The acquirer allows merchants to accept credit card payments by working with the credit card companies and acting as a mediator for all transactions. It is a powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing solutions through US acquiring banks and International merchant accounts with EU, Caribbean, and Central American Acquirers. However, if you want to extend your brand to new countries, it’s. Many store owners choose Shopify because it is well-known, easy to use, and has brand. A hosted payment gateway is easier to set up as you just need to provide the third party with an API to link your website. The vaping industry and related products have seen many changes over the years. For merchants, these processing fees can add up. Not providing a refund can cause an unwanted chargeback, which can be very detrimental to a merchant’s long-term goals. By Rafael Lourenco, EVP, ClearSale The ability to accept credit cards is a critical component to the success of any business, but it adds an element of risk, too. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. PayKings is a merchant services provider specializing in high-risk merchant accounts. Let our expert underwriting team head. According to IBISWorld, the online dating industry has been growing at a rate of 3. We want your business to prosper and succeed in the long term. HRMA-LLC's High Risk Payment Gateway will conveniently integrate with your Shopify Store and bank approval should be a snap. Once you’re in chargeback trouble, applying for another merchant account becomes even more. Clearly, it is best to seek out a high risk merchant account payment processor that has great. Client data isn’t handled on your site, much like the payment gateway is handled through PayKings. An automotive merchant account is classified as high risk. Login Enter your payment gateway credentials to login Username Password. The online dating marketplace seems quite attractive to investors. A terpenes merchant account is essential for selling this unique cannabis-related product online. May 18, 2023. Cancellation Fee. As businesses strive for efficiency and savings in their credit card transactions, Level 3 processing emerges as a. In addition, strong. Plus, They help merchants from Shopify get up and running by leveraging relationships with banks to help high-risk merchants get approvals. In comparison, online credit card payments are more susceptible to fraud or other security issues. The PayKings team has merchant account solutions for businesses with processing volumes of $20,000-$100,000,000+ per month. PayPal combines different fees and add their own on top. Some companies implement Convenience Fees and Surcharges to offset these expenses. It provides high risk businesses with the necessary tools to navigate today’s eCommerce. The fantasy esports arena has stricter regulations than most. PayKings Provides Online Gaming Merchant Accounts. In fact, ecommerce sales are expected to exceed $500 billion by 2022. Bad credit or low credit score. An eCheck or electronic check is an electronic version of a paper check. A credit card payment processor is a tool used by merchants to process transactions. With a variety of working capital products available—Small Business Loans, Lines of Credit or Business Cash Advances — you can get the funds you need to purchase inventory, hire employees, or grow your business in. This is particularly true when you are a new small business owner who has never even heard of a merchant account prior to setting up everything you need to get your business running — but the reality is…PayKings is a merchant account provider that serves both standard risk and high risk merchants. Getting a coins and collectibles merchant account is as straightforward as applying for payment processing with a company that approves high risk merchant accounts. When selling products or services online (eCommerce), always be wary of chargebacks, and take the appropriate steps to avoid them at all costs. For companies in the USA, their fee is 2. This ecommerce store transacts through a virtual terminal and payment gateway. In 2000, it had the most registered users on the internet. 3. The 3D Secure feature works through the 3D Payment Gateway enables the shopper to enter a password to confirm their identity with the card issuers. For instance, PayKings provides its own gateway. Accept electronic payments for your “brick and mortar” business, including MasterCard®, Visa®, American Express®, Discover® and JCB®, Pin. Payments typically get. Whether your ecommerce store is selling CBD oil, Adult Items, or Credit Repair Services, your merchant account should custom fit your business’s needs. 1. Subscription Payment Processing. PayKings Blog. Keyed-In and Card on File. A merchant ID number, also known as a MID is a personal number banks use to identify your payment processing account. An online merchant is a business that sells goods and processes payments over the Internet. A recent report by Marketdata Enterprises, Inc. 20+ Proven Bank Relationships. Continuity subscription merchants are realizing the importance of ongoing revenue to grow their business. After opening your merchant account, you’ll be able to install the code to connect it to your online store. August 9, 2023. Higher chargeback liability using the given services or products. