As the marketplace is becoming more digital, payment providers have the unique opportunity to tap into the minds of merchants in order to gain valuable feedback, significantly improving their product development. Merchants are currently faced with an onslaught of pressure from tech-savvy consumers, especially young “digital-first shoppers”, to provide smartphone electronic wallets. Acquirers have had to scramble to find ways...
Real-time payments or (RTP) has become the latest catchphrase in the payment industry. It’s growth in popularity is attributed to its ability to provide speed, safety, as well as convenience. RTP has a lot to offer. It makes funds available immediately, the settlement is finalized, there is an instant confirmation, and “integrated information flows”. All this is included with the...
So, you have created an innovative, high-quality CBD product and you’re ready to bring it to the market. After testing for safety and compliance, you’re now ready to create the label. You’ve put together a list of profound benefits, but are unsure of what you can say and what you cannot say. Of course, you want your product’s unique selling...
Over the last few years, as CBD has grown in popularity, more and more scientists have jumped into researching the benefits of using this substance for medicinal purposes. So far, they have found that it can help treat conditions like pain, insomnia and anxiety. It has also been found to help suppress seizures by slowing down messages to the brain...
Online sales are growing all around the globe. The majority of customers like making payments via credit cards, so you can’t do without online payment processing for your CBD business. This article is about obtaining a secure and cheap CBD merchant account to accept payments online. Credit Card Processing for a CBD Business The risks associated with CBD businesses make...
With the controversy that still follows the CBD industry around, it probably comes as little surprise that CBD products have been pushed in the high-risk category by traditional providers. Leary of the reputational risks and shaky regulations, they are simply unwilling to provide their services to CBD merchants. As a result, merchants find themselves with little to no options, and/or...
In a company announcement, Florida-based Summit Labs voluntarily recalled its Kore Organic Watermelon CBD Oil Tincture 30 ml bottle. A random sample tested by The Florida Department of Agriculture Consumer Services found the product to contain lead at levels of 4.7 ppm. When another sample from the same batch was tested, they found only .5 ppm, which falls within the...
The payment industry has been evolving at a rapid pace in just the last few years. So much so, that small businesses and merchants have had difficulty staying current with all of the payment industry’s best practices and standards. The newest standard that is certain to impact many businesses for the better in terms of efficiency is the current integration...
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...
Payment integration saves time, decreases human error, and increases cash flow. For small businesses, the ability to accept credit cards is a fundamentally important decision. By only accepting cash as a form of payment, you will be missing out on a large portion of sales. In fact, in a 2016 consumer payment study conducted by TSYS, found that only...
