High Risk Merchant Account for Online Liquor and Wine BusinessThe online sale of liquor (wine, spirits, beer) has presented businesses a new avenue to sell and consumers a convenient way to purchase. It’s not uncommon these days to find wine-of-the-month clubs online, too.
Here’s why this industry is considered high risk. Internet alcohol sales have rigid regulations and laws that every vendor needs to be in compliance with in order to operate. Internet alcohol vendors must verify the age of the purchaser, among other things. Due to the risk of underage alcohol purchases, and the card-not-present nature of transactions, online alcohol retailers are considered as “high risk” merchants. Further, in the United States, there are state statutes on direct shipment of alcohol to consumers, which need to be followed. More information about that here.
Getting a high risk merchant account for your online liquor store doesn’t have to be difficult. We have experience in handling high risk merchants. Call us at 1-800-930-4476 to for a free consultation.