Do You Need CBD Credit Card Processing to Sell Hemp Online?
By: Rachel Saab
Are you ready to sell hemp CBD online?
The CBD industry is one of the fastest growing spaces worldwide. It is estimated to be worth 13.4 BILLION by 2028.
Chances are, you want a piece of the pie.
Here’s the thing:
Selling hemp online is a whole different ball game. Publishing your CBD e-commerce store and taking payments isn’t as simple as it sounds.
(If only it were that easy)
As it turns out, you need a CBD credit card processor.
In short, a way to process online transactions on your site securely.
If you’re thinking that you can just use any option like PayPal or Stripe, well, let’s just say it’s just a matter of time before your business get shut down.
Keep reading to learn more about setting up your online CBD store.
Selling Hemp Online is High Risk
Why do you need a CBD credit card processor in the first place?
Unfortunately, despite the 2018 Farm Bill hemp is still considered high risk to online merchant services.
As in:
Payment processors such as Stripe, PayPal, or Venmo do not accept CBD brands.
But wait, there’s more:
Not only do they not work with CBD businesses, even if you do manage to slip through the system, it’s only a matter of time before they shut you down.
On average, this can happen anywhere between a few weeks to a few months.
The more money your store is making, the more likely you are to get shut down.
Worse yet, not only do you lose the ability to process payments on your website, you will also be added to a banking black list.
Your social security number can even get flagged.
CBD business owners are often completely unaware of this before it is too late.
Do not leave your store up to chance!
There is a better way.
CBD Credit Card Processing 101
In order to secure your online hemp store, you need a CBD credit card processor.
As mentioned earlier, going with one of the big players PayPal or Stripe is a no go.
The best alternative is to sign up with a CBD friendly payment processor.
Here’s where things get tricky:
In order to sign up, you need to complete an application.
For many high risk payment processors, if your store is not making over $10,0000 a month they will not even consider your application.
Talk about being stuck between a rock and a hard place!
If you are a new business owner, how can you hit those numbers when you are just starting your online store?
Not to mention:
Even if you do find a CBD credit card processor that does not have those requirements, you want to make sure it is secure.
With a booming industry can come some shady characters.
CBD entrepreneurs need to be wary of offshore payment processors which can put your whole business at risk!
So what is a budding business owner to do?
Secure CBD Credit Card Processing to Sell Hemp Online
If you’re tired of getting the run around and you want to sell your hemp online securely, we’ve got you covered!
420 Web Designs has successfully connected CBD store owners and hemp farmers with secure payment processing since 2018.
In fact, we’ve run into ALL of the brick walls so you don’t have to.
If you’re ready to stop guessing and start growing, let’s connect!
We work with a number of CBD credit card processors to help you get up and running ASAP.
People need your products.
We want to help you get your products in more people’s hands.
If you purchase a compliant hemp CBD website or re-design from us, we will instantly connect you with a secure payment processor.
Keep in mind this application process may take a few weeks.
Therefore, we recommend getting started sooner rather than later.
Interested in learning more? - SEE OUR CBD WEB DESIGN EXAMPLES HERE
Or, leave us a comment below.
While this industry presents many challenges, with persistence and the right game plan, you can succeed selling hemp CBD.