CBD Merchant Account in Ireland & UK Options?

[jacksparrow92]

Hi, I have a small CBD shopify store in Ireland that makes 7-10k in sales per month.

I want to expand to the UK market. My current Merchant acquiring service is Clearhaus who charge me 5% transaction fees and 100€ per month. On top of that my 10% rolling reserve fees are kept with them for 8-10 months.

My question , is there a better solution in my case?  Rolling reserve fees kinda suck and cut into my profits. I know there are more options for woocommerce but I really like shopify and i'll stay here.

[apoorvjoshi]

Hello jacksparrow92, 
This is Apoorv Joshi from Merchant Stronghold.
We can help you with the best solutions. You can directly contact with our expert's team.
If you want to move with WooCommerce and the rolling reserves are a standard process for the banks globally.  You want more information about this please Sign Up 

[TyW]

Hi @jacksparrow92,

Please refer to this link which will answer questions related to selling CBD products outside of the United States

[haskel_adamson]

TyW
Your link doesn’t relate to selling cbd outside of the USA. It relates to selling cbd in the USA. If you have a list of payment providers who Shopify work with who allow Shopify shops to sell cbd in the uk I would be eternally grateful to you if you’d post that.
Thanks.

[ady_bod]

Hi @jacksparrow92

Please check www.vivawallet.com for Ireland and you have all the details about merchant services there. Or send an email to

barama@vivawallet.com

iesupport@vivawallet.com

[N_Abey]

Dear @jacksparrow92

My best advise is to find a very good payment gateway or merchant provider who can support for your business. (Obviously who can offer you with good fees and transaction rates, shorter deposit lead time, good customer service and also who have clear instructions how to deal with charge backs). 

Once you finalise your payment gateway provider simply drop me a DM, I will guide you how to add them to your store.

All the best.