Here are the best marijuana payment processing companies & the truth about credit cards. This is a massive leap from the estimated retail sales of CBD-related consumer products back in… Read More »CBD. According to Mastercard (SRP, Section 11. 85% and . These. They provide offshore merchant accounts in addition to high-risk merchant accounts, which are their areas of expertise. Rates begin at 2. 96. Merchant processing is a must for any CBD business. The purchase of HighriskPay by Unsafe shows that the CBD market is gaining popularity. Our commitment to beating competitor rates, dedicated customer service, and thorough rate review. What distinguishes merchant service providers from popular payment services providers is the. Here their processing company will collect the necessary information. We utilize a variety of processing techniques to ensure that your CBD merchant processing is a smooth and simple process. Though selling CBD oil is legal in all fifty states, banks and merchant processors consider our business “high-risk” and getting approved for a merchant account will likely be difficult. Mon - Fri: 9:00 am - 5:00 pm; Apply Now. Apply for a Merchant Account in Mexico now! Contact Option* Call me ASAP Call me anytime today Email me Anticipated Monthly Processing Volume* up to $10,000 $10,000 - $50,000 $50,000 - $100,000 $100,000 - $250,000 $250,000 - $500,000 $500,000 - $1,000,000 $1,000,000+ Not SureAs a high-risk industry, CBD and hemp merchants are subject to stringent compliance and tracking requirements. 3% total Δ9-Tetrahydrocannabinol concentration. Depending on the business’ industry, the history of the business or its owner, these can affect a merchant requires a high-risk merchant account in order to operate. Those that have had greater stability typically come with higher costs and monthly. Merchant account providers, such as ourselves, specialise in finding a solution for your industry. PaymentCloud, situated in California, has produced the best merchant accounts since 2010 and now welcomes CBD companies. Defend your business against uncharted fraudulent activity and chargebacks. Charlotte's Web provides a dropshipping program with a wide range of products,. Although they’re not originally a high risk merchant service provider, Square Payments stepped up their game in 2019 by accepting business with CBD and hemp merchants. It can be tough to find a processor that has a high level of experience working with CBD merchants. com. Currently, PaymentCloud is our top recommendation for talking card payments as a hemp business. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Finding a merchant account for CBD payment processing may take some effort, but it is possible to find a provider that can meet the unique needs of a CBD business. Headquartered in California since 2010, PaymentCloud is a merchant account provider for low, medium, and high-risk businesses, now offering services for CBD sellers. Whether you are a startup CBD merchant, a mid-sized business or a publicly. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. Search. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. FREE Gateway Set-Up. Payment gateways and merchant accounts are generally not CBD friendly, even. Provide us with your info to get started and a payments expert will contact you. To sum it up, here are the 4 best Cbd merchant service providers: National processing – Best for businesses that want low fees and those that have Clover terminals. Instabill. This company specializes in placing high-risk businesses – including those in the CBD industry. GET STARTED. But if our online merchant account application will still raise too many questions, your dedicated high-risk merchant services expert will walk you. Don’t let high fees suck your company dry. Apply today and get a quick approval! Tags: CBD Payment Processing. SMS messages aren't supported. Echeck Processing is available for next day setup!. A CBD merchant has still one more hurdle. We help businesses that would normally get turned away . Call Now: 1-888-839-8688. However, constraints usually come from the payment 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. Our cannabis card processing solution is only available in the 39 states in which the sale of cannabis is legal to purchase and sell. Just make sure to follow FDA regulations to ensure your CBD business is approved for a merchant account to sell. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. Stellar Financial Track Record. Note Code 06 is currently unused but is reserved for future use. Merchant accounts and payment gateways that allow CBD and Hemp Oil to be sold through their networks. 3 Best for Fast Approval Process: PayKings. How To Apply for CBD Merchant Account. For CBD and hemp businesses that operate online, having a reliable and secure payment gateway is crucial. Solutions. Advanced chargeback protection programs. Charlotte's Web is a huge company with strong brand recognition, which can help with marketing and sales of their products. Our processing techniques and account features exist to ensure that merchants selling delta-8 THC and other cannabis products face minimal risks when it comes to processing credit or debit card payments. Here my overlay on our current situation in the CBD industry’s payment sector: Cards (credit/debit): most sought after, high rate of account openings and forced closings due to regulations. Charlotte's Web is a huge company with strong brand recognition. There aren’t very many CBD limitations on BigCommerce’s platform. In addition to higher processing rates, CBD merchants may all see increased chargeback fees, PCI compliance fees, early termination fees, and even merchant account reserve withholdings. