Today, the CBD industry is facing significant challenges with finding payment solutions that offer a convenient, transparent, and trustworthy service to CBD merchants. CBD vendors today face these problems on a daily basis due to the fact that the CBD industry seems to be seen not only as a high-risk business but is being projected in a bad light. Credit card processing for CBD merchants is now a scarce commodity, and one would expect that with the seemingly positive and favorable medical benefits that CBD offers to the general public, finding processors for CBD credit card transactions should not be such a challenge. The question is, how did we get here?
Are you a seller of CBD products such as oils, tinctures, more? Then you probably already know that there is a difference between being a CBD vendor and a marijuana vendor. Despite this clear difference, CBD retailers still experience a lot of difficulties when it comes to credit card processing. CBD products have been associated with making health claims that are unsubstantiated, and products like these usually have problems with credit card processing. How exactly does CBD differ from marijuana? Well, CBD, also referred to as Cannabidiol does not get you high when ingested and this makes it…
You might be wondering “Why is PCI compliance important?” Does it really matter for your business? PCI compliance is designed in such a way that it protects your customers as well as your business. Therefore, it is mandatory for every merchant and e-commerce stores which accepts payment by credit or debit card. It ensures that the sensitive data entered by your customers are well protected and therefore they need not worry that their card details might be stolen or misused for other purposes.