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. Visit us now!March 14, 2023. The rolling reserve amount. PayKings can meet that demand head on by providing these businesses with resources that are necessary in the VPN space like: A VPN Merchant Account A Payment Gateway Fraud Prevention Tools Assistance. Processors like PayPal, Stripe, and Square are big names in the processing industry that offer traditional services. March 16, 2023. PayKings offers your eCommerce or brick and mortar business same-day ACH also know was electronic check payments. In the dynamic world of online transactions, where speed and convenience reign, the occasional hiccup can disrupt the flow. May 16, 2023. Because of this, the transaction fee is greater. How to begin may seem overwhelming, however. Furthermore, online services from dating merchant accounts make up for 70% of the worth of the market. Large Merchant Case. January 9, 2023. PayKings has multiple options for. With your business. Here’s what you can expect and how we could get your gentlemen’s club merchant account accepting credit cards: Fill out an online application. It allows you to take credit card payments, handle more transactions, and keep your operations safe. Start Accepting Payments Today. Chargeback Prevention. With the travel industry on the rise again, obtaining a timeshare merchant account is in high demand. Correspondingly, you should start off your recurring payment processing with the right company. Services. Learn more about our application process here. Here are some common causes: 01. PayKings is a seasoned player in the merchant services realm, specializing in providing solutions for high-risk businesses. Some merchant processors have used it in the past as a way to surreptitiously add extra fees to merchant statements. Don’t confuse a high risk payment gateway with a. To counteract this, it is essential to have fraud prevention tools in place. A merchant is usually classified as high-risk if the industry has a higher risk of fraud and chargebacks. Processors like PayPal, Stripe, and Square are big names in the processing industry that offer traditional services. 288 likes · 1 talking about this · 7 were here. It’s a shocking statistic that proves how popular payment processors are getting around the world. Merchant accounts are at the end of the payment processing journey. Fundamentally, the difference from a standard transaction is that Real Time Payments transfer money and messaging at the same time rather than separating the data. August 8, 2023. As a result, cigar and tobacco merchants in this space typically pay higher rates and processing fees so they can operate within this uniquely regulated vertical. If a company’s chargebacks exceed 1% of its total sales, you could end up paying fines or even having your merchant account shut down completely. It is based out of St. Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. Two of these programs are the so-called Merchant Account Cash Discount Program and. Chargebacks are quite common when it comes to subscription box merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will. Petersburg, FL 33701 / (888) 255-9782 / email: info@paykings. At PayKings, we are compatible with dozens of Ecommerce platforms and plugins. PayKings has options to offer business owners access to financing that is quick and seamless. We have. In the end, your merchant account may drop you if you exceed a certain chargeback threshold. Our team’s priority is assisting our clients in. Clearly, it is best to seek out a high risk merchant account payment processor that has great. Currently, it counts for $3 billion in gross sales. But PayKings specializes in working with high risk merchants and we have multiple acquiring banking partners that offer background check merchant accounts. With this. Other retailer accounts on a bank statement. Reply. Fraud. PayKings, however, specializes in high risk merchant accounts and knows your specific industry standards and needs to offer you the best possible payment processing solutions. The payment processing world can be tedious, expensive, and exposed to the occasional case of fraud. And most importantly, we offer the lowest rates possible. Prevention starts by knowing the resources available to help to keep your chargebacks ratio low, and more so, to take actions to prevent them. The fantasy esports arena has stricter regulations than most. Our gateway services give you access to. As your company grows, you can reduce this cost and lower your fees. The customer pays this invoice with a debit or credit card, typically online or over the phone, making this payment a card-not-present payment. 999% uptime, customizes your store for a truly unique experience, offers 24/7 support with over 205,000 developers and partners – additionally Magento houses over a. High Risk Merchant Account Providers. 