Start Processing Credit Cards for Smoking Accessories

After all, multiple states have legalised the drug, and it may not be long before it is made legal at a federal level. However, it will likely take a long time before banks warm to the idea of working with companies like yours. That's because such businesses continue to be labelled as high risk- and many banks will outright refuse to provide payment processing.

Contrary to popular belief, you don't have to directly sell cannabis-derived products to be affected by these regulations. Companies that sell perfectly legal products such as rolling papers, bongs, and hookas are also treated as high risk. Thankfully. There is a solution. TailoredPay can help businesses just like yours to secure a merchant account without any hassle. By working with us, you will be able to open a merchant account in just a few easy steps, and will be approved and ready to go within just days.

What Processing Services Will I Need For My Drug Paraphernalia Business?

First of all, you'll need to get set up with a card payment processing provider that's actually willing to work with your business. What's more, you'll also want a flexible solution that can accept payments from all major card types. After all, it's unlikely that all of your customers will use the same card type. If you can only accept one, then you will be cutting yourself off from a substantial amount of business. Flexibility also means the ability to take payments both online and over the phone, to give your customers that little bit more choice when it comes to buying from your business. Finally, and perhaps most importantly, the payment processing will need to come in at a fair price. In many cases, when banks are willing to offer processing to high-risk businesses, they will charge steep fees in return.

Thankfully, TailoredPay have longstanding relationships with over 25 payment processors, specialising in high-risk businesses like yours. This means we have a 97% acceptance rate for payment processing, and it also allows us to offer extremely competitive rates. With our help, you can begin taking card payments within just days of your application. Even if you have been turned down for payment processing in the past, we will still treat your application like any other. If you are ready to take your drug paraphernalia business to the next level, then it's time to sign up with TailoredPay today.