Results 1 to 7 of 7
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12-07-2021, 03:09 AM #1
- Join Date
- Nov 2021
- Posts
- 5
CBD Payment Processing in Europe
Merchant accounts for CBD processing are a focus of PurePay’s and we can help you find the right bank and the right terms needed to get you credit card processing.
Fees that PurePay will charge depends on factors like Processing history, method of sales, Countries, Volume of sales, and products. All CBD Merchant Accounts are unique but included terms stays the same for most:
Merchant discount rate
Transaction fees
Monthly gateway fee
Four and a Half – Six-month rolling reserve (Depending on bank)
Chargeback fee
Refund fee
Contact us here: https://purepaypayments.com/Purepay Payments Limited
+44 2080 898335
team@purepaypayments.com
https://purepaypayments.com
Canada House, First Floor, 20/20 Business Park, Maidstone, Kent
ME16 0LS United Kingdom
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12-07-2021, 08:08 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
A Better Payment solution for Cananbis-CBD-Kratom is to eliminate any connection to the Card Brands.
Even Square (CBD Processing) is placing obstacles to accepting Visa-MasterCard by imposing a 30% hold-back
A closed loop payment is a transaction in which a client uploads money into a spending account that is linked to a payment device.
A good example is the Genie Virtual Prepaid Cash Card . A closed loop payment can only occur between a spending account and a single, specific company.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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12-07-2021, 09:49 AM #3
- Join Date
- Feb 2017
- Posts
- 3,463
Dave's solution is not better. It's different. There are many many many USA banks out there doing CBD with normal processing rates.
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12-07-2021, 12:29 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Please disclose what Sponsoring-Acquiring Bank is processing CBD as a low risk merchant - unless they are mis-coded which is a polite way of saying
the bank application was falsified
This is Squares pricing - https://squareup.com/us/en/solutions/cbdDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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02-04-2022, 01:02 PM #5
- Join Date
- Feb 2021
- Posts
- 2
Cbd processing in eu is lot easier then us
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02-04-2022, 01:29 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Only the uniformed or newbies think that - Visa - Master Card Core Rules & Regulations do not differ much from Region to Region of the World.
CBD is a gray area - while there a several USA Sponsoring Banks that will board CBD - it is risky at best.
Past history will teach us a little - USBancorp - Not a small bank - after 6 months of boarding CBD determined that since CBD was not legal in all jurisdictions, they would cease boarding.
That remains an issue - Plus - the Card Brands have not issued a MCC/SIC for CBD
Even Square which has a CBD Beta Program is dropping CBD merchants - quietly and/or is imposing up to 30% Reserves.
The main issue with going off-shore - many ISO's will not disclose the name of the processing bank and when reserves are imposed - who is holding the $$$Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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09-21-2022, 07:38 AM #7
- Join Date
- Sep 2022
- Posts
- 9
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