The hottest new industry since the invention of the Iphone is the Electronic Cigarette and Vaporizer industry. These new products are revolutionizing the smoking industry by offering a safer alternative to cigarette smoking.
This new phenomenon is taking the world by storm with ecig online retailers and vapor online stores poping up exponentially. Like any other business ecig merchants and vapor merchants need to be able to accept credit cards such as Visa and Mastercard as a form of payment. In order to accept credit cards, one would need a Merchant Account or a Merchant Services Account. Before you apply for a Merchant Account you should have the following established.
1. Establish a LLC, or S Corp, or if you have a company already in place, create a DBA ( Doing Business As.)
2. Apply for Reseller's Permit or Sales license ( check with your state secretary requirements.)
3. Apply for Federal tax Identification Number by going to the IRS website or http://www.irs.gov/Individuals/International-Taxpayers/Taxpayer-Identification-Numbers-%28TIN%29
4. Open bank account
Once established steps 1 thru 4, you will then need the following:
1. Copy of Driver License
2. Current bill of a utility at the present business location
3. Possibly Tax returns for owner or owners of company if company is start-up.
Once you have all this information, contact Merchant Discount Rate and a consultant will walk you through the application process. The entire process should take about 10 minutes. In no time you will become a bon-a-fide Electronic Cigarette Merchant or Vapor Merchant.
If you have any questions feel free to fill out the contact form to the right. One of our experts will be delighted to answer any questions you may have.