Does anyone know of a reliable payment gateway that can integrate with Shopify or Squarespace that is CBD-friendly? It would also be great if they didn't charge revenue-prohibitive fees. Thanks!
**edit: Thank you so much to all who have responded so quickly! I've just begun doing research but haven't been satisfied with the info I've come across elsewhere. I have a startup in the idea phase and truly appreciate all of your input. Peace.
Last week we had several CBD companies that are currently on Shopify approach us about moving their sites over to our new native AMP WooCommerce platform https://ampwptools.com/product/accelerate-pro/.
We work with Total-Apps for payment processing solutions and they have told us that Shopify is shutting down all CBD sales processing on their platform. They have their finger on the pulse of all payment processing trends so based on what they said I'd stay clear of Shopify.
I'm not sure about Squarespace but if you are open to a WordPress solution then I'd be happy to discuss your needs.
As you know, most traditional banks won't handle risky transactions. I'm surprised you haven't just typed in your search, because I find many reports ranking industry friendly payment gateways, even integrating with e-commerce platforms. Your industry's magazines and associations have a lot to tell you about this subject. Use those for your research, that's why they exist.
Hey Didi! Good question. 1) I'd recommend not getting tied into Shopify this early (unless you're already contracted). There's a bit of a boom coming into the eCommerce world, a lot of decentralized processors that are super inexpensive and open up distribution (so more than just a store), so selling online's about to be much cheaper. 2) Check out Team Merchant if you want to go super low. They're awesome guys (small shop) that help find the best / most appropriate system for you.
I don't have a business relationship with Team Merchant (although I'd love to). Full disclosure I am working on one of the decentralized services. Much more focused on distribution (sell your stuff everywhere instead of being locked in a store). But there are a lot of players about to emerge, and some big funding behind them so if you can hold out a bit longer and everything will be much less expensive and easier to dig into.
Whichever gateway this company is using should work for you: https://www.sagelynaturals.com/ They are in Shopify, sell CBD products and accept online payments. Would be surprised if this would t would for you too.