merchant account offers you the freedom you need to run your business efficiently. Tailored to suit the industry, our vape merchant account providers understand and abide by the constantly fluctuating laws. We help keep your transactions in good standing. PayKings is the industry-leading expert with years of knowledge and expertise in payment processing.
Our team of vape merchant experts work hand in hand with high risk acquiring banking partners and have established trusted relationships with more than twenty different vape-friendly payment processing providers. With so many options to choose from, PayKings has vape friendly payment processing solutions that will fit your business needs. Use our seamless payment gateways to process your vape credit card processing transactions.
PayKings stands with CASAA, the Consumer Advocates for Smoke-Free Alternatives Association, to continue spreading awareness for reduced-harm tobacco alternatives. Below is a full list of various vaping products, which provide alternative options from tobacco.
- Electronic Vaporizer
- Wooden Vape
- Vaporizer Juice
- Rechargeable E-Cigarettes
- Disposable E-Cigs
- Vape Batteries
- Vape Pens
- Vape Tank Systems
- Pre-filled Vape Cartridges
- Nicotine Salts
- Vape Mods
- Vape Coils
- Vape Chargers
- Vaporizer Box Mod Kits
- Nic Salts
- Vape Juice
- Pod Vapes
- Vape Cases
What Is The PayKings Vape Merchant Account Approval Process?
PayKings offers streamlined solutions for establishing your vape friendly smoke shop merchant account. Our team of experts will guide you through quick and easy steps to get you the payment processing your business needs in as little as 48 hours. Filling out our application and submitting simple documentation takes only minutes. In return, our expert team of underwriters will work tirelessly to provide the ideal vape or eCig payment processing solution.
PayKings makes vape payment processing simple for you. Here’s what you can expect and how we can help get your vape merchant account accepting credit cards:
- Fill out an online application
- Submit simple documentation
- Let our experienced underwriting team go to work for you to get you approved
- Start accepting payments
- Make money
PayKings understands the unique needs of the different vape related businesses and has established 24+ acquiring banking relationships to become a experts in getting vape merchant accounts set up and accepting online payments.
Vape Merchant Account Experts
- 20+ Proven Bank Relationships
- Medium/High Risk Accounts
- Fast Vape Account Approval
- Large Merchant Case Studies
- E-Commerce and Retail Vape
- B2B E-Cig Vendors Supported
Multiple Payment Solutions
- Multiple E-Commerce Gateway
- Chargeback Prevention
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Intuitive Compatibility & Support
- Gateway Recurring Billing
- E-Commerce Cart Plugins
- Developer API / Docs
- International Merchant Accounts
- Dedicated Account Managers