Trust Payments payment gateway and acquiring services have been taken on by rapidly growing CBD oil start-up The Tonic to ensure fast, secure and reliable payment acceptance
LONDON, 28rd January 2018: Trust Payments announced today it will be furthering its growth in the CBD oil industry thanks to its provision of an integrated payments ecosystem of payment gateway and acquiring solutions to CBD oil business The Tonic. Founded in 2017, The Tonic offers a number of premium CBD products packed with cannabinoids available to relieve the symptoms of a number of health conditions.
Trust Payments’s payment gateway facilitates 3D Secure transactions for The Tonic, meanwhile ST Group’s acquiring arm, acquiring.com, provide merchant services to process payments. By choosing to incorporate both parts of the group’s payments landscape, The Tonic have ensured that they will be able to benefit from a seamless, integrated payment system, with the full suite of Trust Payment’s products available to them.
“We spent the first 6 months of business repeatedly facing brick walls while trying to source a payments company that were bold and brave enough to take on a new CBD retailer,” Kate Henderson, Director of The Tonic said. “The challenges included incompatibility between payments provider and website developer, lack of faith in us as a new business, legal grey areas and the inability to acquire sufficient insurances. Like a beacon of light, Trust Payments appeared, offering the reassurance, expertise and professionalism that we were looking for. Craig guided us through the entire process and liaised with our web developers on our behalf to ensure a smooth process. Since running our website with Trust Payments in place we have seen online sales increase 500%!”
“We are an acquirer that take time to understand the customers model, and work with them to provide an intelligent payment system that matches their business goals,” Craig Brightly, Head of Sales at Trust Payments added. “With traditionally ‘high-risk’ businesses, in sectors such as CBD, other acquiring banks often failed to do this. We’re happy to work with merchants in these lesser-known, but exciting industries, which is why Tonic Tribe have already enjoyed a lot of success with Trust Payments.”
To discover how Trust Payments and acquiring.com can help your CBD business provide a simple, fast and secure payment system for your customers, get in touch today on 02936912697.