You know how frustrating it can be if you’ve ever received a chargeback on your Venmo or Paypal account. It’s also possible that you’ve never heard of chargebacks at all, so you might be confused about what they are and how they work. What Is A Chargeback? A chargeback is when a customer disputes a…
It’s no secret that cannabidiol (CBD) is becoming more popular daily. You may have seen it for sale on many ecommerce websites, but can you sell CBD on Facebook? You might even be thinking of starting a business that sells CBD products. Digital advertising on social media platforms like Facebook and Instagram can be valuable…
Amazon is everywhere, and this retail juggernaut is an enormous part of our economy and lives. Like all businesses, Amazon restricts what you can sell. These restrictions hit many products worldwide, including CBD. While the substance is legal in the United States, various restrictions still impact this business sector. If you want to sell CBD,…
Unless you’ve been living under a rock, you’ve seen it: CBD has turned into a multi-billion-dollar industry. And for a good reason: Many people have found that CBD can help them with various physical and emotional ailments. CBD’s rocket-like success is made all the more remarkable because it’s relatively new, having been legalized for sale…
There are several factors to consider when calculating the amount of THC in your product. We’ll walk through them one by one and explain how they affect your results. THC calculation is complex. This is a complex topic, at best. You see, THC is not stable in samples, and it’s even more challenging to determine…
If you’re looking for a CBD product, a Certificate of Analysis (COA) is the best place to start. This document tells you what’s in your CBD oil and can help ensure that your purchase is safe and legal. But how do you know if a COA is recent enough? How do you know how long…
No matter what kind of cannabis lab testing you do, the most important thing is to get the information. That’s why we’re here! Let me help you understand how THC is measured in COA reports and how that can be used to make more informed purchasing decisions. How do I read a cannabinoid test for…
Introduction If you’ve ever wondered what the difference is between a merchant account and a payment gateway, you’re in luck. In this post, we’ll explain everything about the two so that you can decide which one will work best for your business. The Difference Between Merchant Accounts and Payment Gateways It can be confusing to…
Can you sell CBD products on Squarespace? In short, yes. You can sell CBD products on your Squarespace website. That said, if you’re wondering whether Squarespace plays a role in the process, the answer is no. Squarespace’s native payment processing doesn’t allow CBD payments, but there are legal ways around it. Because of the varied…
In 2018, CBD sales became legal. This product — which may be able to help people with various ailments — has become wildly popular in record time. It’s reached billions in sales and helped people address many physical problems. However, it remains shrouded in controversy. Many merchants aren’t familiar with CBD and get confused by…
Few businesses today can thrive without an effective method of payment processing. It doesn’t matter if your business operates solely online or if you’re a brick and mortar business in a small town, cash is no longer king where customers are concerned, and you need to be able to accept multiple alternative payments to keep up with the demands of your…
Retail merchants have many options available to help curtail the costs of credit card processing. Two of the options many retailers are considering these days involve zero fee processing for credit cards or offering cash discounts. Understanding Zero Fee Processing Instead of paying the fees associated with processing credit card transaction, your business passes them along…
Small business owners know, all too well, that every dollar and cent matters for your bottom line and profitability. It’s long been accepted that credit card payment processing fees were a necessary evil when doing business if you want to provide customers with the convenience of using credit cards. However, new rules allow businesses the ability to…
Venmo payment declined! Those are words that no one wants to see when you are trying to send or receive funds through this person-to-person payment app. Since its founding in 2009, Venmo has become an invaluable payment portal for consumers and business owners worldwide. Its convenient platform allows users to make payments and share funds…
The ACH return code R15 indicates that a financial institution has received an ACH (Automated Clearing House) entry that duplicates a previous entry. This code is used by the RDFI (Receiving Depository Financial Institution) to notify the ODFI (Originating Depository Financial Institution) that the entry has been returned.“Return of XCK” refers to the terminology used…
ACH code R33 refers to the Return of Erroneous Debit Entry. This code is used by receiving depository financial institutions (RDFIs) to return an ACH debit entry to the originating depository financial institution (ODFI) because the entrance was incorrect, was not authorized by the receiver, or was a duplicate entry.This code is used when the…
ACH code R34 is a standard entry code that represents a return of an erroneous credit entry. This code is used by the receiving depository financial institution (RDFI) to return a credit entry that was mistakenly credited to a receiver’s account. There are several reasons why a credit entry might be returned as erroneous, such…
ACH code R35 is a standard ACH return code that indicates that an ACH debit entry has been returned because it was improperly initiated or was not authorized by the receiver. This return code is used by the receiving depository financial institution (RDFI) to notify the originating depository financial institution (ODFI) that the debit entry…
ACH code R41 refers to a return entry for an Automated Clearing House (ACH) transaction. Specifically, it indicates that a bank draft, also known as a cashier’s check, has been presented for payment, but the payment has been refused or “non-accepted” by the receiving bank.There are a few reasons why a bank might refuse to…