Lower prices. Speak with an expert: (877)-715-4501. 5% + 10¢. Kratom merchant accounts is an all-in-one solution to accept, process payments online or in your mobile app — from small business to large wholesalers and distributors. Corepay: Best For Mail Order/Telephone Order Businesses. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. Tap, dip, or swipe transactions. Selling CBD is perfectly legal in the United States. More on CBD Payment Processor Highriskpay. Make Merchant Account Approval Easier If you want to move forward with a CBD oil merchant account , there are steps you can to improve your chances of approval. What’s Required to Get a CBD Merchant Account. This booming industry has prompted many people to launch their own CBD businesses, yet many are running into challenges selling. Because the CBD industry is relatively new, it may be prone to fraudulent business activities and frequent chargebacks. . 3. Up-to-date certificate of analysis (COA) for CBD products. The merchant must grant the processor access to scan their POS system intermittently, and usually once a month, to ensure no unapproved products have been added to the merchant offerings. The first step to applying for a high-risk merchant account approval for CBD oil online payment processing is to find a credible account provider. 8. based companies shouldn’t be treated like offshore merchants. Our cannabis card processing solution is only available in the 39 states in which the sale of cannabis is legal to purchase and sell. S. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. S. CBD Payment Solutions offers industry leading credit card processing, ACH, payment solutions for CBD. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. When you’re searching for the right CBD payment processor you may find that many high-risk merchant accounts come with high fees, and it can be helpful to shop around for a CBD payment processor with lower fees than other companies. In addition to providing extra flexibility with the use of your. In need of a merchant credit card processor for my online ecommerce store where we sell Full Spectrum Hemp Extracted Cannabinoids: (CBD, CBG, CBDA). Low Rates. While the industry standard for high-risk payment processing is four days from the date of the transaction to the time of the deposit, electronic funds transfer processed by High Risk Pay will typically reach your account in 24–48 hours. A CBD merchant account and payment processor. Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of. These are NOT the cannabis plants grown for marijuana and hashish. Research necessary regulations. 4729 or fill out a contact form to get in touch with our sales team to learn more about our MERCHANT CASH ADVANCE and other payment solutions. Our team is dedicatedto getting you approved. But, in general, the portal can manage and track your payments, communicate with your payment processor, and organize. CBD merchant accounts are payment processing accounts specifically designed for businesses that deal with CBD products. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. To be issued a merchant account, you must show three to six calendar months of processing history. As an online CBD merchant, it can be challenging to find a bank that is willing to accept your business. eMerchant Broker: Best for High Approval Rate. We would like to show you a description here but the site won’t allow us. Since the obligation is between the acquiring. Shopify leaves this verification up to you, so it’s always important to do your homework. PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. Fill Out an Online Form. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. 3%; the processor shuts down the merchant’s total processing until the added product is removed. Online the rate is 2. We have done this by creating an industry-specific and professionally tailored merchant account for CBD businesses. At the end of the day, getting approved for a high-risk CBD merchant account will boil down to how prepared you are when applying for one. However, due to the risks and regulations associated with the CBD industry, entrepreneurs will find that doing so for this particular business presents a new set of challenges. This is the same kind of merchant account that a high-risk merchant uses, except that it has been approved to sell products derived from CBD and hemp. You must choose and set up a third-party payment gateway that supports the sale of hemp and hemp-derived CBD products. The Importance of a Thorough Merchant Account Approval Process. With quick settlement of processing funds. Our average approval time is less than 48 business hours!Rating: Excellent. You must have a pre-approved CBD merchant processor to partner with this CBD dropshipping supplier You must place and pay for your first order when joining To join the Joy Organics Partners Fulfillment Program, they charge your credit card $625. An approved CBD merchant processor; A sales tax license; Can you dropship CBD on Shopify? Shopify is by far the #1 Ecommerce platform on the market. Mon - Fri: 9:00 am - 5:00 pm; Apply Now. A CBD merchant account is a merchant account that has been specifically approved fro use in processing payments relating to the sale of CBD products. Fax: (818) 741-2252. Instant approvals might seem enticing, but they can lead to unforeseen complications. