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Adyen classifies CBD products as a restricted category on their acceptable user policy page. This simply means that CBD merchants are not automatically declined. However such applications require additional documents and the approval is not guaranteed. It is important to understand that the restricted designation also includes an important nuance.
First of all, it is important for you to understand that unexpected store or payment account termination can actually happen even to genuine, legitimate businesses. Platforms like Shopify, Stripe, PayPal, or other payment facilitators, they rely heavily on manual as well as automated risk monitoring systems. When certain triggers appear
The used/secondhand auto parts industry in the U.S. is also commonly referred to as the automotive recycling industry. It is a very legitimate and large market, which is worth about $30 to $40+ billion annually. The industry has around 8,000 plus businesses, and in total the employee strength is over
Wholesale vape and smoke merchants should deeply understand that rate is only one part of the total cost equation. The lowest-rate processor that terminates your account after 90 days of successful processing is going to be far more expensive than a slightly higher-rate specialized processor who can stay stable for
As you are aware, retailers face challenges in this industry to get a merchant account; however, you will be surprised to know that wholesalers and smoke and vape distributors face even bigger challenges. And the reality is that most never see the challenge coming until a low-risk payment processor shuts
You may be surprised sometimes that the product is legal and the business is licensed, but still, why do most of the payment processors refuse to offer merchant accounts to businesses that sell e-cigarettes, vapes, and other headshop accessories? It will help if you know the real reason behind the
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