If you continue to. 4. This helps the bank decide just how much financial risk is associated with your business. Recent Stories. They provide offshore merchant accounts in addition to high-risk merchant accounts, which are their areas of expertise. Square CBD Merchant Account Pricing. CBD is legal to buy, sell, and use in a limited number of countries and. Our CBD Program fees are slightly different than our traditional processing fees. Tetrahydrocannabinol (THC) is a psychoactive compound and. They have experience in working with both high-risk clients and large, well-established eCommerce stores. In fact, we pride ourselves on a fast turnaround time—most approved. 1. Keep in mind that Shopify has only opened this up. They do this by setting up aggregate merchant accounts that lump you together with other merchants to reduce the risk associated with your. merchants to obtain an international processing account to accept credit cards. Sell hemp products with a high risk merchant account. They offer tailor-made processing solutions to fit your individual business needs. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Summary: Although CBD was completely legalized in 2018 with the U. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. Best for Cannabis & Hemp Payment Processing: Canna Group LLC. 3-5 business day approval process after your approved paperwork is complete and submitted. Apply to receive a payment processing account. Apart from good integration options, reliable eCommerce payment processing accounts offer APIs to speed up transactions and more. Despite the passage of the 2018 farm bill last year, which decriminalized hemp and made it legal to cultivate the crop for certain purposes, some states have banned the sale of food, such. Instabill also requires a six-month rolling reserve from each merchant. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. 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. 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. Three months of processing statements. to ensure. Only a few merchant processors approve merchant accounts for CBD businesses. Sign in HomeCBD payment processing offers a way for merchants (aka business owners) like yourself to accept credit cards and other forms of payment. Currently, PaymentCloud is our top recommendation for talking card payments as a hemp business. We offer an online processing of your merchant account application so we can begin processing your application immediately. The explanation for CBD Merchant Processing Optimus Merchant Solutions is a CBD payment processor that gives CBD merchants a surcharge on high-risk merchant…New York state is requiring that licensed manufacturers and processors comply with current federal GMP regulations — 21 CFR Part 111 (for dietary supplements), or 21 CFR Part 117 (for foods) — established by FDA. Soar Payments: Best for. After spending months looking at options that were not even as good as what we got with CBD Card Processing, we were approved for a domestic card processor within 1. Fill out the CBD merchant account application form. Due to the inherently higher risk associated with CBD products, CBD merchant accounts inevitably come with higher prices and more restrictive policies than low-risk accounts. 1. 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. 03%. When you apply for a CBD merchant account from PaymentCloud, you’ll get approved. Many people think that faster is better, but that's not necessarily true. They might take you on at. 1. Once we approve your CBD merchant account, Shopify turns into a solid platform to accept payments and monitor important details about your account. Nick B. 1. k. Securing a merchant account is essential for any business that wants to accept credit card payments, but the process can be especially complex for businesses selling CBD. One of the reasons not all payment processors can offer CBD merchant accounts is the sponsor banks. eMerchantBroker – Based in Los Angeles, eMerchantBroker offer high-risk merchant accounts for CBD oil and hemp retailers. You will need to integrate a third-party CBD merchant account into your online store. They offer tailor-made processing solutions to fit your individual business needs. Have a shopping cart compatible with our dropshipping management system (coming soon) Have an approved CBD merchant processor. CBD and THC are marijuana-derived, but cannabis has 0. A CBD merchant has still one more hurdle. CBD merchants of all sizes are welcome to apply. Shift4 is already integrated into Shift4Shop, so you can get up and running right away. Recognize that obtaining approval for CBD processing might entail a longer timeline compared to non-CBD sales. Any cannabis products that are higher than the FDA-approved percentage are not eligible for CBD merchant processing. CBD merchants who sell CBD and hemp products need a CBD merchant account. A high risk merchant account cbd is essential so that the account holder receives the payment processing services necessary for accepting credit and debit card transactions. CBD Merchant Service was established to provide real payment processing solutions for real businesses involved in selling CBD and hemp products. S. Most of all, you need a HIGH RISK MERCHANT ACCOUNT provider that provides stable solutions and great rates. They also cater to high-risk businesses like vape and CBD companies. If you’re a “hard-to-place” merchant, like a medical marijuana dispensary or hemp oil manufacturer, you likely face difficulty. If a product has been added that has a higher THC level greater than . Compatible with major shopping carts: WooCommerce, Shopify, Magento, Ecwid, etc. