Online Credit Card Payments Not Being Accepted At This Time
Evalon and other Merchant Processors, quietly began offering merchant services to hemp-derived CBD businesses last fall. (“Merchant services” refers to a banking relationship that allows a business to accept secure credit card or debit card transactions.) In May 2019 these financial institutions pulled out of the CBD arena. Of course, much has happened between last fall and the present: Congress passed the 2018 Farm Bill and Congress is working on a CBD financial bill. Uncertainty abounds in this industry, and financial channels are caught in the middle.
The merchant service providers gave client companies a 45-day grace period to continue doing business and find a new financial alternative (at this time there are NO domestic solutions). All merchant service providers are closed to CBD companies at this time although Paradise Valley Products does have a work-around.
Paradise Valley Products would like to thank our customers for calling in to confirm payment on their order.