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. Any high-risk merchant account is going to cost more than a similar low-risk one. Through our business solutions network, we were introduced to the CBD. 5. Get Started Today. GREENWAY Payments has over 4 years experience specifically with CBD merchants. Until now. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. The term “CBD merchant account” refers to a merchant account that allows you to accept credit card payments and that your service provider has approved for usage in selling items derived from CBD. DigiPay is fully integrated with. Square’s pricing is always transparent. CBD Merchant Account Approval. 3. Supported industries: Adult services, CBD, online dating, vape sales. 3% of THC, the substance in marijuana that causes a high. ” Which, while it may look like a great selling point for the merchants’ CBD Shop UK , it backfired heavily. Easy Sales Tracking. The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. 2110) allows grower/processors to obtain hemp only from a person holding a permit issued by the Department of Agriculture to grow hemp. An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. ACH/Check 21 processing. 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. While these fees don’t result in the best value, the company is transparent about its pricing, making it easy to predict your business’s processing costs. Once you receive approval for a CBD merchant account, your payment processor will send. However, many providers, seeing the demand, have stepped in to provide merchant services tailored especially for the industry. PaymentCloud: Best For High-Risk Businesses. The two companies ahead of Shopify are Woocommerce and Squarespace. Merchant service providers that are willing to take on CBD accounts can be hard to find. S. Any CBD owner knows that merchant processing is challenging and there have not been many stable solutions. 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. CBD is thought to have an array of health benefits. Voided check or bank letter. Pretty standard application process, but they can get you up and running pretty quickly. Our payment processing services offer fraud protection to secure your account and your cardholder’s data. 2. ) When evaluating a high-risk business, merchant service. 2795 Openly Accepting Hemp and CBD Industry Merchants with Domestic and International Solutions Available to Fit Your Needs Learn More Get Approved with Low. 5% + 10¢. Farm Bill legalized the cultivation and sale of hemp and hemp-derived products with THC levels under 0. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Be charged higher pricing for credit card processing. Georginix is a big company that responds fast and gives valuable advice, but requires a compatible website and pre-approved CBD merchant processor. Apply to receive a payment processing account. If you sell CBD oil, vapes,. Our average approval time is less than 48 business hours!Rating: Excellent. Discover how to reap the benefits and access the key component for processing CBD payments. 2. Our average approval time is less than 48 business hours!Rating: Excellent. 6 Best for Flat Rate Pricing: PayWize. Regulated products cannot contain more than (0. Banks underwrite and. PaymentCloud. Durango Merchant Services: Best For Offshore Merchants. com. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. 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. Accepts start-up businesses. Lightfire Merchant Services is a Premium Merchant Services Provider specializing in servicing those within the E-Cigarette/Vape/CBD industry. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. 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. Processing Fees –. Durango Merchant Services: Best for highest-risk businesses. CBD payment processors are merchant service providers that allow businesses to accept credit and debit card payments for CBD products. PaymentCloud is a top recommended credit card processor for kratom businesses. Unlike other types of merchant accounts, CBD merchants must undergo heightened due diligence. CBD merchant processing has been a revolving door of bank solutions that first say. “BigCommerce Goes Green“. 1. Merchant service providers that are willing to take on CBD accounts can be hard to find. Another mind-blowing statistic is that over 26,400 partners referred a merchant to Shopify in one year. You can run in any country you want to work with and register with them to allow you to work with their. based companies shouldn’t be treated like offshore merchants. com is a company that provides its services to CBD. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. However, these fees are dependent on the risk level of your business. PaymentCloud. Approval Timeline For CBD Merchant Account. You need to submit the application form and supporting documents. Get the best high risk merchant account for your industry. Users also rave about eMerchant Broker’s onboarding experts and 24/7 customer support staff. Due to all the legal complexities and state-specific regulations associated with the CBD industry, many traditional banks and payment processors usually avoid working with CBD businesses, leaving them. Trustpilot. Some processors even provide their customers with debit card and credit card acceptance, security solutions, PCI compliance assistance , and value-added services. 1. We provide Smoke Shop Merchant Accounts credit card processing with Free POS and 2. Signed merchant application. