So many people associate CBD oil with marijuana and think that it is cash only sales. First, even the marijuana business is starting to move away from the cash only business. Second, you know since you are in the CBD oil business that it is from the marijuana plant but doesn’t contain THC. There are some oils out there that do contain THC though, but are you stopped from being able to use a third party payment provider if you sell THC free CBD oil?
The answer is no, but it is a little more complicated than that. You see, CBD oil is listed as a product that can put your business in what is called the high risk category. Do you only sell CBD oil and related products? The reason I ask is because it would be a bummer if the rest of your business wasn’t high risk, but you took on CBD oil as a product and had to pay higher transaction fees across the board.
You are in the cbd oil credit card processing, however, and you are wanting to know how you can use a third party payment provider. In your own search and with applications to credit card processing companies, you may have become a little frustrated. However, you need to realize that you can go about this a little differently. First of all, if you think about it, there are plenty of other online sites out there that sell CBD oil and accept credit card payments.
With that being the case, why not see what payment providers they are using? You can turn around and apply with those companies. You can also look at a comprehensive list of payment processing companies. Perhaps you haven’t done that, and you instead decided to just apply with some of the top third party providers out there. These companies might place you in a high risk category or deny your application altogether.
You do want to go with the best company that you can find that will work with your business. You first need to be thinking about safety and security in regards to transactions, and you also need to be thinking about how much you are going to be charged per transaction. There are of course other fees to consider, too, but the bottom line is that you are going to be able to get a payment processing company to work with you when selling CBD oil.
It may not be the easiest thing in the world to do, but other site owners have had to do it. You will find the right company, and they will help you set up everything on your site so that you can open up for business so to speak. Take a good look at the list of companies available, and see what you think about which ones are going to be best for you when it comes to working with credit card processing companies.