or Cannabidiol has been claimed to have health benefits like pain relief capability for both humans and pets which are supported by many research and studies. CBD oil with a less than 0.3% or a very low dose of THC or Tetrahydrocannabinol does not cause any addiction because it is non-psychoactive in nature.
With CBD’s market projected growth in the next few years, many merchants are joining the CBD industry. There are many businesses that have been set up to sell CBD products for both online and retail store format. One of the things that a CBD merchant must decide into is the manner on which they will accept payments from the customers. Accepting debit and credit card payments as well as the option to pay online is already a must in today’s market. Many customers are looking for other ways to be able to pay their purchases than paying by cash or thru check issuance. More and more people are using cards as their mode of payment or opting for online purchases.
A CBD merchant account is needed to accept card payments for either online or retail store platform. It is the type of bank account that allows businesses to accept payments made thru debit or credit cards. This is where the card payments from the customers go first before being transferred to the business bank account. Also, merchant accounts enable online businesses to tap into the international market by providing a viable payment system for customers overseas. Having a CBD Merchant Account allows CBD merchants to take card payments in various ways.