Merchant accounts for e-cigarettes & vapor products businesses are readily available for companies with a retail location that wish to process card swipe transactions, however, processing "card-not-present" transactions such as Internet order, mail order, phone order, and fax order usually require an off-shore processor with higher rates, slower payouts, and an expensive reserve fund.
CyoGate is one of the few merchant services companies to offer card-not-present credit card processing
for e-cigarettes and vapor products merchants using a domestic, US-based, bank!
If you're currently processing your e-cigarettes & vapor products sales using and offshore merchant account, CyoGate can typically reduce your merchant processing fees by 50% or more with daily payouts a couple of days after the transaction instead of being paid weekly, one or two weeks in arrears. Additionally, we can drastically reduce, if not eliminate entirely, the need to maintain a reserve fund of 10%, or more, which will greatly improve cashflow.
An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. A standard retail "swipe" merchant account does not allow processing of these "card-not-present" transactions.
If the domestic banks are denying your merchant application because they believe your industry is considered high risk, CyoGate can help! We have an offshore network of merchant processing partners that enable us to provide low cost, high risk merchant solutions to a much wider range of businesses and industries.
The CyoGate Internet Payment Gateway offers one of the quickest and most cost effective ways to accept and process credit card and electronic check payments online. Our payment gateway works with most existing merchant accounts and supports hundreds of popular web shopping carts and eCommerce platforms.