esquire bank merchant services cbd

December 15, 2021 By admin Off

And the list goes on. This new market is booming, and yet because of legacy perceptions and legal restrictions, there are numerous hurdles to clear when jumping into this market.

One of the fastest growing industries in the United States is the CBD space, which includes all businesses that are producing and marketing products based on the compound found in the cannabis flower. Still highly regulated and not legal in some states, these businesses have seen rapid growth and success through a broad variety of new products to help people and even pets.

However, success in this marketplace is not without challenges. And one of the biggest challenges is finding a reliable, trusted financial partner to help with the most basic of business needs – processing payments from customers and securely managing those receipts in a bank account. When looking at a broad variety of well-known sources, here’s how these news outlets categorize some top challenges for a CBD business in recent articles:

Selecting the right banking partner can go a long way to removing these barriers. CBD businesses should find a bank partner that not only will accept such accounts, but actually select a bank that FOCUSES on the unique needs of the CBD industry. A clear leader is the partnership from Esquire Bank and Transaction Services. Esquire Bank has been an innovator in the CBD market for over five years, with a market-leading Hemp/CBD program that includes deposit accounts and loan programs designed specifically for CBD businesses. Likewise, Transaction Services provides one of the most important services that drives business success … payment processing. With robust technology and market-leading customer service, Transaction Services has created unique payments solutions, including online e-commerce and virtual payment terminals, to help CBD businesses grow quickly.

We offer more than solutions to help you process payments; we offer complete banking packages designed specifically to meet the needs of businesses like yours. With decades of management experience in the payments industry, Esquire is the partner you need to develop a program that fits your needs.

At Esquire, we not only accept a variety of card-present, mail order/telephone order (MOTO) and eCommerce merchants, we also accept certain non-traditional, higher risk merchants other financial institutions may not. Esquire supports multiple processor platforms and can seamlessly convert your existing portfolios. We can offer our partners customized credit and debit card processing and ACH solutions as well as lending and banking solutions tailored to your firm.