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Showing posts from July, 2021

Why Your Tobacco Business Needs a Tobacco Merchant Account

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Despite numerous attempts to curb the use and sale of tobacco products, the industry has only recently reaped enormous benefits. With its awfully diverse product portfolio, tobacco has become one of the most profitable industries in the market . Reports show that the industry generated the US $ 11.9 billion in global revenue in 2017 and is expected to grow to the US $ 13.4 billion by 2021. The new development shows that the purchase of the cannabis industry by the big tobacco companies and the expansion of their shares will help it to develop further. A requirement has revealed no signs of moving out of business anytime soon. Even Though the business could be plagued with various limitations and strict legislation, selling tobacco and related products aren't illegal and are still very much legal. A Tobacco Merchant Account and Non-3D Payment Gateway has always been a great solution to the merchants to manage their processing and accept online payments . It was the answer to