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. com is one of the leading High Risk Merchant Account providers of credit card processing & payment gateways to businesses with bad credit. Whether you are a startup CBD merchant, a mid-sized business, or a huge company processing millions per month, you can get a CBD account easily. Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal compliance within the CBD sector. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. In a blog post dated June 17, Thrive Market CEO Nick Green said: “In early June, we received a notice from our merchant processor demanding that we cease the sale of all hemp and CBD products on. As a result of these factors, CBD merchants must use a specialized high-risk merchant account with their Authorize. But if our online merchant account application will still raise too many questions, your dedicated high-risk merchant services expert will walk you. Once you apply for and receive approval for a CBD oil merchant account, you will then be able to fully utilize the payment processing portal. Moreover, they share all of the details and legal regulations around payment processing in. Only a few merchant processors approve merchant accounts for CBD businesses. The Merchant Category Code is a four-digit number used to identify the business category of a merchant. EPP Merchant: Applicable Tenure: Onetime Processing fee: Jumbo Electronics: 3, 6, 12, 24 months: 1. 420. Card-not-present transactions. 5%-3 months, 2. However, these fees are dependent on the risk level of your business. Bankcard is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. The tricky part here is that Shopify doesn’t provide payment processing for CBD as it’s considered high-risk by banks and processors. What Is An Approved CBD Merchant Processor? If you sell CBD products online, finding a processing company that is approved for CBD transactions can be a challenge. The higher your credit score is, the greater your chances of approval. CBD Merchant Accounts are Still Evolving. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. We make it simple for you to get a CBD merchant account in as little as. We are a CBD processor who works on making customers happy and we support multiple payment options such as credit cards, debit cards, and ACH. Plus, you’ll never be charged a setup fee or application fee. Easy Pay Direct: Best For Transparent Pricing & A Domestic Merchant Account. Have a shopping cart compatible with our dropshipping management system (coming soon) Have an approved CBD merchant processor. A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. That’s why it’s critical to turn to a reputable credit card processor like emerchantbroker. debt related services, CBD, kratom, cannabis, health supplements, or businesses that have an elevated risk of. Epidiolex contains a highly purified form of the drug substance CBD for the treatment of seizures. Based out of Sherman Oaks, California, PaymentCloud has been in business since 2010. The two companies ahead of Shopify are Woocommerce and Squarespace. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. eMerchantBroker – Based in Los Angeles, eMerchantBroker offer high-risk merchant accounts for CBD oil and hemp retailers. 2. If you’re a “hard-to-place” merchant, like a medical marijuana dispensary or hemp oil manufacturer, you likely face difficulty. Whether you are a startup CBD merchant, a mid-sized business or a publicly. That extends to cannabis credit card processing: a card network ban on cannabis transactions has locked state-legal THC licensees out of merchant processing services, preventing them from transacting with debit and credit cards. If you’re serious about taking your CBD business to the next level and establishing a payment processing solution that will last as long as you do, contact us today. CBD businesses are classified as high-risk, so most of the popular merchant account providers are not willing to work with CBD based businesses. E-Cigarette/Vape/CBD Business Whether you are a start-up business looking to make your mark in the industry or a wholesaler that is already processing large volumes, LightFire Merchant Services is the. To get a Shopify CBD account, you’ll have to go through three different processes. Durango Merchant Services: Best for highest-risk businesses. Why Because now I have Merchant Processor For Cbd to believe that the legends of the Bermuda cbd gummies uly Triangle have certain authenticity. Until now. 6. 5% + $0. CBD Legalization in the United States. Electronic checks also process quickly. You’ll be thoroughly vetted prior to approval, though, which can take some time. CBD businesses may be subject to unavoidable high-risk merchant account fees. We make setting up a CBD merchant account a quick, hassle-free process. Fully transparent and compliant merchant accounts; One of the largest, highly recognized US payment processors; Lower Cost, Fast approval times, No early termination fees; Retail or eCommerce merchant accounts; Whether you run retail stores or an ecommerce website, we have the CBD payment solutions to help you start or grow your business. Benefits of a Kava Merchant Account Services. 