The CBD Industry faces several challenges in payment processing but one of the major issues is the risk of high chargebacks due to the number of strict regulations in the industry. Proper management of chargebacks is very crucial for streamlined payment processing and cash flow without any risk of chargebacks....
How to Create a CBD-Friendly Refund and Return Policy
In recent years, the popularity of CBD products has skyrocketed, with consumers turning to these natural remedies for a variety of health and wellness needs. However, as with any industry, there are bound to be instances where customers may need to return or refund their purchases. This is where having...
Expanding Your CBD Business Internationally: Payment Processing Tips
The global CBD market has experienced exponential growth in recent years, driven by increasing consumer awareness of the potential health benefits of CBD products. CBD, or cannabidiol, is a non-psychoactive compound derived from the cannabis plant that is believed to have therapeutic properties for a wide range of conditions, including...
Mobile Credit Card Readers: Are They Viable for CBD Businesses?
In recent years, the CBD industry has experienced significant growth and has become a lucrative market for entrepreneurs and businesses alike. However, one of the challenges faced by CBD businesses is the limited payment options available due to the complex legal and regulatory landscape surrounding the industry. Traditional payment processors...
CBD Merchant Account Underwriting: What to Expect
CBD, short for cannabidiol, has gained significant popularity in recent years for its potential health benefits. As a result, the CBD industry has experienced rapid growth, with more and more businesses entering the market. However, due to the complex legal and regulatory landscape surrounding CBD, businesses in this industry often...
How to Handle Subscription Billing for CBD Products
Subscription billing has become a popular method for businesses to sell their products and services, and the CBD industry is no exception. CBD, or cannabidiol, is a compound derived from the cannabis plant that has gained significant attention for its potential health benefits. As the demand for CBD products continues...
Selecting the Right POS System for Your CBD Dispensary
In today's fast-paced retail environment, having an efficient and reliable point-of-sale (POS) system is crucial for the success of any business, including CBD dispensaries. A POS system is not just a cash register; it is a comprehensive software solution that helps streamline operations, improve customer service, and increase profitability. In...
PCI Compliance Basics for CBD Oil E-Commerce Stores
In today's digital age, e-commerce has become a booming industry, with countless businesses selling their products and services online. One such industry that has seen significant growth is the CBD oil market. CBD oil, derived from the cannabis plant, has gained popularity for its potential health benefits. As more and...
Understanding CBD Payment Processing Fees and Rates
CBD, or cannabidiol, has gained significant popularity in recent years for its potential health benefits. As a result, the CBD industry has experienced tremendous growth, with more and more businesses entering the market. However, despite its increasing acceptance, CBD businesses still face unique challenges, particularly when it comes to payment...
Navigating High-Risk Status in the CBD Industry
The CBD industry has experienced exponential growth in recent years, with the market projected to reach $23.6 billion by 2025. However, despite its promising potential, the CBD industry is considered high-risk due to various factors, including legal and regulatory challenges, compliance issues, and financial risks. Navigating this high-risk status requires...