Are you having trouble with PayPal for your CBD business? Can't seem to find a CBD merchant account in the United Kingdom? Been closed down by your payment provider? Help is on the way. We've made a list of trusted CBD payment processors, and gateways. Remember: If others can sell CBD online, you can too!
When it comes to running an online business, there's a lot to consider, and with so many online payment processors to choose from, you'd think this would be one of them.
This is true for the majority of small businesses; all you have to do is open a PayPal or Stripe account and you're good to go. However, for some firms, such as CBD, things aren't so straightforward. This is true for the majority of small businesses; all you have to do is open a PayPal or Stripe account and you're good to go. However, for some firms, such as CBD, things aren't that straightforward. Please be aware that we do not provide CBD merchant accounts. Medic Pro is a regulatory consulting firm that provides broad information on CBD merchant services.
When it comes to accepting credit card payments online, merchant account providers take on the majority of the risk. As a result, they evaluate the level of risk associated with various sorts of businesses and treat them accordingly.
Many enterprises will be deemed low-risk and will have no difficulties. Other firms, on the other hand, will be regarded high-risk due to the nature of the items they offer or the industry in which they operate, and may experience challenges.
Any firm or industry that straddles the line between legality and chargebacks is likely to be high-risk. Many digital products, for example, have a greater percentage of chargebacks since they are easier to scam and the providers frequently operate abroad.
Are you seeking for a way to check a product's CBD and THC content? To assist you in complying with UK legislation, we provide quick and dependable CBD testing services.
Merchant processing is typically tough to come by for businesses selling CBD online. This is due to CBD's origin, cannabis, and the fact that this unique plant is governed by different laws in different countries.
It is totally lawful for recreational use in some territories, yet possession is punishable in others. Traditional payment processors such as PayPal and Stripe do not have the financial backing of their banks to deal with cannabis-related transactions. If a business is likely to jeopardise their relationship with a bank, these payment processors may close the account. After all, closing a small company account is considerably easier for them than negotiating a deal with a huge financial institution.
Rather than dealing with the complexities of various regulatory systems around the world, traditional payment processors have chosen to avoid risk and avoid going there altogether. To address the void, specialised CBD merchant account providers have sprung up.
Thousands of payment processors and merchant services are available around the world, but just a few specialise in high-risk businesses. CBD merchant account services provide CBD sellers with online payment processing options tailored to their needs.
These CBD payment processors are enterprises that can handle medium- to high-risk transactions.
UK CBD Merchants
Payment processing services for the CBD business are far more specialised than conventional payment processors, making them harder to locate online. Especially those based in the United Kingdom.
Can I sell CBD flowers in the UK?
It is possible, but takes time and is a legal grey area at best right now (Jan 2022). 'Anna' Business Banking took on 'The Brain Box Shop' for their CBD Hemp flower shop before it became legal in the UK and even shared them on social media, Sadly however, they ended up being raided by the UK police and trading standards, and eventually closed down with possible convictions - although this has not been confirmed.
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