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant. Have you heard about a CBD store available in your area? CBD is used to address anxiety and for patients suffering from the misery of insomnia. We provide Smoke Shop Merchant Accounts credit card processing with Free POS and 2. At Corepay, we specialize in high-risk processing, with. To sum it up, here are the 4 best Cbd merchant service providers: National processing – Best for businesses that want low fees and those that have Clover terminals. Easy Integration. 75% rate comparable to a low-risk merchant account. net account. (Even low-risk businesses can wait up to 1-2 business days for approval. First, your business must find a CBD merchant account provider. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. This includes processing for hemp wholesale, distributors, sellers of hemp-derived products, or other. We utilize a variety of processing techniques to ensure that your CBD merchant processing is a smooth and simple process. So, on March 14, nearly all CBD brands began scrambling for a new solution before losing. Mon - Fri: 9:00 am - 5:00 pmHemp is federally legal in the U. There were many issues with. 8. Then connect your store to your CBD dropshipping supplier’s system and boom. Essentially, a CBD merchant account provides businesses with the ability to accept debit and credit card payments from customers. CBD Merchant Accounts are Still Evolving. Bank statements will likely be requested (again, prepare at least three to six months’ worth). SMB Global: Best for international merchants. 10 Host Merchant Services: Best for large high-risk businesses. it would be challenging to continue processing CBD-related transactions without the company’s knowledge. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. 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. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. CBD Merchant Service was established to provide real payment processing solutions for real businesses involved in selling CBD and hemp products. 5 Best for High Volume Offshore Processing: SMB Global. Based out of Sherman Oaks, California, PaymentCloud has been in business since 2010. We would like to show you a description here but the site won’t allow us. How to receive payments for CBD products. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. Clover POS: Best For Sophisticated Processing Hardware. EMB takes pride in getting 99% of our applications approved for our all-inclusive payment processing and funding solutions. In certain cases, businesses listed below may be eligible for processing with explicit. CBD Payment Processing 101. Let’s Talk About the CBD Industry. These startup businesses, companies selling vaporizers, CBD products, and software to marijuana users or marijuana companies, were kicked off payment processors and other mainstream business. Lower prices. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin processing payments as. HighriskPay provides virtual terminal solutions for retail payment processing. Nick B. business checking account is one of the requirements to open a high-risk merchant account. At Paybotic, we keep detailed sales records and will help you remain compliant by completing audits and submitting required documents. Merchants using Shopify Plus can contact the Merchant Success team for guidance and dedicated support in completing the steps required to sell hemp or hemp-derived CBD products on Shopify. FINALLY, we have the first 100% above board, legal CBD merchant accounts in the US & Canada. We expect this to continue until the banking and financial industries are able to adjust and catch up to the new laws around CBD products. Need a Merchant Account for your CBD Online Store? High Risk Merchant Account & Payment Gateway Provider⚡ Instant Approval Contact us ☎ (800) 956-1277. Here at The CBD Processors, we have years of experience in merchant processing and POS equipment. Right now the program is under construction and will be launching in late 2023. See morePaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. Host Merchant Services is a Newark, Delaware-based merchant account provider that may be a great fit for a hemp business. Credit card payments are deposited through ACH directly into the account. In 2019, Shopify began supporting the sale of hemp and hemp-derived cannabidiol products. One of the reasons not all payment processors can offer CBD merchant accounts is the sponsor banks. Some of the features of your CBD merchant account may include: Multi-bank processing (including off-shore) No reserve. Corepay: Best For Mail Order/Telephone Order Businesses. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. Only a few merchant processors approve merchant accounts for CBD businesses. The best CBD payment processor helps you get approved fast for your CBD merchant account. And rates 50% lower than most other companies offer. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD vape merchant account approval process started. The CBD processor HighRiskPay. Once you receive approval for a CBD merchant account, your payment processor will send your processing hardware and equipment and get you integrated. However, if you prefer to explore your options with Square, there is more to consider. Here are the types of businesses that can benefit from a high-risk merchant account. (877) 441-6801. If a product has. [2] CMS-Connected. Let Us Solve Your CBD Payment Processing Issues. Understand more about being in high risk verticals by researching payment review websites with key information. We also provide alternatives for CBD merchants looking for a merchant account! 