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. com. Another mind-blowing statistic is that over 26,400 partners referred a merchant to Shopify in one year. Those that have had greater stability typically come with higher costs and monthly. Get fast account approval. National Processing: Best For Clover Processing Hardware. S. Square CBD is a legitimate payment processor for CBD businesses. As CBD merchants are considered high-risk businesses, many credit card processing providers and payments processors will not allow CBD merchant accounts. Shift Processing can get approval for our high risk merchant accounts in as little as 48 - 72 hours. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. It can. Charlotte's Web is a well-known and reputable CBD supplier with strong brand recognition, which might help with marketing and sales. 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. 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. G. Instabill offers merchant accounts for e-commerce CBD sellers only. FREE Gateway Set-Up. Getting Started: How to Sell Credit Card Processing and Merchant Services. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. Here are the general requirements that we will be looking for. com is one of the leading High Risk Merchant Account providers of credit card processing & payment gateways to businesses with bad credit. Your completed application is submitted to our cbd oil bank credit card processor and in most cases can be approved within 5 business days. Steps for Setting up a POS System for CBD Merchants. S. 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. These. Shopify’s payment processor doesn’t support CBD stores. Our highly trained staff is here to answer all your questions about CBD merchant account, pricing, contracts, and other services. 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. HighriskPay provides virtual terminal solutions for retail payment processing. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. PaymentCloud offers third-party gateway capabilities, integrations with. The key lies in finding the right partner for CBD credit card processing. 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. As a result, many banks, payment gateways, and payment processing companies categorize CBD sales as high-risk transactions and don’t support them. Reading Time: 3 minutes CBD merchants know the struggles of starting an online business, especially when it comes time to find payment processing. Our solutions integrate with mainstream processing plugins and allow for load balancing so you can have more than one merchant account. Unlike most high-risk suppliers, it does not charge an application or account setup fee. See morePaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. A CBD merchant account is essential for any CBD merchant. Bankcard International is a payment services provider that offers POS and virtual processing services for diverse industries, including the CBD sector. 1. Durango Merchant Services: Best For Offshore Merchants. 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. Until CBD is fully legal and receives stringent quality control, retailers will continue to be considered high-risk. Instant approval hardly means instant for high-risk merchant accounts. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. Corepay: Best For Mail Order/Telephone Order Businesses. CBD businesses may be subject to unavoidable high-risk merchant account fees. Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. With Limelight, it enables users to increase the approval rate of credit cards and track their orders as well as control returns. 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% + 10 cents for every tap, dip, or card swipe that happens in person. A New York-based investment bank by the name of Cowen & Co. S. So we take enormous pride in the fact we’ve served as. Moayyer indicated she had contacted 13 merchant service providers in the day preceding the interview and one – Square – said they do serve CBD businesses but the program is an invite-only beta. A Thorough Merchant Account Approval Process. Kevin, What are the 2 processors that you are referring to in your comments? I need to find someone quickly - we added CBD to our medical equipment lineup and now I'm told that I have to remove them or find a new processor. Be denied services completely. 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. 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. Lack Of FDA Approval. To get a Shopify CBD account, you’ll have to go through three different processes. To get a merchant account, one must submit an application with a merchant account provider. 0330 122 6418; Support;. Created for CBD e-commerce and retail merchants. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. Clover POS: Best For Sophisticated Processing Hardware. 85% and . net account. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Bankcard International Group (BIG) is a high-risk payment processor that specializes in the cannabis industry. 95% + $0. Also, EMB’s payment gateway is now fully integrated with Shopify to support CBD payment processing. 3% THC concentration as allowed by Federal Law. In certain cases, businesses listed below may be eligible for processing with explicit. To swiftly move the process along, businesses need to make the following documents available to processors and underwriters: A valid, government-issued ID, such as a driver’s license. First, your business must find a CBD merchant account provider. In-person/Store Purchase: 3. 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. No application, annual, or set up fees. The eCommerce merchant account comes with quick and easy 24/7 support. Also, it’s recommended to speak to a lawyer about the regulations in your state and to verify compliance. Epidiolex contains a highly purified form of the drug substance CBD for the treatment of seizures. 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. CBD Merchant Account; Continuity Subscription Merchant Account;. