To sell tobacco online, you will need a payment processor. But not any ordinary payment processor. You must avail yourself of the services of a high-risk payment processor in the cigars and tobacco industry. The tobacco industry is considered high-risk. That is why not all payment processors put their foot in the water. Luckily, Thrifty Payments is a payment processor that provides services to tobacco and cigar dealers.
We always do our part to ensure that we set your business up with the most affordable processing rates possible to maintain optimal profitability.
We pride ourselves on reliable customer service and are always there to answer questions and provide solutions.
Our processing solutions are explicitly designed for high-volume/high-ticket companies.
We understand the importance of approval times, and we typically can get you approved within 24-72 hours.
While you may have heard negative things about tobacco products, the industry is doing pretty well worldwide. Leave the US alone. See the numbers for yourself. In 2017, around 250 billion cigarettes were sold in the US. And talking about cigars, around 12 billion cigars were sold in 2015. This industry remains among the most profitable worldwide, so the demand for cigar and tobacco merchant accounts is very high.
Authorities have tried to stop the production of cigars and tobacco products for the last few decades. To sell tobacco products online, you will need a payment processor. However, not all payment processors provide services to businesses in this industry because of the authorities' efforts. A traditional bank account for tobacco-selling companies is nearly impossible. Shutdowns, declines, and overall dissatisfaction are not uncommon in this industry. The only possible solution to this problem is a high-risk tobacco merchant account.
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