Blog Post

Choosing the Right CBD and Cannabis Payment Processor: Why Square Falls Short and Cannabis Business Solutions Excels

Jul 03, 2023

Shifting the focus to maximize your profits, build a long term business with lower rates and more customer service.

In the ever-expanding hemp and cannabis industry, selecting a reliable and cost-effective payment processor is vital for your business’ success. Unfortunately, Square, a popular choice for many industries, is not an ideal solution for the specific needs of CBD and cannabis merchants. 



Cannabis Business Solutions (CBS) as the superior alternative, offers merchants safe compliance, lower rates, exceptional customer service, and the freedom to switch processors at any time. CBS spends time with merchants to learn about their goals and needs including retail, ecommerce and mobile processing for hemp and cannabis businesses. Clients include CBD retailers, medical dispensaries, adult-use recreation retailers, physicians, cultivators, processors and ancillary companies that support the industry with unique products and services.

What Customers Say About Square’s high fees and website limitations

Square's CBD processing fees, though publicly available, are not suitable for the hemp and cannabis industry. Square’s rates can range anywhere from 3.8% + $0.30 to 4.4% + $0.15 per transaction. These unfair fees can significantly impact the profitability of CBD and cannabis merchants.

Recognizing the need for a payment processor that caters specifically to the hemp and cannabis industry, Cannabis Business Solutions (CBS) offers clients more favorable rates compared to Square. With rates ranging from 3.0% to 3.5% + $0.10 per transaction, CBS significantly reduces processing costs, allowing businesses to maximize their profits.

Square has faced criticism for several aspects of their services
  1. Website template limitations: Square's website templates cannot be transferred to another payment processor, forcing businesses to start from scratch and potentially impacting their online presence. Many medical cannabis physicians have become hostage to Square by using their patient in-take form. It’s easy to get in, but almost impossible to get out.

  2. Account suspension and fund holds without notice: Square has been criticized for suspending merchant accounts without clear explanations or advance notice, causing disruptions to businesses' operations and financial stability. Square's practice of placing holds on funds has frustrated many merchants causing inconvenience and cash flow disruptions.

  3. Limited customer support: Users have reported difficulties reaching Square's customer support or receiving timely assistance, particularly for complex issues or account suspensions.
Cannabis Business Solutions: Superior Rates and Unmatched Service

In addition to competitive rates, CBS distinguishes itself with its commitment to customer service, integration with most shopping carts and POS systems. The CBS team goes the extra mile by providing personal service over the phone, including weekends. This personalized approach allows clients to have direct conversations with knowledgeable professionals, ensuring their questions are promptly addressed and their needs are met.

One of the many advantages of using CBS services is the absence of application fees and long-term contracts. Merchants do not pay any upfront costs, and they are not bound by lengthy commitments. The flexibility to leave at any time is empowering for businesses, as they are not tied to a specific processor. This freedom provides them with the opportunity to explore alternative options without financial penalties.

It's time to empower your CBD and cannabis business with a payment processor that understands and caters to your specific needs. Choose Cannabis Business Solutions for unbeatable rates, exceptional service, and the freedom to thrive in the rapidly evolving hemp and cannabis industry. Your success starts with the right partner by your side!

