Q. List some high-risk factors that make getting a tobacco merchant account difficult.?
HighRisk Gateways
List some high-risk factors that make getting a tobacco merchant account difficult.?
This is the fact that tobacco businesses need to follow more regulations than other businesses, some high-risk factors that make getting a Tobacco Merchant Account difficult are:
• Tobacco sales are highly taxed
• People are more aware of smoking’s health effects
• E-cig/vape products are becoming more popular
Banks don’t like to connect with tobacco businesses for these factors, regardless of their billion-dollar market share.
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answered by chauncy