E-Cigarette Merchant Account

E-Cigarette Merchant Account

At UniBul, we specialize in providing reliable and reasonably priced payment processing solutions to businesses, which Visa and MasterCard consider high risk, both U.S.-based and international ones. Our services just work, even in the very high risk segment! We have built a great e-cigarette merchant account solution with a swift application approval and straightforward set-up.

Once approved, your e-cigarette merchant account will be up and running in no time. Processing is available in several dozens of currencies and you can settle your daily batches in every major currency, including U.S. dollars, euros, G.B. pounds and other currencies.

At UniBul, we are quite flexible with our requirements. For example, if you just need to open an additional e-cigarette merchant account, to go along and be used in tandem with one that you already have, we have no issue with that at all, provided we get enough of your credit card processing volume to make it worth our effort. What we ask of you is to let us know what your objective is and we will work with you to make it work. Once we know what you need from us, we will initiate the application process by asking for the following paperwork:

• Application form. We will email you the appropriate form at the beginning of the process. Fill it out as thoroughly as you can, sign and email it back to us, along with the other items listed below.
• Processing statements. For underwriting purposes, we ask that you send us your six most recent processing statements with your current or latest e-cigarette merchant account provider. In the statements, we will be examining four things:
  • Processing volumes. The volume your business generates each month will have a bearing on the terms of service, including processing rates, which we will offer you.
  • Growth rate. We will be looking into whether your payment processing volumes are going up, down or are holding steady. As might be expected, rising volumes would lead to more favorable terms for you. However, we will be more than happy to provide services to your business, even if your volumes are stagnant or declining.
  • Chargeback rate. This is a very important factor. Ideally, you would have your chargebacks firmly under control, in which case you will have a great shot at getting the best credit card processing rates available.

    However, we don’t live in a perfect world yet and your chargeback rate might well be in “excessive” territory — typically that means ratio higher than over 1 percent. In such cases, we would still be able to work with you, using our high chargeback merchant account set-up, only on less favorable terms.

    But rest assured that, once you’re approved and have started using your e-cigarette merchant account, we will work with you to get your chargeback rate back down to a more “normal” level and, once we’ve achieved that objective, we will reward you with a lower credit card processing rate.

  • Decline rate. Your rate of declined transaction authorizations is an important indicator for the overall health of your business and we will be looking at it closely.
• Supporting paperwork. As part of the underwriting process, we will ask you to supply documentation, which you should have readily available. In particular, we will need the following items:
  • Articles / Certificate of Incorporation for your business or an equivalent document.
  • Copy of the owner’s passport / driver’s license / national ID card.
  • Copy of your business / operating license, where applicable.
  • Voided check or, if unavailable, a bank letter (signed by a bank representative).
  • The three latest bank statements for your business.
  • Recent utility bill — it must be no older than a month of the date on which you signed the application.
• Additional paperwork. It is likely that later on during the underwriting review we may ask you for some additional documentation and we may also ask you to provide information about some issue or other. This is standard underwriting procedure, so be prepared and your prompt follow-up will greatly help us to quickly wrap up the process.

Getting approved for a high risk credit card processing service can be a stressful experience for the applicant business, as our merchants keep telling us. But then they find UniBul and their perspective quickly changes. See, at UniBul, we specialize precisely in high risk processing and have made the application process as simple and straightforward as it should be. The bottom line is that, so long as we can count on getting your full assistance, you will have your e-cigarette merchant account within a week of emailing your complete application package.

So contact us now and give us some basic, off-the-top-of-your-head information about your business. One of our high risk specialists will quickly get in touch with you to discuss your specific credit card processing needs and to explain your options. Once we have agreed on the best set-up for your business and you have accepted the terms of service, we will immediately initiate the application process and you will soon have your e-cigarette merchant account up and running and be able to take credit and debit cards for payment!

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