Electronic Cigarettes or Smokeless Cigarettes (commonly referred to as E-Cigs) have become increasingly popular over the last three years in the United States. These devices are meant to give the user the same sensation that is derived from smoking including a nicotine dosage (to support the craving) without actually emitting smoke (instead a water vapor), or without exposing the consumer to the hundreds of harmful and cancer-causing chemicals found in traditional cigarettes. The modern form of the product was proclaimed to be invented by a Chinese company (the alleged patent holder Ruyan) and was popularized by American companies by the names of njoy, Smoke 51, and Smoking Everywhere. Many customers or E-cig users have made claims that the use of the product helps them to decrease or quit the amount of cigarettes they smoke.
This brought up a unique opportunity and a heightened demand for Free Trials, Membership Programs, Risk-Free Trials and Auto-Ship continuity programs. Many of these products are advertised on the internet or television. Great continuity models by electronic cigarette companies have been displayed by companies such as V2 Cig, Blu Cig, and South Beach Smoke. All of these companies offer unique products and have generally good reviews on their products and services, but they all run on continuity models in addition to straight sales. So what is holding this product back from being one of the ultimate continuity based product(s)? A few things increased competition for one.
There are hundreds of E-cig manufacturers now, lurking litigation from the FDA potentially regulating the product, patent infringement lawsuits initiated by the original inventor, and the difficulty of obtaining an electronic cigarette merchant account. We have not seen another industry in which the domestic processing climate is so turbulent. Bank after bank, one month to the next, are choosing to eliminate Electronic Cigarette merchant accounts from their portfolios. Part of the reasoning is the regulatory risks, another reason is that no tests have been conducted on the product to confirm or negate supplier claims that the product is better for humans than a real cigarette, and lastly the chargebacks on these products are astronomical for several of the free trial and risk free trial E-cig suppliers.
Luckily, Revolution Payment Systems has a home for Electronic Cigarette merchant accounts. RPS can quickly set up the appropriate processing solution to take care of your credit card, Check 21, and ACH processing needs with a fast, reliable, and the most cost effective solution. Our partner and funding banks openly welcome electronic cigarette merchant accounts because our company has been able to help our largest e-cig clients manage their chargebacks and become compliant with web regulations. Revolution Payment Systems supports and promotes the continuity processing of Electronic Cigarette Merchant Accounts. Call us today to see how we can help you get started on your merchant account or processing solution today. Our seasoned experts are standing by.
Sean Jones
www.revolution-payments.com
301 790 3450
This brought up a unique opportunity and a heightened demand for Free Trials, Membership Programs, Risk-Free Trials and Auto-Ship continuity programs. Many of these products are advertised on the internet or television. Great continuity models by electronic cigarette companies have been displayed by companies such as V2 Cig, Blu Cig, and South Beach Smoke. All of these companies offer unique products and have generally good reviews on their products and services, but they all run on continuity models in addition to straight sales. So what is holding this product back from being one of the ultimate continuity based product(s)? A few things increased competition for one.
There are hundreds of E-cig manufacturers now, lurking litigation from the FDA potentially regulating the product, patent infringement lawsuits initiated by the original inventor, and the difficulty of obtaining an electronic cigarette merchant account. We have not seen another industry in which the domestic processing climate is so turbulent. Bank after bank, one month to the next, are choosing to eliminate Electronic Cigarette merchant accounts from their portfolios. Part of the reasoning is the regulatory risks, another reason is that no tests have been conducted on the product to confirm or negate supplier claims that the product is better for humans than a real cigarette, and lastly the chargebacks on these products are astronomical for several of the free trial and risk free trial E-cig suppliers.
Luckily, Revolution Payment Systems has a home for Electronic Cigarette merchant accounts. RPS can quickly set up the appropriate processing solution to take care of your credit card, Check 21, and ACH processing needs with a fast, reliable, and the most cost effective solution. Our partner and funding banks openly welcome electronic cigarette merchant accounts because our company has been able to help our largest e-cig clients manage their chargebacks and become compliant with web regulations. Revolution Payment Systems supports and promotes the continuity processing of Electronic Cigarette Merchant Accounts. Call us today to see how we can help you get started on your merchant account or processing solution today. Our seasoned experts are standing by.
Sean Jones
www.revolution-payments.com
301 790 3450
