Mygreen Merchant Services

  Although CBD business is super profitable, it has its fair share of risk in the online payment industry. CBD business is considered high-risk and that is why many banks and payment services providers do not approve many payments made for CBD products. That is when CBD Payment Processor comes into the picture. It provides a mechanism, free of hurdles, to ensure payments are made online smoothly. It can be intimidating for online stores, whose business consists of 80–90% of CBD products. As the payments made online for such products are more susceptible to rejections. The motivation to hire  CBD payment processor  increases even more in such a scenario.     H ere you will find out how CBD payment processor benefits you and why your online store needs it. Expanded Payment Options It not only proc e sses credit or debit card payments but also allows customers to purchase products through alternative payment gateways such as gift cards and bank transfers. It allows for flexibility as to h

Businesses are prone to changes and it is the flexibility of businesses to constantly adapt to the changes that help them in their survival. Similarly, the way businesses make payments is changing as many businesses are adopting digital means to conduct business. Despite the numerous advantages of online payment, it has its fair share of risks. Online payments are susceptible to excessive fraud. These risks underscore the importance of high-risk merchant accounts. High-risk merchant accounts High-risk merchant accounts are especially for those businesses that fall under the category of high risk. Such businesses are prone to chargebacks, frauds, and payment declines. Therefore, these businesses need high-risk payment processors to ensure credit card or debit card payments are processed smoothly. Given below is the list of few high-risk businesses that need high-risk merchant accounts. Collection agencies bankruptcy lawyers financial consulting online gaming fantasy sports websites Vape

  Before getting into the nitty-gritty let us know what is CBD and what exactly is CBD merchant account. CBD stands for cannabidiol. CBD products are made from the ingredients of cannabis (marijuana). CBD products are high-risk products and therefore payments made for these products are susceptible to major risks. Risks are that of legislation, risk of chargeback, and reputation risks.  A CBD merchant account is used to process credit card payments made for CBD products. These accounts fall under the category of high-risk accounts and face difficulties in getting approved. How to apply for the CBD merchant account  It is a very simple process you just have to follow these simple steps. Get the application form Fill in the important information such as company registration information, voided check from the depository account, details on the product being sold, and the Government Issue id. Accounts can be approved within 48 hours. When your CBD account is approved you can easily start t