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Instabill Offers Cannabidiol Merchant Accounts
Ever so gradually, while the medical and political fields grapple over the positives and negatives of cannabis, we’re finding more and more that the health benefits that are outweighing the stigma. While many experts view the plant as a ‘gateway drug,’ medical professionals are heralding the health advantages, such as healing, anti-inflammatory effects and pain relief. One of the emerging benefits of cannabis is cannabidiol, a large compound of the cannabis plant which has all the health benefits mentioned above and more – without the psychoactive effects of THC. Through an international banking partner, Instabill is pleased to announce it is offering cannabidiol merchant accounts, and currently has several merchants processing credit card transactions.
Is Cannabidiol Legal? Two HUGE Points:Is cannabidiol legal in the U.S.? If it is extracted from hemp plants, it is considered a dietary supplement and thus approved by the U.S. Federal Drug Administration. Therefore, Instabill is more than willing to offer credit card processing options. If cannabidiol is extracted from medical marijuana plants, it may contain varying degrees of THC, the psychoactive chemical in cannabis, and merchants must be based in one of the 23 states or a country where it is legal for medicinal or recreational purposes. Because the federal government deems cannabis as an illegal substance, credit card transactions are currently not available, leaving merchants to process only in cash.
What Are the Benefits of Cannabidiol?Physicians in the U.K. and the U.S. are beginning to conduct clinical trials on patients. They believe however, that cannabidiol offers many health benefits:
- Nausea from chemotherapy and radiation treatments
- Controls seizures in people who suffer from epilepsy
- Quells anxiety, depression and psychosis
- Natural anti-inflammatory solution
What Are High Risk Merchant Accounts?Instabill has been a provider of high risk merchant accounts since 2001, and offers credit card services in a number of industries that banks consider high risk. Through our network of international and domestic banking partners, Instabill can offer merchant services other payment service providers cannot, including cannabidiol merchant accounts.
Cannabidiol Merchant Accounts: A Step in the Right DirectionThere will come a day when credit card processing options will be available for marijuana merchants. Cannabidiol merchant accounts are a significant step toward that day. Instabill has many perks with its merchant accounts, including recurring billing options, one-on-one customer support and a payment gateway that recognizes a host of currencies. Call 1-800-318-2713 to speak directly with a merchant account manager about our vast menu of services.
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ECS World provides credit card processing services to online and MOTO businesses with its PCI compliant payment gateway solution. Whether you want to process onshore, offshore, or internationally, they have a solution for you!