SCOTTSDALE, Ariz., April 18, 2019 /PRNewswire/ -- Hypur Inc. (Hypur) announced today that its electronic payment solution for online, retail and business-to-business (B2B) transactions is now available for hemp and CBD merchants throughout the United States. For businesses that sell hemp-derived products, including CBD, finding payment processing has been extremely difficult due to hemp being on the prohibited list by the majority of U.S. financial institutions. Hypur enables businesses to process consumer and B2B transactions for CBD and hemp products securely and compliantly.
For consumers, Hypur enables easy, secure payments to merchants that sell hemp and hemp-derived products, including CBD. Hypur's method of facilitating payments is secure and does not rely on offshore processors. Instead, consumers can use Hypur to pay online or in-store through a direct transaction between their bank account and the merchant's account with confidence that their money and personal information is safe.
"Hypur's electronic payment solutions for hemp and CBD companies fill the void left by failed payment solutions for the hemp industry," says CEO Christopher E. Galvin.
Hemp and CBD merchants can use Hypur to accept payments at their retail or online locations and can also use Hypur to complete B2B transactions with their suppliers.
Hypur is the leading provider of electronic payment technology for cannabis and hemp companies. Hypur's secure, transparent payment platform provides electronic payments for cannabis and hemp-based transactions. With features such as Facial ID, Touch ID and auto check-in, the Hypur app dramatically improves the in-store or online payment process for both consumers and merchants. Hypur can be used for order-ahead, delivery, online, in-store and business-to-business transactions.