What are CBD oils? I’m sure you’ve heard of this new class of products, and you’re curious about what they are and what benefits they can offer you. Maybe you’re also interested in opening a brand new business that sells CBD-derived products, and you’d like to know more about the special requirements you’ll need to meet in order to be successful.
Cannabidiol or more commonly referred to as CBD, is derived from the marijuana plant and can be a natural remedy for a number of ailments with none of the psychoactive side effects associated with THC. The major difference between CBD products and marijuana is that CBD products contain little or no THC or any of the other psychoactive ingredients that marijuana contains. In better words, CBD products won’t get you “high.”
The rising needs and research emerging about cannabis products have highlighted the potential for this industry to continue to boom in the coming future. There is a sea of CBD and Hemp products that have absolutely changed the market. CBD and hemp products are no longer exclusively just for a group of certain individuals, but rather added into a variety of markets because of its excellent benefits.
With the recent wave of cannabis legalization and decriminalization for recreational and medical use in the United States, corporations and entrepreneurs alike have been flocking to get on the ground floor of this booming industry. The laws for cannabis vary from state to state, and the natural marijuana derivative cannabidiol(CBD), faces more lax regulations due to its more medicinal focused uses
Cannabis Oil Merchant Account Services:
With greater acceptance and huge positive response of CBD products in the marketplace, we’ve been able to get thousands of CBD payment gateways approved. Our representatives know the most painless ways to assist in opening your merchant account so you can begin processing payments as soon as possible.
No more jumping through hoops to get your merchant account set up, just to be turned away in the end. Once approved, your CBD payment gateway can take as little as 24 hours to become active and able to process payments. Whether you need a physical card terminal or an online gateway, we have the means to get your business up and running.
You need not deal with the frustration that most CBD merchants experience during the process of endlessly searching for a payment processor. No more turning away customers who want to purchase CBD products with credit and debit cards. The simple fact is, CBD and hemp based businesses deserve as fair of a chance to have access to the same merchant services as other industries.
When you have been approved for your merchant account and begin processing payments, it’s important to figure out a strategy for keeping chargebacks to a minimum. Not only will this save you money in the long run by eliminating fees, but it will also keep your account in good standing according to the guidelines set forth by the bank.
We understand the need for people in the industry to have CBD payment processing solutions that work for both them and their customers. Merchant account was only available to traditional, low risk businesses before , your CBD business can get the credit card processing options you really need.
Getting a merchant account for your online or retail CBD products business can be frustrating. While the majority of merchant account providers still do not accept this business type, iPayTotal is one of the merchant account providers to accept CBD and Hemp Oil merchants.