3% more THC. If you sell CBD oil, vapes,. Even though hemp, and by extension CBD oil, has been. The following are four of the best providers for CBD merchant accounts: Payment Cloud. PaymentCloud has one of the best acceptance percentages among CBD merchant processing systems. A Thorough Merchant Account Approval Process. 1 Best CBD Merchant Account Providers in 2021. Once you receive approval for a CBD merchant account, your payment processor will send. There aren’t very many CBD limitations on BigCommerce’s platform. Defend your business against uncharted fraudulent activity and chargebacks. (800) 956-1277. You pay 2. The purchase of HighriskPay by Unsafe shows that the CBD market is gaining popularity. To help you on this journey, we've compiled a list of seven qualities you should look for in a payment processing partner for a CBD merchant account. A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. You can then use Authorize. How to apply for a CBD Merchant Account. PaymentCloud is a top recommended credit card processor for kratom businesses. Here are the 15 largest high risk industries that need payment processing. Research and compare different suppliers to find the best fit for your business needs. Apply to receive a payment processing account. com. 8. 27702 Crown Valley Pkwy Suite D4-120, Ladera Ranch California 92694, USA. When applying for a CBD merchant account, it’s crucial to ensure that the payment processor thoroughly underwrites new accounts and performs enhanced due diligence. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. Before we get started, let’s take a look at some frequently asked questions. A New York-based investment bank by the name of Cowen & Co. Easy Integration. Each industry has valuable tips on how to minimize the risks associated with their online payment process. Charlotte's Web is a well-known and reputable CBD supplier with strong brand recognition, which might help with marketing and sales. 3% THC. They have experience in working with both high-risk clients and large, well-established eCommerce stores. 4% + 15¢. While it’s less common than Delta-9 THC, the psychoactive ingredient that most cannabis users know best, more and more is being learned about this cannabis ingredient. Georginix charges a $625 fee to join their program and requires a pre-approved CBD merchant processor. com. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. “BigCommerce Goes Green“. Clover POS: Best For Sophisticated Processing Hardware. First Card Payments offers consultation and payment processing services for CBD merchant accounts. These are NOT the cannabis plants grown for marijuana and hashish. Georginix is a big and responsive supplier with laboratory-tested products and integrated ship station fulfillment program, but requires a pre-approved CBD merchant processor and a $625. Merchant account providers, such as ourselves, specialise in finding a solution for your industry. PaymentCloud is also one of the top rated merchant services providers in the credit card processing. 3% of THC, the substance in marijuana that causes a high. The approval timeline for a CBD merchant account may vary depending on the processing company and the amount of information provided during the application process. The key lies in finding the right partner for CBD credit card processing. With its free virtual terminal that enables businesses to track CBD sales easily, PaymentCloud has one of the highest approval ratings of all CBD merchant processing solutions. CONTACT INFO (800) 956-1277. If you continue to. 2. It is flexible and can scale with your business. Card on file transactions. How To Increase Your Chances Of Getting Approved For A CBD Merchant Account Typical documentation required for a CBD merchant account is as follows: Government-issued photo identification. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. It doesn't have to be. 5% + 15 cents when you manually key in a transaction. If your application is in full working order. 25 per transaction. Without some type of service in place, you would only be able to accept cash (or checks, if you choose). Property management companies processing monthly rental payments. We offer fair, transparent pricing for high-risk merchants, starting from 1. Less chance of mistakes and discrepancies. Here their processing company will collect the necessary information. Discover how to reap the benefits and access the key component for processing CBD payments. 3. Trustpilot. 03%. CBD merchants of all sizes are welcome to apply. As a result, you get the most favorable merchant accounts available for CBD payment processing. Corepay: Best For Mail-Order/Telephone Order-Only Accounts. Looking for high risk CBD merchant services? Contact High Risk Payments today to learn more about our tailored solutions for CBD merchants. Lastly, you need a trusted CBD manufacturer or supplier, especially if you opt for dropshipping and plan to market your. But proponents claim it can have significant health benefits. 95% + $0. We do everything we can to make the application process simple, easy, and painless. In this blog, we’ll break down everything you need to know about. 