Why Is The Vape/e-Cig Industry Considered High-Risk?
Although the vaping industry is seeing exponential growth and global revenues, many low risk processors refuse to work with electronic cigarette and vape merchants for two reasons:
- 1.Federal/State regulations are constantly changing and getting stricter. For example, legislative trends implementing stricter age restrictions in certain states, such as the “Tobacco 21” laws introduced by local governments to combat underage tobacco sales
- 2.Vapes and e-cig related products are regulated and targeted by the FDA (Food and Drug Administration)
You can still grow your business and continue with your e-commerce sales by partnering with a company who understands the costs and risks of your industry – High Risk Merchant Pay.
Simply put, these regulations require extra underwriting knowledge and procedures, which many low-risk processors are not willing to offer and so vape companies are denied services.
Our in-house team of expert underwriters and compliance team will make sure your site is compliant with all regulations. We stay on top of industry trends and new regulations on a global scale so international businesses are compliant in countries across the world.
HRMP: One Of The Only Global Processors to Support Both CBD & Vape as One Store
Since inception, we are proud to be one of the longest standing, most reliable Vape payment processors all over the globe. In fact, we are one of the only processors to support both Vape and CBD sales together as one store – normally CBD products and Vape products must be divided into separate merchant accounts.
Our relationships with banks across the globe make processing payments internationally seamless and easy for everyone. By processing in more than 169 different currencies, we can find a happy home for any business, whether you’re international or domestic. This means you can sell your vape/e-cigarette products to buyers all over the world, the buyer can purchase in their native currency, and we’ll provide payout in your local currency – everyone wins.
While our payment processing reaches all corners of the world, we do everything in-house at High Risk Merchant Pay, from underwriting to live customer support. Our dedicated end-to-end service offers simplified underwriting and an easy application process so we can get you up and running quickly. Process your online payments under one bill, one processor, and one flat rate. No outrageous pricing, no credit check, no background check needed.
Our secure e-commerce gateway and integrated shopping cart solutions are compliant with all PCI DSS standards. From Shopify, WooCommerce, Wix, you name it – we can integrate with more than 175 shopping cart solutions and even support recurring payments.
Fraud Prevention & Chargeback Mitigation Tools Built For Your Vape/e-Cigarette Business
While you focus on sales and customer satisfaction, we’ll focus on securely processing your customers’ vape/e-cig electronic purchases while mitigating chargebacks. We deploy the latest, state-of-the-art fraud protection technology in order to help you maintain a good standing with card brands and ensure the longevity of your merchant account. Our advanced fraud protection and chargeback mitigation tools help us to identify vulnerabilities, increase retention, and boost customer satisfaction.
Contact High Risk Merchant Pay at (844)-802-4701 today to start processing your Vape payments!