CBD or Cannabidoil, is definatelly a business of profit. The downside of it is that it can become a greater financial issue if the company doesn’t have a correct form of payment processing for it’s merchandise, also, the importance of online payment processing for CBD e-commerce website is paramount.
CBD and Hemp industry is classified as a high risk business. One of the reasons is that CBD Inductry has a larger than normal number of payment card fraud and charge backs. These High risk industries include -but are not limited too- telemarketing, tobacco merchants, adult products, and e-cigarettes. Due to CBD & Hemp business nature being high risk and highly regulated by state industry, it become very difficult to find a legitimate online payment processer, who won’t close on you without any warning or support the Payment Processing for CBD Online Business.
As a CBD merchant, you will need to find an experienced CBD payment processor and CBD Merchant Service that can work with high-risk businesses such as CBD or hemp related industries. With that in mind – you will need to find a proactive high risk payment processor with updated laws and methods such as CBDMerchantservice.com. All of the high risk businesses present itself as a conflict to manage. Why? The CBD payment processing faces an issue with the products legality abd constantly changing Federal Regulations. Officially, the CBD products that contain less than 0.3% of THC are legal in all 50 states – but there are many of additional state regulations which may make it illigal at the same time. The problem is that the companies that offer financial ecommerce services don’t like the lack of information and usually choose to not deal with those selling CBD or Hemp related products & services. When they choose to do it, they will charge large fees for services or place restrictions that will make it difficult to run your enterprise.
How to get the Payment Processing for CBD online / ecommerce business
CBD Merchants need to place focus on what will help them run a profitable business, meanwhile many online payment processors have high charges and impossible requirements to run the cbd business. CBDMerchantService.com will pair your CBD biz with online CBD payment processor that has significant experience with high risk industries as well as a network of CBD and Hemp friendly Banks (an important factor when choosing CBD merchant service providers).
Give us a call at (877) 996-2795 – Get Approved & Start Processing with Peace of Mind.
