Gone are the days when accepting cash only was enough for a business to thrive. Customers need options which is not just limited to services but also to payment options. A merchant account is mandatory to accept credit cards. Getting one is easy unless you happen to be categorised under the high risk category. CBD merchants being one of those that have massive trouble trying to approach a bank and get approved for regular merchant account services. But in the recent times, many top rated providers have opened up to offer high quality services to CBD businesses as well. Be careful though. As many among these might not exactly cater to your needs or leave you hanging when things get difficult. In order to choose the right CBD merchant account provider, make sure you tick these boxes before settling for one:
Credit cards is an obvious choice but that's not the only option. Various payment methods are on offer that customers prefer to use. But you must choose the payment option that suits your CBD business the best keeping in mind your demographic audience. Add-on Features Customisation of merchant account is a must for any business. The provider must be able to offer add-on Features and services that your business might need. Services like Chargeback protection tools, fraud prevention measures, PCI DSS compliance, 3D secure payment gateway should be provided. Rates and Fees CBD merchants must be extremely careful with regards to the rates and fees charged by the processor. As a high risk CBD business, you will be charged more than a regular account but make sure you are not being charged unfairly either. Ask about any hidden fees or extra rates that you might incur when you approach a provider. Industry specific provider Since legal issues are a regular within the CBD industry, a provider who knows the workings and is experienced enough in dealing with such matters will prove to be of huge help to your business.
InternationalBankServices.com, headquartered in London, U.K., offers customized and affordable merchant account services for all business sizes and types. InternationalBankServices.com establishes strong relationships with our merchants as well as our banking partners for long term success. We are one of the best CBD merchant account providers for small businesses in all of UK and Europe including :