Payment network has strict compliance for high-risk verticals, such as CBD merchants. It is not just about avoiding fines but also about surviving as a business. Payment networks like Visa and MasterCard have created monitoring systems to determine the eligibility for card transactions or to get flagged risks for chargebacks....
How to Overcome Common Payment Processing Challenges in the CBD Oil Industry
Because CBD is a cannabis plant product, it is classified as a high-risk product in payment processing, hence sending it straight into a world of trouble. Regardless of its legality and successful sales, the perceived danger that CBD holds in the eyes of banks and payment processors denies traditional payment...