1-800-988-2215. Many people think that faster is better, but that's not. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. They also cater to high-risk businesses like vape and CBD companies. 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. 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. G. For instance, when selling CBD products on Shopify, you cannot use Shopify Payments. Considering the whopping figure, any merchant would want to take advantage of this profitable market. This provider specializes in hard-to-approve business types and can currently supply kratom merchant accounts, Hemp merchant accounts, and even CBD merchant accounts. A merchant account is essential for CBD businesses because it allows you to accept credit and debit cards, as well as ACH payments. To be issued a merchant account, you must show three to six calendar months of processing history. Bankcard is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. 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. We offer a quick and painless approval process. . Users also rave about eMerchant Broker’s onboarding experts and 24/7 customer support staff. There are also laws in which these products cannot contain more than . This being the case, it’s wise to choose a merchant account provider that has extensive. We provide your business with a way of managing and caring out large transactions. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. ECS’s services and solutions include: Credit card processing. Lastly, opt for payment processors that align with your goals for a smoother journey. The exact process varies from one merchant processor to the next. 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. We understand the blood, sweat and tears you’re putting in to make your business great. Prior to applying for merchant accounts, you should ensure they have several months of good processing histories and few chargebacks. A CBD merchant account is essential for any CBD merchant. Selling CBD is perfectly legal in the United States. With over a dozen high-risk acquiring banks at our fingertips – we are in a prime position to get CBD and hemp. Our payment processing services offer fraud protection to secure your account and your cardholder’s data. 2. Get Started. 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. Finding the best Shopify CBD Payment Processor for you as a CBD merchant processing Shopify company is very crucial. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. Instabill also requires a six-month rolling reserve from each merchant. Delta-8 THC is found in small percentages in most strains of the cannabis plant. PayKings is one of the best high risk merchant solutions for your expanding. More on CBD Payment Processor Highriskpay. Before we get started, let’s take a look at some frequently asked questions. Benefits of a Kava Merchant Account Services. Apply now for your CBD Merchant account. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. A. We are giving CBD + Hemp based companies are really seamless and cost effective way to process credit cards. About Us; Services. Yes. 5% + 10¢. . You can fill out an online form detailing information about your business and CBD products. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. The company does not charge any setup fee, and merchants are offered free EMV-compatible terminals for their accounts. Accelerate the growth and opportunity in your business. Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. M. Online sales began surging as soon as payment processors began approving card-not-present transactions. 1. 99% approval Having trouble getting approved for your high risk merchant account? Did you know HighRiskPay approves 99% of all applicants! FAST APPROVAL. Trustpilot. A CBD merchant account allows for the uninterrupted acceptance of non-cash payments for the sales of CBD OIL and Cannabis related products. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. 5 weeks!As a result, CBD/Cannabis merchant accounts have become increasingly popular in Canada as a way for businesses to accept credit and debit card payments from their customers. Limelight is a perfect choice for predicting your promising earnings and plug into your fulfillment houses. Even so, these processor have policies regarding CBD credit card processing that change frequently and often without notice. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. As such, Square’s CBD processing fees are higher than Square’s standard processing fees. Payment processing, and in particular credit and debit card processing, can be challenging for CBD, headshop, and dispensary business owners. As a result, you get the most favorable merchant accounts available for CBD payment processing. Remember that credit card processing for smoke shops may come with a higher challenge of merchant account approval due to the perceived higher risk. A disclaimer page to help your store’s aesthetic and, of course, pass information and warnings to customers. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. Research necessary regulations. If you are a CBD e-commerce or retail business we offer payment processing and so much more! From risk management and regulatory oversight, to rich customer analytics and chargeback prevention, find out why DigiPay is the best partner for your CBD business. It boasts a 99% payment processing approval rating for its merchant clients. Here are five other considerations for selecting a payment solutions provider for your CBD business: 1. 