PayDiverse matches high-risk retailers with service provider banks who need long run processing relationships. They can present cost processing for CBD and vape merchandise. Their self-service service provider portal simplifies the service provider account utility course of by gathering service provider knowledge digitally, using digital signature and digital doc add capabilities.
Location: 68 Second Avenue, Backyard Metropolis, New York 11530
E-mail: [email protected]
Tel: (855) 745-7488
PayDiverse’s large community of service provider financial institution companions ensures that they’ll present a processing answer for nearly each high-risk business. Additionally they assist retailers cut back their chargeback ratio by making use of for a number of service provider accounts directly.
PayDiverse’s environment friendly utility course of saves retailers money and time. Additionally, their large community of banks will increase the possibility of utility approval. 15+ years of expertise permits us to present our prospects knowledgeable service and recommendation. They concentrate on serving to high-risk retailers who:
- Have been rejected by different service provider banks
- Battle with extreme chargebacks
- Have had their service provider accounts terminated
- Don’t know the place to seek out high-risk service provider banks
As an skilled excessive threat service provider account supplier, They’ve recognized important reoccurring cost processing points for top threat retailers.
- Banks and service provider processors reject companies they categorize as high-risk
- Retailers are accepted however terminated a short while later with out entry to their cash
- The antiquated utility course of infuriates retailers, due to the time-consuming paperwork that banks require. Their guess is that you’ve got higher issues to do than scan or fax a pile of delicate paperwork.
They spent the previous couple of years sourcing all high-risk service provider banks to make sure they companion with solely those that may maintain their retailers open long-term. PayDiverse examined every financial institution, and recognized which banks are the suitable match for each high-risk enterprise sort.
Additionally, they now have the most important community of high-risk banks within the business and might provide each high-risk enterprise sort a minimum of 4 totally different banking options. They’ve constructed a expertise platform to simplify the appliance course of for his or her retailers and supply them entry to their sturdy community of banks.
PayDiverse units you up with 4 totally different service provider banks to begin processing, to mean you can diversify your gross sales quantity and decrease the chargeback/threat publicity to all of your accounts.
- They’ve a big community of pre-approved again up banks on your business prepared to interchange any of the unique 4 service provider accounts within the occasion they’re terminated.
- All of their banks have been completely examined for each excessive threat business sort. The banks they set you up with really perceive your online business and anticipated processing efficiency.
- Excessive utility acceptance charges
- Lengthy-World-class customer support and assist
- Massive community of high-risk banking companions
- Fraud prevention instruments
- On-line portal which saves you priceless time
- Fast approval course of
CBD Cost Processing
With multi-bank options which were examined in your business, PayDiverse’s CBD service provider companies can be sure that your utility will solely be submitted to banks that work with companies like yours.
PayDiverse’s on-line common utility, which is built-in with quite a few banks, assures a fast CBD utility and approval course of so you can begin accepting bank cards instantly.
By setting you up with a number of banks and robotically diverting percentages of your processing quantity to every financial institution, they cut back threat the publicity to every account and reduce the possibility of account terminations.
Financial institution Redundancy
PayDiverse have developed a community of Home, Offshore and ACH Financial institution relationships that present cost gateways and settle for CBD companies. In case your account will get flagged, they’ll transfer to a number of backup banks with minimal downtime.
PayDiverse will beat or match any processing fee! Discuss to them about what quantity of processing you anticipate they usually’ll provide the greatest fee obtainable.
Funds are transferred to your account in simply 48 hours. Receives a commission rapidly with automated transfers.
PayDiverse provides bank card processing for a lot of well-liked e-commerce platforms. Their service provider account can interface immediately together with your web site! Additionally, they presently assist WooCommerce and Shopify integrations for CBD transactions.
They don’t suggest Stripe, PayPal, or Sq. platforms for CBD and hemp transactions as a result of they shut incessantly, leaving retailers to maneuver cost processing to a different supplier. PayDiverse has expertise migrating your bank card processing from these platforms to others that we work with. This ensures peace of thoughts with protected and safe hemp & CBD bank card processing.
- Coloration Copy of Drivers License or Authorities Issued Picture ID
- Doc displaying Proof of Firm Registration (Sole Proprietorship, LLC, ETC)
- Voided Test/Financial institution Letter
- Three Months Financial institution Statements (private if you happen to don’t have enterprise)
- Three Months Processing Statements (if obtainable)
- EIN Letter
- Articles of Incorporation
- Success Settlement (if relevant)
- Lab Outcomes / Certificates of Evaluation for merchandise bought on web site
- Web site
- URL/Web site will need to have THC of .3% or much less and/or Authorized in ALL 50 States
- Web site will need to have authorized firm title and handle listed on footer of touchdown web page; phrases & circumstances web page; privateness web page; refund/return coverage; delivery coverage; contact web page with customer support quantity and card model logos on the checkout web page
As a brand new business, it is necessary that CBD retailers keep their accounts with banks and bank card processors. Constructing good histories will enhance the probability that banks finally see CBD retailers as a reputable and viable enterprise that they’re prepared to work with. Some issues retailers can do to maintain their accounts in good standing embody:
- Preserve historical past with bank card processors
- Constantly carry out a excessive gross sales quantity
- Maintain a excessive stability in enterprise accounts
- Dispute chargebacks at any time when attainable and again up disputes with sturdy proof
- Stay clear in all communications together with your banks and cost processor
Adhering to those requirements is one thing any enterprise ought to attempt for, nonetheless, in a brand new, high-risk business, it’s extra vital than ever. Right this moment’s CBD retailers are pioneers of their business, that means the best way they deal with their monetary accounts will set the usual for a way banks select to work with retailers on this business for years to come back.
Along with creating a greater title for the business, retailers who maintain their accounts in good standing will increase the probabilities of elevating their gross sales potential and processing limits.
PayDiverse appears to be like ahead to offering your CBD enterprise with business main cost processing options and award-winning fraud prevention instruments. Making use of on your high-risk service provider account is a straightforward on-line course of, they usually can have you ever up and operating with their full vary of companies inside 48 hours of your approval. To use for his or her high-risk CBD service provider account:
- Apply on-line utilizing their safe type
- Digitally signal your utility
- Submit your supporting paperwork
That’s it! As soon as they’ve obtained your utility and paperwork, PayDiverse will evaluate it and supply a solution inside 24 hours.
After approval, they’ll give you what it is advisable to start processing funds inside 48 hours. You’ll be arrange with fraud prevention that’s built-in into your cost gateway, in addition to entry to PayDiverse’s on-line portal the place it is possible for you to to handle your account and monitor fraud and chargebacks.
To extend the probability of approval, you should definitely full all questions in your utility type. All solutions supplied have to be truthful to one of the best of your data. Their underwriters will confirm the accuracy of all data supplied. Conserving your account balances excessive will confirm your talents to maintain accounts in good standing. Moreover, a well-constructed marketing strategy, competent possession, and a very good processing historical past will enhance your probabilities of opening a CBD service provider account with PayDiverse.
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