CBD payment methods: Reasons for complexity
Regulators who approve EFT (electronic payment terminals) are very demanding and do not want their image linked to specific economic activities. These regulators are generally intransigent and do not distinguish between legal and illegal products as long as the notion of the products is closely or remotely linked to an "illicit" activity (e.g. pornographic industry is concerned by the same problem).
How to accept online payments as a retailer of CBD products?
With the interest of supporting our retailers in this matter, we have developed a payment solution in partnership with a European bank that allows online (and physical) payment.
Which establishments refuse to accept cash for CBD products?
As far as we know, no French bank offers an online payment solution for their customers selling CBD products. Here is a non-exhaustive list of banks that it is useless to contact to try to obtain a virtual TPE:
- Caisse d’épargne
- Banque populaire
- Credit du Nord
- Credit Agricole
Which online payment methods refuse online sales of CBD products?