Payment processing remains a major problem for all businesses trading in legal cannabis, CBD and hemp products. Much of this is due to US law. Major banks and financial instititiions which stand behind payment processing providers refuse to get involved in the market because of uncertainty how federal law will affect them, even outside the US itself.
Cannabis Professionals is now able to refer to two payment processing companies which will provide their services to businesses in this market. With both these providers everything is above board and they understand what products are involved. There is no need for psuedonyms, euphemisms or to be anything but entirely open about your business.
Fees remain high, as do terms and conditions which may include holding back a percentage of your revenue as a deposit against chargebacks. Our advice is to shop around, negotiate hard and if you do run into any difficulty contact CannaPro for advice.
Jordan Noon | Senior Business Consultant
Nichole Ooten, Sales Coordinator
P | +1 866-518-2216 ext 3034 F | +1 888-209-3169