CBD has been linked to helping with symptoms of anxiety, depression, pain, and more. Building a reputable CBD company is no easy feat, but one of the key elements can involve having the right payment processor. This can make it easy for buyers to browse your site and trust their payment details are secure within a reputable site. However, how hard can it be to find a reliable credit card processor?
For CBD companies, this can be an intimidating task, as some banks and lenders are instantly put off by the nature of CBD products. However, it’s important to know there are existing companies that offer the right tailored solutions for CBD merchants without any risks or problems. What does dependable credit card processing look like for your CBD business? What shouldn’t you do when it comes to a secure payment gateway for customers? Continue reading now to learn more about how to find the most dependable credit card processing for your CBD company.
Why Can’t I Use Any Credit Card Processor Service For My CBD Business?
There is no question that CBD is a completely legal product that many people can purchase without issue. However, because of the plant it is cultivated from, typical payment processors such as PayPal, Stripe, and Square immediately label CBD businesses as high-risk merchants. If you carry different kinds of CBD products in your online store, you will be labeled as high-risk by popular payment processing platforms.
What Problems Can Occur?
If you apply for a merchant account under PayPal, Square, or Stripe, you may be approved at first. However, after further looking at the CBD products you’re selling, these payment processors will instantly shut down your merchant account. This means:
- You will no longer be able to complete transactions through these processors
- The funds you’ve acquired will remain locked until you can find another suitable payment processor
- There is a lapse in future payments if you offer subscriptions
It’s obvious that when the payment processor you’ve chosen shuts down your merchant account, it can lead to a domino effect of consequences that affect your business.
How Can I Avoid Any Problems With Payments on My Merchant Site?
Don’t go through the hassle of getting your merchant account shut down by a popular payment processor. Instead, go with a company that has the credit card processing you need for your CBD business. If your merchant account has been shut down on PayPal, Square, or Stripe, you may feel hopeless. However, many different credit card processing companies have worked with high-risk merchants to grant them the perfect payment gateway for secure transactions.
What Should I Look For in a Payment Processor?
How do you know what the right payment processor for your CBD company looks like? There are a few different factors you should look for, such as:
- Permits the sales of different CBD products
- Has a history of working with CBD companies and other health/wellness merchants (which are also considered high-risk merchants)
- Has the proper solutions to help you increase efficiency and profitability
- Offers a reliable and safe payment gateway for online sales
- Offers other solutions, such as risk management and chargeback management
Working with the right payment processing company can allow your CBD company to further expand and reach a larger base of interested customers. When you have the proper payment processing for your business, you may find that you can attract new customers, increase revenue, and actively work to prevent theft and fraud in your transactions! Reassured in your merchant account and payment processing allows you to focus on other aspects of your business!
What Does Relevant Health Offer?
Relevant Health is a committed company dedicated to helping wellness and health businesses reach a variety of clients and complete secure payment processing. We offer merchants several solutions to make their payment gateway hassle-free and secure. You do not have to worry about your CBD merchant account being unexpectedly shut down. Our experience and resources allow us to meet the needs of CBD businesses that need dependable credit card processing and more.
Reach New Heights In Your CBD Company!
Your CBD business doesn’t have to go through the risks of being shut down by a payment processor. Working with companies who have completed payment processing operations for CBD sellers and other high-risk merchants will result in a variety of benefits for your business. If you are looking for credit card processing and other solutions to boost your company, contact Relevant Health today.
