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 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.
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
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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.
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/
04 Jan, 2023
Staying informed about your state and U.S. cannabis licensing is key to the growth of your business and future opportunities. During Arcview's Town Hall you'll hear from A-list speakers, key business owners, influencers and regulators. The webinar will discuss resources within a state, industry challenges, advances and what’s on the horizon for 2023. What - Arcview Town Hall: Federal Cannabis Updates. When - Thursday, January 26, 2023. Time - 4:00pm ET / 1:00pm PT. Where - Online. Free webinar. Who - Everyone is welcome! Cost - Free. Registration - Registration – More info and free sign up https://www.meetup.com/cannabis-entrepreneurs-investors RSVP - Let us know you're interested in this topic with an RSVP in our networking group, but be sure to register directly with Arcview. Share this event with your friends! Meetup Event Sponsorship Opportunities . Promote your products or services to 10,000. Check out our Sponsorship packages . Host – Catherine M. Zito, CEO Cannabis Business Solutions, Inc. has been the organizer of the 3300+ member Cannabis Entrepreneurs and Investors Meetup for seven years. She is also the organizer of Colorado Cannabis Network with 1100+ members.
04 Jan, 2023
International speaker, author and motivational coach, David B. Wilkinson shares tips on how momentum and shifting your mindset can help you grow personally and scale your business. You'll learn about intentional focus, balance, expanding your perspective, increasing revenue, acquiring new customers, recruiting a loyal team and secrets for long term success. What - How to Create Momentum for Success Webinar. David B. Wilkinson, 20 years experience as an speaker, author and coach. When – Thursday, January 19, 2023 Time – 3:00pm EST | 1:00pm MT | 12:00pm PST Where – Online Zoom webinar. Advanced registration required. Who – Everyone is welcome! Cost – Free Registration – Free sign up https://www.meetup.com/cannabis-entrepreneurs-investors Event Sponsorship Opportunities . Promote your products or services and reach over 10,000. Check out our Sponsorship packages Host – Catherine M. Zito, CEO Cannabis Business Solutions, Inc. has been the organizer of the 3300+ member Cannabis Entrepreneurs and Investors Meetup for seven years. She is also the organizer of Colorado Cannabis Network with 1100+ members.
event networking sponsorship
13 Oct, 2022
Networking event sponsorships provide businesses with branding opportunities that lead to new customers, sales and a fun and interactive experience that builds trust and credibility. 

“We specialize in cannabis and CBD business networking events,” says Catherine M. Zito, host of the 3,300+ member Cannabis Entrepreneurs and Investors Meetup. “We built our networking group over the past seven years and launched a sponsorship program to connect local and national businesses with our members who have successfully become new customers, patients and investors.” 5 Benefits of Networking Event Sponsorships Select a sponsorship that specifically reaches your target market. Look for a combination of a live event with digital promotions. Align with a reputable event or organization. It’s better to stand on the shoulders of giants than marketing on your own. For startups, a networking event is a great place to start. You’ll build new relationships and a customer base fast. Networking events provide lead generation. Remember, the gold is in the followup!
 Event sponsorships build trusting relationships. You'll receive instant credibility and branding.
 
“We recommend sponsorships include in-person events combined with digital promotions pre and post event,” says Zito. “It’s a newer concept that works better than being only a sponsor for a day. It takes multiple efforts to promote products and services so when a company sponsors one of our events, they receive immediate credibility. It’s really the easiest and fastest way for a startup or any business to brand their company and meet new customers. View our past 100 events and sign up for free to receive future networking and educational updates. https://www.meetup.com/cannabis-entrepreneurs-investors /
By Catherine Zito 27 Jun, 2022
Learn about CBD, Hemp and Delta products, services and plant science. Browse more than 400 booths from leading hemp brands, learn about the latest in wellness and alternative health, enjoy sessions with leading experts and network the biggest players in the game. 50% off any ticket. Share with your friends! Event: KushCon Trade Show Dates: Saturday, August 6 and Sunday August 7, 2022 Where: Tampa Convention Center. East Hall, Meeting rooms 18-21. 333 S Franklin St, Tampa, FL 33602. Parking Options Full Agenda, general Info - https://kush.com/kushcon/ At checkout use our special discount code MEETUP https://www.eventbrite.com/e/kushcon-2022-tampa-bay-tickets-269115109537?discount=MEETUP
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