Selling CBD: CBD Payment Processing
You may find it intimidating to start a CBD business. After all, this is a high risk industry. The good news is that there are reputable payment experts that can help you start your CBD business and move it forward with success. If you’re interested in CBD payment Processing and selling CBD on Shopify, you’re at the right place.
CBD Payment Processing
Finding a reliable CBD merchant processing solution that can ensure a smooth operation for your business is critical to your success. To start selling CBD online, you can open a free online store and accept payments for your CBD products.
Since the CBD industry is high risk, it can be difficult to find a payment processor for CBD payment processing. It can be difficult but not impossible. The high risk nature of CBD businesses is due to how the oil is cultivated. Hemp-derived CBD products must have less than 0.3% THC (tetra-hydrol-cannabinol).
Selling CBD on Shopify
You can sell CBD legally. However, it’s derived from the same plant breeding the regulated cannabis. This makes banks and lenders classify your CBD oil merchant account as high risk. In fact, CBD businesses are tabbed as high risk regardless of what kind of CBD products are being offered in online stores.
Often, CBD merchant accounts can be terminated. This may cause a lapse in incoming payments. If this is your case, you may end up with insufficient funds in your accounts. This is a frustrating situation for a CBD business owner since being unable to generate sales or access funds will break the business.
With the right payment processing service, you can sell various types of CBD products. When applying for CBD credit card processing, you need to make sure you meet the proper regulations. The good news is that there are experts in payments that can help you sell CBD products online and in-person safely and securely.
If you want to sell CBD on Shopify, be aware that Shopify has partnered with more than one payment gateway to enable you to scale with your hemp-derived CBD business. No matter you’re interested in selling CBD on Shopify or any other eCommerce platform, by working with a reputable payment processing services provider, you can get the best deal for your business.
CBD Merchant Processing
It may seem daunting to start a CBD business because of the high risk nature of the industry. However, with the right high risk payment processing solution, you can start your business and move to the next level with ease.
Author Bio: Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.