Tobacco and cigar merchants face unique challenges when selling their products online. These challenges can be grouped into several categories:
Chargebacks:
Regulatory Compliance:
Age Verification:
Fraudulent Purchases:
To mitigate these risks, tobacco and cigar merchants must take extra precautions when selling online. Working with a payment processor that specializes in high-risk merchants can help reduce these risks and ensure compliance with regulatory requirements.
Check out our knowledge hub to learn more about what processing fees, application process, chargebacks and cash reserve requirements or TMF / MATCH list mean.
Accepting subscription-style payments
Being on the Member Alert to Control High-Risk Merchants, or MATCH list — a list managed by Mastercard that monitors merchant behavior, like chargeback history
High average transaction sizes
High sales volumes
Highly regulated industries
International sales
Large number of card-not-present transactions
Little to no business experience
Long fulfillment time frames
New or poor credit scores
Past fraud or illegal activity
It takes effort for businesses to secure a payment processing partner when they are considered high-risk but it is definetly possible to find the right payment solution if you focus on:
Our biggest differentiator?
We provide payment solutions for merchants with a 90% Succes Rate by Algoritmic matching and pre-KYC onboarding in each industry and region globally.