August 29, 2023
Image of How Vape Shops Can Get Credit Card Processing Services
Vape shops are one of the fastest-growing businesses, but they often face challenges when it comes to payment processing. Most payment processors consider vape shops high-risk because of the perceived association with tobacco products.  The high-risk designation leads to numerous challenges for vape shops when applying for merchant accounts, such as: Higher fees Difficulty in...
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Image of How Much Does A High-Risk Payment Processor Cost_
High-risk merchant account fees are more costly than traditional merchant accounts to offset the financial exposure associated with servicing high-risk businesses. A business is classified as high-risk because of the potential for chargebacks, fraud, and other risks. Without a merchant account, your business cannot accept credit or debit cards — the consumers’ most preferred means...
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