Many banks and merchant services companies may shy away from the tobacco industry for a number of reasons. The few who do allow these businesses on their books label them as “high-risk” in order to justify a higher rate than what a typical merchant would pay.
Here are a few reasons cigar & tobacco merchants are often labeled high-risk:
At WizoPay, we specialize in working with online tobacco & cigar merchants. We don’t treat them as high risk because they’re a core part of our own business. We’re ideally positioned to offer low rate, stable cigar & tobacco merchant processing — without the interruptions, payout freezes, and unfair terminations that businesses have seen at PayPal, Stripe, or Square. In addition, we offer an online chargeback and fraud prevention tool that allows our merchants to work with one of our US-based service specialists to fight any chargebacks or fraud they may have to deal with as an online tobacco merchant.
We work with each of our merchants to develop a personalized solution that fits their needs.
If you are looking for a tobacco processing merchant account, you have come to the right place. WizoPay is the most reliable high-risk tobacco credit card processor because our services are designed especially for hard-to-place industries. You need a company that understands the challenges that online businesses like yours face and has built-in solutions for them.
If your company has been previously shut down by a payment processor then you understand the undue burden this puts on your business. Your company needs to have a reliable payment processor that knows your industry and how to manage your account. At WizoPay we have worked with thousands of hard-to-place merchant accounts and have successfully helped their business grow.
Look for a trusted provider that is well-versed in the intricacies of high-risk industries. You’ll also want to consider the team you would be working with on a day-to-day basis to make sure they can address challenges and concerns as policies and regulations change. The team should deliver credit card processing solutions to combat fraud and support your business as it grows. Most importantly, we offer merchant services programs that offer low rates without the long term contract commitments that often include excessive fees and penalties.
Types of Merchant Processing Available:
As an online cigar & tobacco merchant, you will need to find a payment processor who works with high-risk businesses. You need a partner who has specifically experienced working with high-risk merchants and understands the industry. It’s relatively easy to find high-risk payment processors, but it can be difficult to identify those who have an understanding of the industry.
Whether you’re selling in a traditional brick-and-mortar, online, or an e-commerce business, WizoPay has solutions to ensure your second amendment rights are supported. Our credit card processing solutions fit the complex needs of your business. With over 25 years of experience in the tobacco & cigar industry, WizoPay has reliable and affordable credit card processing.