Have you tried to search “How to obtain a CBD Merchant Account” or “Hemp Merchant Account” and came up short? You are not alone. Although 100% legal, most banks and processors still do not board companies in this industry due to how CBD is cultivated.
Online CBD, hemp, and marijuana oils stores have opened up a new global market. But the real problem lies when it comes to accepting payments online in CBD products stores . Banks are still on a long rocky road to working with businesses specializing in marijuana for CBD Payment Processing. The problem is many banks still worry about getting in trouble with the law for providing financial services to the CBD industry. They also don’t want to bother taking part in the extra resources needed to make it legal .It’s possible for banks to take part in legal states, but will they take on an industry that they still deem risky?
For those of us in the CBD industry, it’s still a dilemma on how to create decent commerce in selling hemp products.for CBD Payment Processing are considered to be high risk in the online merchant account world due to the nature of how the oil is cultivated; this sends the banks and lenders an immediate red flag and your CBD oil merchant account is deemed as a high risk right from the get-go. This doesn’t mean you’re out of luck when it comes to eCommerce and payment processing online (also known as card-not-present transactions), it just means that you need to choose the right company to handle all your needs for CBD merchant processing and CBD merchant account solution.
Getting the proper CBD merchant account solution can be difficult to find, and while the CBD oil business has propelled into a billion-dollar industry, we understand that the best way to expand your market is to share your services and products via an online presence.