Smoking Accessories Merchant Account

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 to 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.

Why Selling Smoking Accessories is Considered High-Risk

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 completion. With a merchant account designed for payment processing for smoking paraphernalia, you have the ability to continue running your business as usual.

The Importance of Smoking Paraphernalia Credit Card Processing

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:

  • Flagging: If you are selling smoking accessories such as bongs or pipes, your account may be flagged. Selling paraphernalia can be considered illegal or frowned upon in different states, depending on the local legislation.
  • Frozen Account: If your account is flagged for any reason, it may also be frozen. Frozen accounts may require a manual review from your current payment processor. When your merchant account is frozen, you are not able to accept or process payments. In addition, many times your funds will also be held by the processor pending their investigation into your account.
  • Account Termination: A standard payment processor such as Paypal has the ability to terminate your account at any time. Even if they initially approved your merchant account, they may find your inventory or content to qualify as high-risk. If your account is terminated, you will immediately lose access to your ability to process sales and payments.

Why Use a Payment Gateway for Smoking Accessories?

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:

  • Reduced Risk: Smoking accessory payment processors approve the inventory you stock, allowing you to process payments without issue. You can dramatically reduce the risk of having your account frozen, locked, flagged, or terminated with the correct processor behind you.
  • Chargeback Support: Smoking supply payment processors understand the risk of more chargebacks. They accept business deemed as high-risk, regardless of higher chargeback rates--which are typically higher than 3%.
  • Increased Sales: By offering additional payment methods to your customers, you can drastically increase your sales. Your business can go from a cash-only establishment to one that accepts all major credit card types.

What is Required When Applying for a Smoking Accessories Merchant Account

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:

  • Bank Account Details: Your personal and business bank details are required to receive approval for a high-risk merchant account. Your account and routing numbers will be requested. Additionally, you may also be asked to provide at least 3 months of bank statements to give the potential processor a snapshot of your finances.
  • Personal Information: You will be required to provide your name, mailing address, phone number, and social security number while completing your application. You will also be required to provide an official driver's license or a government-issued ID.
  • Business Model: Sharing your business model or revenue plan may also be requested if you have not yet established your business. If you have proof of sales and revenue, showing this can expedite the approval process.
  • Online Presence: In some instances, providing your website's official URL as well as your online presence on social networking sites that your business is associated with might be required. Showing your company's online presence is a way to provide proof of its existence and viability.

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.

Partnering with a Credit Card Processor you can Trust

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.

Full-Service Merchant Services

PaymentCloud is a full-service ISO dedicated to providing innovative solutions and unparalleled customer service. The merchant services field is antiquated to say the least; we aim to break out of the status quo. Our suite of innovative services was built to save you time and money.

Quick Deposits

As a business owner, you should never have to wait for access to your funds. You have bills to pay and a business to run, and we understand. That is why PaymentCloud offers next day funding for ALL card types.

Our next day benefits are great for businesses that…

  • Process the bulk of transactions in the evening
  • Process heavy volume during the weekend
  • Are located on the West Coast
  • Have daily or weekly expenses such as payroll, inventory restocking, or shipping costs

Contact PaymentCloud today at 1-800-988-2215 to learn more.

Innovative Technology

PaymentCloud is an industry leader in product innovation and cutting-edge technology. We provide our merchants with payment processing solutions customized to their business type. Our terminal selections include the latest in EMV Smartchip technology, wireless or PIN pad options, and countertop devices.

We also offer mobile processing hardware and applications, tablet POS systems, and our secure online payment gateways. Your dedicated account representative will assess the needs of your business and set you up with a solution that best fits your needs.

Contact PaymentCloud today at 1-800-988-2215 to learn more.

Dedicated Account Rep

At PaymentCloud, customer and technical support are aspects of the business that we take seriously. Each of our account representatives is rigorously trained in merchant services, product specifications, pricing structures, and technical support.

When you set up your account with us, you will be assigned one of our expert representatives who will set you up with everything you and your business needs. We want to see you succeed and strive to provide the best support that we can.

Your account representative will:

  • Assist you with filling out your application, helping you get approved quicker
  • Walk you through setting up your equipment or electronic processing software
  • Go over pricing structures as well as Visa/MasterCard rates and fees
  • Notify you when industry and/or security updates arise
  • Provide you with personalized customer service when you need it

Contact one of our specialized representatives today at 1-800-988-2215 to learn more.

Competitive Rates

We are proud to offer competitive rates for payment processing services, including highly affordable equipment leases for terminals that accept swiped and keyed-in credit card transactions.

We’ll work with you and try our best to beat competitor rates. Take advantage of our FREE rate comparisons to show just how much you could save.

Contact PaymentCloud today at 1-800-988-2215 to learn more.