What is a Cigarette Merchant Account?
A cigarette merchant account is one of the riskier merchant accounts as
per the providers. The basic nature of a merchant account for one
business always differs from another’s. The individual characteristics, particularly
with relation to the risk profile, make each business unique thus
needing a specific type of merchant account for online payment
collection. Cigarette vending is generally classified as a
high-risk business. Due to its extremely high risk content, majority of
merchant account providers prefer to shun cigarette merchants
altogether. Non-availability of cigarette merchant accounts is probably
the reason why online cigarette dealers in the United States are not
accepting online credit card payments anymore. Electronic checks,
instead, have now become the exclusive method for accepting online
payments for cigarette vendors.
Offshore Alternatives for Obtaining Cigarette Merchant Accounts
The stiff resistance on the part of local/regular merchant account
providers forces the vendors to look for alternative sources for
obtaining a cigarette merchant account of their own. The process
involves opening of an international offshore high-risk cigarette
merchant account. This enables the dealers to accept online payments
through credit cards or checks, irrespective of where they or their
customers are located. This provision of cigarette merchant account
enables a vendor to get market coverage worldwide. In addition, when
his business experiences growth and the cigarette merchant account gets
inflated with high volume of sales, the increased load can pose no
problems for him. In the light of the above facts, it is obvious that a
cigarette merchant account provides absolute business security for an
online vendor by processing his online payments with the help of secure
servers.
Facilities Offered by Offshore Cigarette Merchant Account Providers
The various features/facilities offered by various account providers
along with the cigarette merchant account constitute, more or less, of
the following:
- Large range of payment processing options.
- Effective online processing of credit/debit cards.
- Real-time processing with a fast setup.
- Provision of simple and easy cigarette merchant account solutions.
- Round-the-clock customer care.
- Choice of online reporting or recurring billing options.
- CVV2/AVS verification.
- Direct debit.
- Bank wire.
- ACH facility.
- SSL encrypted servers.
- Fraud protection tools and software.
- Multi-currency payment options with high-volume cigarette merchant accounts.
It
is apparent that these elaborate facilities provided by the offshore
cigarette merchant account providers are more than adequate to attract
many more cigarette vendors to their fold.
The security and trustworthiness of the cigarette merchant account
providing systems will be instrumental in giving the much needed solace
and increased revenues to the otherwise harassed dealers. |
