21 March 2020 17:39 | Flixton
I manage a vape store directory site and we have had a posting from a vape shop in the USA that also offers CBD goods.
A Month later, PayPal has written to use to claim that our account has been restricted and have asked us to get rid of PayPal as a payment solution from our vape shop directory. We do not sell CBD items such as CBD oil. We only provide internet marketing professional services to CBD companies.
I have taken a look at Holland & Barrett-- the UK's Top Health and wellness Merchant and if you take a close peek, you will witness that they offer a relatively considerable variety of CBD items, specifically CBD oil and they also happen to take PayPal as a payment method.
It appears that PayPal is administering contradictory standards to many different companies. As a result of this limitation, I can no longer accept PayPal on my CBD-related web site. This has restrained my payment possibilities and currently, I am greatly reliant on Cryptocurrency payments and straightforward bank transfers.
I have spoken to a solicitor from a Magic Circle law practice in The city of london and they stated that what PayPal is doing is definitely unlawful and inequitable as it should be applying a consistent standard to all companies. I am still to seek advice from one more lawyer from a US law office in The city of london to see what PayPal's legal position is in the USA.
In the meantime, I would be highly appreciative if anyone here at vtg-windhag.at could provide me with substitute payment processors/merchants that deal with CBD companies.