Here are some of the most common reasons banks and payment processors consider your business as high risk: Large amount of chargebacks. Shopify recognizes the changing laws and regulations in the CBD industry. Processing services often charge around $13 a month for processing and between $65 and $130 for their initial setup. Canadian Cannabis. These products can range from general hemp-infused clothing items, to edible cannabinoids. An acquiring bank is a financial institution who is a licensed member of a card association that maintains the merchant’s bank account. As a business in the UK, operating businesses overseas may be difficult. This billing model allows companies to have a secure and consistent customer base that they can count on. There are several reasons that a provider like Shopify would drop or freeze high risk merchant accounts. 2. Accepting card payments such as credit, debit, ATM, EBT, gift, company discount, etc. B2B payment processing exists to enable companies to make online. High ticket prices. 288 likes · 1 talking about this · 7 were here. This allows branding to be kept and clients to stay on your site. One of the main benefits Clear. It’s only a matter of time before you could get your merchant account dropped. It merely indicates that your business operations come with a higher level of risk, which requires specialized merchant services. For merchants, these processing fees can add up. In the end, your merchant account may drop you if you exceed a certain chargeback threshold. 0. The vaping industry and related products have seen many changes over the years. High risk merchants are actually dropped from their payment. Here’s what you can expect and how we can help get your high risk merchant account set up for payment processing is as little as six hours: 1. comPsychic Merchant Account. A gun dealer merchant account is a. We help companies who need to acquire an online gaming merchant account and run a sustainable business. Mail Order & Telephone Order. Whether there are any refunds or chargebacks associated with any given purchase. 8. You will be signed up to a YEARLY SUBSCRIPTION that you can cancel anytime. Our gateway services give you access to information regarding your merchant account including individual transactions and batch totals with comprehensive reporting tools. Bad credit or low credit score. Whether you are a well-established enterprise, school, influencer, non-profit, artist, or any other business, your. Some merchant processors have used it in the past as a way to surreptitiously add extra fees to merchant statements. Find out about small business loans and how you can get a loan to start, expandWhy Your Company Has So Many Chargebacks Chargebacks could not only cause you huge financial losses but could also negatively affect your company’s reputation with credit card processors. As a result, PayKings offers sustainable telemed merchant accounts for health companies making the move… Read More. We want your business to prosper and succeed in the long term. With more regulations than ever, gun retailers are looking for new ways to expand businesses in a highly regulated market. 15 per transaction. 9% + $0. It merely indicates that your business operations come with a higher level of risk, which requires specialized merchant services. In turn, they allow certain types of CBD-related businesses to sell merchandise and assorted products through their platform. 4. High risk merchant account fees are. An acquirer is a bank or financial institution who is a licensed member of a card association that maintains the merchant’s bank account. With your payment gateway integration and a portal through the bank, you can see all of your transactions and revenue flow. These services are fine for low risk industries. There has been a massive increase in the popularity of cryptocurrencies. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing solutions. Nonetheless, the demand for foreknowledge and insight into the unknown is on the rise. It is based out of St. For years, PayKings has supported and provided firearms merchant account solutions to a variety of transaction types which include: retail, firearms eCommerce, cellular (perfect for gun shows), telephone, virtual terminal, and recurring billing firearms-related companies, that include ammunition sales, gun, ammo, and accessories manufacturers. 1. You have zero to low chargeback ratio. Timeshares have a history of high risk in the payment processing industry. Ways To Get Processing For Credit Cards Finding the cheapest. 9% + $0. In 2000, it had the most registered users on the internet. In regards to CBD payment processing, consider EMS as your steadfast partner. It’s comparable to an individual’s social security number, but in this case, it identifies a bank account. Some customers are more comfortable paying with echecks; they should have the freedom to pay the easiest way possible. Credit card fraud is scary for people everywhere, especially with new technology. Magento powers twice as many top retailers as any other provider, and gives your business the world’s most flexible platform. Luckily, we have the means and the know-how to make. Fill out an online application. With a huge following, customers needed a way to find trust credibility through. 