M&M Merchant Card Services Inc. is a leading provider of merchant accounts for the electronic cigarette industry. The lack of clarity in regards to the classification of e-cigarettes scares banks and institutions from opening merchant accounts for these businesses. The Family Smoking Prevention and Tobacco Control Act of 2009 have caused processors to be wary of processing payments for electronic cigarettes, even though they are technically not cigarettes or tobacco. Without full federal research and regularization banks won’t risk exposing them to any legal risks.
For your e-cig shop you’ll have to look for payments services from high risk experts, like the team at M&M Let our team show you how to set up your merchant account with ease and get your e-cig shop off the ground.
The Popularity of E-Cigs
The promise of health benefits from switching to electronic cigarettes lure many smokers away from Big Tobacco. Get an electronic cigarette merchant account from M&M Merchant today and start to leverage the popularity of this new and growing market.
The New Frontier
E-Cigarettes and vaporizers are becoming increasingly common but remain undeniably new territory, so traditional banks are hesitant to approve you for an account. Not at M&M Merchant; we embrace new industries and take on new challenges. Let’s work together.
High Risk by Traditional Banks
Without regulation from the Food and Drug Administration, e-cig stores remain classified as high risk by traditional banks. This creates complexities and problems if you’re a merchant running an e-cig business.
Get an e-cig merchant account today with M&M!