Top 3 Payment Methods For Online Vape Businesses Aside From Paypal In Australia

 

In a surprise move, online payment processor Paypal banned payments made towards vaping products. This move will lock out vaping product suppliers out of their accounts for 180 days.

The entire vaping industry has been hit hard by this sudden move from the world’s largest payment processing company. In these times of pandemic adversely affecting businesses, this move has dealt a severe blow to the already impacted vaping businesses.

But there are more options for you, so you don’t need to panic. 

In this article, we discuss the top 3 payment methods for online vape businesses, if not Paypal in Australia. 

  1. Zip Pay

Zip is an app-based buy now, pay later platform that can be used both in-store and online.  It claims to be “the good guys” who do things “better than the banks”. But do they really?

ZipPay is more like a line of credit. There’s a flexible payment schedule and more time to pay back money borrowed for each purchase.

There’s also a $5 late fee if you don’t make a payment for 21 days after the initial fee-free period.

For vape wholesale buyers, this payment gateway has an added advantage, as you can place an order and pay later, provided the other conditions are met. 

  1. Lay Buy

Lay buy is a payment platform based in New Zealand. It is designed to make it convenient for shoppers to initiate online and in-store purchases. It also doesn’t require any charges on interest and allows you to pay for your purchase through weekly instalments for up to six weeks. Lay buy created a big impact in its native New Zealand, claiming it signed up 200,000 users and partnered with 2,750 stores in just 18 months. 

  1. PayItLater

Founded seven years ago, Afterpay is one of the most recognisable and trusted pay later systems in Australia. PayItLater then makes on-the-spot credit approvals without you needing to fill out any tedious paperwork. Its easy navigation makes it easier to set up the payment gateway on any vape shop Australia. Also, it never charges any setup fees or interest. Where they make their money is through late fees. 

So these are the top few companies who have made their payment services available to local Australian vape stores. 

Without these businesses, your access to a variety of vapor liquids, vapour devices and competitive prices would go up in smoke!

Read more – Payment Methods For Online Vape Businesses

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