If you’re in the cbd industry, then you know that cbd credit card processing can be a bit of a headache. There are many different processors out there, and it can be difficult to figure out which one is right for your business.
What should I know about this?
First and foremost, you need to understand that cbd processing is different from traditional credit card processing. This is because cbd is classified as a Schedule I drug by the US government. This means that banks and other financial institutions are hesitant to work with businesses in the cbd industry. As a result, there are fewer cbd processors out there than there are traditional processors.
One of the most important things to look for in a cbd processor is whether or not they’re willing to work with high-risk businesses. Because the cbd industry is considered high risk, you’ll want to make sure that your processor is comfortable with that. Otherwise, you may run into problems down the road.
Another thing to consider is whether or not the processor offers merchant services. Merchant services are important because they allow you to accept credit cards and process payments from your customers. Without merchant services, you’d be limited to accepting cash or check only.
We hope this information has been useful to you.