99. That's why it's so important for entrepreneurs to thoroughly search for the cheapest credit card processing possible. Reality. A rolling reserve is a strategy used by banks to shield themselves and the merchant from possible financial loss due to chargebacks from the customer. But they do have limitations on the types of CBD or hemp-related items you sell using the Shopify. Ways To Get Processing For Credit Cards Finding the cheapest. How it works. A chargeback is a refund that the merchant is forced to give, as opposed to a refund voluntarily given. Although Delta 8 is gaining popularity, it is still very new. High risk merchant account fees are. Even though the market for kratom is starting to sky rocket, entrepreneurs are still faced with added difficulties. A user-friendly platform for managing payments that enables companies to add multiple MIDs or merchant. Fraud is a big cause of credit card chargebacks. They range from companies that bring in millions of dollars each month, to startups that are brand new. What Is a Rolling Reserve and How Does it Affect You? January 13, 2023. Top VPN service providers like ExpressVPN and SurfShark are considered “high risk” or nontraditional businesses. With an aggregate high risk merchant account, the funds from a transaction are sent to the account provider, like Stripe, and then are deposited into the merchant’s bank account. March 16, 2023. The way customers check out of your store depends on which type of gateway you choose. Because of this, the transaction fee is greater. Mobile Credit Card Reader. However, if your merchant account is frozen or terminated altogether. Most payment processors prefer at least a 30-day unconditional refund policy. PayKings provides high risk merchant account payment processing solutions for small to enterprise level businesses. The size of the global payment processing solutions market will reach USD 62,245. These anti-vape groups have been raising alarms. ”. 999% uptime, customizes your store for a truly unique experience, offers 24/7 support with over 205,000 developers and partners - additionally Magento houses over a thousand high-quality. Unlike other providers, Chargebacks911 views. There has been a massive increase in the popularity of cryptocurrencies. Apply for a quote on your merchant account through our website, or call us at 1-727-300-0277 today. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). For example, payment processors like Square place these companies on their prohibited items list. The company’s core business includes revenue recovery through representment, long-term chargeback mitigation, and fraud alerts. The healing properties have come to reach numerous products across various markets. Data breaches are something that happens every day. PayKings is leading the industry of payment processing, especially for high risk merchants. I recently got approved by Authorize. You get a quick and free quote with PayKings today. With many different types of services from certified bankruptcy, divorce paperwork, will preparation, and more, there is an abundance of services that fall into this prosperous industry. Vindicia Retain focuses its revenue-building power on retention by resolving failed transactions. , or NMI, is the leading payment gateway service that provides processing for high risk merchant accounts. August 2, 2023. The company provides B2B solutions to companies, e-commerce companies, online retail businesses, and high-risk companies. Luckily PayKings specializes in working with high risk merchant accounts. 8% + $0. Chargebacks: Myth vs. Find the best high risk merchant account provider by knowing what to look for. Additionally, If the card issuer accepts the password then they complete their order and this comes to you as a legitimate and authenticated transaction. These gateways allow you to accept payments through various means, including credit and debit cards and alternative payment methods. However, if you want to extend your brand to new. A Refund Versus a Chargeback. This effectively shifts the liability for fraud away from ecommerce merchants, allowing them to. With more regulations than ever, gun retailers are looking for new ways to expand businesses in a highly regulated market. In recent news health officials, lawmakers, and parents haven’t made things easy on eCig, CBD, and vape merchants – many of which have lost their merchant accounts and vape credit card processing all together. If you own a small or well-established business, you know that in order to accept credit cards, a payment processing fee must be paid on every transaction. will require the use of a MID. It's a straightforward and convenient way for you to make online payments. Shopping For A Merchant Account? Using the right merchant account can have a big impact on the success of your business. August 2, 2023. Server integration method, also known as SIM, provides the choice of managing transactions on your website, however a payment gateway service provider actually. 1. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing. Medium/High Risk Accounts. 04. Supports subscriptions, pre-orders and refunds directly from your website! Works with latest versions of WooCommerce and WordPress. A merchant account is a bank account for your business. Processors like PayPal, Stripe, and Square are big names in the processing industry that offer traditional services. Smoke shop merchants face many legal obligations before they can even start selling products. Gateway Fee. These strikes are a savvy combination of social technologies and identity theft that manages to trick people into revealing private details. The business is in a low risk industry. Shopify recognizes the changing laws and regulations in the CBD industry. A Refund Versus a Chargeback. Each solution has slightly different features, benefits, and add-ons from which to choose. A credit monitoring merchant account is classified as high risk for a variety of reasons, making it difficult to find a reliable processing partner. Sale offers is their overarching analytical technique and better yet, accountability. As a St. You send the client an invoice via mail or email. In fact, we can get you pre. PayKings is a merchant service company dedicated to offering excellent services