The Transaction Group offers credit card processing solutions for merchants that sell CBD & Hemp related products. Call us today to accept credit cards for CBD (cannabidiol) oil and hemp sales.
Possibly the fastest growing industry in the US right now is CBD or cannabidiol oil products. Retail stores selling CBD seem to be popping up everywhere. While demand for the products may be great, a great challenge for these CBD Hemp merchants is obtaining credit card processing services to accept credit card payments from customers.
Why? Simply because the product that these stores are selling are categorized as high risk by the banking industry. It’s not necessarily that the product or the industry as a whole is considered risky, but more so due to the unknowns.
Derived from hemp plant extracts, CBD products contain cannabinoids that have medicinal benefits that can help to relieve anxiety, pain and other ailments. CBD is said to have the same healing effects of marijuana but with very low amounts of THC, the psychoactive constituent of cannabis that delivers the feeling of being high.
CBD products are legal in the United States and are becoming more accepted for everyday use. However, the industry is still very new and very unregulated. For this reason, many banks and merchant account services providers are hesitant to offer bank accounts and/or credit card processing services for CBD or hemp oil product retailers.
The Transaction Group (TTG) understands how frustrating this can be for these businesses. It goes without saying that if a business can’t collect payments from their customers, it’s nearly impossible to stay in business. The good news is that TTG can help.
Since 2004, TTG has been assisting businesses throughout the world with their merchant account services needs. TTG works with businesses of all types, but specialize in high-risk industries such as cannabis and cannabidiol oil. Together with their banking partners, TTG is able to provide payment processing services to CBD and hemp oil stores.
If you’re in need of a credit card processing solution to sell your CBD products, allow TTG to help get you set up. With their streamlined application and approval process, they can have your business set up to take credit cards fast and easy.