5% yearly since 2008. A credit monitoring merchant account is classified as high risk for a variety of reasons, making it difficult to find a reliable processing partner. Home; Merchants. Top 8 Strategies to Manage Chargeback Risk. Your license includes support and product updates for 12 months, which automatically extends to another 12 months on. Even though the market for kratom is starting to sky rocket, entrepreneurs are still faced with added difficulties. High risk merchant account services will regularly employ reliable detection methods during the trade process to learn whether the card, along with the trade in general, is valid. They can also transfer funds between the merchant account and the customer accounts. Knowing the simple rules for how to get a merchant account with bad credit can ensure that your company can continue functioning on the financial road to success. By selecting a suitable processor, understanding fees, and prioritizing security, nonprofits can expand their reach and make a more significant impact. July 21, 2023. Apply for a merchant account . Chargeback Prevention: Navigating the Path to Secure Transactions. Petersburg, FL 33701 / (888) 255-9782 / email: info@paykings. If a company’s chargebacks exceed 1% of their total sales, you could end up pay fines or. If the target business operates in an industry with a history of high. Unfortunately, it's really rewarding for fraudsters. We also offer a Stripe Alternative with rates starting at 2. 4 billion in 2013, domestically, collecting $55. Gateway Fee. Luckily, there are other places that. PayKings Merchant Payments is a payment processing platform that offers merchants convenient, secure, and reliable options to accept payments. Keyed-In and Card on File. Wix is one of the larger contenders in this space. Fraud. 5 billion industry in the United States alone. Often times you could receive it much sooner. ; Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. Visa will use merchant and client information to throw false. In the past, It has faced some challenges but the process of selling CBD online continues to evolve. These strikes are a savvy combination of social technologies and identity theft that manages to trick people into revealing private details. March 16, 2023. Petersburg-registered PSP, PayKings specializes in providing the payment services for the high-risk merchants. The company was purchased by Signature Payments in 2022. Overall, PayKings is a reliable and reputable CBD payment processor that can help. A high-risk merchant account with instant approval can be the lifeline your business needs. This is particularly true when you are a new small business owner who has never even heard of a”merchant account” prior to setting everything you need to get. Authorize. Here are some common causes: 01. First, on the high risk merchant list is nutraceuticals. Sale offers is their overarching analytical technique and better yet, accountability. With millennials overloading the workforce. Higher risk of fraud. Here’s how. B2B payment processing exists to enable companies to make online transactions fast and accessible. This article serves as your compass in understanding digital payment options – the backbone of modern commerce. Features of Merchant Services – Customer Service. Why is this? Well, largely in part because the services provided include big ticket transactions. Many store owners choose Shopify because it is well-known, easy to use, and has brand recognition. A merchant account is the foundation of your online business. Continuity billing. In an industry that yielded over $415 million dollars in 2017, there is clearly money to be made with your online dating business, and PayKings are here to help you reach your full potential with secure and reliable payment processing for your online dating merchant account. HRMA-LLC's High Risk Payment Gateway will conveniently integrate with your Shopify Store and bank approval should be a snap. Top VPN service providers like ExpressVPN and SurfShark are considered “high risk” or nontraditional businesses. Here are some common causes: 01. ACH and echeck payments are perfect for startups or companies. PayKings is leading the industry of payment processing, especially for high risk merchants. The acquirer allows merchants to accept credit card payments by working with the credit card companies and acting as a mediator for all transactions. For the travel vertical, one of the best defenses against fraudsters is a multilayered approach to fraud screening that uses highly trained analysts, algorithm-based tools and advanced artificial intelligence. The payment processor provides a way to accept credit card payments and transmit banking information securely. PayKings understands the special needs of different credit repair related companies and has created 24+ acquiring banking connections to become experts in getting credit repair merchant accounts set up and accepting online payments. It has the highest level of customization and integration in the payment gateway industry. If a company’s chargebacks exceed 1% of its total sales, you could end up paying fines or even having your merchant account shut down completely. Because you are using an airline booking merchant account, you will get that $287 within 48 hours. The legalities and brand associations are the principal concerns for banks and financial institutions. Their model charges a monthly fee to give sellers access to the platform, and they have recently created Shopify Payments as a way to accept. PayKings Blog. It may come without warning. CARDZ3N processes payments