In 2015, the global tobacco market, including the industry as a whole, was valued at more than $6 billion. This monumental sum factors in the amazing growth the industry has continued to see throughout the years. With such a lucrative market, it comes as no surprise that so many individuals are looking to provide smoking accessories to customers in need.
If you have a business that offers smoking accessories such as bongs, pipes, and other paraphernalia, it is essential to accept debit and credit cards. Accepting debit and credit cards as a form of payment helps you avoid missing out on potential sales opportunities for those who do not have cash available. This is why it becomes vital to secure a smoking accessories merchant account in order to join the eCommerce era.
When you are the owner of a smoking accessories business, finding merchant services for smoking supplies is essential before you begin generating sales. Obtaining credit card processing through a standard processor can lead to unexpected freezing or termination of your account due to the high risk nature of selling smoking accessories.
Unfortunately, the smoking accessory industry is still considered high risk in many states due to the varied legislature in place. Although the sale of smoking accessories in itself is not illegal, some states or jurisdictions consider these businesses high risk. The businesses may be considered high risk due to their association with substances that might not necessarily be legalized on the federal level.
Utilizing a smoking paraphernalia credit card processing service is one way to ensure you are fulfilling orders to the best of your ability. With a merchant account designed for payment processing for smoking paraphernalia, you can continue running your business as usual.
Applying for a standard merchant account using Paypal, Stripe, or Braintree may result in acceptance or denial for your smoking accessory shop. However, this can result in extreme risks. Even if you are accepted for a merchant account, your account may be at risk for the following:
As a business owner, you understand the importance of being able to accept any form of payment. Using a payment gateway designed for high risk industries such as smoking accessories provides a number of advantages, such as:
Before you submit an application for a smoking accessories merchant account, it is important to remember that there are requirements involved in the process. While you are in the process of seeking approval from your chosen smoking supplies payment processor, you may be asked to provide the following information:
Obtaining a merchant account that welcomes smoke accessory companies is a way to continue conducting business without issue. By finding the right smoking supplies payment processor, your customers are given better access to interact with your products as well as grant you the peace of mind that your business won’t be shut down.
Most of the time merchants reach out to us because their business has been shut down by their previous, tier-one processor. While this can occur at any time, it most commonly happens after months of processing and without proper warning. Fortunately, PaymentCloud is situated to accept businesses belonging to a range of industry types that otherwise would be rejected by traditional processors. Specializing in high risk, such as smoking accessories merchant accounts, we have what you need to get your business up and running.
With our large staff of dedicated account representatives, we are available everyday to help answer questions and provide valuable support to our merchants. Any questions before, during, or after the acceptance process go directly to the representative who understands the wants and needs of your business. Our merchants’ satisfaction is a big driver in all that we do at PaymentCloud.
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From day one, Miles has been an overwhelming help to me in making sure I am making the best choices for building my business. His patience with me as he helped me step by step in submitting my application was so appreciated! …The team has been amazing across the board, and I truly cannot thank them enough!
I've been working with the folks at PaymentCloud for about two weeks now. They have made it super easy and they guide you through everything! Their customer service and support is awesome! I'm so glad that we connected with Michael S. and all the other folks at PaymentCloud. Highly recommend!
The agent who helped me to onboard was attentive and consistent throughout the process... They made sure I knew how to manage my accounts and had them properly set up and in compliance. They turned what could’ve been an intimidating process riddled with errors into a smooth transition for my business.