Agents have an essential role in the growth of the CBD industry today. However, with its laws and regulations, the CBD industry is not easy to navigate. This is why your clients trust you to choose a payment processing partner that understands their business and its needs. As a reseller, you want to ensure your clients are set up with the best payment provider in the market.
With that in mind, a good payment provider partner (that specializes in working with highly regulated businesses) should have a variety of benefits to offer clients, such as:
Security
Good customer service
Lucrative revenue share program
Customer loyalty
Reduced human error
Integrated ecommerce
The payment processing industry is becoming increasingly competitive. As a result, finding the ideal partner as a reseller or white labeler can be difficult. Not to mention, each payment provider comes with its advantages and disadvantages. So, in this blog post, we have provided you with a list of 8 reasons payments resellers in the CBD sector should choose Merrco over the rest.
8 Reasons why CBD Payments Resellers Should Choose Merrco
When selecting a payment processing partner, there are several things to consider, such as buy rates, revenue share opportunity, underwriting efficiency, mark-up ability; monthly minimums, set-up fees and more. This is why you must choose a payment processing partner compatible with your business model and profitability projections.
With the number of payment processors on the market, you need to know the specific features and benefits of the payment processing provider you choose for you and your clients.
Here are the top eight reasons why resellers should choose Merrco, a leading CBD payment solution provider, as their payment processing partner.
1. Experience In the Industry
Cannabis businesses are in the high-risk industry and need to work with a payment processor that can handle their transactions. Merrco has been specialized in high-risk enterprises since 2016. We work with several companies in the cannabis and CBD industry, like dispensaries, CBD merchants, nutraceutical merchants licensed producers, and more.
Merrco is the leading payment provider for the cannabis industry in Canada as well. So, we can offer your CBD industry clients the best, most secure, transparent and compliant payment solutions.
2. Competitive Rates
Your clients are already spending funds on things like paying employees, inventory and utilities. The last thing they want to worry about is a payment processor that charges exorbitant fees.
As a reseller, you will need to research prospective payment processing partners’ buy rates, processing statements and monthly minimums. This ensures that you select one with the best rates for your clients.
Merrco offers competitive rates because we understand your clients and their business needs.
3. Products and Services
Merrco has a wide range of products for online and brick-and-mortar CBD stores. We offer our clients payment processing solutions like:
Retail (card present)
Ecommerce (card not present)
Virtual terminal
Mobile, recurring, gift card and multi-currency offerings
We also process all major domestic and international credit, debit and prepaid card brands, such as American Express, Visa and Mastercard. Your clients can use any of our solutions to grow their business.
4. Easy Integration
Your clients must use a CBD payment processor that allows them to integrate their credit card processing system with a broad range of POS and ecommerce software.
Merrco uses API integration that can help their business more efficiently. API integration allows your clients to integrate with their preferred software tool or ecommerce shopping cart while monitoring their business performance and providing your clients with a seamless shopping experience.
5. Lucrative Revenue Share Program
Partner with Merrco and share in an attractive revenue structure from the merchants you refer, generating additional recurring revenue. Additionally, our partners receive regular reporting packages on their referral portfolio, as well as updates on accounts that go live.
6. Security
We take security seriously. Businesses in high-risk industries are just as prone to fraud and scams as businesses in other sectors. This is why your clients need a payment processor like Merrco, which is Payment Card Industry Data Security Standards (PCI DSS)-compliant. Merrco alleviates your customers’ worry about security or PCI compliance. We handle all that when we allow payments through debit, credit or other payment methods.
7. Technology
Merrco offers its clients leading technology in the payment processing space. We keep our clients up to date with the latest technology in payment processing to give them a competitive edge and help them deliver the best service to their customers.
For instance, this year, we introduced our proprietary payment platform solution, PayHQ, to the U.S. market. It handles transaction authorization, settlement and funding. This omnichannel payments platform makes it possible for your clients to seamlessly integrate payment processing into their business. And, we can white label it for you!
8. Customer Service
As a reseller, you understand how important it is to be there when your clients need you. Merrco is similar in that regard. We know that sometimes some things may go wrong with payments, so we are available 24/7 to provide solutions such as troubleshooting, fraud protection and data security.
Merrco is the Best Payment Processor for CBD Businesses
We help CBD companies in the U.S. and Canada by providing secure, intelligent and transparent payment solutions.
Merrco understands how complex running a business in this highly regulated sector is. We have the experience and capability to help your clients navigate their business in this industry.
We provide secure payment solutions, offer your clients’ businesses the latest technology in payment processing and can give them an edge over their competitors.
How Can Merrco Help?
One of the best things you can do for your clients is to help them find a suitable payment processor that understands their business. Merrco, with its experience, products and partnerships, can be the payment processor your clients need.
You can get started with us and provide your clients with one of the best payment solutions on the market today by filling out our Get Started form, and we will be in touch with you in no time. If you have any questions, you can email our experienced experts at info@merrco.com or call our toll-free line at 1-800-957-0534.