minus unnecessary charges and fees. Chargeback reason codes have changed — Visa’s 22 chargeback reason codes will be merged into client disputes — fraud, authorization, processing errors, and four guidelines. Say you choose Stripe for your CBD merchant account payment processing. Start accepting payments today-for virtually any. Monthly Minimum Fee. com after your account was activated. There are many reasons a shopper might initiate a chargeback, and understanding these can help you to fight them and even avoid chargebacks all together. We have multiple acquiring banking partners that offer coins and collectibles merchant accounts. But why are online credit card. High Risk Processing Industries. Everyone seems to have one, with all 240 million of them in the United States, they are clearly the most popular consumer electronic device today. Developers. Customers may return products or file chargebacks on supplements they decide to keep. Although the regulations for. Find the best high risk merchant account provider by knowing what to look for. Take The Steps to Set Up Your CBD Oil Merchant Account. Celerant is a high-quality gun shop software that includes shooting range software and POS systems that have been serving the firearms industry for over two decades. Find one who takes care of in-house. Online payment processing solutions (or card-not-present) will have you dealing with fixed rates as there’s no card-present. A background check merchant account is classified as high risk for a variety of reasons, making it difficult to find a reliable processing partner. Tobacconists usually have a hard time finding reasonable merchant services. Continuity Subscription Merchants. PayKings Blog. MCC stands for Merchant Category Codes. August 6, 2018. But, there are dependable payment processing options for these Canadian merchants. Medium/High Risk Accounts. A credit card payment processor is a tool used by merchants to process transactions. These accounts are provided by specific banks and ISOs who understand the regulations and risk associated with the industry. Individuals who apply for payment processing through a bank who happen to have a credit score of 580 or less are considered bad credit merchant accounts. Magento powers twice as many top retailers as any other provider, and gives your business the world’s most flexible platform. comScam. July 21, 2023. Banks have special stipulations for boarding high risk accounts. Skip to content. 4. Top VPN service providers like ExpressVPN and SurfShark are considered “high risk” or nontraditional businesses. Our team of vape merchant experts work hand in hand with high risk acquiring banking partners and have established trusted relationships with more than twenty different vape-friendly payment processing providers. In a world rapidly embracing digital transformation, financial transactions are evolving at an unprecedented pace. If your organization is one A merchant ID number, also known as a MID is a personal number banks use to identify your payment processing account. So, merchants can implement credit card surcharging and pass on the processing fee. Luckily, there are other places that. A portion of the funds are collected via credit card and secured by the bank from the merchant’s account to minimize the risk of potential chargebacks. Level 2 & 3 Processing. Kava Payment Solutions With PayKings. Card details are automatically refreshed, ensuring a seamless experience for both your business and. Very Bad company, never ever go with them. 3. Financial instability, or main source of earnings coming from a different company. March 16, 2023. Additionally, we can even guide merchants through the steps on the. Allowing businesses to accept payments on their own terms, Authorize. 3. As a result, every design becomes a long-term investment. Cannabinoid merchant accounts allow you to process payments online while selling goods in this vertical. If you don’t use payment processing solutions that accept high risk accounts, like we do here at PayKings, funds in your CBD oil merchant account can be frozen or shut down completely after the bank’s underwriting process has found the industry as high. If you're opening a new weight-loss business, or have established yourself as a pioneer in the diet space, you know that payment processing can be difficult. PayKings provides payment processing for fantasy sports merchant accounts in the following professional leagues: A Fantasy Sports merchant account is classified as high risk for a variety of reasons, making it difficult to find a reliable processing partner. Timeshares have a history of high risk in the payment processing industry. Often times you could receive it much sooner. How Does A Credit Card Work? March 13, 2023. Payment processors that concentrate on high risk retailers, provide alternatives to help limit risk, fraud, and chargebacks. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. PayKings helps countless hard-to-approve merchants get approval for a CBD merchant account with our in-house pre-underwriting services that cater specifically to your high risk business needs. 