16 February 2020 08:32 | Weierfing
I operate a vape shop submission site and we have had a listing from a vape store in the United States that similarly retails CBD goods.
A Calendar month later, PayPal has contacted use to explain that our account has been restricted and have requested us to get rid of PayPal as a payment method from our vape store website directory. We do not promote CBD product lines like CBD oil. We only deliver advertising and marketing services to CBD providers.
I have checked out Holland & Barrett-- the UK's Major Health Retail store and if you take a close look, you will see that these guys sell a comparatively considerable stable of CBD items, mainly CBD oil and these guys likewise happen to take PayPal as a payment method.
It looks that PayPal is applying double standards to different suppliers. As a result of this specific restriction, I can no longer accept PayPal on my CBD-related website. This has restricted my payment alternatives and currently, I am greatly reliant on Cryptocurrency payments and direct banking transactions.
I have sought advice from a lawyer from a Magic Circle law firm in London and they mentioned that what PayPal is doing is completely against the law and discriminatory as it should be employing a consistent criterion to all suppliers. I am yet to speak with another lawyer from a US law practice in The city of london to see what PayPal's legal position remains in the United States.
Meantime, I would be extremely appreciative if anyone right here at %domain% could provide me with substitute payment processors/merchants that work with CBD providers.