QuadraPay offers merchant accounts to cigar and tobacco companies.
Do you want to sell cigars, cigarettes and tobacco online or at retail stores? Did you need help finding a tobacco merchant account solution for your business? Is your current credit card processing too expensive? Is your current merchant account provider suddenly becoming intolerant to tobacco and cigar products?
If the answer to any of the above questions is yes, then you do not have to worry. QuadraPay will solve your problems and get you a robust credit card processing account for your tobacco and cigar business.
With the backing of our very strong global network of credit card processing channels across all continents, we can not only help you get a good merchant account for cigars and tobacco but also offer you better rates than many other solutions.
Our solutions are easy to start and require minimum documentation. We are absolutely open to working with merchants who have retail, online and hybrid tobacco sales setups. Our Omni channel payment capabilities can help merchants accept tobacco payments on websites, mobile apps, retail stores and on the go.
Cigar and Tobacco Credit Card Processing FAQ
Why Tobacco and Cigar Merchants are considered high-risk?
In the credit card merchant acquiring industry, few sectors like tobacco cigars. Vapes, hookah, bong, headshops and snuff, to name a few, are considered high-risk.
Banks hate to involve themselves in additional regulatory compliances. The tobacco industry has various regulations and guidelines in terms of where it can be sold and to whom it can be sold. Different nations have different regulations, and this is the key reason why small banks and credit card processors usually stay away from this industry, as they may have a small pool of resources to confirm compliance with each geography.
Credit card processing companies have strict policies about what industries they can work with. In many cases, low-risk acquirers say no to any application from the tobacco or cigar industry.
QuadraPay has been assisting cigar merchants since 2016 and is still going strong. We will work with you and help you secure a reliable merchant account that is cost-effective. Contact a tobacco payment processing specialist at QuadraPay today.
Can Startup Merchants get a merchant account for online or retail tobacco sales?
Cigar and tobacco merchants of all sizes can apply with QuadraPay. We are absolutely okay with working with online and retail tobacco merchants, even if they are brand new.
What card types the cigar merchants can accept?
You will be able to accept most card types. Our payment processing partners allow tobacco companies and retail stores to accept almost all card brands. This being said, please note that the card type approvals totally depend on the underwriting team of our partner provider and acquiring bank.
Is there a rolling reserve with a cigar website merchant account?
A merchant with a solid processing history and very low chargebacks may get approved with zero rolling reserves, but this happens on a case-by-case basis. In general, any high-risk merchant has to accept a 5% to 10% rolling reserve. The period to rolling reserve can be 90 days to 180 days.
Does QuadrPay offer cigar shop POS systems?
Yes, QuadrPay offers Cigar Shop Pos Systems. Our Tobacco POS solution helps you easily manage sales data and inventory to keep the business running smoothly. Together with our low-cost retail tobacco, payment processing terminals help you accept payments in-store.
What type of items can I sell using a tobacco merchant account?
Our merchants sell the following products. Cigars, Pipe Tobacco, Loose Leaf Tobacco, Chewing Tobacco, Tobacco Accessories and Cigarettes