For a complimentary consultation visit CBScannabis.com or contact Catherine M. Zito, CEO Cannabis Business Solutions, Inc. at (813) 486-2416 / cz@catherinezito.com 
By Catherine Zito 28 Oct, 2024
Florida is on track to become the nation's largest marijuana market! Join 200 attendees, sponsors, and vendors, for this exciting networking and educational event. Industry leaders will discuss key topics; 22 new MMTC licenses, cannabis rescheduling to Class III, the SAFE Banking Act, MMTC mergers, and the Amendment 3 adult-use initiative. Don't miss this opportunity to grow your business in the expanding cannabis market! What - The Future of Adult Use and Medical Marijuana in Florida When - Monday, Nov., 18, 2024 from 7:30am-5:00pm. Where - Donald L. Tucker Civic Center. 505 W Pensacola St, Tallahassee, FL 32301 Host - Medical Marijuana Business Association of Florida Meetup - Stop by the Cannabis Business Solutions booth and meet your Meetup host, Catherine Zito, along with Scott Curtis, COO of First Port City Bank. More info - Cannabis Entrepreneurs and Investors Networking Group Ticket Special - Receive $25 any ticket with discount code: CBSINC . General admission inc. breakfast, lunch, speakers and networking. $275 p.p. Non-Profits $200 p.p. Register today !
cannabis friendly banking
By Catherine Zito 23 Oct, 2024
Looking for safe, compliant banking for your cannabis business? At Cannabis Business Solutions, Inc., we offer free introductions to over 60 privately held cannabis-friendly banks. Whether you're running a medical dispensary or adult-use cannabis retail business, we can connect you with secure financial services to ensure long-term success. Learn more at cbscannabis.com.
Cannabis Business Solutions, Inc. CBScannabis.com. CBD-Infused Beverages
28 Jun, 2024
CBD-Infused Beverages for in-store retailers and ecommerce businesses. Catherine Zito, CEO of Cannabis Business Solutions shares about the trends, consumers, payment processing and sales projections.
By Catherine Zito 29 Jan, 2024
The growing hemp and cannabis business faces some tricky issues when it comes to getting paid. But don't worry! Cannabis Business Solutions offers a straight forward approach to make the application process simple and smooth. CBS helps hemp, Delta, medical and recreational cannabis and related businesses with easy and efficient payment processing, whether you're selling in stores, online or mobile. Nobody likes the stress of their credit card account or bank suddenly closing for no reason. Catherine Zito, CEO of Cannabis Business Solutions, Inc. and the organizer of the three largest U.S. hemp and cannabis networking groups with over 6,000 members says this issue happens too often. Starting a business can be overwhelming, especially with payments. But a good payment processor should handle all the complicated items, like compliancy, keeping customers data safe, and offering an alternative to cash transactions. This is crucial, as relying solely on cash can expose staff and the business to the risk of theft. A hemp or cannabis friendly bank is required before making an application for merchant credit card processing. CBS works with over 60 banks and credit unions across the country. “Our job is to find the perfect fit for each merchant and give competitive rates to make sure they make the most money,” says Catherine Zito. Banks aren't all the same, so our good relationships make it easy for businesses to find a bank and apply for merchant processing without any fees or long contracts. We're here to give special help that fits each business's needs. We strongly advise seeking out a reliable individual or company to assist you with payment processing in the ever-evolving cannabis and hemp industry. For more information or to schedule a complimentary consultation, visit CBScannabis.com .
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By Catherine Zito 28 Oct, 2024
Florida is on track to become the nation's largest marijuana market! Join 200 attendees, sponsors, and vendors, for this exciting networking and educational event. Industry leaders will discuss key topics; 22 new MMTC licenses, cannabis rescheduling to Class III, the SAFE Banking Act, MMTC mergers, and the Amendment 3 adult-use initiative. Don't miss this opportunity to grow your business in the expanding cannabis market! What - The Future of Adult Use and Medical Marijuana in Florida When - Monday, Nov., 18, 2024 from 7:30am-5:00pm. Where - Donald L. Tucker Civic Center. 505 W Pensacola St, Tallahassee, FL 32301 Host - Medical Marijuana Business Association of Florida Meetup - Stop by the Cannabis Business Solutions booth and meet your Meetup host, Catherine Zito, along with Scott Curtis, COO of First Port City Bank. More info - Cannabis Entrepreneurs and Investors Networking Group Ticket Special - Receive $25 any ticket with discount code: CBSINC . General admission inc. breakfast, lunch, speakers and networking. $275 p.p. Non-Profits $200 p.p. Register today !
cannabis friendly banking
By Catherine Zito 23 Oct, 2024
Looking for safe, compliant banking for your cannabis business? At Cannabis Business Solutions, Inc., we offer free introductions to over 60 privately held cannabis-friendly banks. Whether you're running a medical dispensary or adult-use cannabis retail business, we can connect you with secure financial services to ensure long-term success. Learn more at cbscannabis.com.
Cannabis Business Solutions, Inc. CBScannabis.com. CBD-Infused Beverages
28 Jun, 2024
CBD-Infused Beverages for in-store retailers and ecommerce businesses. Catherine Zito, CEO of Cannabis Business Solutions shares about the trends, consumers, payment processing and sales projections.
By Catherine Zito 29 Jan, 2024
