Due to the increase in public smoking bans in cities across the country, e-cigarettes are increasingly viewed as a viable alternative to traditional cigarettes. However, merchants who would like to sell this technology face obstacles to payment processing for vape shops. Many major credit card processors have dropped their placements for e-cigarette merchant accounts, citing the unclear legality and safety of the product, the likelihood of increased regulation, and a high potential for chargebacks among e-cig consumers. E-cigarette credit card processing is available only as a “high risk” option in most cases, which means that it usually comes with higher rates and less room for merchant negotiation.
We have compiled a list of the top e-cigarette merchant services providers in the space below. Most of these credit card processors either specialize in high risk merchant accounts or utilize partnerships with offshore banks to allow merchants to process credit cards for e-cigarettes. In order to find the right provider for your vaporizer business, be sure to check out each company’s products and compare costs.
