What Is The Significance Of Having An E-Cig or Vape High-Risk Merchant Account?

The electronic cigarette and vaping industry is growing as a safer alternative to smoking cigarettes. However, the retailers and manufacturers find it hard to open a traditional E-cigarette merchant account in UK since the e-cigarette and vaping business is considered high-risk.  Let’s get to know how having a high-risk merchant account can help them.

Why E-cig and vaping business payments is considered high-risk?

The vaping industry is highly regulated due to numerous FDA regulations that come with a large number of rules to sell vape and e-cigarette. Moreover, there are legal and age restrictions on vape retailing. Thus, payment gateways for vaping in UK are considered high-risk. However, you can still accept credit cards by finding the right credit card processor high-risk merchant account service provider. 

How to get a high-risk merchant account for E-Cig and vape?

When you are applying for a high-risk merchant services account, stay honest about the nature of the business to avoid termination of your merchant services. You have to submit all the proper documentation and your credit history to your merchant account service provider to open an E-cigarette merchant account in UK. Make sure the company has experts who know your business entails to be able to reduce the risk associated with your account. 

High-risk merchant accounts have some unique needs, especially those that deal with electronic cigarettes and vaping industries. Thus, you must work with a reliable merchant service provider who understands the complexities of high-risk payment processing and can give you instant access to your funds. You can get in touch with We Tranxact Ltd, who offer 24/7 live support to ensure all your high-risk transactions are made securely without any complexities. 

For more information about E-cigarette merchant account in UK, payment gateways for vaping in UK please visit the website.