2020 is finally in the past and things are looking up for 2021. With vaccines beginning to roll out, we have some hope that this year will look different than 2020, even if that means the fall. But, there is still a level of uncertainty and lots of folks are stressed about work, their health, and other things that come with a pandemic. If CBD sales in 2020 are any measure of what we’ll expect this year, it’s going to be a big one for companies in the space.
Pandemic Safe Businesses
Ecommerce CBD Credit Card Processing
Many businesses have had to close their doors permanently and CBD or cannabis companies are no different. But CBD businesses have an advantage that they can sell and ship items they sell online, cannabis businesses cannot ship flower or other products at the moment. This means that while people don’t want to go out they can still easily find CBD from local and online retailers here in Canada.
Stress is at an all-time high for many people. Considering one of the many uses for CBD is a reduction in stress and a calming of the mind, it’s no wonder why CBD sales jumped faster last year than in previous years despite those having heavy growth. CBD businesses have an advantage during this time because of the nature of their products and their ability to sell online.
Learn: What is CBD and Who buys it?
Touchless Payments
Although some stores closed permanently, those that have been able to remain open have done their absolute best to ensure the safety of every single customer who walks through their doors. This means regular sanitization throughout the shop, all surfaces, and checkout areas. Furthermore, businesses have modernized their credit and debit card payment systems to offer completely touchless payments. Either through a touchless card reader or through a POS system wich can take things like Apple pay or other magnetic touchless payment systems.
This has been one of the biggest shifts across the globe and brick and mortar Cannabidiol businesses are no different. Most have gone this route before the pandemic and those that didn’t then have by now. Some have gone so far as refuse taking cash transactions at all and that isn’t necessarily a bad thing. When your customers have multiple ways to pay using a card usually isn’t a process. As people use cash less and less (and considering how dirty paper money can be) this is a smart update to your business flow, period.
Ecommerce CBD Credit Card Processing
Your in-store and online payment systems should be easy to use and run through the same mercant service provider. It makes no sense for you to have one provider for your in-store sales and a different one for your ecommerce sales. This means working with a reputable Canadian merchant service provider, preferable one who has worked with Cannabis and CBD related businesses for more than 5 years.
You should never pay higher rates or fees than any other business as banks look at cannabis based businesses far different than they did in the past. No longer should you be determined “high-risk” or have to pay higher fees than usualy or have large cash reserves held in-case of chargebacks. Today in 2021 your business is as safe and legal as any other legal business. So don’t waste time with credit card processing companies who look down on cannabis. Work with a provider who knows the industry, who believes in the industry, and who has invested in the industry.
For the best in Ecommerce CBD Credit Card Processing here in Canada, look no further than right here at BrotherProcessing.com . We are investors in the Cannabis industry and are proud to work with many different CBD businesses. Call today and discuss your options with Stuart today.