for emerging markets & high-risk businesses, including CBD, crypto exchanges, gambling, travel, and more. How a retailer manages the danger surrounding such disputes will determine whether it results in a chargeback. A rolling reserve is a strategy used by banks to shield themselves and the merchant from possible financial loss due to chargebacks from the customer. A chargeback is a refund that the merchant is forced to give, as opposed to a refund voluntarily given. Learn how to become a part of our extensive partner network today! Join the PayKings Agent Program: an opportunity for individuals and businesses to earn and grow. Navigating the Payment Gateway for CBD. Friendly Fraud. With occult services like fortune-telling and psychic readings, certain banks consider the industry high risk. Chargebacks are quite common when it comes to subscription box merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will. The experts at PayKings can help you set up a low to high risk merchant account for your Retail, B2B, and eCommerce business. We have multiple acquiring banking partners that offer coins and collectibles merchant accounts. PayKings Overview. In recent news health officials, lawmakers, and parents haven’t made things easy on eCig, CBD, and vape merchants – many of which have lost their merchant accounts and vape credit card processing all together. Included in Wix’s features are several plugins. A rolling reserve is a strategy used by banks to shield themselves and the merchant from possible financial loss due to chargebacks from the customer. The best way to maintain your company’s financial success, combined with a reliable payment gateway for your payment processing needs, is to take action to prevent chargebacks. You get a quick and free quote with PayKings today. An online merchant is a business that sells goods and processes payments over the Internet. But you’re worried about the fees associated with high risk merchant accounts. PayKings paykings. Integrations. Kava Payment Solutions With PayKings. In comparison, online credit card payments are more susceptible to fraud or other security issues. PayKings specializes in providing high risk merchant accounts, and we have multiple acquiring banking partners that offer online shopping and membership club merchant accounts. As businesses strive for efficiency and savings in their credit card transactions, Level 3 processing emerges as a. When selecting your merchant account service provider, it’s important to understand your business needs and how. Step into the realm of cutting-edge payment solutions with our comprehensive guide to Level 3 credit card processing. PayKings can meet that demand head on by providing these businesses with resources that are necessary in the VPN space like: A VPN Merchant Account A Payment Gateway Fraud Prevention Tools Assistance. All of these businesses need a high risk merchant account for WooCommerce and other major online sales platforms. But PayKings specializes in working with high risk merchants and we have multiple acquiring banking partners that offer background check merchant accounts. In a world rapidly embracing digital transformation, financial transactions are evolving at an unprecedented pace. Apply for a quote on your merchant account through our website, or call us at 1-727-300-0277 today. No merchant wishes to be taken. Fraud is a big cause of credit card chargebacks. And with some major banks deciding they won’t fund them any longer, they are looking for new solutions. A user-friendly platform for managing payments that enables companies to add multiple MIDs or merchant. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. Luckily PayKings specializes in working with high risk merchant accounts. Reply. Financial instability, or main source of earnings coming from a different company. Lastly, the experts at PayKings can help get merchant accounts approved fast. Accept electronic payments for your “brick and mortar” business, including MasterCard®, Visa®, American Express®, Discover® and JCB®, Pin. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. Getting a coins and collectibles merchant account is as straightforward as applying for payment processing with a company that approves high risk merchant accounts. These types of businesses can struggle to find sustainable payment processing from standardCARDZ3N supports global payments for credit cards, ACH, SEPA, and Crypto (140+ coins). Suddenly you’ll find a message that Square has stopped your ability to process payments online because your company requires a high risk merchant account. Here is an easy breakdown of the rates Square offers for CBD processing. Unlike other providers, Chargebacks911 views. Whether your ecommerce store is selling CBD oil, Adult Items, or Credit Repair Services, your merchant account should custom fit your business’s needs. But they do have limitations on the types of CBD or hemp-related items you sell using the Shopify. A terpenes merchant account is essential for selling this unique cannabis-related product online. Fraud. The answer to both of these predicaments is that you need to get a dedicated high risk merchant account to ensure your payment processing runs smoothly from month to month and with less risk of getting interrupted. The term bad credit merchant account simply means a merchant account. Start accepting payments today-for virtually any. Processors like PayPal, Stripe, and Square are big names in the processing industry that offer traditional services. Many insist their customer take back the unused part of their merchandise. These services take care of electronic payments for businesses. This code is used by all major credit card providers – Visa, Master Card, American Express, and Discover. The 3D Secure feature works through the 3D Payment Gateway enables the shopper to enter a password to confirm their identity with the card issuers. Like Bark Box, the Hamster Mail box will include a minimum of 2 toys and 2 treats that are healthy and help keep your hamster’s teeth on point. Because of this, the transaction fee is greater. , or NMI, is the leading payment gateway service that provides processing for high risk merchant accounts. 