Paying the price for ‘high-risk’

CBD oil businesses that want to start accepting payments for their goods will likely face issues when looking to connect with payments companies to help them do this. Payment companies will label CBD companies as ‘high-risk’, and may refuse to offer their services to CBD companies, or charge inflated rates for payment processing.

There are a number of reasons for this. Firstly, CBD is an emerging market where businesses must tread carefully through a minefield of legislation to make sure that their products are legally allowed to be sold. Secondly, CBD has obvious connections with illegal marijuana, which means that certain payment companies perceive reputational risks coming with the acceptance of CBD merchants.    

Coupled with the hard work it takes to muscle their way into an already congested health marketplace, CBD start-ups may find the uncompromising attitude of certain payment providers to be damning to their chances of getting off the ground and driving the success of their business.

Paying the price for ‘high-risk’

CBD oil businesses that want to start accepting payments for their goods will likely face issues when looking to connect with payments companies to help them do this. Payment companies will label CBD companies as ‘high-risk’, and may refuse to offer their services to CBD companies, or charge inflated rates for payment processing.

There are a number of reasons for this. Firstly, CBD is an emerging market where businesses must tread carefully through a minefield of legislation to make sure that their products are legally allowed to be sold. Secondly, CBD has obvious connections with illegal marijuana, which means that certain payment companies perceive reputational risks coming with the acceptance of CBD merchants.    

Coupled with the hard work it takes to muscle their way into an already congested health marketplace, CBD start-ups may find the uncompromising attitude of certain payment providers to be damning to their chances of getting off the ground and driving the success of their business.

How do CBD businesses overcome their payment headache?

 The simple answer to this is that CBD merchants need to click here