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PUREPAY OFFERS PROFOUND SOLUTIONS FOR E-CIGARETTES AND VAPE MERCHANTS

PurePay provides merchant accounts for merchants selling e-cigarettes and vapes online with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries. Contact us already today if you are interested in getting a merchant account by clicking on Get A Quote or going to our Contact Page. PurePay’s solutions are available for e-commerce businesses, offline businesses and much more so do not hesitate to fill out a pre-app today.
 

E-cigarettes

Snus

Vape

Tobacco

Our clients

PUREPAY E-CIGARETTES AND VAPE PROCESSING DETAILS

Fees that PurePay will charge depend on factors like processing history, method of sales, destination countries, volume of sales, and products. All Gambling Merchant Accounts are unique but included terms stay the same for most: merchant discount rate (MDR), transaction fees, monthly gateway fee, 0-6 month rolling reserve, chargeback fee, refund fee

MDR

from 2.5%

Setup Fee

from €0

Monthly Fee

€49.95

TRANSACTION FEE

from €0.20

AUTHORISATION FEE

€0.30

WIRE FEE

€5

CHARGEBACK FEE

€35

REFUND FEE

€0.30

ROLLING RESERVE

from 0%

ROLLING RESERVE HOLD

from 0 days

PAYOUT TERM

from daily +3

This industry is flagged as high-risk by payment processors due to heavy regulations subject to frequent changes, locally and abroad. Besides, this industry has reputation risk and health risks to consumers, alongside inadvertently selling products to minors, triggering liabilities.

Additionally, increased chargeback risks for late delivery, etc. and fraud risks associated with online selling brings this industry to a high-risk profile.

The main things that impact the terms are the level of revenues that you get and whether you have documented sales history of over 3 months, not only if you have history but also how well it looks.

Yes, we do support certain local payment methods for this vertical, but ultimately it comes down to the solutions to accept or decline.

Yes, we will contact you (usually within 6 working hours) with a custom offer if your monthly revenues exceeds 150 000 euro and/or if you have history of longer than 6 months.

Purepay offers payment processing in Europe, therefore you have to have a European company plus fulfill requirements for documents and website compliance for the application process.

  • Incorporation Certificate.
  • Memorandum & Articles of Incorporation.
  • Color Passport for UBO / Shareholders / Directors.
  • Office Lease Agreement signed by both parties. Or Rental Invoice under company’s name - not older than 90 days from the date of application.
  • Business Bank Statement under company’s name and present address, showing IBAN and SWIFT - not older than 90 days from the date of application.
  • If Processing History is available for latest 3-6 months from the date of application - under company’s name, showing processor’s name/logo, sales, refunds, and chargebacks for each month separately.
  • If Processing History is unavailable then detailed business plan and cashflow forecast for minimum of one fiscal year.

Get your no obligation quote from PurePay.

We will get it back to you within 12 hours with a quote based on your information.


Vape And E-cigarettes Payment Processing

Choose your vape and e-cigarette merchant account with PurePay: Pricing and Service in one go 

 

Requirements for Vape and E-cigarette Merchant Accounts?

PurePay offers payment processing in Europe, therefore the merchant has to have a European company plus fulfill requirements needed thereto which includes documents and website compliance. All vape and e-cigarette merchant accounts are categorized with the MCC code, which help the payment processors identify the transactions and implement the laws.

How do I get Vape and E-cigarette Merchant Accounts?

One of the first things needed for you as a merchant is to obtain a vape and e-cigarette merchant account, in order to process and bill your customers. This can be done locally or via a worldwide solution. Different things like pricing and terms changes depending on whether or not it is a start-up or an ongoing project which currently accepts payments on the website / app. When it comes to your business being a start-up, it will come with a rolling reserve of usually 10% and it will mean “worse” terms but we try to stay competitive and help you get started cheapest possible.

What Costs are Associated with Vape and E-cigarette Merchant Accounts?

Fees that PurePay will charge depends factors like: Processing History, Method of Sales, Countries, Volume of Sales, and Products. All merchant accounts are unique but included terms stays the same for most:

  • Merchant discount rate
  • Transaction fees
  • Monthly statement fee
  • Monthly gateway fee
  • Four and a Half – Six-month rolling reserve (Depending on bank)
  • Charge back fee
  • Refund fee

Why is Vape and E-cigarette Credit Card processing defined as high risk?

The main risks within the vape and e-cigarette are friendly frauds and chargebacks. These websites can be used to commit frauds online. Also included in the risk overview there is the high probability for chargebacks due to losses from customers but we have solutions to help prevent these.

PurePay as your partner

Now that you have a clear understanding of not only what vape and e-cigarette payment processing is and why it is high risk, you know now understand why PurePay is your best choice to help you. We understand your needs and business like no other and we will work 24/7 for you and to get you the best terms. And we have the solutions you need!

REQUIREMENTS

  • Incorporation Certificate.
  • Memorandum & Articles of Incorporation.
  • Color Passport for UBO / Shareholders / Directors.
  • Office Lease Agreement signed by both parties. Or Rental Invoice under company’s name – not older than 90 days from the date of application.
  • Business Bank Statement under company’s name and present address, showing IBAN and SWIFT – not older than 90 days from the date of application and for the last three concecutive months.
  • If Processing History is available for latest 3-6 months from the date of application – under company’s name, showing processor’s name/logo, sales, refunds, and chargebacks for each month separately.
  • If Processing History is unavailable then detailed business plan and cashflow forecast for minimum of one fiscal year. Get it here
  • Utility Bill [electricity / gas / water / rental / tax bill] from UBO / Shareholders / Directors under their name and present address – not older than 90 days from the date of application.
  • Proof of domain under company’s name, showing applying URL and date of domain renewal / expiry – preferably domain purchase receipt.
  • Local signatory is a requirement for this vertical, therefore KYC from local signatory is needed.