March 16, 2023 |: High risk trading account | Dustin
Head shops, better known as “smoke shops”, are considered high-risk traders. This has resulted in many more businesses needing a vape merchant account. The vaping industry and related products have seen many changes over the years. Smoke shop traders face many legal obligations before they can even start selling the products.
Banks consider the liabilities of head shops and ward shops for several reasons. One factor is the age limit. This requires department stores to make sure they sell to adults who can legally make the purchase. The latest legislative change is even more worrying. Now, vape customers must be 21 years old to purchase nicotine or smoking items.
Open a Vape Merchant account
To get started, fill out the form below.
Vape shops for travelers
Main store payment processing
Stores in tourist areas can get a lot of traffic. However, retaining customers means more than having a great location. Presentation, customer service and product quality are important. Shops equipped with a variety of vapes such as pipes and glasses have an advantage. After displaying your glassware and educating the customer. All that remains is the purchase. And this is where some vape merchants struggle. If you don’t have the correct payment processing account, the customer may decline the sale. Fortunately, new regulations allow card transactions in the vape industry. This gives merchants the freedom to accept cards both online and in their retail store.
E-Cigarette Merchant Account Solutions
Products such as e-cigarettes, paraphernalia, hookahs and bongs are not products that banks like to work with. Thus, merchants have a lot to consider when opening or operating a flagship store. Payment processors are hesitant to accept these types of businesses, but PayKings has merchant solutions for e-commerce and brick-and-mortar tobacco stores.
Customers love options, especially when it comes to how they pay. Research shows that people spend more when using cards than using cash. Thus, cigar merchant accounts are important in the finalization of credit card processing. A vape shop is considered to be in a high-risk industry, so they will need a reliable payment processor with a registered ISO MSP.
Payment gateway for Vape
Setting up a payment gateway to get a vape seller to start accepting credit cards can be stressful. Business owners should consider the benefits associated with selling smoking paraphernalia. Return on investment becomes a difficult task when consumers are unable to shop.
Your business will inevitably need a vape merchant account. In order to better understand the vaping and e-cigarette industry, it is important to be familiar with the different types of vapes. That’s why we’ve compiled a comprehensive list of products commonly found in a smoke shop or vape business.
- Electronic cigarette
- Vape
- Water pipe
- Ashtray
- hookah
- Pipe cleaner
- bong
- Smoking pipe
- ball
- Rolling Papers:
- Electronic cigarette
- Desktop Vape:
- Pipe
- Nectar collector
- Landings
- Bong adapters
- Filters:
- Scented rolling papers
- Dabber Set:
- Dabbers
- Bong Nails:
- Electronic nails
- Vapor curves
- Extraction systems
- Bong Bag:
- Scales
- Hemp roll
- Pre-rolled Cones
- Roach Filter Tips:
- Joint rolling machine
Alternative to Vape Paypal
PayKings is the best alternative to payment processors like Paypal, Square and Stripe that regularly shut down and prevent vaping suppliers from processing payments. Contact us even if your payment processing needs are currently met. We compare prices to see if you are being charged a fair amount for this type of vape merchant account. We also have payment gateways that are robust and have tools that monitor fraudulent activities that can prevent chargebacks.
Stable payment processing
PayKings is sensitive to the unique needs of smoke shop businesses and smoke shop merchant accounts. With years of experience in acquiring high-risk merchant accounts, we have acquired a trusted network of payment providers. We have established acquiring banking relationships to become experts in accepting retail and online payments for your tobacco merchant account. We want your business to thrive and succeed in the long term. We have the commercial services and know-how to make it happen.
Paid partnerships
Along with payment processing solutions, PayKings also has a paid affiliate program that pays balances. This gives you the opportunity to help business partners in the smoke shop industry and earn some extra income while doing so.
March 16, 2023 |: High risk trading account | Dustin