The global e-cigarette and vape market is massive, valued at over $12.5 billion… and growing. Thousands of fantastic businesses sell various products in this industry, both online and in person. The vape and e-cigarette industry is nothing short of electric. Worldwide vaping sales will reach $40 billion by 2023. While the vaping/e-cigarette industry is highly profitable, banks and credit card processing for the vaping/E-cig business also consider it high-risk. If you are a vaping merchant, you will need the best E-cigarette and vape merchant accounts from a reliable Vape and e-cig payment processing company that understands the complexities of the vaping industry.
Secure your payment processing and enjoy the premium reliability services.
There are great chances of approval because the system is designed to handle high risks.
Provide chargeback prevention tools that will assist you in resolving disputes if they escalate.
The industry expertise and support team will always help you with any challenge in Ecig’s business.
The vape/e-cigarette industry is considered to be one of the most high-risk industries. While your business might be regarded as high-risk, this is okay. While you will be paying more for a vaping merchant account, you will also be paying for chargeback solutions and guidance from high-risk processors who understand the nature of your industry. If you wonder whether being deemed high-risk makes getting a merchant account for vape products harder, the answer is yes.
Chargebacks frequently occur in the vaping world. These chargebacks can happen for numerous reasons, including customers unsatisfied with the juice flavor or their electronic vape pen. If the customer uses CBD vape, they can file a chargeback/dispute by stating the product was ineffective and leaving them unsatisfied. If your business experiences too many chargebacks, your fees could rise, and you could risk losing your merchant account.
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