What Does It Mean To Be High Risk?
CBD business has been on the rise in the last few years due to the health benefits that surround the product. While CBD is still a hot topic in the country and amongst lawmakers it has been legalized in many parts of the country. The benefits of cannabis oil can help anxiety relief, cancer treatment side effects, PTSD and is available in everything from creams to baked goods. There is no doubt that the industry will only continue to grow into a success, it is actually predicted to be a $22 billion dollar industry by 2022. However, due to the stigma surrounding the product, there are major restrictions tied to their sales. As a result, any business selling CBD products is automatically listed as a high-risk business.
What Do I Look For In A Payment Processor?
At Cobalt Payments, we have the skills to help you manage your high-risk CBD business.
It can be difficult to find the right payment processor that fits your business, but that does not mean you should just go with the first processor that tells you they can handle your business needs. When you start looking for a payment processor for your CBD business keep an eye out for these traits:
At Cobalt Payments, we have the skills to help you manage your high-risk CBD business.
We can work with you to help ensure you meet the proper regulations.
It is time to stop working about your merchant account shutting down or having to turn away orders. Reach out to our team to get set up with a device and begin building the payment processing system that fits all your needs.
