Tobacco Merchant Accounts
Online tobacco merchant accounts have become increasingly more difficult to open over the past few years. Mainstream banks have deviated from approving online tobacco merchants because of the increased risk surrounding them. Health concerns along with heavy regulation make it nearly impossible to open an online tobacco merchant account. Tobacco merchants selling online will need to have certain card brand registrations in order to legally sell their products. Tobacco merchant accounts are available for both US and offshore based tobacco merchants. Our team only works with banks that are actively accepting online tobacco merchants.
Solutions For Every Business:
Setup your retail tobacco shop to accept face to face payments at aggressive rates.
Internet payments are easily accepted when integrated with Global Pay’s gateway.
Accept your customer’s payments over the phone and manually input them into the virtual terminal.
• Quick Payouts
Merchants are paid daily with USA accounts and weekly with international accounts.
• Several Payment Methods Accepted
Encourage your customers to order now when you accept all major payment methods in real-time.
Your online tobacco company will apply with a simple application along with some supporting documents. Once received, the application is reviewed by the underwriter and most applications are approved within one week.
Tobacco merchants are able to easily integrate the payment gateway with their website and shopping cart. Businesses will also have the ability to manually charge cards with the virtual terminal for orders placed over the phone or by email.
Global Pay’s tobacco merchant accounts include a number of fraud prevention tools that will help to eliminate fraud and chargebacks. Merchants are able to activate fraud prevention tools as they are needed.
Global Pay’s Stable Tobacco Payment Processing Solutions Offer:
• Multi-Currency Acceptance
International merchants are able to accept several different currencies; minimizing foreign transaction fees for their customers.
• No Volume Caps
Global Pay does not limit the monthly processing volume.
• High Transaction Approval
Each tier one bank is located in a “friendly” card brand processing regions to guarantee high transaction approval rates.
• Sell Globally
Global Pay allows businesses to process transactions from countries throughout the world.
• Fraud Prevention
Each tobacco merchant account is equipped with a suite of customizable fraud prevention tools to reduce chargebacks.
• Domestic & Offshore
Both USA processing accounts as well as international/offshore accounts are available.
Tobacco merchants will not have to worry about missing regulations since the bank will make sure that all tobacco merchants are correctly registered with the respective card brands, allowing them to sell tobacco products online. Other processors offering payment services to tobacco businesses without proper registration, risk having their; account closed, their funds held and their business placed on the terminated merchant file. This is never an issue with Global Pay LTD.
Contact our office today and speak to one of our account representatives to find out how easy it is to be setup with your own tobacco merchant account.