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, e-cigarettes, and their 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 eCommerce website and need a solution, look no further than PayKings.
Selling E-cigarettes Online
Vaping and e-cigarettes 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 accessories have created a booming new industry worth an estimated $14 billion. With so many businesses trying to get in on the ground floor of 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 solutions spans the industry from e-cigarettes to juice, to smoke shops. 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 account 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 making them inaccessible until the proper account recovery steps have been taken. The only way to regain and restore your business is to establish a 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 that is tailored to fit your needs.
To learn more about high risk merchant accounts and how they work, click here
How Can PayKings Help With My Vape Merchant Account?
Securing online credit card processing is the most critical part of your online business. A custom 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. 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.
Why Is The Vape Industry High Risk?
Vapes and eCigarettes are a fairly new and evolving industry. The vape and eCigarette 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 vape or e-cigarette products, consumers must be over the age of 18. However, online sales make 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.
To understand more about how high risk merchant accounts work and who qualifies for them, click here.
How Does Being High Risk Affect Your Chances Of Getting A Vape Merchant Account?
Selling products such as vapes and e-cigarettes that flag your business as high risk will affect the way banks approve your merchant account application. 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 and 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 and not have to worry about your merchant services. With 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 banks and have established trusted relationships with more than twenty different vape-friendly payment processing providers. With so many options to choose from, PayKings surely has a vape friendly credit card processing solution that will fit your business needs. Use our payment gateways to process your transactions seamlessly.
PayKings stands with CASAA, the Consumer Advocates for Smoke-Free Alternatives Association to continue spreading awareness for reduced-harm tobacco alternatives.
What Is The PayKings Vape Merchant Account Approval Process?
PayKings offers streamlined solutions for establishing your vape friendly 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 the 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 it 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 expert underwriting team go to work for you to get you approved
- Start accepting payments and making 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