your merchant account is completely shut down without notice and all sales come to a halt because many of the payment processing companies consider the CBD oil merchant accounts to be too high of a risk to process.
You have a lapse in payments coming in and your bank account isn’t getting enough funds. Now you owe your bank more money while you have no money coming in from sales. Your CBD oil merchant account has been completely frozen, you have no access to the funds, and your customers start going elsewhere.
Businesses that are considered high risk have to know who the right CBD merchant processors are. Those high risk merchant account providers, like eDataPay , that are willing to process transactions for your high risk business are offering solutions to those merchants like yours in the CBD oil industry – and for merchants who need a payment gateway for CBD. These CBD payment processors are able to get you set up with debit and credit card processing because they are willing to accept the liability for the increased risk associated with your high risk business.