So much has changed in such a short time. Just a few months ago, everything was business as usual. Today, the operations of businesses across all industries is dramatically different. As the COVID-19 pandemic has swept the nation, the daily lives of people have been altered and the workplace and business itself has shifted.
Without a doubt, the pandemic has affected every business type and industry. However, it has hit some companies harder than others and in different ways. The cannabis industry, for example, has always struggled with payment processing, but COVID-19 has presented a whole new set of challenges.
In the past, it has been difficult for these businesses to secure payment processing. Banks and traditional financial institutions simply will not work with cannabis companies because of the risk involved. As a result, many of these entrepreneurs have been forced to operate in cash only – incredibly inconvenient, not to mention dangerous.
To operate smoothly, many cannabis merchants have turned to high risk processors like emerchantbroker.com. The coronavirus has presented a new set of obstacles like shifting to a remote work environment. Thus far, the cannabis industry has shown that it is up for the challenge.
Turning Lemons into Lemonade
As shelter-in-place went into effect, cannabis companies quickly adapted to ensure the safety and health of their teams and customers. Employees began working from home, and collaboration tools and equipment were invested in to support them. As companies began to implement new technology, training also shifted to virtual demos and Zoom.
It has helped that dispensaries have been designated as essential businesses in many states. In fact, this designation has increased demand from consumers to be able to purchase products during these tough times – which has also put pressure on merchants. With everyone at home, merchants have had to do their research and find ways to sell their products to customers and transact electronically. They have had to pivot to order ahead options, curbside and delivery and e-commerce.
Cannabis Payment Processors
The only way cannabis businesses can provide their customers with credit and debit card processing is to create a CBD merchant account with a processor that specializes in high-risk accounts, such as EMB. Thankfully, payment processors like eMerchantBroker.com have made it much easier for cannabis merchants to enjoy quality services for marijuana payment processing. Considered the nation’s top high risk credit card processor, EMB is committed to offering the most affordable and secure merchant services.
If you are struggling to find the best cannabis merchant services to keep operations running smoothly during these uncertain times, consider partnering with the team of experts at eMerchantBroker.com.