3D Secure. High risk industries require merchant accounts. Need a Male Enhancement Merchant Account? Opening your own business takes an enormous amount of effort and planning in order to achieve success. 2. But why are online credit card. What Is A Merchant Account? October 12, 2020. May 16, 2023. Chargebacks. The Modern Online Dating Market. How to avoid this in the future: When it comes to fraud due to credit card chargebacks there are many tools available to merchants to alleviate fraud in the online payments world. PayPal combines different fees and add their own on top. These gateways allow you to accept payments through various means, including credit and debit cards and alternative payment methods. Ready to get started? Start Accepting Payments Today. Plus, They help merchants from Shopify get up and running by leveraging relationships with banks to help high-risk merchants get approvals. When merchants choose to accept credit cards, a processing fee is charged per transaction. As a business in the UK, operating businesses overseas may be difficult. May 18, 2021. There are several steps when setting up. Continuity subscription merchants are realizing the importance of ongoing revenue to grow their business. PayKings offers a proven platform, a reliable payment gateway, service excellence, quick and painless application process , and the lowest possible. 04. MTOT Disc On Bank Statement Before we dig into. Payment Method. Petersburg, Florida, and was founded in 2011. There are multiple financial resources and institutions that are eager to assist ambitious entrepreneurs. A kratom merchant account can cover powders to kratom stems, this market already has many kinds of kratom products to choose from. A UK merchant account is a necessity for anyone operating an online business in the United Kingdom. A rolling reserve is a strategy used by banks to shield themselves and the merchant from possible financial loss due to chargebacks from the customer. What is a Credit Card Payment Processor? March 14, 2023. Getting extra funds can be essential to businesses that must obtain, improve and replace machinery in order to keep their ventures running. Orderwave has established a professional services division that allows customers to utilize their in-house team of customer relationship professionals to fill-out their offerings. Merchant Payments Acceptance Corp’s. @DustinK (dustin@paykings. With a focus on hard-to-place merchant accounts, this platform serves as a lifeline for businesses operating within industries deemed too risky by conventional banks and processors. Chargebacks are expensive, time-consuming, and resource draining. Head shops, better known as “smoke shops” are considered high risk merchants. Choose an eCommerce Platform. Financial Transaction Processing. Payment processors charge a fee per transaction and as an overall percent of every purchase, so requesting a free payment terminal is your way of evening the field. If you are a high risk merchant on Shopify, it is. What Is a Rolling Reserve and How Does it Affect You? January 13, 2023. Those high risk merchant account providers that are willing to process transactions for your high risk business, reputable companies like PayKings, are offering solutions to those businesses that need it most. Take The Steps to Set Up Your CBD Oil Merchant Account. PayKings Provides Online Gaming Merchant Accounts. 3 million by 2024. A credit card payment processor is a tool used by merchants to process transactions. Traditional payment processors can have a significant impact on CBD merchants. 4. The customer pays this invoice with a debit or credit card, typically online or over the phone, making this payment a card-not-present payment. Continuity subscription merchants are realizing the importance of ongoing revenue to grow their business. 10 per transaction. The parties that complete the interchange are the issuing bank, the credit card association, the merchant bank. Cryptocurrencies in general have gained global attention and acceptance. Moreover, NMI processes billions of dollars in payments each. The high risk gateway services provided by Authorize. Cancellation Fee. PayKings offers payment solutions to businesses in high-risk industries, which means that as payment processing providers. It’s the sustainable payment processing option for your business. 