03/05/2020
The Evolution of Ecig Merchant Accounts
Take a step back to 2008 when the ecig industry was just starting to really blow up….. the product became popularized the Food & Drug administration decided to hone in on this profitable market space and take action against it. As a result, it caused banks to stay away from Electronic Ci******es processing. Most ecig merchants were finding offshore solutions to process credit card orders at an extremely high processing rate due to the mainstream processors and banks (First Data, Bank of America, Wells Fargo, Paypal, etc) shutting down ecig merchants without warning.
This is the time where BR Merchant Service saw an amazing opportunity to cater to an emerging industry to was about to pull the rug right out from under traditional cigarette sales. BR spent the time to attend conferences, speak with the FDA, consult with industry attorneys, and then; educate their staff and sponsoring bank on all aspects of the ecig industry with reasoning of why BR’s sponsoring bank should stand behind BR Merchant Service supporting the ecig industry. As a result, in 2008, BR become the first and only processor to openly accept ecig merchants for domestic credit card processing! It has been a great thing for both BR and the ecig merchants that they built relationships with. Today, BR Merchant Service is well known in the ecig community and markets as ecigmerchantaccounts.com; servicing thousands of ecig merchants, processing billions of dollars annually.
Years have passed since then, and slowly, many other processors realized this is a good industry and they are now trying to appeal to their clientele; even though their services have historically proven less sustainable. “Throughout this time we have ensured that our solutions are the most reliable and transparent to our clientele; business owners can rest assured when signing with us.”
When your Ecig business needs a merchant account fast, you don’t have time to fill out long applications and wait for people to get back to you with bad news regarding requirements, high fees, or even declines. Every minute is important to you, so you need a processor with a knowledgeable, prompt, and helpful staff to cater to your needs. Our staff will fill out your application, have a quick approval, and have you up and running with the best rates right out of the gate. We know time is precious to you, so we are hassle free!