1. The answer to both of these predicaments is that you need to get a dedicated high risk merchant account to ensure your payment processing runs smoothly from month to month and with less risk of getting interrupted. Fast Nutraceutical Account Approval. At PayKings, we provide comprehensive high risk collection agency credit card processing solutions ranging from startups to businesses that process tens of millions of dollars a. ; Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. These websites are often considered high risk because of subscription membership offerings, chargebacks from. PayKings works equally with conventional and high risk merchants and aims to offer credit card payment processing solutions to every merchant, regardless of the type of business they operate, because PayKings cares. May 18, 2021. PayKings wants to help you fully recognize why this option could be a great one for the long term success of your business. What is a Credit Card Payment Processor? September 7, 2023. A user-friendly platform for managing payments that enables companies to add multiple MIDs or merchant. PayKings specializes in providing high risk merchant accounts, and we have multiple acquiring banking partners that offer online shopping and membership club merchant accounts. Your company may be considered high risk due to the brand. Don’t fail to send confirmation and customer satisfaction emails. Credit Card Processing Companies 101 Trying to pick the right credit card processing company can be overwhelming. These merchants are similar to physical store merchants except that the point-of-sale and all business is conducted online. PayKings can meet that demand head on by providing these businesses with resources that are necessary in the VPN space like: A VPN Merchant Account A Payment Gateway Fraud Prevention Tools Assistance. In partnership with PayKings and the high. First, if you are selling goods or services deemed as a high risk without using high risk merchant accounts or payment processors, Shopify has the authority to drop or freeze your account. Fill out the form to download our FREE PDF on everything you need to know about getting your business set up, running smoothly, and accepting. Everyone seems to have one, with all 240 million of them in the United States, they are clearly the most popular consumer electronic device today. PayKings knows how important card processing can be to the success of your business. For example, payment processors like Square place these companies on their prohibited items list. With international world commerce thriving, many companies look for unique solutions across the globe. First, on the high risk merchant list is nutraceuticals. As a result, there is an increased need for crypto merchant accounts. As a result, acquiring banks and payment processors must abide by state and federal hemp product regulations. Business owners andPaid Social Follows and Likes. PayKings iSpyFraud ™ protection services involve a rule-set based credit card fraud management utility that allows merchants to configure extensive filters to help them in detecting fraud and screening suspicious transactions. Here are 5 significant things to know when applying for the best high risk payment gateway for your eCommerce business: 1. Choose an eCommerce Platform. Understanding WooCommerce Payment Gateways. PayKings is sensitive to the unique needs of online casino-related businesses. It can be useful for every kind of business (casino, gambling, forex, CBD, +18, etc), but contact each one to make sure they can meet your requirement and if they accept companies/citizens from your. Any merchant, low risk or high risk, should have a mobile credit card reader in order to make the sales of products and services more convenient for customers. State and Federal Regulations. That means PayKings will service companies in industries that many other payment services shy away from. However, if your merchant account is frozen or terminated altogether. Your business will be set up for long-term success by accepting debit and credit cards. wins the dispute, the merchant processing company. 3. If a company’s chargebacks exceed 1% of its total sales, you could end up paying fines or even having your merchant account shut down completely. In addition, these businesses need crypto payment processing solutions. PayKings is the industry leader in high risk merchant account payment processing. Credit card payment gateway providers tend to offer similar services. From big corporations to small-scale online stores, cybercriminals are constantly infiltrating payment. 4. Whether you are a well-established enterprise, school, influencer, non-profit, artist, or any other business, your. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. The company does not allow certain types of industry to process due to various concerns. In fact, it's growing so much that there's a huge demand for these cannabis business owners to obtain a sustainable Canadian cannabis merchant account. Credit card payment processors can specialize in high risk industries or be traditional mainstream processors. There are many other businesses classified as moderate risk. Payment processors charge a fee per transaction and as an overall percent of every purchase, so requesting a free payment terminal is your way of evening the field. Not all fees should be charged to certain companies, and some are optional when it comes to the payment processor. PayKings understands the special needs of different credit repair related companies and has created 24+ acquiring banking connections to become experts in getting credit repair merchant accounts set up and accepting online payments. But that doesn't mean securing funding for a startup company is impossible. In order to find the best CBD payment processors, like us here at PayKings, especially since the