What is PayPal and what do they do?
PayPal is a payment processing company that allows businesses to accept online payments. PayPal has been around for over 20 years and is one of the most popular payment processors in the world.
The reason why PayPal is not allowing CBD companies to use it as their payment method
However, PayPal has a strict policy against working with businesses that sell CBD products. According to PayPal, CBD is considered a “high-risk” product and is not allowed to be sold on their platform.
This policy has been in place for a few years, but it’s only recently that PayPal has been cracking down on CBD companies. In the past, many CBD businesses were able to get around PayPal’s policy by using a different business name or changing the product description.
However, PayPal has been getting better at detecting CBD businesses, and many companies have had their accounts shut down in recent months.
What this means for the CBD industry
If a CBD company, such as Nordic Oil, does not offer PayPal as their payment option, it does not mean that they are not a serious business. It simply means that they want to comply with the rules and not try to find loopholes.