The growing hemp and cannabis business faces some tricky issues when it comes to getting paid. But don't worry! Cannabis Business Solutions offers a straight forward approach to make the application process simple and smooth. CBS helps hemp, Delta, medical and recreational cannabis and related businesses with easy and efficient payment processing, whether you're selling in stores, online or mobile. Nobody likes the stress of their credit card account or bank suddenly closing for no reason. Catherine Zito, CEO of Cannabis Business Solutions, Inc. and the organizer of the three largest U.S. hemp and cannabis networking groups with over 6,000 members says this issue happens too often. Starting a business can be overwhelming, especially with payments. But a good payment processor should handle all the complicated items, like compliancy, keeping customers data safe, and offering an alternative to cash transactions. This is crucial, as relying solely on cash can expose staff and the business to the risk of theft. A hemp or cannabis friendly bank is required before making an application for merchant credit card processing. CBS works with over 60 banks and credit unions across the country. “Our job is to find the perfect fit for each merchant and give competitive rates to make sure they make the most money,” says Catherine Zito. Banks aren't all the same, so our good relationships make it easy for businesses to find a bank and apply for merchant processing without any fees or long contracts. We're here to give special help that fits each business's needs. We strongly advise seeking out a reliable individual or company to assist you with payment processing in the ever-evolving cannabis and hemp industry. For more information or to schedule a complimentary consultation, visit CBScannabis.com .
cannabis networking event
By Catherine Zito 27 Oct, 2023
Join us for our highly anticipated 100th Ultimate Networking Party and network with 150 guests. This event is an exceptional opportunity for B2B and B2C professionals to connect with industry elites. Forge valuable connections, explore limitless possibilities, and elevate your business. Experience the vibrant atmosphere of The CURRENT Hotel, Marriott Autograph Collection with complimentary valet parking. This will be a sell-out event; secure your tickets today and gain access to this exclusive networking event.
Best CBD and Cannabis Payment Processor, Cannabis Business Solutions
03 Jul, 2023
Cannabis Business Solutions (CBS) as the superior alternative, offers merchants safe compliance, lower rates, exceptional customer service, and the freedom to switch processors at any time. CBS spends time with merchants to learn about their goals and needs including retail, ecommerce and mobile processing for hemp and cannabis businesses.
By Catherine Zito 22 Apr, 2023
Gain insights from prominent industry experts and connect with respected physicians, medical professionals, sports, attorneys, bankers, financiers, operators, and entrepreneurs. Don't miss this chance to expand your knowledge and network in the rapidly growing medical cannabis industry. What - 6th Florida Medical Cannabis Conference & Expo When - June 2-4, 2023 Where - Rosen Centre Hotel, 9840 International Dr., Orlando, Florida Meet - Lunch and happy hour networking. Join your Meetup host Catherine Zito during either the lunch (12p-1p) or evening reception (5:30p-7p) in the expo hall, Saturday, June 3. Two free drink tickets with your conference ticket. Tickets - Receive 25% off any ticket. Includes education sessions, exhibit hall, networking receptions, drink tickets, continental breakfast, lunches, refreshment breaks, conference name badge, program and email list of attendees. 2 ways to buy become a free member of Cannabis Entrepreneurs and Investors or visit FMCCE . At checkout use discount code FCEIMG . Register today! Exhibitor and Sponsor Specials - Interested in a booth or sponsorship to showcase your products or services? Contact Catherine Zito at cz@catherinezito.com or mobile (813) 486-2416. Speaker Opportunity - More info https://fmcce.com/call-for-speakers https://fmcce.com/call-for-speakers
By Catherine Zito 22 Feb, 2023
Meet the biggest names in cannabis, enjoy high-level networking, live company presentations, insider panels and exhibit hall. Join us for food, receptions, VIP lounge and after-parties! Benzinga offers two days for the cannabis industry and the third day is dedicated to the business of psychedelics. These events are geared toward the B2B space, but consumers are welcome too. What - Benzinga Cannabis Capital Conference Cannabis Conference - Apr 11 - 12, 2023 (Two-day cannabis conference and expo) Psychedelics Conference - April 13, 2023 (One-day psychedelics conference and expo) Where - Fontainebleau Hotel, 4441 Collins Ave, Miami Beach, FL Who - Cannabis executives and entrepreneurs Tickets - 20% off all tickets! Free sign up at Cannabis Entrepreneurs and Investors 3,400+ members or the Colorado Cannabis Network 1,000+ members. Exhibitor Specials - Interested in a booth or sponsorship to showcase your products or services? Receive 25% off any booth. Contact Catherine M. Zito to discuss sponsorship options and special discounts. cz@catherinezito.com or mobile (813) 486-2416. NEW Meetup Sponsorship Opportunities - Market your products or services with one of our Meetup Anytime-Anywhere Sponsorships. Reach to 10,000-40,000. Check out Sponsorship Options
https://www.meetup.com/cannabis-entrepreneurs-investors/
By Catherine Zito 01 Feb, 2023
Join thousands at the exciting 3-day Alternative Products Expo in Fort Lauderdale, FL. 100 FREE Tickets! March 3-5, 2023. Visit https://www.meetup.com/cannabis-entrepreneurs-investors/
Happy Hour Networking 2-9-23 Cannabis Entrepreneurs and Investors
By Catherine Zito 10 Jan, 2023
Free happy hour networking at Sparkman Wharf, Tampa, FL Feb. 9, 2023. Sign up https://www.meetup.com/cannabis-entrepreneurs-investors/
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