Can I use ACH For CBD Merchant processing?

Merchant Services Q&ACategory: CBD Merchant AccountCan I use ACH For CBD Merchant processing?
Bankim Chandra Staff asked 5 months ago
1 Answers
Bankim Chandra Staff answered 5 months ago

Yes.
Actually its lot easier and long lasting. There are multiple reasons why ACH/Echeck is a better solution for CBD oil merchants. ACH has nothing to do with card schemes that means the card scheme rules do not apply. You need 3 parties to get this accomplished

  • A Bank that allows you to accept ACH payments for CBD Oil Sales
  • A Third party ACH Processor that works with a Bank which is connected to the ACH Network
  • Your customers that wish to pay you using ACH or Echeck

Points to keep in mind.

  1. Please confirm with your bank if they are ok with accepting CBD Sales order. Most banks in USA say no to this industry.
  2. Check with ACH Processor if they have CBD as an acceptable industry. In Most cases only high risk ach processors may say yes
  3. If you are a NON USA merchant then ask with the Processor if they can say yes to a NON USA entity.

Happy Processing!