How To Get Started With High Risk Merchant Account CBD?
Cannabidiol, which is more commonly known to be CBD, is now becoming an every household name. CBD oil has entered the day to day marketplace in the form factor of topicals, infused edibles, tinctures and much more. CBD is one of the fastest-growing business sectors, and it is expected that it will surpass the market value of over 25 billion US dollars by the end of the year 2025.
This boom and demand have made several business owners take an interest in high risk merchant account CBD, and that is why we have concluded some vital steps to get started with CBD business.
What Is A Real CBD?, Why It Is Important To Apply For High Risk Merchant Account CBD?
CBD is a compound which is one of more than 100 cannabinoids. This CBD compound is found throughout the hemp and cannabis plants. The most crucial factor in cannabinoid is undoubtedly the level of tetrahydrocannabinol (THC). This is the main parameter which is responsible for the intoxication associated with the consumption of cannabis. That is why CBD does not generate any intoxicating effect because of the minimalist THC levels. In fact, this provides many of the health and therapeutic benefits. Even now, the research into its more potential with medical applications is still going on. In order to accept payments through the CBD website, you need a CBD merchant account. This high risk merchant account CBD helps you to easily accept and process those payments online.
What Is The Difference Between The Hemp And The Cannabis?
A CBD is found in both of the plants, i.e. hemp and cannabis. That means CBD oil can be easily extracted from both of the plants. But the primary factor that makes a difference between them is the tetrahydrocannabinol (THC) levels. Industrial hemp oil contains about 0.3% or fewer THC levels. That is why it is considered legal under government laws to cultivate the hemp plants, harvest them and process it into CBD oil and other CBD driven products.
While in the case of cannabis; it contains more than 0.3% of THC levels. That is why it is still illegal as per the government laws.
How To Get Started And Sell CBD Oil?
Selling CBD is now a lot easier and better as compared to like it was five years back. Thanks to the legalization with the Farm bill in 2018 and advanced internet services, now a business merchant can start selling CBD online with a high risk merchant account CBD. If your business is registered under EU or EEA, then you need to get all the license and permits to sell the CBD products. It is always necessary to go with a certified supplier with all the lab reports of all the CBD products.
After setting up all the primary requirements, it is time to set up the website so that all the CBD products can be readily available to every customer through the digital platform. Now the problem arises to most of the CBD business merchants is the card processing solution. Still, most of the financial institutions and banks consider CBD as a high-risk business. That is why they make a quick denial of the application as soon as they see the word CBD.
But now this will not be a concern for you. We at Quadrapay are working with the team of CBD industry experts which are well experienced with the processing payments for CBD oil products and services. In fact, the procedure to apply for a high risk merchant account CBD is simple and straightforward. A business merchant have to fill the merchant application form and submit the documents for verification procedures. After approval with a payment processor, your account will be live to accept credit card payments for CBD oil.
For more information to get started selling CBD oil with high risk merchant account CBD; mail us your query at [email protected].