Are CBD & Hemp Sales Considered High-Risk?

The CBD and Hemp spaces are almost universally considered to be a high-risk industry. When determining whether or not a business is classified as high-risk, financial institutions examine a variety of factors.

Even though most states allow for the sale of THC-free CBD products, the legal guidelines vary greatly. On its own, this inconsistency is enough for many banks to deem CBD and Hemp businesses as high-risk. Considering that the product category is relatively new, financial institutions are even more discouraged from backing businesses in the CBD space.

If you find a traditional financial institution that is willing to accept the risk, they will likely charge ridiculous fees. Worse yet, these institutions often place restrictions on the high-risk accounts they house that will hinder your ability to effectively do business.

Teaming with our experts is the more practical solution. Paybotic provides payment processing services without crippling costs and restrictive merchant agreements.

 

The Benefits of Partnering with Paybotic

Paybotic is not your average payment processes service. We set ourselves apart from the competition by providing a range of unique offerings and quality support. The benefits of working with Paybotic include:

Debit Processing

Accept PIN-based transactions. Give your customers the convenience to withdraw money in your store.
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eCheck/ACH

With our secure gateway, create and process Electronic Checks, send Email Invoices, and even Accept Payments Online (or integrate into your current systems via API).
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Cannabis Payment Processing

Navigating cannabis payment processing is a challenging operational task. We're here to help your dispensary accept payments in the most cost-effective manner.
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Smart Safe Depository Banking

Smart Safe is an end-to-end cash storage and banking solution built for the cannabis industry.
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Paybotic Text2Pay

Paybotic's Text2Pay solution is an easy-to-use and secure payment platform to complement all currently accepted payment solutions.
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Cannabis & Hemp Business Insurance

Paybotic has partnered with a leading insurance provider to offer a complete portfolio of insurance products for businesses in the hemp and cannabis industry.
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Gift Card Programs

Our gift card program solution is a simple way to strengthen your business's brand and revenue.
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Merchant Cash Advance

Use merchant cash advances for a super flexible and easy to manage solution as an alternative to a business loan.
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Cannabis Banking

Don't let the legal stuff wear you down. Paybotic's banking program solution will jump through those hoops for you.
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