2nd Half of 2020 CBD Merchant Processing Options
Wow, what a chaotic year 2020 has been so far. COVID essentially shut down the momentum of entrepreneurs getting into the CBD space. Tradeshows came to a halt and the number of requests I get for consulting help went down dramatically as well.
However, even through we’re currently navigating through these times, things are starting to pick back up again. Luckily, there hasn’t been a decrease in the number of banks that allow CBD merchant processing. Rates are still around the same and approval times aren’t too long.
The Rise of Online
I remember a while back when people were having so much trouble getting a merchant account for their online store, they were making the decision to do brick and mortar only instead. Today, I’m hoping they had made the time to stand up an online store because of COVID basically shutting down physical foot traffic.
I’ve seen a number of stores successfully stay afloat with their curbside pickup. A number of ecommerce platforms had releases or free plugins that would enable this feature for online stores who have a physical presence.
If you need help setting up curbside pickup or a merchant account, contact me and I’ll be happy to help get you started.