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02-04-2022, 01:29 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,903
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
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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