PR Log - Dec 04, 2012 - JACKSONVILLE, Fla. - The Transaction Group (TTG), a leading provider of credit card processing and non-cash transaction solutions for businesses, is offering credit card processing solutions for merchants selling electronic cigarettes online or face-to-face.
TTG currently offers the lowest rates for e-cigarette internet merchant accounts, making it much more cost-effective for e-cigarette merchants to accept credit cards online.
“We negotiated an exclusive arrangement with a U.S. processor that was willing to offer low rates and does not charge a reserve based on product type such as e-cigarettes,” said Michael Rupkalvis, president of The Transaction Group. “For the past two years, there has been only one domestic processing solution for merchants selling electronic cigarettes online. Because of the lack of processing options, e-cigarette merchants have been paying a rate that was sometimes four times the typical rate offered to other e-commerce merchants. The rates were so high, it became a challenge to turn a profit.”
E-cigarettes sales are booming: In 2011, 2.5 million devices were sold, more than triple the number sold the year before (750,000). This year, e-cigarette sales have already exceeded 3.5 million, with no sign of slowing down. This spike in potential sales volume, coupled with increasing competition from brick-and-mortar, as well as online retailers, makes it even more important for e-cigarette merchants to obtain the most competitive rates available.
“I don't know what my company would have done to get a new gateway had it not been for TTG’s perseverance in finding someone who would take on a mid-sized online electronic-cigarette store like mine,” said Marian Younger, owner of VaporCig.com. “TTG not only found me a payment gateway, they also found me the best rates.”
Talk to a TTG e-cigarette merchant account specialist today, at 888-383-8056, or apply online, and enjoy lower rates in 2013.
About The Transaction Group The Transaction Group (TTG) is a leading provider of credit card processing services and non-cash transaction processing solutions. TTG has helped U.S. and international businesses locate cost-effective and reliable payment services since 2004. By utilizing a network of industry processing partners and professionals with a combined 60 years of experience, the Transaction Group is able to offer innovative Internet and retail payment processing solutions for low risk and high risk businesses worldwide. For more information, please visit www.thetransactiongroup.net, or call 888-383-8056.