The Clover trademark and logo are owned by Clover Network, Inc., a First Data company. All other trademarks, service marks and trade names referenced in this material are the property of their respective owners. ©2024 PPSERVE. All Rights Reserved.
Top alternatives for payment processing and with the mission to support the needs of your business
Contrary to the more strictly regulated legal cannabis market, CBD products are typically regarded as legal across most of the nation. However, locating merchant-related accounts and a trustworthy payment processing service is still a challenge for businesses that sell or manufacture CBD products.
Working with a reputable team of payment processors like PPSERVE is the best way to overcome these difficulties. Our financial specialists have extensive in navigating the intricate and constantly evolving legal framework governing the sale of high-risk products. This enables our experts to offer individualized payment solutions like credit card processing.
Almost everyone agrees that the CBD market is a high-risk one. Financial institutions look at a number of variables when deciding whether to label a company as high-risk.
Although the majority of states permit the sale of CBD products devoid of THC, the regulations differ widely. Many banks consider CBD firms to be high-risk due to this inconsistency alone. Financial institutions are even less likely to support companies in the CBD market because the product category is so young.
Even if you manage to find a conventional financial institution that will take the risk, they will probably impose exorbitant fees. Even worse, these organizations frequently impose limitations on the high-risk accounts they handle, which will make it more difficult for you to conduct business effectively.
The more realistic course of action is to work with our professionals. With no crippling expenses and without requiring merchants to sign binding contracts, PPSERVE offers payment processing services.
More companies are shifting their attention from traditional brick and mortar stores to the online market on a daily basis. A cash-only company strategy is now untenable, especially if you don’t want to keep up a physical store.
Having the ability to process electronic payments is necessary to keep up with these advancements. Your products will be more easily accessible to customers if you can accept payments via card, which will increase overall sales. Enhancing customer satisfaction can position you for long-term success in the fiercely competitive CBD businesses.
To find out more about how we can assist you with enabling quick and safe payments on your e-commerce website, contact a merchant consultant.
The Clover trademark and logo are owned by Clover Network, Inc., a First Data company. All other trademarks, service marks and trade names referenced in this material are the property of their respective owners. ©2024 PPSERVE. All Rights Reserved.