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CBD Payment Processing Can Hurt You Recently, we received an enquiry from the medical professional who was seeking CBD payment processing. While during his practice as a Dr., he was quite amazed to see the effects of the CBD over his patients as a remedy to pain, nausea, inflamed muscles, pain, etc. Therefore, he planned to sell it within his office and required to sell it online on his website. It is good to know that he called us and asked us about the possible payment solutions in this regard. Since that we offer several high-risk payment processing solutions, we are quite familiar with the small and significant complexities as well as the minute details about the CBD Oil Merchant Account, and we pass on this knowledge to our merchant partners as well. A customer, called merchant needs to know everything about the payment plan they are taking as they apply for a CBD merchant account.

However, you will be surprised to know that one of our merchants was surprised about such options. While discussing the business options with us, he mentioned that he is used to selling CBD supplements out of his office and has been quite successful in it. He has no knowledge that he was amidst the breach of his merchant account contract for his so-called medical practices and became quite shocked to know that his acquiring bank has the right to terminate his merchant account for his medical practices on the spot. Medical practice is an entirely different entity to that of CBD oil selling and when a person is approved for his merchant account, does not means that they have the option to sell CBD to his patients. Usually what happens is that merchant do not think about this thing and when we discuss these details with


them, they are stunned to know about the process involved to get approval for an e-merchant account for CBD. It is the best way end up on the TMF list. Unfortunately, this happens a lot of times. Knowingly or unknowingly, we have seen merchants from various industries like pharmaceuticals, nutraceuticals as well from the domain of beauty products and weight loss making these dire mistakes. Many of them have assumed that they can add CBD oil to their list of offerings as it pertained and related to their business or industry. That can be a fatal supposition for any business. Since CBD Payment Processing is quite tricky to achieve, we have read about merchant from diverse business lists offering CBD and sometimes even illicit and illegal substances under the guise of this oil. This process of selling illegal products is known as transaction laundering - another sure shot way to land into the list of TMF.

Why Do Banks Consider CBD A High-Risk Industry? In a nutshell, acquiring banks are doubtful of CBD payment processing as the product is linked to Marijuana. The hemp plant comprises Cannabidiol CBD and THC. While THC is a painkilling, psychoactive chemical present in Marijuana, CBD is a natural analgesic with hardly any traceable amount of THC present within.

CBD Payment Processing Can Hurt You  

we pass on this knowledge to our merchant partners as well. A customer, called merchant needs to know everything about the payment plan they...

CBD Payment Processing Can Hurt You  

we pass on this knowledge to our merchant partners as well. A customer, called merchant needs to know everything about the payment plan they...

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