CBD oil is the last superfood that has gained immense
popularity recently. The commercial use of CBD oil is prohibited in many US
Financial services, including bank payments and various
payment processes, are not readily available to operate the CBD's oil business.
Finding the right payment processor and gateway for the CBD is not an easy
task, but we are here to help you keep it simple.
Learn more about the CBD oil business
As the CBD trade is classified as high risk since some
states of EE. UU They have imposed a ban on their trade, only authorized
merchants can sell the product legally and the approval is not easily granted.
Many dealers have disguised their online CBD oil business
and sell it along with e-cigs, glassware, pipes and other smoke-related
products. If this type of CBD sale is discovered by the bank, the CBD oil merchant
account will be closed immediately. The online merchant's payment
processing operation will not be executed.
If we had to choose a high risk industry for which we
received more inquiries lately, it is the payment processing for the CBD oil.
The popularity of industries fluctuates. We used to receive many calls about
technical support online (an industry plagued with chargebacks and fraud) and
electronic cigarettes (new regulations), which have since become somewhat
difficult to find merchant accounts. For the CBD merchants, there is good news.
We had written a blog detailing what we need to get a CBD merchant account.
Since then, we have found a much more feasible solution and we already have CBD
merchants who process the payments.
We agree with CBD, not only for its health benefits, but we
feel that more and more banks are heating up for industries like CBD and hemp,
the closer we get to the main banks that process payments for medical and
recreational marijuana, of which we are a great proponent
What are the health
benefits of CBD?
Studies continue regarding the health benefits of CBD. There
are positive signs that point to many ailments, which include:
- Reduction of pain and inflammation
- Treatment of epilepsy especially in children
- Useful to reduce acne and wrinkles
- Restrain anxiety,depression and nausea
We have solutions in place
Ipaytotal.com
has solutions for payment processing for CBD oil, with the processing of
several merchants. Better, we offer live support through our expert merchant
account managers during the life of your merchant account relationship with
ipaytotal. Talk to us today, or anytime between Monday and Friday.
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