CBDPay is a new installment processor that enables Mastercard and PayPal payments for CBD goods. The company focuses on the legitimate marijuana industry, and has handled over $1 million in exchanges since May. CBDPay also offers a dependability program. B2B2C2 is another CBD installment processor that specializes in the marijuana industry.
Simple Pay Direct
CBD merchants face a number of difficulties when integrating their store with a payment processor. Fortunately, there are several options available to them. High Risk Pay is one of these options. A CBD merchant needs to ensure that his or her website is compatible with the payment processor.
High Risk Pay offers various options for high-risk businesses. For example, it offers load-balancing, which allows the merchant to allocate a certain percentage of sales to each account. It also offers redundancy, which automatically redirects payments to another account in case one account is on hold.
CBD payment processors do not have to charge a large fee upfront. However, some of the more established ones may require a fee for account registration. Other CBD payment processors offer services for free or at an affordable rate. It’s also important to consider the amount of money that the processor charges per transaction. Moreover, the cost of processing credit card transactions might be more expensive than debit card transactions.
Coinify
If you’re looking for a safe way to purchase CBD, you may want to consider using a payment processor that specializes in the cannabis industry, such as HighriskPay. The service focuses on promoting safe transactions, and it allows consumers to use digital currencies to pay for their purchases. Its user-friendly interface is designed to make the process as simple as possible.
A CBD merchant account requires a special type of payment processor, such as a payment gateway or terminal. It’s important to choose a CBD payment processor with a reasonable fee structure. Some CBD payment processors charge high account registration fees. Luckily, there are many free and low-cost options available. Also, look for a processor that is PCI-DSS Level 1 certified.
CBDPay is another CBD payment processor, which accepts credit cards and PayPal. It also offers a loyalty program for its customers. The company reports processing more than $1 million of transactions since May. The company also targets the legal cannabis industry.
High-Risk CBD
As the CBD industry continues to expand, the payment processing needs for this new industry have increased. While the FDA has not regulated CBD products, it is a growing industry. CBD is an increasingly popular nutraceutical and is even entering the telemedicine world. As such, credit card processors are likely to consider CBD merchants high-risk merchants. However, CBD merchants can still avoid being turned down by credit card companies if they follow a few simple guidelines.
When choosing a CBD payment processor, look for one that offers 24/7 customer service. This is a key aspect for CBD merchants, as chargebacks are common. Also, the merchant’s ability to dispute payment amounts or get refunds is an important factor. Patel Processing, for instance, offers 24/7 customer support and works to resolve any payment disputes and refunds quickly. It accepts applications online and requires identity proofs and documents.
A payment processor that offers a high-risk CBD payment processing solution will be able to mitigate many of the challenges that CBD merchants face. Although these accounts come with higher fees, they allow a business to transact globally. These processors also accept multiple currencies.
