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Spotlight Innovators

ounded in 2001 and headquartered in Memphis,
Tennessee, Impact PaySystem made their mark
on the payments industry with their Petroleum
F Services. Impact’s Executive Team is composed
of industry veterans, with over 75 years’ combined experi-
ence implementing creative solutions for their customers.
Through strategic alliances with industry leaders like First
Data, Elavon, and Vantiv, Impact PaySystem is able to design
unique solutions for merchants’ individual needs. Product
solutions include credit and debit card processing, PIN
secured and signature-based debit, wireless solutions, gift
card, check services, loan products, Click2Don8 proprietary
donation product and development services.

What’s New:

Easy CBD and hemp boarding

s laws and regulations evolve, so does business. In fact, a new or changing law can even create an entire emerg-
ing business market. Such is the case with the CBD (Cannabidiol) and Hemp market. Now that the sale and
usage of these products have been legalized in many U.S. states, a major outcropping of new storefronts, dis-
A tributors and licensed growers have emerged. However, like many new markets and product lines that have
yet to establish a stable history, businesses operating within this industry are viewed as higher risk by domestic payment
processors. “Traditionally, this type of merchant is challenged to find a reliable partner for processing, since they’ve been
deemed high risk within the industry,” stated Emily Karawadra, President of Impact PaySystem LLC. “With few domestic
options available, these merchants have to process offshore and deal with authorization issues and high decline rates,
profiled by the card issuers as fraud.”
New domestic offering
Impact PaySystem LLC has taken the lead in securing a domestic processing program for businesses in the CBD and
Hemp industry that enables them to process domestically and forego the process of looking for services offshore. In fact,
by offering the new domestic program to a CBD wholesaler, Impact PaySystem was able to increase that company’s sales
immediately.“ The business was having a 27% decline rate on a daily basis,” explained Karawadra. “When we diverted
his volume to our domestic program, his decline rate decreased to under 1%, and this change impacted his company’s
bottom line instantly.” According to Karawadra, prior to adopting Impact PaySystem’s domestic processing solution, this
merchant also had to wait days to see his funds. “We were able to offer next day funding to him, which considerably
helped his cash flow,” she affirmed.

Robust processing solution
Much like they do for other business verticals, Impact PaySystem offers same-day approvals for CBD and hemp industry
clients. They can also accommodate recurring billing or online subscription functions whenever the merchant has a need
for them. Moreover, the list of products that can be supported by the new Impact PaySystem program is extensive. The list
of products that are permitted includes:
• CBD Supplements & Vitamins
• CBD Beauty Products
• CBD Pet Products & Dog Treats
• CBD Isolates & Hemp Oil
• Reoccurring Online Orders
• CBD Vape Oil & Pens (Retail Only)
• CBD Creams & Topicals
• CBD Edibles & Gummies
• CBD Sprays & Pain Relief
• CBD Terpenes & Extracts

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