Recent years have seen a wave of new cannabinoids arrive on the scene, and HHC is one of the most exciting of them all. Many savvy entrepreneurs in the cannabis industry are eager to get involved with HHC, but in order to set up your HHC business, you’ll need an HHC merchant account. This guide will cover all you need to know about HHC merchant accounts.
Before we look at what an HHC merchant account is and how to get a merchant account for HHC businesses, let’s look at what HHC actually is. The acronym HHC stands for hexahydrocannabinoid. Like CBD and THC, HHC is a cannabinoid, but it has some very unique features that set it apart from the other cannabinoids on the block.
According to the latest studies and reports, HHC can have incredible potential applications and offer a range of benefits to users. Indeed, some research suggests that it can offer all of the same benefits as the ever-popular CBD, along with other special advantages, like a sense of euphoria and joy. It’s no surprise, therefore, that demand for HHC is rising all the time.
The High Risk HHC Industry
The history of HHC goes all the way back to the 1940s. It was first discovered by Roger Adams, an American scientist. He crafted his own batch of HHC by mixing Delta 9 THC with hydrogen molecules. Through the chemical process of hydrogenation, HHC was born.
To make HHC, CBD has to first be extracted from a hemp plant and isolated into powder form. From there, a controlled quantity of hydrogen can be added to the CBD, leading to the creation of HHC. HHC is therefore a synthetic cannabinoid, which means it needs to be made with technology, rather than simply extracted from the plant in a natural state.
And what can HHC do? Well, according to researchers, it offers a range of benefits and can have several effects on the human body, such as relieving pain, soothing feelings of nausea or discomfort, helping people feel less stressed or anxious, and promoting a more relaxed, chilled, euphoric state.
Some studies have even linked HHC with the shrinking of tumors in cancer patients, which suggests that there could be a lot of potential medicinal applications of this particular synthetic cannabinoid in the years to come. However, as with any other cannabinoid, more research is required to fully understand how it works and what it can do.
What Is an HHC Merchant Account?
In order to set up an HHC merchant account and start selling HHC to customers, you’ll need to have an HHC merchant account. But what is an HHC merchant account and how do these kinds of accounts work? Well, before we look at the specifics of HHC merchant accounts, it’s a smart idea to learn the basics of merchant accounts in general.
A merchant account is a special kind of business account that allows companies to receive electronic card payments from their customers or clients. So, if you want to sell products on the internet and have customers from different locations be able to pay you for those products, you need to have an HHC merchant account in order to process those payments.
In the modern world, more and more people are shopping on the internet for all sorts of goods and services, so it’s becoming increasingly important for businesses to have merchant accounts. This is particularly true in the world of cannabis and hemp goods, such as HHC, as online stores are often the only places for people to buy certain products like Delta 10 THC and HHC.
Difficulties Obtaining HHC Merchant Accounts
It’s clear to see that if you want to get involved with HHC sales or run an HHC-oriented business, you simply have to have an HHC merchant account. However, the process of actually getting these kinds of accounts can be a long and difficult one, and many HHC business owners struggle to obtain the HHC merchant accounts and services that they need.
There are a few reasons behind this. The main issue is that HHC is part of the hemp/cannabis industry, which is seen as a very risky industry in general. Many banks and financial institutions worry about associating themselves with an industry that operates in such a legal gray area and still has many taboos associated with it.
There’s also the fact that HHC is still quite a new product that requires more testing and analysis before we can truly be sure about how it works, what benefits it has to offer, what potential risks it could cause, and so on. Until more is known about this product and regulations have been developed to control how it can be made, sold, and used, banks may be reluctant to work with HHC companies.
Apply For A HHC Merchant Account
Clearly, there are quite a few challenges and problems associated with obtaining an HHC merchant account. So what are you supposed to do if the banks you want to work with simply reject your applications and refuse to provide the HHC merchant accounts and services you require? Well, that’s where Shark Processing comes in.
At Shark Processing, we specialize in helping high-risk businesses obtain merchant accounts and services. We know all about the high-risk payment processing challenges that you may have to face when running an HHC business or any other kind of high-risk company, and we’re here to help match you with the right payment partner to move forward and grow your brand with ease.
In other words, we can help you get the high-risk HHC merchant account you need, and we’re waiting to hear from you and find out more about your project. So feel free to give us a call today and speak with a member of the Shark Processing team. We’ll find out all about your project and tell you exactly how we can help you get the very best HHC merchant account to meet your needs.
(800) 567-3019
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