Right now the CBD industry is growing at a very fast pace and it is expected to keep growing at a similar rate for the next couple of years. This generates a huge demand for payment processors that are needed to cater the requirements of various CBD oil merchants. Unfortunately getting a CBD oil merchant account is not always easy.
lets first understand why it is difficult to get a CBD oil merchant account in the United States. Its difficult to get a CBD oil merchant account in United states because most payment processing companies will simply say no to this business model because of the complexity around the industry.
Now let’s look at why getting a CBD merchant account in European union is easier than United States of America. In the recent past the EU Parliament has made multiple discussions regarding the commercialization of CBD oil in the European market. They have made clear statements regarding what can be sold and what cannot be sold so if a merchant is located in the European Union and is selling CB oil that is lab certified to have thc percentage of less than or equal to approved value then that merchant may be approved for Credit Card processing.
However in the United States this kind of rule is not yet implemented. Still merchants located in in the United States can approach Offshore payment processing companies and try their luck to get approved for a CBD Oil merchant account. There are other ways of accepting payments for your CBD oil website one way would be electronics check or echeck. With echeck your customers can make payment by using the bank account. The other solution which is widely popular among CBD oil merchants is cryptocurrency payment gateway.