1-800-988-2215. You partner with a CBD-friendly payment processor and merchant account; That all may sound like a lot, but it’s rather easy to get CBD-friendly payment processing and merchant accounts if you’re in. (Even low-risk businesses can wait up to 1-2 business days for approval. But proponents claim it can have significant health benefits. A. Recent Stories. We can help you navigate the complexities of CBD payments, identify suitable payment solutions. CBD Merchant Account; Continuity Subscription Merchant Account;. Instant approval hardly means instant for high-risk merchant accounts. Read on for everything you need to know about high-risk processing. Durango Merchant Services: Best For Offshore Merchants. These funds are available in regular merchant accounts within two business days, but high-risk merchant accounts may have longer wait times. 3 Best for Fast Approval Process: PayKings. Table of Contents About cbd merchant processing shopify CBD Friendly Payment Processors (High Risk Payment Processing providers). 75% rate comparable to a low-risk merchant account. Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal compliance within the CBD sector. 1. We specialize in compliant processing for CBD, D8, D9, D10, Hemp, Kratom & PIN-based debit cannabis sales. Online: 16 agents CBD Merchant Account As a CBD business owner, you deliver relief to your customers—now let PaymentCloud deliver payment processing relief to you! We’re. Its free virtual terminal allows business owners to track CBD sales easily. CBD is thought to have an array of health benefits. Besides leasing POS systems, Bankcard International offers several CBD payment gateways and integrations with e-commerce platforms like Shopify. This includes B2B and. In order to accept credit card payments for CBD, you must open a merchant account. According to Mastercard (SRP, Section 11. Since we serve lots of high risk merchants or people who need to open merchant accounts for bad credit, we know how to get results fast. To help you on this journey, we've compiled a list of seven qualities you should look for in a payment processing partner for a CBD merchant account. To get a Shopify CBD merchant account, you’ll have to go through a three-step process: CBD Merchant Account Application Process. Many banks consider CBD sellers "high-risk," making merchant services — like simple credit card processing — a struggle. FREE Account Set-Up. S. You can fill out an online form detailing information about your business and CBD products. Be denied services. Lastly, you need a trusted CBD manufacturer or supplier, especially if you opt for dropshipping and plan to market your products. Get the best high risk merchant account for your industry. This means that CBD merchant accounts are exposed to a larger-than-usual degree of chargebacks and fraud, which will naturally unsettle a large, risk-adverse institution like US Bank. It’s not a stretch to say a lack of CBD payment acceptance capabilities leaves many businesses dead in the water. Set up complete ACH and eCheck payment options to accept and initiate direct deposits. 99% approval Having trouble getting approved for your high risk merchant account? Did you know HighRiskPay approves 99% of all applicants! FAST APPROVAL. Each payment processing portal you consider will be a bit unique. 0330 122 6418; Support;. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. 2110) allows grower/processors to obtain hemp only from a person holding a permit issued by the Department of Agriculture to grow hemp. Charlotte's Web is a large and recognizable supplier with potential for better sales. S. [2] CMS-Connected. 96. SMB Global: Best for Ultra High-Risk Merchants. We offer lower prices than the competition and 20 years of expertise. Or, call us at 877. If a product has. These accounts are typically offered by specialized payment processors that specialize in working with high-risk businesses. Working with a reliable processor makes both you and your customer feel safe. 2% THC. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. Charlotte's Web is a huge company with strong brand recognition, which can help with marketing and sales of their products. Never miss a sale with powerful new ways to accept credit cards, anytime, anywhere in the U. Immersed in Knowledge and Focused on Your. At Signature Payments, we provide custom accounts for your business. Whether it is an oil, gummy, lotion, or even suppository, cannabidiol, also known as CBD, has quickly become one of the most popular health and wellness products on the market. We specialzie in CBD & High Risk Processing. Merchants have had to deal with unconventional payment and non-transparent payment solutions for years with some combination of ridiculous pricing, inconvenient funding terms, holdbacks and reserves, and the issue of being shut down months after getting approved. Whether you sell vapes, supplements, or anything in between, Shift4 is the perfect payment solution for businesses in high-risk industries. This is when you need to dedicate your time to researching high-risk payment processors with experience in the field, high-quality customer service , low rates, and fraud protection . That means you need to apply and be approved for a merchant account under one of the following processing platforms. As mentioned, as a high-risk merchant, it’s critical that your payment processor is equipped to