Why Do Banks Consider CBD A High-Risk Industry?

Acquiring banks are uncertain of CBD payment processing in view of its link to marijuana. The hemp plant is comprised of cannabidiol (CBD) and THC. While THC is the psychoactive, painkilling compound in weed, CBD is a characteristic pain relieving with hardly traceable amounts of THC. The association itself, we’ve found, is sufficient to drive away certain acquiring banks. Our acquiring banks accepting High Risk CBD Merchant Account, however, welcome CBD merchants with the correct criteria

Some of the features of your CBD merchant account include:

•             Multi-bank processing (including off-shore)

•             Secure payment gateway

•             Chargeback alerts

•             Chargeback disputes

•             ACH/Check 21 processing

•             Fraud prevention and protection

•             Competitive processing rates (below 6%)

As a CBD payment processor, iPayTotal works hand in hand with CBD merchants to protect their businesses from account closures, fraud, and chargebacks. We offer award-winning fraud and chargeback protection and have strong relationships with over 40 banks who work with high-risk merchants both in the United States and offshore.