Tier 2 Cannabis-Related Businesses

Accept Credit Cards Without Fear of Disruption

Now that cannabis products are legal in most states, either medically, recreationally, or both, numerous ancillary businesses have built up around it. Simultaneously, a host of long-standing businesses have diversified, seeing in the cannabis space an ideal market for existing products and services.

Contact MobiusPay for your CBD Merchant Account Now!

MobiusPay Makes Accepting Credit Card Payment Easier for Your Business

HIGH-RISK BY ASSOCIATION

Unfortunately, because the cannabis space is regarded as high-risk by the banks and card brands, businesses that don't even touch the plant are being dropped by their payment processors--whether they're processing with an aggregator like Stripe or PayPal, or they have their own merchant account.

This is occurring because processors are running algorithms that crawl clients' digital storefronts for compliance issues. To you, words like "cannabis" or "marijuana" or "THC" are industry terms and marketing jargon. To those algorithms, they're red flags. And when the red flags get tripped, processing stops.

PREDATORY PROCESSORS

We wish we could say that every organization offering your company a merchant account has your best, long-term interests in mind. Very often, they don’t.

Some misclassify businesses to get accounts approved at a bank that doesn’t want your businesses. In the end, when the bank’s underwriters identify the deception, your account is shut down, and your funds are held.

Some tell you that you need a high-risk merchant account when you don’t. High risk merchant accounts are associated with higher rates and fees. The merchant account provider earns more money because every transaction is costing you more than it should.

MobiusPay Has Been Helping Businesses Like Yours for More than a Dozen Years

* Fast Turnaround * No Surprises * White Glove Service * Easy Onboarding*

Banks look at everyone working in the cannabis space differently, even if you’re merely “cannabis adjacent,” and not even touching the plant. There is additional scrutiny and suspicion. There are more compliance checks. It can make the prospect of accepting credit card payment a lot more daunting than it should.

For MobiusPay, working with businesses like yours is our main focus. We've been doing this a long time. You're in good hands. Contact us today.

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