Increasing in popularity, but also posing a risk, are Electronic Cigarettes, also known as Vaporizors or Vapes. Vaping is rising in recognition because it provides almost the same effects as nicotine, but emits water vapor instead of smoke. Thus far, this industry has remained relatively unaffected by government legislation trying to regulate and control the industry, although the Federal Government is threatening to clamp down, placing the electronic cigarette payment processing industry into strange grey area, creating a higher risk atmosphere for many merchant account processing companies.
Despite fewer requirements by card payment networks, some companies are now considering them high risk, and either pulling out or becoming more strict in their processing. Some are resorting to making special requests and requirements regarding vapes and even asking merchants to seek legal reviews. Within the confidentiality of a written letter, the reviews show the merchant’s complete compliance with all the tobacco laws, both federal and local. It would be wise for merchants to prepare for upcoming changes. Merchants should anticipate potential additional requirements so as to be ready when and if the time comes that they are asked for a legal review.
Regardless of the type of shop you are running, vape, hookah lounge, or even cigar shop, Credit Debit Processing has 25 years of merchant experience in the credit card processing industry that allows us to offer professional guidance for your business. Our Cash Discount Program along with our Clover credit card terminals and point of sale systems can be preprogrammed to meet your needs. Our equipment is EMV-compliant and includes the latest on the market products. Our POS systems can not only process credit cards, but also manage employee hours and payroll, track inventory, keep customer information on file, email and save digital receipts, run loyalty programs and more. You have a multitude of choices that you can make, giving you all the control to how you want to run things regarding your business. We are always available to answer your questions and to help you in choosing the best hardware and software that suits your business best.
Our Cash Discount Program, knowledge and approved accounts for the Vape industry allows Vape merchants to have a more competitive edge overall, as well as increasing their profit margins. Using a Cash Discount Pricing model charges a flat fee per month of $7 for each account, conveniently eliminating the long term contract, and the ever increasing merchant fees you are used to paying. This makes things so much easier on the retailer. Our Cash Discount Program works by offering better pricing for cash paying consumers and legally charges a small one time processing fee for those paying with a debit or credit card as long as there is sign in your store that states all prices posted or quoted is the cash price. Our Cash Discount Program is a legally proven fee surcharge way to save you thousands of dollars without a long term contract.
Credit Debit Processing has 25 years of merchant experience in the credit & debit card processing industry that allows us to offer professional guidance for your business. Please contact us and we can provide you with all the information you need to make a cost saving decision, and to sign up for our Cash Discount Program that is sure to save you thousands of dollars without a long term contract.
Contact Bancard Midwest at 952-461-1200 today to increase your profit margin!