bigger, well-known banks will not take on your CBD merchant account to process transactions themselves. Learning which apply to your business and which don’t is critical. Being one of the premier firearms dealer software in the United States, Celerant gives retailers the ability to leverage integrated A&D book, e4473 and digital waivers,. Competitors: Unknown. The activities of merchant. It is no surprise by now that there are many companies and services available for merchants to purchase social media likes, follows, subscriptions, and even individual interactions. Merchant Accounts For Tobacconists. We have since established many acquiring banking relationships to become experts in getting online gambling merchant accounts accepting online payments. Vindicia Subscribe drives higher revenue throughout the subscription lifecycle. This is particularly true when you are a new small business owner who has never even heard of a”merchant account” prior to setting everything you need to get. Luckily, we have the means and the know-how to make. PayKings paykings. The best way to maintain your company’s financial success, combined with a reliable payment gateway for your payment processing needs, is to take action to prevent chargebacks. To gain further insight, you may peruse reputable online sources, including Clearly Payments and PayKings. com) at Paykings could help you with more. 9% + $0. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. Sale offers is their overarching analytical technique and better yet, accountability. Boost your online sales with Paykings - the leading online merchant processor. Because millennials like to use credit cards to pay, and are even partial to mobile credit card processing, particularly when they have cards that give them cash. 30 per transaction. The payment processor provides a way to accept. As a result, cigar and tobacco merchants in this space typically pay higher rates and processing fees so they can operate within this uniquely regulated vertical. But you’re worried about the fees associated with high risk merchant accounts. Traditional payment processors can have a significant impact on CBD merchants. Stripe vs PayPal: Card Payment Options. PayKings is a leader in the industry of high risk payment processing. These industries face concerns like high chargeback rates, MATCH listings, or fraud. , or NMI, is the leading payment gateway service that provides processing for high risk merchant accounts. High Risk Merchant Account Providers. PayKings works directly with you to streamline the application process and get your business up and running quickly. Suddenly you’ll find a message that Square has stopped your ability to process payments online because your company requires a high risk merchant account. PayKings is a leader in the industry of high risk payment processing. B2B Payments. Indeed, the number of merchant services companies has been on the rise over the years. 20+ Proven Bank Relationships. Magento powers twice as many top retailers as any other provider, and gives your business the world’s most flexible platform. For any business looking to scale operations and sales, equipment financing is a great way to increase revenue. Some terminals like Clover or Toast cost up to $467 for the complete setup. The payment processor provides a way to accept credit card payments and transmit banking information securely. Wordpress is built on a robust, open source framework which makes it easy for new programmers and entrepreneurs alike. This review examines. PayKings understands the unique needs of different nutraceutical related businesses and has established 24+ acquiring banking relationships to become experts in getting nutraceutical companies accepting online payments. Reputational risk. ACH. We can get you approved in as little as 6 hours. It has the highest level of customization and integration in the payment gateway industry. Once you’re in chargeback trouble, applying for another merchant account becomes even more. Choose an eCommerce Platform. Apply for a merchant account today for secure, seamless, and cost-effective credit card processing. 2. One Contact Center provides experienced, college-educated customer service reps, trained in Online Ordering, Payment Processing, Chargebacks, Inbound Calls, fast responses to Chat, Email, Social Media (monitoring & posting), Virtual Assistant, Tier 1 and Tier 2 Help Desk and Outbound Marketing. The trend of selling products or services online is continually increasing. As a business in the UK, operating businesses overseas may be difficult. The Modern Online Dating Market. I work with PayKings , here we help merchants from Shopify get up and running by leveraging our relationships with banks to help high risk merchants get approvals. All of these businesses need a high risk merchant account for WooCommerce and other major online sales platforms. August 9, 2023. Hard to place merchant services are also known as high risk. Chargeback Hero is a patented fully automated chargeback management solution specializing in helping online businesses with high risk merchant accounts prevent chargebacks, mitigate risk, minimize loss, and recover lost revenue. This encompasses a spectrum of solutions, each designed to offer convenience, security, and efficiency in our financial endeavors. August 10, 2023. For one, each state has different laws and regulations surrounding the sale and distribution of cannabis products. Currently, it counts for $3 billion in gross sales.