Online Tobacco Merchant Account
Selling tobacco products online is considered high-risk because nicotine and tobacco are controlled by the state and federal government, licensing rules, shipping constraints , and tax obligations . Because of these rules many business owners go out of business in a short time.
Because of the frequently short term nature of online tobacco sales , tobacco sales are considered High-Risk. Along with business life span tobacco merchant have more charge backs them most other companies. Be it people buying under age, buy to resell, using fake credit cards, fraud. Having the HIgh-Risk merchant account helps maintain your business through these pitfalls where most credit card processes charge huge fees or drop your account.
Accepting Credit Card Payments
It goes without saying that tobacco merchants need to be able to process credit card payments . Credit/Debit card services in needed in this digital age where most purchases are done online or over the phone. Without the ability to receive and process credit card information your business is drastically hindered in its progression .