PaymentCloud: Your Best High Risk Merchant Services for CBD

29 March 2021

PaymentCloud is one of low-cost payment processing solutions for businesses, particularly those in the CBD and hemp industries.

Choosing the right payment processor is obviously one of the most important decisions you can make. The last thing you want to worry about is getting paid. PaymentCloud is a stress-free solution that allows you to spend time on your business without chasing up missed or late payments.

Many large and small businesses now use PaymentCloud because of their thoughtful client-centered approach, but there are a few more reasons why you should seriously consider becoming a PaymentCloud CBD business.

Fast Deposits

For all card types, PaymentCloud provides next day funding. This is obviously important for cashflow, and PaymentCloud understands this. All businesses have bills to pay and waiting for payments to process on time – when you are expecting the money to appear in your bank account – is very frustrating.

Innovation and Advanced Technology

PaymentCloud’s financial products are industry leaders and their innovative use of technology has allowed them to provide PaymentCloud CBD businesses with customized solutions that take the hassle out of payment processing. The high-tech products include wireless, countertop devices, PIN pad options and the most advanced EMV Smartchip technology. There are also mobile processing applications and hardware, advanced tablet point-of-sale systems and encrypted online payment gateways. PaymentCloud consultants will evaluate your requirements and advise you on the best solutions for your business.

Dedicated Account Service Representatives

All PaymentCloud account representatives are highly trained in all aspects of the business. They can advise you on merchant services, product specifications, pricing, and any tech support you may need. When you first establish your account, PaymentCloud will assign an account representative to be your focal point. Your rep will set-up your business so that you can begin to process payments with PaymentCloud. The first priority is always your satisfaction.

Competitive Rates

PaymentCloud offers great rates for payment processing, including very reasonable leasing rates for terminals that accept key-in or swipe customer transactions. Your account rep will work with you to ensure that you get the most cost-effective rates. You can even ask for a cost comparison to see how you can reduce your costs.

CBD Merchant Accounts

With more positive research and continued demand for cannabis products, there appears no limit to the future of the industry. The market has become inundated with CBD and hemp products that are developing a wide appeal as new diverse markets are continually added. Becoming a PaymentCloud CBD business is great if, for example, you are selling CBD oil. It is one of the most diverse products – used for anything from calming agents to pain relief, and from face cleansing to coffee.

CBD and Hemp Oil Risks

The main reasons to take care when starting a CBD and hemp oil business are chargeback risks, legal issues, and risks to business reputations. Becoming a PaymentCloud CBD business helps to mitigate these risks because PaymentCloud specialized in high-risk merchant approval. If your business has been flagged, PaymentCloud may still be able to support your business. Your business will also not be penalized – as some banks do – if you are involved in the sale of CBD or hemp products.

The Right CBD Payment Processor

Many CBD and hemp products now have widespread acceptance in the retail space. Hence, many CBD payment gateways have been authorized. PaymentCloud reps will help ensure that your merchant account is opened with a minimum of fuss so that you can start receiving payments almost immediately. Your CBD gateway, whether a physical terminal or an online gateway, can be up-and-running 24 hours after set-up. PaymentCloud is compatible with all third-party gateways and many e-commerce platforms such as WordPress, BigCommerce, Shopify, Magento, WoodCommerce, Volusion, PrestaShop and many others.

When your merchant account has been approved and set-up to start processing payments, you should put a strategy in place to minimize the risk of chargebacks. This will save you money, of course, but it will also ensure that your account remains in good standing.

CBD and hemp products supported

  • Beauty products and skincare
  • CBD pet-care products
  • Cannabis oil and tinctures
  • Sprays, including pain relief
  • Tea
  • Supplements
  • Capsules
  • Hemp oil

PaymentCloud CBD processing

PaymentCloud has a strong customer service focus and this means they serve their PaymentCloud CBD businesses with the same attention and care they have for their other business customers. It is fair to say that this is not always the case with other service providers. PaymentCloud works 24/7 to ensure the integrity, safety and speed of the payment process. PaymentCloud knows the CBD industry and there is no better example of this than when new legislation is passed and PaymentCloud updates accounts to reflect the changes. It is almost certain that increased demand and new laws mooted for many jurisdictions will mean that CBD businesses need experienced partners. Becoming a PaymentCloud CBD business is the right choice for your CBD payment processing.

What other payment processors can you choose from for CBD?

There are multiple payment processors you can use for processing CBD orders, choosing the right one depends in muptiple factors such as your location, the amount of orders and other things. Feel free to check our more in-depth article about cbd payment processing where we compare different providers.

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