CBD
At Reach Global Finance, we believe that exceptional service goes a long way. Headquartered in the heart of New York City, we understand the fast pace of the business world and offer a wide range of payment and merchant processing services to fill your business needs. We offer you the best rates, Point-of-Sale Equipment, recurring billing, card present and card not present solutions, just to name a few of the benefits your business can attain. We want you to succeed, and we are here to guide you every step of the way.
OUR MISSION
We spoke to some small business owners in the CBD space, and they had a few things to say about selling in this industry. For those with brick and mortar stores, selling has been a challenge, because there is only so many times you can ask customers to pay by cash without risking the loss of valuable clients. But paying by card was a last resort. If they managed to procure a merchant processor, it came at a high price, with processors offering 10% + fees, they could end up paying up to 25% per transaction! And for ecommerce companies this was even worse – unable to take cash payments, doing business was virtually impossible without giving away a huge percent of each sale.
THE CHALLENGE
Finding banks that would work with us to procure the lowest processing rates for High Risk businesses proved to be a challenge, despite CBD having gained exponential popularity in the health and fitness world. In fact, the CBD therapeutics segment is growing at CAGR of 27.4% and is expected to generate annual revenue of $9.30 billion by 2026. Even so, venturing into this high-risk sector was no simple task.
OUR SOLUTION
CBD is a high-risk industry, even with strict regulations. Fortunately, with the right processor, you can avoid the potential finance predicaments and succeed in your venture. At Reach Global Finance, we offer over 65 payment gateways that can transact in more than 100 countries and currencies. Our gateways are digitally integrated with different payment technologies and card types.
We worked tirelessly that you should be able to do business, with the peace of mind that you are paying the lowest rates and receiving the best service. Working hand in hand with top banks and experts and we are proud to present you with merchant processing made with your business in mind, helping your business grow and reach its full potential.
