JULY 7, 2019 | STATUS UPDATE
Thousands of CBD sellers are frustrated beyond words in their efforts to find CBD-friendly credit card processing that complies with Shopify's Payments Policy. What many CBD sellers don't understand is that Shopify is not the problem, the banks are not the problem and neither are the ISOs/MSPs offering CBD-friendly payment processing.
Back on May 15, 2019, Visa Corporation stop letting CBD transactions pass through their network. This is why it has taken so long for the handful of CBD-friendly banks and processors to activate CBD merchant accounts for the thousands who are eager keep their business afloat. At this present date, Visa has not yet taken their foot off the brake.
Here are a few reference sources dealing with Visa's ban on CBD transactions through their network.
Until Visa Corporation changes their policy (which it appears may happen sometime in August) you'll have to use legal and yet creative strategies to let your customers make payment.
It doesn't make any difference how many different processors that you submit an application to nor what a sales representative from a credit card processor has promised you. Until Visa takes their foot off the brakes CBD sellers have no choice but to wait it out OR choose a 'plan B'.
Here are a few payment acceptance solutions that are working for CBD sellers using Shopify. Each of these are rock solutions are Shopify-friendly.
Most of these P2P solutions can be integrated into your Shopify Checkout page in a manner that does not violate Shopify's Payment Policy.
So, there you have it. Until Visa takes its foot off the brakes and H.R. 1595 is passed by Congress, you had better get creative, roll with the punches, adapt and improvise.
Shopify Approved Developer | API Coder/eCommerce Expert
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This is an accepted solution.
Breaking News | September 28, 2019
A Shopify approved credit card processing solution for CBD sellers is finally here.
Ignore all previous posts. This is fresh news. A game-changer.
By the way, I am an authorized ISO/representative of the processor. I'm also an Shopify approved Partner and certified full-stack web developer. This is what I do all day long, every day, all day. I've helped a quite a few CBD sellers get their online store reactivated.
Feel free to send me an email or give a telephone call. If I can help expedite your application, I'll gladly do it.
A Shopify Approved Partner & Certified Full-Stack Web Developer
This is an accepted solution.
9. Can THC or CBD products be sold as dietary supplements?A. No. Based on available evidence, FDA has concluded that THC and CBD products are excluded from the dietary supplement definition under section 201(ff)(3)(B) of the FD&C Act [21 U.S.C. § 321(ff)(3)(B)].
10. Is it legal, in interstate commerce, to sell a food (including any animal food or feed) to which THC or CBD has been added?A. No. Under section 301(ll) of the FD&C Act [21 U.S.C. § 331(ll)].In light of this recent announcement from the FDA we can certainly expect to see CBD-friendly banks introduce new underwriting requirements for merchants. Rules of the game are constantly changing. Ignorance of the law is not an excuse to break it.It's your responsibility to know which products in your online store are legal vs illegal. What actions should you take?
- Change or remove any verbiage on your website that refers to CBD as a "dietary supplement". It's a no-no.
- Remove any CBD-infused food/meals from your website. It's a no-no.
Got questions? Send me an email or give me call.
Shopify Partner & Certified Full-Stack Developer
Authorized ISO Representing Multiple CBD-friendly Banks
It is legal, in interstate commerce, to sell a food to which THC or CBD has been added?
A. No. Under section 301(ll) of the FD&C Act [21 U.S.C. § 331(ll)], it is prohibited to introduce or deliver for introduction into interstate commerce any food (including any animal food or feed) to which has been added a substance which is an active ingredient in a drug product that has been approved under section 505 of the FD&C Act [21 U.S.C. § 355], or a drug for which substantial clinical investigations have been instituted and for which the existence of such investigations has been made public. [...FDA has therefore concluded that it is a prohibited act to introduce or deliver for introduction into interstate commerce any food (including any animal food or feed) to which THC or CBD has been added].
I sent you a private message. Yes. There are several e-Commerce payment acceptance solutions that give you the ability to credit card and debit card transactions from customers --- each of which can be activated into a website in less than 24 hours. Both solutions come with no application fee, no set up fee, no monthly fees, and no burdensome underwriting process.
A Shopify approved partner | Expert web developer