Tuesday, March, 19th, 2019 at 7:26 pm by Joe Marshall
Categories: Blog Tags: CBD, cbd account shutdown, cbd merchant account, elavon, elavon cbd, elavon news, U.S. bank, US bank
Straight from the horse’s mouth… Elavon/ U.S. Bank just announced that it will stop accepting any and all new applications for a CBD Merchant Account, effective immediately. Compounding this news is the fact that in the same breath, they announced that all existing CBD business with an account through them, would be closed within 45 days (though, this is not concrete). The first thing I need you to do is this… DON’T PANIC… and whatever [Read More...]
Thursday, March, 14th, 2019 at 7:03 am by Joe Marshall
Categories: Blog, Credit Card Processing Tags: chargeback, chargeback reduction, ethoca, mastercard, Preventing Chargebacks
Mastercard is making a bid to help end “friendly fraud” and aims to help eliminate unwarranted chargebacks thanks to the recent announcement of its acquisition of Ethoca, the world’s leading provider of collaboration-based technology that enables card issuers, e-commerce merchants and online businesses to increase transaction acceptance, stop more fraud, recover lost revenue and eliminate chargebacks from both fraud and customer service disputes. That’s a lot of big words…but basically, it boils down to this… Ethoca [Read More...]
Monday, January, 28th, 2019 at 9:08 pm by Joe Marshall
Categories: Blog Tags: free trial, free trial rules, mastercard, Mastercard rules, negative option billing
Mastercard is about to roll out massive changes to their rules…and it could have a drastic impact on your business. Over the last few years, there has been a surge in free (plus shipping) and free trial offers, known as negative option billing, that automatically convert into monthly or annual subscriptions. It’s a fantastic way for you to get your product in front of your customer for free or a discounted rate and allows the [Read More...]
Friday, December, 21st, 2018 at 3:11 am by Brad Weimert
Categories: Blog
December 20, 2018- 2:30 pm (EST) President Trump signs 2019 Farm Bill into law. And for the first time in nearly a century , farmers and merchants will now be able to legally produce, transfer, and sell hemp based products. Industrial Hemp and CBD is now Legal with the signing of the 2019 Farm Bill CBD has been a hot button issue for the better part of a decade but CBD is not a [Read More...]
Tuesday, February, 27th, 2018 at 7:29 pm by Jackie Marroquin
Categories: Blog Tags: cannabis, CBD
Is your business one of them? With the rise of medical legalization, recreational legalization and also CBD adoption, the banking and credit card processing climate around cannabis has been volatile to say the least. Over the last 4 years alone, the ability to process credit card payments for marijuana and CBD has been allowed and disallowed several times. Generally, when a solution has cropped up (pun intended), it has been a workaround that pushes the [Read More...]
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