If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts.
According to research in 2021, almost 57% of total payments were made by credit or debit card, making it necessary for every business to enable card payments. Therefore, serious businesses can hardly avoid CBD payment processing and merchant accounts in 2022.
Even though many Cbd businesses want to allow card payments, the problem is that they are considered high-risk businesses. Consequently, many payment processors, for example, PayPal, don’t want to work with them.
Luckily, the increase of Cbd businesses in the USA stimulated a rise in Cbd merchant accounts that accept Cbd companies.
Still, the increase in merchant accounts has also brought hefty fees, problems with chargebacks, and unexpected costs, which many Cbd businesses have to deal with if they don’t choose the right platform and bank to work with.
Today we will dive deep into the problems of Cbd companies to find the best merchant accounts for your business and help you make a decision. You can easily decide what your business needs by comparing the best CBD merchant account.