Visa & Mastercard Processing for Head Shops
Your Smoke Shop Needs a Merchant Account Provider to Grow. The task of finding a bank that will assist in taking credit cards by companies in the glass smoke or smoke shop business is difficult. The billers do not want to get associated with this business because they are considered high risk. There are many restrictions in the business that makes it very difficult to track like restrictions on age or laws made by the government in this industry that keep changing from time to time. If you are looking for a gateway set up for your business that helps you to set up a platform that accepts the master card and visa card payments then there is a lot of research and hard work to do, to be able to look for a merchant provider to set up a virtual terminal. There have been times when the bank has dropped of this kind of a business even when the charge backs were not very high. They may make your account a high risk account for no apparent reason.
Tobacco Friendly Credit Card Processing Company
The credit card business helps a business succeed. The glass shops and those who sell cigarettes are considered to be risky and if you own a shop that deals in selling hookah and pipes then you need a credit card payment system that is fool-proof. The merchant service provider should be able to provide for all the different kinds of credit cards and thus you need to look for one that is in line with what the large banks offer. You need to apply for one and get approved but you definitely have to keep the fees in mind. The rates need to suit your business needs and at the same time you do no want to pay a bomb towards a merchant account provider who is associated with multiple under writing banks. The ACH processing merchant account provider should be capable of charging you for their service for a reduced fee which will be beneficial for you in the long term.
Smoke Shop Industry High Risk Merchant Solutions
The industry is risky and the payment methods could be different from one customer to another irrelevant of whether your business is as startup or you are an experienced player. Some may want to make a payment on the phone while others may opt for an online payment. You need to choose solutions and handle them carefully since this will help you record sales. You also should be wary of the frauds in this market. The customer service should be excellent to have customers returning back to you.
It is an undeniable fact that the center of any smoke or glass pipe shop is a credit card processing system where the customers can make payments without any hindrances. The system should be able to accept the major credit cards and process payments. The merchant account provider should also come with a proven track record. These are very important to consider when you are looking to hire a payment processing company for your ecommerce business for your shop. The rates and the fees that the merchant account provider will charge will be on the higher side but the options can be traded on so that you do not at any stage compromise on your profits. But make sure that it does not exceed your breakeven price.
Domestic USA Banks vs Offshore Merchant Providers
The financial stability of your company, the credit history and the track record is helpful for your business and this will enable you to hire a merchant account provider who will be able to serve you at a reasonable rate. The startup businesses is charged more than the business that are established and with the already escalated price the fees becomes a lot. And the other reason is that the established companies find it easy to find merchant account Provider Company but that is very difficult for someone just into this field. These rates vary by startup vs. history.
It is not a difficult task to ship the items to a local shop and in case you want a reliable domestic merchant account provider you can look to hire some genuine ones who are able to set up the service for you within two days. The application process is not very tedious and at times the company does not charge any application fee. You can apply for a merchant account holder provider for an ecommerce website. Look for the benefits that they provide as well as whether the customers can purchase using the mobile apps. The apps make it easy for you to connect to the customer directly and this will help you maintain a long lasting relationship. However, in case you wish to expand your business and go global then an offshore count is what you should consider. If you have an ecommerce website then setting up an offshore account helps as you will get customers from across the globe. Not having an offshore account can limit your capability to expand internationally.