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Cleffo offers a trusted CBD merchant account. Apply today for our payment solutions, which allow you to start CBD payment processing in all regions worldwide.
The CBD and hemp industry has experienced remarkable growth in recent years, with businesses offering a wide range of products from oils and tinctures to edibles and topicals. However, despite its legal status in many regions, the CBD industry is still classified as high-risk by financial institutions and payment processors.
This high-risk classification can make it challenging for CBD businesses to obtain traditional merchant accounts and payment processing solutions. At Cleffo, we understand the unique needs of CBD businesses and provide specialized merchant accounts and payment gateways designed to support your growth and success.
Law regulations around CBD often vary by country and state, creating potential challenges.
Many traditional banks hesitate to work with that business because of the complex legal issues.
You could face difficulties with CBD credit card processing due to higher chargeback rates and customer dissatisfaction or complaints.
Even though CBD is non-psychoactive, it is still linked to cannabis, which is illegal in some regions.
Misleading health claims can result in legal issues and other problems.
Some financial institutions are concerned about reputation and potential legal problems.
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