5% annual growth from 2014 to 2019, and now generates $3 billion a year in total revenue. Failing to Understand Rates and Fees. These anti-vape groups have been raising alarms. Here are 5 significant things to know when applying for the best high risk payment gateway for your eCommerce business: 1. It’s not uncommon for a payment processor to charge additional fees in addition to their processing rates. A terpenes merchant account is essential for selling this unique cannabis-related product online. PayKings specializes in providing high risk merchant accounts, and we have multiple acquiring banking partners that offer online shopping and membership club merchant accounts. August 18, 2023. When merchants choose to accept credit cards, a processing fee is charged per transaction. Merchant accounts have been around since credit card payments have been accepted in stores, but they also play a big role in ecommerce and the aforementioned payment gateways. Take The Steps to Set Up Your CBD Oil Merchant Account. Very Bad company, never ever go with them. The mere variety of payment gateway options for merchants is enormous. Their Chargeback Total Protection enables you to recoup a portion of any losses due to fraudulent transactions. You’ve probably wondered what is merchant service and why your business needs it. Multiple E-Commerce Gateway. However, when a business becomes more complex, a CBD processor becomes the best solution. Firearms merchant accounts are constantly under fire by big banks. On top of efficient customer service, we have extensive knowledge of the vape and e-juice industry and have relationships with over 20+ acquiring banks. iSpy Fraud Tool: iSpyFraud is a rules-based fraud prevention tool that merchants can use to screen suspicious transaction activity, helping merchants to. We help companies who need to acquire an online gaming merchant account and run a sustainable business. These industries face concerns like high chargeback rates, MATCH listings, or fraud. A consistently high or increasing chargeback ratio. The History of Vindicia With over 15. 2% + $0. We have. Apply today for a high-risk merchant account with PayKings. PayKings: It is a top-tier provider of best merchant account services, specializing in high-risk merchant accounts and payment gateways. That means PayKings will service companies in industries that many other payment services. More business owners are in need of a crypto merchant account. iSpy Fraud Tool: iSpyFraud is a rules-based fraud prevention tool that merchants can use to screen suspicious transaction activity, helping merchants to. Here’s what you can expect and how we could get your gentlemen’s club merchant account accepting credit cards: Fill out an online application. Ebay was one of the great pioneers in the industry of online auction merchant processing. Not all fees should be charged to certain companies, and some are optional when it comes to the payment processor. Other retailer accounts on a bank statement. They dedicate themselves to delivering exceptional customer service and remain accessible round the. MO/TO merchants face this challenge due to the high chargebacks incurred, card not present (CNP) method of acceptance, and high volume of processing on a. With support for all major credit and debit cards, as well as alternative payment methods such as gift cards, e-wallets, and more, PayKings Merchant Payments gives you the flexibility you need to. 2. The activities of merchant. Proceed to fill out all fields and configure accordingly to your needs. We will be in touch shortly to discuss next steps!PayKings is an international payment provider for the high risk industries. Credit Card Fraud Protection. 20+ Proven Bank Relationships. March 8, 2023. Reality. This increases efficiency by allowing automations to handle. A UK merchant account is a necessity for anyone operating an online business in the United Kingdom. This encompasses a spectrum of solutions, each designed to offer convenience, security, and efficiency in our financial endeavors. Where many banks and payment processors like PayPal decline you due to high risk. Because of their associations with cannabis, many payment processors place terpene merchant accounts in the high risk category. wins the dispute, the merchant processing company. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). These businesses need a trusted company like PayKings to provide them with high risk credit card processing. Many people who can’t make it to their vacation destination try to reverse payments after realizing they can’t cancel an agreement. Credit card payment processors can specialize in high risk industries or be. High Risk Merchant Account Providers. August 9, 2023. PayKings Overview. This has resulted in many more businesses needing a vape merchant account. Vindicia Subscribe drives higher revenue throughout the subscription lifecycle. MTOT Disc On Bank Statement Before we dig. 10 per transaction. Currently, it counts for $3 billion in gross sales. If this happens while you’re running an e-commerce store, it means that when customers visit your site, they are being turned down as they try to purchase items. CBD Merchant Account Shopify. It's often like comparing apples to apples when deciding between one over another. If a company’s chargebacks exceed 1% of their total sales, you could end up pay fines or. One Contact Center provides experienced, college-educated customer service reps, trained in Online Ordering, Payment Processing, Chargebacks, Inbound Calls, fast responses to Chat, Email, Social Media (monitoring & posting), Virtual Assistant, Tier 1 and Tier 2 Help Desk and Outbound Marketing. Whether you are a well-established enterprise, school, influencer, non-profit, artist, or any other business, your. We work with merchants