I run a vape shop directory and we have had a listing from a vape shop in the United States that also sells CBD products. 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 shop directory. We do not sell CBD products such as CBD oil. We only provide marketing services to CBD companies. I have checked out Holland & Barrett – the UK’s Leading Health Retailer and if you take a close look, you will see that they sell a fairly extensive range of CBD products, specifically CBD oil and they also happen to accept PayPal as a payment method. It appears that PayPal is applying double standards to different companies. As a result of this restriction, I can no longer accept PayPal on my CBD-related website. This has restricted my payment options and now, I am heavily reliant on Cryptocurrency payments and direct bank transfers. I have consulted a solicitor from a Magic Circle law firm in London and they said that what PayPal is doing is entirely illegal and discriminatory as it should be applying a uniform standard to all companies. I am yet to consult another lawyer from a US law firm in London to see what PayPal’s legal position is in the United States. In the meantime, I would be highly appreciative if anyone here could provide me with alternative payment processors/merchants that work with CBD companies.
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