Category Archives: Merchant Account
How to Choose a Merchant Account and Shopping Cart for Your CBD Business?
Cannabidiol merchant account and a cannabidiol shopping cart, that are both “friendly” to the cannabidiol industry, are the 2 foundational e-commerce items that every cannabidiol (CBD) business needs …or you will not be in business for very long.
There are easy solutions to resolve your need for a CBD friendly merchant account that integrates with a CBD friendly shopping cart but before I cover this area, I need to address the flip side of the merchant account equation.
The hazards of “cheating” with cannabidiol are severe.
Think of your CBD business in the same way you think of driving your car every day to work.
When you’re driving on a crowded road, and close enough to the speed limit, the police never bother you… or even take notice of your existence.
There’s even been a few days where you’re running late and needed to speed to “make up” time and get to work on time. Chances are in your favor that you’re not going to get a ticket for going 10 MPH over the speed limit and stay mostly in the middle lane.
But… after years of diligently grinding away at the office, you finally earn that coveted VP position and reward yourself with that shiny red convertible sports car, with the big V8 engine, and you start driving your dream car to work.
Suddenly you discover that every time you go over the speed limit, even when everyone else is speeding right along with your, you’re the one getting pulled over and given the ticket.
Get just a little too “exuberant” with your right foot on the gas and suddenly it’s no longer just a ticket …you watch as your shiny new car is dogged by a long cable onto the back of a flatbed truck while you’re sittingin the back of a squad car getting a “ride” to the station.
This is exactly what happens when you inadvertently choose the wrong cannabidiol merchant account or try to slide under the radar with a merchant account you know is not suited for your CBD business.
When you start your CBD business, you can use your existing merchant account, or any new merchant account (as long as you do not disclose the full extent of your product line) but the minute you start achieving success with your CBD business, that’s when it all comes crashing down like a 45 pound dumbbell off of a 6-story roof top gym landing smack dab on your head.
Instant death!
The solution is simple.
Start off with a cannabidiol merchant account specifically geared toward the intricacies of the CBD industry and couple it with an ecommerce platform that is also CBD industry friendly.
CloudNet360 understands your CBD business and has several cannabidiol merchant accounts already integrated into the system so all you need to do is choose one from a drop down window and start selling.
But wait… it gets even better.
Building a CBD business requires the ability to increase the revenue per transaction and also increase the number of transactions from existing customers.
CloudNet360 is hands down the leader in up sell technology and follow up sales technology to ensure that every customer you acquire is buying more up front and buying from you repeatedly over the course of time.
1 turnkey solution to start, manage, and grow your CBD business with everything included.
It cannot get and easier, reliable or more powerful than this so make the right choice up front, protect your future success, and enjoy the life you deserve from the business you build.
Start a 30-day trial today and CloudNet360 will even include FREE live support from experts to ensure you get up and running the correct way – quickly and easily.
Free Merchant Account – Included In Every Account
Let’s see… the merchant account is already integrated so all you need to do is select it from a drop-down window and start accepting credit cards to power the sales of your online shopping cart. Hmmm, good start.
The integrated merchant account automatically drops the money right into your bank account so that can’t get any more convenient.
You can still accept credit cards or PayPal for all your products right from the same order page which gives your customers the ultimate in payment options.
So how could this fully integrated merchant account possibly get any better for your online business?
How about if we made this FREE so you have nothing to pay up front and no monthly fees to use this merchant account in your business? Now that would be pretty darn awesome wouldn’t it?
All this might seem too good to be true but it’s all 100% real, 100% included, and 100% integrated so you can focus 100% of your attention on building, and growing, a great business instead of wasting time with upfront fees, lengthy application processes , paying monthly fees, whether you’re selling anything or not, and all the other credit checking hassles that come with a traditional merchant account.
Best of all, this great merchant account is included with every single CloudNet360 account.
If you’re not used to this level of freedom and convenience, then it’s time for you to experience the way it should be. Take a test drive today and feel the difference performance, service and innovation bring to your business.
Get Merchant Account Instantly with No Monthly Fees
Gone are the days when you need to meet with a merchant account broker, fill out a bunch of forms, go through a credit check and wait days or even hours for approval. And, then there’s the one-time application fee!
With WePay recently added to the CloudNet360 platform, you can now have IMMEDIATE ability to take credit card orders! And, we do mean immediate!
When you start your $4.95 30-day trial with CloudNet360, you are automatically enrolled in the WePay program. Here’s how it works.
In the CloudNet360 gateway settings area, you will see 39 possible gateways to connect with. Probably the most recognized of all of them is Authorize.net. Instead of selecting Authorize.net or another payment gateway, just select WePay. That’s really all there is to it.
The account will be setup immediately on WePay’s end. When you get your first sale, you will be asked to visit WePay.com so you can fill in the blanks as to what bank account to send the money from your first sale and future sales.
WePay IS a merchant account system. It works exactly the same. Only the setup of the account happens in sort of a backwards order in that first you get the sale of your product or service and then you setup the account. Beyond that, everything about WePay is the same as any other merchant account you would apply for the traditional way.
Here are a Few More Details About WePay to Consider:
- You cannot It doesn’t accept charges under $1
- You can’t do a no charge order and then re-bill later (at this time).
- 2.75% + $.30 per transaction is the standard fee.
- No monthly fees.
- No additional gateway monthly fees (like Authorize.net charges)
- No minimum per month order requirements to keep your merchant status
What About Chargeback Fees?
Refunds and chargebacks are a fact of sales and do typically carry additional fees. But, chargeback fees are not controlled by the merchant account but by visa/mc/discover etc. So, you would have to pay chargeback fees regardless of which merchant account you used.
What are the Sales Limits?
You have an “initial” limit of $5,000 in sales that you can accept (like most merchant accounts) with a max individual purchase of $2500. These can always be changed by contacting WePay and simply requesting it (like requesting more credit on your credit card) but this is how they’re able to start accounts so quickly without any delay and avoiding risk.
Who Else Uses WePay?
Constant Contact and Meetup.com both use webpay. There are many others.
What’s My Next Step to Get Started with WePay?
If you are new to CloudNet360, simply start your 30-Day trial or sign-up for any of our three levels. Your WePay account will be automatically enabled at that point.
If you are an existing CloudNet360 user, you would need to remove your current gateway to connection (other than PayPal), and change your gateway to WePay. Know that any recurring billing would NOT transfer over. You would have to have your recurring billing clients “re-buy” their product or service after changing the gateway to WePay. Of course, this is industry standard and not specific to CloudNet360.