Things seemed to be looking up when Elavon, a large payment processor owned by US Bank, started accepting CBD merchants last year. Elavon’s rejection of CBD reverberated in the CBD beauty and wellness category as scores of brands and e-tailers relied on the processor’s services to sell products digitally. Elavon’s decision has sent shock waves throughout the CBD payment processing sector, as many high risk merchant account providers began boarding merchants through Elavon after the company quietly began approving CBD merchants earlier this… 4 Reasons Why Elavon Dropped Your Merchant Account: #1 Because of the regulatory environment and the uncertainty surrounding it #2 US Bank #3 Cannabis Merchants #4 Chargebacks Read more: https://lnkd.in/gq_pu7y #Elavon #CBD #Hemp… The stability that the 2018 Farm Bill was supposed to bring to the CBD and hemp industry remains elusive, particularly on the banking front. S & S was the company that convinced Elavon to enter the CBD space. We took on the responsibility of helping monitor our CBD customers and keep them in compliance. Visit the Joy Organics blog today for the latest information about CBD products, news, information, resources, recipes, marketing, wellness, and partners.CBD Payment Gateways - Organic Payment Gatewayshttps://organicpaymentgateways.com/cbd-payment-gatewaysNeed a payment gateway for your online CBD shop? Get set up today! We can offer you the CBD payment gateways that work best for you and your customers.
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With this always comes scrutiny and regulations by regulatory bodies and the financial sector. Banks and processors are often hesitant to support CBD products.
Read more about CBD marketing and how advertisers can navigate the rapidly-evolving landscape. Organic Repayment Gateways Announces a “CBD Shutdowns: What To Do Next” Support Program After Leading CBD Cpu, Elavon, Provides United States CBD Merchants 45 days to Discover Other Solutions. Many CBD companies, including us, are facing a potential setback as we lose access to the merchant processor that makes selling our products online possible. For companies like Equilibria, the science is crystal clear. Cannabis, and in particular Cannabidiol (CBD), has some very impressive health benefits. CBD has a good track record in treating ailments like depression, anxiety, and chronic… Payment and compliance issues for CBD products will now be resolved as LegitScript will issue certifications that are compliant with the regulations of the DEA, FDA and USDA. Companies to register with LegitScript for easier payment options…
Elavon Inc., formerly NOVA, is a processor of credit card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30
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