When you will need a CBD merchant accounts, among the things you’ll see is all of the credit card processors that will refuse to provide you with one. It’s a real issue for men and women that market CBD edibles, hemp and cannabis oil, and other things in the marijuana market. Luckily, this doesn’t need to be an issue for you . Leap Payments will work with you on opening a CBD high risk merchant accounts and keeping the accounts alive.
With so many states allowing medical CBD and recreational usage today, the requirement for payment processing in this pseudo marijuana business is growing. But many banks and other financial institutions believe this business is too higher risk or a damaging to their reputation, so they are reluctant to manage any sort of payment processing for CBD business banking. This has resulted in a crisis with businesses that provide CBD, hemp goods, vape equipment and other marijuana related choices, and then those businesses wind up frustrated and losing sales.
You Can Find A CBD Merchant Account
You don’t need to take care of the frustration which normally accompanies the process of searching endlessly for a payment processor or turn off clients who wish to use credit and debit cards anymore. Since the cannabis company deserves a reasonable opportunity to have access to the exact same merchant services as other businesses, we recognize the need for individuals in that sector to have payment processing solutions that work for them and their clients. Having a merchant account specifically designed for higher risk companies like the marijuana business, you can get credit card processing options you actually need.
CBD Tincture Hemp Seed Extract in Jar
Obtaining a valid, fully featured CBD merchant account has the potential to greatly enhance your business, and allow you to find the complete potential that CBD payment processing can provide you with. Many chips will turn you down and odds are, you might have tried with other merchant service providers before coming here. We’ve helped countless businesses like yours with getting merchant accounts and providing their clients with a solution to pay via credit or debit cards for cannabis products. Yes, the business has a greater processing risk, but it doesn’t mean that you shouldn’t have the capability to work in that business and make sales to customers who would like to pay with something besides cash.
Getting Approved Is Easier Than You Think
One of the issues with getting approved for CBD payment processing is that many institutions don’t understand how the industry operates. They could be dismissive of the value of medical marijuana and CBD or believe these products shouldn’t be recreationally available to individuals. Such biases are a significant part of what causes a few banks, lenders, and payment processors to turn down companies in the cannabis market. However, at Leap Payments, we don’t place your company in a class or apply labels. We choose to find the worth of your company for what it is, a legitimate organization, highly in demand and customers that need payment choices.
We know you will need to have the ability to keep your customers happy, and to do that you also have to have the ability to accommodate several payment methods.