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22 January 2020 09:40 | Springdale
I take care of a vape company submission site and we have had a listing from a vape shop in the USA that also offers CBD product lines.
A Month later, PayPal has written to use to say that our account has been restricted and have asked us to remove PayPal as a payment method from our vape store web directory. We do not market CBD product lines for example, CBD oil. We only supply advertising professional services to CBD companies.
I have taken a look at Holland & Barrett-- the UK's Leading Health Retailer and if you take a good look, you will discover that they sell a comparatively substantial range of CBD products, specifically CBD oil and they additionally happen to take PayPal as a payment method.
It appears that PayPal is applying double standards to different companies. As a result of this specific limitation, I can no longer accept PayPal on my CBD-related business website. This has restricted my payment choices and at this time, I am heavily reliant on Cryptocurrency payments and direct bank transfers.
I have consulted with a barrister from a Magic Circle law practice in The city of london and they mentioned that what PayPal is doing is absolutely against the law and discriminatory as it should be applying a systematic standard to all suppliers. I am still to consult one more attorney from a US law firm in The city of london to see what PayPal's legal position is in the United States.
Meantime, I would be highly appreciative if anyone here at %domain% could supply me with substitute payment processors/merchants that work with CBD providers.
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