handle high-risk transactions. Individuals interested in selling merchant services will want to become an Independent Sales Organization, otherwise known as an ISO. CBD sellers cannot process electronic payments without a merchant account. A standard retail "swipe" merchant account does not allow processing of these "card-not-present". The key lies in finding the right partner for CBD credit card processing. CBD is one of the industries classified as “high-risk” in payment processing due to a variety of factors. EMB offers CBD-friendly merchant accounts to businesses in nations all over the globe. However, many providers, seeing the demand, have stepped in to provide merchant services tailored especially for the industry. If you are selling CBD products online, you need a payment processor that is familiar with the industry and knows how to work with you. Need a Merchant Account for your CBD Online Store? High Risk Merchant Account & Payment Gateway Provider⚡ Instant Approval Contact us ☎ (800) 956-1277. Delta-8 THC is one of the four most common cannabinoids. S. Instabill also requires a six-month rolling reserve from each merchant. Limelight is regarded as one of the best tools for CBD transactions. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. If you're selling CBD or hemp products: Humboldt is now offering safe and secure payment options for your industry that include reliable and affordable credit card processing!Thorough merchant account approval process . Spread your CBD Credit Card purchases of AED 500 or more into an Easy Payment Plan for up to 12 months at 0% interest. CBD merchant processing has been a revolving door of bank solutions that first say. Here are a few of the merchant processors that currently allow for CBD product sales along with a brief description of what customers have to say: DigiPay Solutions: DigiPay Solutions specializes in high risk industry transactions. Due to the higher-risk categorization, the CBD industry often uses alternative payment processors such as HighRiskPay. High Risk Merchant Account Instant Approval; About us; Rates & Fees; Contact Us (800) 956-1277. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. A CBD merchant account is a merchant account that has been specifically approved fro use in processing payments relating to the sale of CBD products. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. The fees seem competitive on the surface for the Square CBD program. Establishing a merchant account is a necessary step in any business, and a simple one, in most cases. Due to the higher-risk categorization, the CBD industry often uses alternative payment processors such as HighRiskPay. Products Approved: Hemp-Derived Flower, CBD Oils & Tinctures (Human), CBD Oils & Tinctures (Pets), CBD Topical. Georginix charges $625 to join their program. The “auto-approved” accounts had hardly any oversight…which allowed for those less than reputable marketers to jump in and start selling using things like free trial offers. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. ECS’s services and solutions include: Credit card processing. Considering the whopping figure, any merchant would want to take advantage of this profitable market. Our Bank and Processor have worked within federal. They might take you on at first. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. Nick B. G. However, the general steps are similar; Identify the right payment processor. All payments processed while participating in the CBD Program, including non-CBD items, will have the following costs: Payment Method. However, most banks and processors still do not allow CBD merchants on their platforms. Instabill. Delta-8 THC is found in small percentages in most strains of the cannabis plant. Update Nov 2019: I’ve spoken to the guys at GroovePay and they have an application process for CBD vendors. GET STARTED. The merchant must grant the processor access to scan their POS system intermittently, and usually once a month, to ensure no unapproved products have been added to the merchant offerings. 9% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (invoices only), and 3. It is important to note that third-party credit card processors will only work with those who sell CBD oil that is low-THC, made from industrial hemp as CBD oil from marijuana is considered a controlled substance. Total set-up time is 15 days. Lightfire Merchant Services is a Premium Merchant Services Provider specializing in servicing those within the E-Cigarette/Vape/CBD industry. Research necessary regulations. In most cases, when looking for a merchant account, the onboarding process is relatively fast. Keys to Getting Approved for CBD Merchant Processing. Farm Bill legalized the cultivation and sale of hemp and hemp-derived products with THC levels under 0. Credit Cards; Online. Be Honest About Your Business Model Finding a high-risk merchant service provider is a rewarding feeling but it is only the initial step in securing approval. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. 