PMTA deadlines, state-level bans, and shipping restrictions reshape vape processing. Here's what merchants need to get approved and avoid terminations.
As a vape or e-cigarette merchant, you're likely aware of the rapidly changing landscape surrounding payment processing. PMTA deadlines, state-level bans, and shipping restrictions have made it increasingly difficult for high-risk businesses to secure reliable payment solutions. Without the right guidance, you risk being terminated by your current processor or facing significant challenges in finding a new one.
The first major hurdle for vape merchants is the PMTA (Pre-Market Tobacco Authorization) deadline. As of 2023, all e-liquids and vaping products must be PMTA compliant to be sold in the US. This means that any products not meeting these standards will be removed from the market, leaving you with a significantly reduced product line and revenue stream.
State-level bans and shipping restrictions have also become a major concern for vape merchants. Some states have implemented outright bans on the sale of vaping products, while others have restricted the types of products that can be sold. Shipping restrictions have also made it difficult for merchants to reach customers across state lines.
""Compliance is key in the vape industry. Staying up-to-date on changing regulations and finding a processor that can handle your unique needs is crucial to avoiding termination.""
Finding a reliable vape merchant account has become increasingly difficult due to the high-risk nature of the industry. Many processors are hesitant to work with vape merchants, citing the risks associated with non-compliance and the potential for chargebacks and disputes.
At Cybin Enterprises, we specialize in providing high-risk payment processing solutions for vape and e-cigarette merchants. Our network of specialized acquirers allows us to offer competitive rates and flexible terms, even for non-compliant products. We understand the unique challenges faced by vape merchants and are committed to helping you find a reliable payment solution that meets your needs.
Cybin Enterprises is a payment services intermediary specializing in high-risk merchant accounts. Our team brings decades of experience in payment processing, compliance, and risk management.
Expertise: High-risk underwriting, payment compliance, chargeback management, multi-processor routing
Understanding the factors that classify a business as high-risk is the first step to securing stable payment processing.
Chargeback disputes can threaten your merchant account. Discover how early dispute alert systems help merchants resolve issues before they escalate.
Whether you're dealing with account termination or launching a new high-risk business, we can help you secure stable payment processing.
