Xplor Technologies Launches Comprehensive Payment Processing for CBD Retailers to Capitalize on a Rapidly Growing Market

  • The new comprehensive point-of-sale and payment processing solution enables CBD retailers and industry partners to operate profitably, easily manage day-to-day operations, and comply with nutraceutical regulations.

  • CBD sales in the United States are expected to exceed $20 billion by 2024.

ATLANTE, June 30, 2022 /PRNewswire/ — Xplor Technologiesa global platform integrating software, payments, and commerce-accelerating technology for “everyday life” businesses, today announced a new solution to help businesses selling cannabidiol (CBD) products to better market, manage and grow their business.

CBD sales in United States (United States) are expected to exceed $20 billion by 20241, but today’s retailers who sell these products have been left behind by many leading payment providers. Many of these small businesses have struggled to fully establish themselves, due to the complexity of local and federal regulations for CBD sales in the United States.

Xplor Technologies has created a seamless way for small and medium businesses to accept payments, retain customers and succeed in this rapidly growing market. Also known as Clearent, Xplor Technologies is now one of the few providers offering reliable payment processing specifically designed for the CBD industry.

With this launch, they offer the powerful market-leading combination of a secure and reliable payment platform; for-profit programs such as cash discounts and surcharges; and integrated inventory management, marketing and loyalty tools. This unique combination will help CBD retailers create sustainable buyer communities as they seamlessly accept payments across multiple sales channels and more easily promote their products to consumers. The solution also offers the possibility of reducing operating costs by making back-office tasks more efficient.

“We look forward to supporting CBD businesses with our bespoke Xplor Pay POS solution, which will help them reduce operating costs, improve profitability and build lasting relationships with repeat customers,” said Matt Morro, Chief Revenue Officer, Xplor Pay at Xplor Technologies. “We understand the pain points that CBD retailers face, and we’re uniquely positioned to help them not only overcome them, but also drive more value in this exciting and fast-growing industry.”

With a proven track record supporting businesses in complex and highly regulated industries, Xplor Technologies is committed to helping CBD retailers and industry partners stay compliant with stringent regulations governing the sale of CBD products. Xplor has a dedicated team to keep abreast of federal, state, and local CBD regulations. Additionally, its CBD payment processing solutions continuously leverage risk monitoring tools, helping businesses avoid unplanned shutdowns and surprises. In 2021, Xplor Technologies served 800 partners and helped more than 78,000 companies process $31 billion in payments.

“Every day, more businesses are looking for effective ways to securely accept payments for CBD sales. By integrating Xplor’s secure processing technologies into our software, WAAVE is well positioned to meet the growing demand by providing a seamless payment experience for delivery, online and in-store CBD sales,” said Silvana Carpanelli HayesFounder and CEO of WAAVE Technologies.

Xplor Technologies’ bespoke CBD solution is now available for US retailers. To learn more, visit: https://clearent.com/cbd-payment-processing/

About Xplor Technologies

Xplor Technologies is a global platform combining SaaS solutions with integrated payments and commerce acceleration technologies. Xplor provides enterprise-grade SaaS solutions for SMBs in “everyday life” verticals: child care and education, fitness and wellness, field services and personal services, as well as a platform global cloud-based payment processor.

With operations through North AmericaAustralasia, Europeand the UKXplor serves more than 78,000 companies that have processed over $31 billion in payments, operating in 140 countries in 2021.

Xplor Pay (Clearent), enables merchants and partners to accept payments anywhere, anytime, through our full suite of payment solutions, including point-of-sale, e-commerce, mobile, application, recurring billing, electronic billing and automatic reconciliation. .

To learn more, visit: https://www.xplortechnologies.com/

1 According to a report by BDS analysis and market research Arcview.

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