CBD Credit Card Processing: 2023 Edition
Understand how credit card processing works for CBD merchants: fees, compliance requirements and finding a CBD‑friendly provider.
Understand how credit card processing works for CBD merchants: fees, compliance requirements and finding a CBD‑friendly provider.
With a new year comes new sets of regulations and guidelines. As a business owner, you're constantly tracking the pulse of how new regulations will impact your business, and BankCard is here to help. About a third of U.S. states have legalized recreational marijuana use (Arizona, Mississippi, Montana, New Jersey, and South Dakota being the most recent additions), which prove there have been great strides in lifting marijuana and cannabis restrictions. And with more conservative states like Arizona, Mississippi, and South Dakota legalizing marijuana use, the push to legalize on a federal level is getting stronger.
See the key hurdles CBD businesses face with merchant accounts including regulation, bank risk and payment provider refusals.
Discover how the 2018 Farm Bill changed payment options for CBD businesses and what legal protections it provided.