Let’s face it: as a tobacco retailer, you know it isn’t always easy to operate your business in the tobacco industry. You’ve been through all the ups and downs, good times and bad, and yet, that doesn’t stop you from managing your shop the right way. So, while you’re considering what practices will best help your business grow, why not consider investing in a POS system? Specifically, a tobacco store POS.
If you’re selling CBD products online, you may have considered processing with Square payments for CBD. Square’s one-size-fits-all eCommerce solution is popular among small low-risk merchants, but its CBD solution is still a work in progress. As a result, Square CBD merchants may miss out on customized features and benefits from processors that specialize in the high-risk CBD industry.
Over the past decade, CBD has become wildly popular for its therapeutic properties. Whether it’s oil, lotion, or gummies — more and more companies are looking to cash in on the CBD craze. The tricky part? Finding a payment processing partner for this type of “high-risk” business can be difficult. Many CBD merchants have turned to Stripe CBD; however, partnering with Stripe comes with more restrictions than you can count.
We all know that when you own a business, it’s essential to offer multiple payment options to accommodate your customers’ preferences. This means choosing a payment processing partner that offers versatile options for effortless payments. In the past few years, Square has become a game-changer for many small merchants, bringing more flexibility to payments, especially with mobile devices. So much so, that there is now Square chargeback protection.
Since the passage of the 2018 Farm Bill, which eased federal restrictions on low-THC hemp-derived products such as cannabidiol (CBD), U.S. product sales in this category have soared, reaching $4.7 billion in 2020 and projected to hit $16.8 billion in 2025, according to the Brightfield Group.
Stripe is one of the largest eCommerce payment processors in the U.S. and elsewhere. They primarily offer payment processing software and application programming interfaces for eCommerce websites and mobile applications. Working in various industries, including retail, B2B platforms, SaaS, non-profits, and more, Stripe advertises that their software helps create a holistic eCommerce experience that allows companies to accept payments and manage their business online. So, how long does Stripe hold funds?
We’re starting 2021 off on the right foot by announcing a partnership with Zendrop, one of the world’s leading e-commerce platforms for high-volume drop shippers based in the USA.
Shopify is one of the best options available to start or expand your business online, whether it’s an established industry or something many would consider “new.” While CBD is legal in the United States, it’s by far still in the “new” category as the industry regulations, as well as how it’s marketed and sold online, are changing regularly. That said, according to Shopify’s website, owners are allowed to sell CBD on their platform:
Shopify is a Canadian eCommerce company headquartered in Ottawa, Ontario. The company was founded in 2006 and is one of the world’s leading hosted eCommerce platforms. The Shopify platform hosts over 600,000 active stores, driving $82 Billion worth of sales across many different industries. Shopify is one of the largest and best platforms available to build an online store for small business owners.
To say the firearm industry is growing in the US is a huge understatement at this point. Guns are flying off shelves nationwide, and there’s been a near-critical ammo shortage for most of 2020. Year-to-year, the industry has grown by over 7.5%, compared to a projected 2.3% before the COVID-19 pandemic, which spurred a surprise growth period in 2020. There has been a record in background checks in 2020 with 16.5 million from January to October 2020, which broke the previous full-year record of 14.9 million in 2016. Consumer demand is growing overall and online sales of firearms, ammunition, and gun accessories are also increasing exponentially. Online FFL Credit Card Processing transfers, in particular, are growing at a tremendous rate amid the pandemic due to consumers who want to purchase firearms from the safety of their homes.