Corepay has experience setting up merchant accounts for the vape industry, so you can get your online vape shop up and running. High-risk vape merchant accounts are critical for vape resellers to process credit cards online, allowing you to deliver your products without interruption or hassle from your bank or payment service provider.
Vape companies can't exist without being able to process credit and debit cards. E-cigarettes, vape devices, and smoking accessories are classified as high-risk products due to the nature of the business, which means most banks and payment service providers don't want to deal with you! Whether it's an online store or a local store with a retail storefront, it's a high-risk product that is hard to find processing for.
Even the large payment aggregators like Paypal, Square, and Stripe will likely cancel your account if you're in the vape industry. Rather than scour the Internet for yet another service provider that will cancel you in 30 days, with funds possibly locked in reserve for 180 days, use Corepay understands your industry and is happy to stick around and help you succeed.
The vaping industry is already large, with e-cigarettes, pens, juice, batteries, and chargers on target to reach $29.9 billion in 2022. It's expected to reach $60 billion globally by 2025. Since so many businesses are trying to get into the vaping industry right now, you can quickly reach new customers and serve your old ones with an online store.
Corepay has led the high-risk merchant business for over three years, and we understand what it takes to make sure high-risk merchants can find a sustainable way to accept payments and serve their customers.
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Corepay has helped many vape merchants receive properly coded merchant accounts, often at much better prices than other high-risk merchant options. With our extensive knowledge of the vape industry, we know how to get your account underwritten and who should be servicing your account. Whether you're opening up a small storefront or a large online shopping center, we'll set up your vape merchant account — often in less than 48 hours.
Chargebacks and fraud are often a problem for online vape merchants. Customers may report a shipment as "lost" or damaged and request a free replacement. Corepay's services, plus our own chargeback alert solution, CB-ALERT, can help you spot potential fraud before it happens, as well as reduce the number of friendly fraud calls and unnecessary disputes.
With Corepay, your online vape store or retail storefront can accept all major debit and credit cards, including Visa, Mastercard, Discover, American Express, and JCB. We can even show you how to accept alternative payment options that still protect you and allow you to maximize your revenue options.
Our team is dedicated to providing innovative solutions and unparalleled customer service. Discover our customized solutions for high-risk industries, including vape merchants.Apply Now