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. However, most banks and processors still do not allow CBD merchants on their platforms. The landscape is changing every day in the processing world. I'll also give a positive shout out to Emerchant Broker (EMB) for doing an awesome job of helping CBD sellers. FinTechMerchantAccounts can provide you with both international and domestic CBD merchant account choices to fit your requirements. HighRiskPay. Get even more from your Chase relationship with business banking, credit cards and other tools to help you grow. They offer a variety of products and have a strong brand recognition. Signing up with the best CBD merchant processing company from day one saves you the time and frustration of getting shut down by. Twitter Facebook-f. Find a dropshipping supplier 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. Adhering to these standards is challenging with a cash-only or self-managed payment processing strategy. High Risk Merchant Account Instant Approval; About us; Rates & Fees; Contact Us (800) 956-1277. We offer fair, transparent pricing for high-risk merchants, starting from 1. Bankcard is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. merchant solution. Each payment processing portal you consider will be a bit unique. 25 per transaction. 3. 25% - 6. Despite the challenges the CBD industry faces when accessing payment processing solutions, FLEX Payment Solutions has committed itself to help you overcome these hurdles. This high-risk processor and this high-risk processor accept numerous industries that cannot get approved with traditional merchant account providers. Adept Payments, a financial services company, pledges reliable, customer-centric payment processing solutions. 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. We offer an online processing of your merchant account application so we can begin processing your application immediately. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, and merchant cash advance. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. Merchants with recurring annual or monthly fees. Fax: (818) 741-2252. Your business needs a powerful and secure high risk payment gateway, chargeback prevention, dynamic currency conversion, and a suite of fraud prevention tools. As a result, many banks, payment gateways, and payment processing companies categorize CBD sales as high-risk transactions and don’t support them. Tap, dip, or swipe transactions. These funds are available in regular merchant accounts within two business days, but high-risk merchant accounts may have longer wait times. We specialzie in CBD & High Risk Processing. Less chance of mistakes and discrepancies. With Limelight, it enables users to increase the approval rate of credit cards and track their orders as well as control returns. As a result of these factors, CBD merchants must use a specialized high-risk merchant account with their Authorize. Moreover, they share all of the details and legal regulations around payment processing in. Cova Software:. 2. 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. Call us today! We use cookies to ensure that we give you the best experience on our website. We treat it just like any other American-based business. Offering secure payments at your dispensary is essential. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. Subscription-based companies that. Hemp Oil Tinctures Our esteemed banking relationships have been carefully developed over time. Take payments online, in-person, swipe, dip, emv. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. com is one of the leading High Risk Merchant Account providers of credit card processing & payment gateways to businesses with bad credit. It is our mission to help our local businesses find processing solutions which will maximize the benefits and minimize the costs associated with electronic payments. Immersed in Knowledge and Focused on Your. After the account issuer approves your account, you can begin accepting payments. Unlike other types of merchant accounts, CBD merchants must undergo heightened due diligence. The eCommerce merchant account comes with quick and easy 24/7 support. Compatible with major shopping carts: WooCommerce, Shopify, Magento, Ecwid, etc. 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. Applications take an average of 15 days for approval. FDA approved certificate Your CBD product business plan (not mandatory but important). Lastly, you need a trusted CBD manufacturer or supplier, especially if you opt for dropshipping and plan to market your products. Adept Payments offers payment processing, merchant services, and business solutions to all industries. Instabill also requires a six-month rolling reserve from each merchant. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. iPhone and iPad are registered. Card-not-present transactions. PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. Because the CBD industry is relatively new, it may be prone to fraudulent business activities and frequent chargebacks. Highest reviewed credit card processor. We can help you navigate the complexities of CBD payments, identify suitable payment solutions. Assuming that you meet all the requirements, your CBD merchant application will be approved. Let’s explore the standard three steps involved in obtaining a CBD merchant account for WooCommerce: Step 1: Apply for a CBD Merchant Account. However, Shopify currently only supports the hemp and CBD market in the US (maybe Canada), so for now, you can only have a Shopify CBD business in this market. 6. Apply for a CBD Merchant Account now. 1.