How to Get a High Risk Vape Merchant Account

by Martin B. · December 26, 2018

In order to find the best E cigarettes High Risk Vape Merchant Account, one should keep a few points in mind in order to evaluate them to match their needs:

 High-risk specialization – A reputed and experienced merchant accounts specialist will have a sales staff (preferably in-house) that’s trained and experienced in dealing with high-risk merchant accounts.

 E-Commerce support – With an online presence, one requires a payment gateway to process their sales transactions. There is wide use of the virtual terminal to go with it, as this will allow you to input card-not-present transactions from any internet-connected device with a web browser. Card readers that connect to your computer via with the use of USB or Bluetooth, a connecting card with them through computer enhance the utility of a virtual terminal by allowing you to process card-present transactions as well.

 Sales and advertising – Foul sales promises and unreliable sales representatives is not an uncommon issue in the payments industry. Basic terms of any contract fulfill full disclosure of terms of contract, processing and account fees by a sales representative, however, they always come to fall short of their promises on this front. Its also not completely their fault because these agents work with so many processors to accommodate your needs. As every processor sets its own rates and terms, it’s practically impossible to spell out all the details on a website. One should closely work with their agents to come out with the most promising terms.

 Pricing – There are two types of costs associated with this merchant account i.e processing fee and account fees. Processing fees are measured on a per-transaction basis, while account fees are billed monthly or annually basis. However it is recommended to go for interchange-plus pricing plan Ordinarily, we recommend an for processing rates over a usually more expensive tiered pricing plan and keep in mind as a high risk category one will find difficult to get approved for interchange-plus pricing.

 Contracts – Many terms of contracts for merchants have been modified in recent years for the benefit of payments industry such as automated renewal of contract from a standard 3-year agreement, early termination fees have also been eventually decreased. However, it is still a no-go zone for high risk merchants. They are asked to sign up for long-term contracts.

 Customer support – One of the most important criteria is to have suitable and east customer support 24/. This is certainly a very challenging task for any merchant account provider. However many providers have taken various steps to address this issues such as self-help resources which act as a medium between provider and customer. It is easily available on the website in the form of tutorials and articles. This allows the account provider to solve simpler problems of customer and work upon more complex issues.

To Know More about E-Cigarette & Vape Merchant Accounts

Give us a call at+44 800 776 5988 or get in touch with us through our website. Even if you’re not a customer of ours, we want to help you understand the process so you can make the best decisions for your business. We believe transparency and proactive education is the best policy.

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Martin B.

Ex-smoker, passionate vaper who loves to tell the world about the life-changing potential of vaping. Co-creator of Ecigclopedia with a background in Business & Finance. Prefers a dessert flavored vape and loves to innovate.