CBD & Hemp Businesses
Despite some progress being made, CBD businesses are still considered ‘high-risk’ for payment processing.
For merchants selling Hemp and CBD-related products, it has been a challenge to find stable and reliable credit card processing for both retail and ecommerce businesses.
Merchants have had to deal with unconventional payment and non-transparent payment solutions for years with some combination of ridiculous pricing, inconvenient funding terms, holdbacks and reserves, and the issue of being shut down months after getting approved.