Can I collect recurring payments for my CBD oil business?

Merchant Services Q&ACategory: CBD Merchant AccountCan I collect recurring payments for my CBD oil business?
Bankim Chandra Staff asked 5 months ago
1 Answers
Bankim Chandra Staff answered 5 months ago

Some CBD Oil Merchants may require recurring payment solution. This is not easy to get as the processing firm would like to evaluate the risk factors accordingly. However this may not be an issue if the company has awesome reputation and brings in good revenue with almost zero credit risk and chargebacks.
Please not that if you offer trial then this becomes even more difficult. We dont encourage our merchants to use trial offers. As per our experience Trail offers usually result in signification return and chargeback ratio.
Hope this helps.