2795 Openly Accepting Hemp and CBD Industry Merchants with Domestic and International Solutions Available to Fit Your Needs Learn More Get Approved with Low. APPLY. Merchants that process high transaction volumes or transaction amounts may be subject to a high-risk merchant account. Open a Merchant Account. As the regulatory framework with the FDA gets worked out, the murky legal and banking procedures leave more “traditional” processors wary of taking on the risk associated with the CBD and cannabis industries. What Is An Approved CBD Merchant Processor? Transform your business with a specialized CBD merchant account – allowing you to accept credit card payments and get express authorization from the service provider for selling hemp-derived goods. Transaction fee: 4. Low Fees, That Stay Low. Here are the types of businesses that can benefit from a high-risk merchant account. However, these fees are dependent on the risk level of your business. Durango Merchant Services: Best For Offshore Merchants. You will need to integrate a third-party CBD merchant account into your online store. There are things to do to avoid your CBD Merchant Account being shut down by the credit card processor and the banks. Once you setup your store and input your products, add the shipping app like ShipStation. M. Twitter Facebook-f. CBD Merchant Credit Card Processors. Bankcard is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. They offer competitive high-risk rates and top rated customer support. Steps for Setting up a POS System for CBD Merchants. Banks underwrite and. PayKings –. Pinpoint Payments values your business and helps protect it: Industry-leading fraud prevention Real-time chargeback management “High-risk” merchant accounts . CBD Merchant Processing Providers Businesses that are considered high risk have to know who the right CBD merchant processing providers are. Dedicated Support. - #1 Kratom Merchant Processor Since 2009 - Kratom Merchant Accounts. A CBD merchant account is a dedicated CBD retail processing account and a CBD eCommerce account that allows merchants selling CBD and Delta-related products to accept debit and credit card payments. Soar Payments: Best for. 2. Yes to you, and yes to your business! Premier One was founded on a simple principle: give every business the merchant services they need so they can grow in volume, profitability and reputation. Avoid Claims: Banks do not want to see any types of claims on. 5 Best for High Volume Offshore Processing: SMB Global. This marks a significant step towards financially managing your CBD business. If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts. family. Application – Apply to receive a payment processing account. Georginix is a big supplier with fast response times and valuable advice, but your website must be compatible with ShipStation and you must have a pre-approved CBD merchant processor to partner with them. (Written on 9/18/19)Q: Are Pennsylvania’s hemp processors now allowed to sell their processed CBD products to the Medical Marijuana grower/processors? A: No. 2 Best for External CBD Products: PaymentCloud. Choose the right system to meet your needs. This means merchants in the field can’t secure payment processing for CBD businesses easily. Durango: Best for International Businesses. With easy integration, our top-of-the-line products give you more flexibility to accept payment for CBD and Delta 8 however and whenever you like. Cova Software:. 7. Apply now for your CBD Merchant account. Get even more from your Chase relationship with business banking, credit cards and other tools to help you grow. Instabill. The BC Liquor Distribution Branch (LDB), under the brand BC Cannabis Stores, only sells non-medical cannabis produced by licensed producers approved by Health Canada. Recognize that obtaining approval for CBD processing might entail a longer timeline compared to non-CBD sales. Some merchant processors have accepted that CBD is here to stay, and are now allowing transactions on CBD products both online and in-person. Stellar Financial Track Record. Launching a new CBD WooCommerce website on WordPress is exciting, especially when you have a real passion for the products you sell and the customers you serve. A Thorough Merchant Account Approval Process. Any high-risk merchant account is going to cost more than a similar low-risk one. Secure, reliable payment processing. Also, only CBD products derived from EU-approved strain of the hemp plant with < 0. The Importance of Partnering with a Seasoned CBD Payment Processor With greater acceptance of CBD products in the marketplace, they’ve been able to get thousands of CBD payment gateways approved. Our offerings include a reliable, affordable, and safe credit card processing along with ACH. A CBD merchant account refers to a merchant account specifically designed to accept and manage electronic payments for all kinds of CBD products. The best rates for CBD credit card processing in the USA and Canada. With this being said, rates are subject to change as this program is still in beta testing. Keep in mind that Shopify has only opened this up for US-based. Benefits of a Kava Merchant Account Services. Merchant account providers, such as ourselves, specialise in finding a solution for your industry. 4. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. As such, Square’s CBD processing fees are higher than Square’s standard processing fees. Created for CBD e-commerce and retail merchants. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started.