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 store. Banks are still on a long rocky road to working with businesses specializing in marijuana for CBD Paymnt Processing. The problem is many banks still worry about getting in trouble with the law for proviing financial services to the CBD industry. They also don’t want to bother taking part in the extra resources needed to make it legal.
CBD Payment Processing is 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 high-risk from the get-go.
Getting the proper CBD merchant account solution can be difficult to find, and while the CBD oil business has propelied into a billion-dollar industry, the best way to expand market is to share your services and products via an online presence.
Acquiring banks are uncertain of CBD payment processing in view of its link to marijunas. The hemp plant is comprised of cannabidiol (CBD) and THC. While THC is the psychoactive, painkilling compound in marijuana, CBD is a pain reliever with minuscule amounts of THC. The association itself is sufficient to drive away certain acquiring banks. Our acquiring bank accept CBD Merchant Account with the correct criteria.
To sign up for one of our merchant accounts , online applications are used.
In many cases depending on the applications, applicants will receive a decision within 24 - 48 Hrs via email.
We will email out all the mandatory documents as well as provide all the costs and fees.