who need to acquire a recurring billing merchant account. March 16, 2023. These accounts are provided by specific banks and ISOs who understand the regulations and risk associated with the industry. Credit card fraud is a wide-ranging term for theft and fraud dedicated to using or involving a payment card, such as a credit card or debit card, as a deceptive source of funds in a trade. In the end, your merchant account may drop you if you exceed a certain chargeback threshold. Getting a coins and collectibles merchant account is as straightforward as applying for payment processing with a company that approves high risk merchant accounts. It provides high risk businesses with the necessary tools to navigate today’s eCommerce. PayKings serves merchants in the vape, adult, firearms, dating, travel, debt collection, pawn shop, and CBD industries. 999% uptime, customizes your store for a truly unique experience, offers 24/7 support with over 205,000 developers and partners – additionally Magento houses over a. The codes may be different per credit card company, but for each one, they help maintain a. Paid Social Follows and Likes. Once you have a domain name, you’ll need to set up a functional shop. A chargeback is a refund that the merchant is forced to give, as opposed to a refund voluntarily given. Once you’re in chargeback trouble, applying for another merchant account becomes even more. A Refund Versus a Chargeback. As online and mobile payments grow in popularity, merchant accountHigh Risk Merchant Account. Services. PayKings Provides Online Gaming Merchant Accounts. We work with all business types, from low risk merchants to high risk businesses, to provide affordable rates on your merchant account and merchant services. Whether you’ve built your own site or are selling CBD on Shopify, we have solutions so you can take online credit card payments. 1. Some customers are more comfortable paying with echecks; they should have the freedom to pay the easiest way possible. Much like CBD and THC, terpene oils fall into a highly regulated industry. In addition, these businesses need crypto payment. Stick to a DBA or “Doing Business As” name that your clients understand. Approval – Once the bank approves your Shopify CBD account, you’ll be able to start accepting payments. Direct-marketing response merchants typically struggle to find stable and long term solutions to accept and process credit cards via a VT (virtual Terminal). With landlines on the decline and more and more people cutting the cord with their cable providers, our smartphones have become both our primary point of contactAugust 10, 2023. A portion of the funds are collected via credit card and secured by the bank from the merchant’s account to minimize the risk of potential chargebacks. A hosted payment gateway is easier to set up as you just need to provide the third party with an API to link your website. In partnership with PayKings and the high. PayKings specializes in working with high risk merchants and we have multiple acquiring. Below you can find the reasons an adult merchant account could be classified as high risk: 1. This has resulted in many more businesses needing a vape merchant account. By fully understanding the industry, we have. As a Merchant: The PayKings team has merchant account solutions for businesses with processing volumes of $20,000-$100,000,000+ per month. High-risk businesses can use High-Risk Payment Gateways with Multi-MID Support for secure financial transactions. And with some major banks deciding they won’t fund them any longer, they are looking for new solutions. May 16, 2023. comScam. Being one of the premier firearms dealer software in the United States, Celerant gives retailers the ability to leverage integrated A&D book, e4473 and digital waivers, and the. Although Delta 8 is gaining popularity, it is still very new. Once you’re in chargeback trouble, applying for another merchant account becomes even more. If you’re a “hard-to-place” merchant, like a medical marijuana dispensary or hemp oil manufacturer, you likely face difficulty. Card present transactions are a relatively form of payment to. The acquirer allows merchants to accept credit card payments by working with the credit card companies and acting as a mediator for all transactions. It is roughly around $40 per year for each, debit, or credit. Explore the PayKings Partner Page: a hub for businesses to discover powerful payment solutions. If merchants find themselves on the receiving end of time-consuming and costly chargebacks too often, they can see their chargeback rates climb. September 7, 2023. Clear. Here are 8 common scenarios and approaches to mitigate risk:The Dance of Convenience Fees and Surcharges: Small businesses pay a fee of 2. PayKings offers your eCommerce or brick and mortar business same-day ACH also know was electronic check payments. Reaction score. According to IBISWorld, the online dating industry has been growing at a rate of 3. This means that applying on your own, without an expert in this industry, makes the chances of getting approved very low. Fast Credit Repair Account Approval. In fact, ecommerce sales are expected to exceed $500 billion by 2022. Choose an eCommerce Platform. Chargebacks: Myth vs. Apply for a merchant account today for secure, seamless, and cost-effective credit card processing. PayKings has multiple options for you and makes it simple to obtain an e-cig merchant account in as little as 48 hours.