A dedicated team will provide guidance and support to provide acceptance in as little as two working days
Value Payment Services
Security And Support
Our services go beyond card acceptance as we help you to confidently grow your business and meet your customer needs
Paykings is almost exclusively a high risk merchant provider. This means that almost all of the businesses that they work with contain some element of risk. With that, they have a lot of experience processing for high risk businesses.
You regret to inform them that your business does not accept credit cards . The customer, without any cash on them, then has to put the product back and walks out of the store, not likely to return. They’ll find somewhere else, like a gas station, that accepts credit cards to fulfill their CBD needs. They prefer to pay with card, rather than going to an ATM to get a cash advance.
So, being able to accept credit cards really will turn into countless purchases down the road as customers know they are able to use a credit card and come back to your business because of that convenience.
Think about the necessity of accepting credit cards this way: Each customer that you have to turn away because of your inability to accept credit card payments is a purchase lost. But, how many sales are you actually turning down in the long run?
No rate increases
Every processor you’re finding, though, has high fees that will take advantage of you for years. They know you’re desperate and think they can make a ton of money off of that desperation.
You could just accept cash, like plenty of other CBD businesses, but that would severely limit your customer base. You could stick out amongst other CBD stores, or do exactly what they are doing.
Does Stripe accept CBD payments? Does Stripe allow CDB sales?
What should you look for in a processor?
Up until the trial testing of a CBD processing option, Square has refused to process the payment of the majority of high risk businesses that try to process with them. For the few that have gotten Square to process their purchases, they found that Square would many times hold their funds and take a while before finally clearing the purchase and allowing the funds to go through.
Or, maybe this is more relatable to your business: Sales are going great, and you accept payment from both credit cards and cash. The business is growing and more customers are coming in each day.