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. This is why the approval rate for CBD-related products is so low, and as a business owner, you find it challenging to grasp a secure payment processing company. Square: Best For New Startups. However, if you prefer to explore your options with Square, there is more to consider. We also provide alternatives for CBD merchants looking for a merchant account! 1-800-988-2215. Get Pre-Approved. S. Last but the most reputed payment processor in this list is Easy Pay Direct. Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of. What to look for in a CBD payment processor. About Us; Services. The winds, though, are shifting and some payment processors are paving the way toward a more harmonious future for cannabis. Payment processing, and in particular credit and debit card processing, can be challenging for CBD, headshop, and dispensary business owners. I'll also give a positive shout out to Emerchant Broker (EMB) for doing an awesome job of helping CBD sellers. 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. 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 tricky part here is that Shopify doesn’t provide payment processing for CBD as it’s considered high-risk by banks and processors. A standard retail "swipe" merchant account does not allow processing of these "card-not-present". Easy Sales Tracking. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. Easy Pay Direct: Best for Scaling High-Risk Businesses. Apply today and get a quick approval! Tags: CBD Payment Processing. The online hub first approved CBD sales in 2019, and has since become a popular outlet for many CBD stores. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. Just make sure to follow FDA regulations to ensure your CBD business is approved for a merchant account to sell. Don’t let high fees suck your company dry. com to get approved for CBD merchant accounts without challenges. Getting approved for a CBD merchant account with any provider is simply not enough, you need to ensure you are set up with a stable long-term merchant account. 27702 Crown Valley Pkwy Suite D4-120, Ladera Ranch California 92694, USA. 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. However, illegal products or services are never eligible. Advanced chargeback protection programs. 25 per transaction. Card-not-present transactions. [2] CMS-Connected. Fees. At Paybotic, we keep detailed sales records and will help you remain compliant by completing audits and submitting required documents. Choose and sign up with a payment processor that supports CBD stores. Elevated Processing offers: High Approval Rates: We have established relationships with banks that are familiar with and open to the CBD and hemp industry, ensuring higher approval rates for merchant accounts. We have done this by creating an industry-specific and professionally tailored merchant account for CBD businesses. CBD Merchant Accounts are Still Evolving. 1. 5%-3 months, 2. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. . This article will discuss the key factors that banks look for when approving CBD merchants for online processing. We don’t discriminate. Our CBD merchant services cover. APPLY. 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. com. In an industry that's still fighting for widespread legalization, not everything is easy to acquire. GET STARTED. But proponents claim it can have significant health benefits. If you run a business that sells CBD or hemp products, finding a reliable credit card processing partner has likely proven difficult. Cannabis, CBD Oil, Delta Eight (Delta 8), Delta Nine, Delta Eleven, Marijuana Merchant Service has a streamlined the credit card processor application and approval process. If your application is in full. Here are brief overviews of the seven best merchant account providers in the industry that accept CBD merchants: PaymentCloud: Best For Dedicated Account Manager For Customer Support. Fax: (818) 741-2252. CBD businesses may be subject to unavoidable high-risk merchant account fees. With many ways to accept payments and create websites, it can become confusing for merchants to know the best practices. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. 1. A CBD merchant account is a merchant account designed for CBD sellers and businesses. Due to the higher-risk categorization, the CBD industry often uses alternative payment processors such as HighRiskPay. Choose and sign up with a payment processor that supports CBD stores. They rely on a network of third-party processors and banks in both the United States and abroad. S. Solutions. CBD merchant processing has been a revolving door of bank solutions that first say. Who we are. Our average approval time is less than 48 business hours!Rating: Excellent. Here are brief overviews of the seven best merchant account providers in the industry that accept CBD merchants: 1. As a result of these factors, CBD merchants must use a specialized high-risk merchant account with their Authorize. They currently offer the following for cannabis companies: True pin Debit; AHC and eCheck. EarthE CBD Provides Excellent Customer Service Along With the CBD Payment Processors in Shreveport, LA For the Merchants Who Face any Kind of Problem While Managing the Finances of Their Account. 6 Best for Flat Rate Pricing: PayWize. A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. However, most banks and processors still do not allow CBD merchants on their platforms. Any CBD owner knows that merchant processing is challenging and there have not been many stable solutions. 4. 2. If the sponsor bank has a low-risk tolerance, chances are the payment processor won’t. Low Rates. The best rates for CBD credit card processing in the USA and Canada. PA is currently available only in the United States. 2. After the account issuer approves your account, you can begin accepting payments. PayKings understands the unique needs of different CBD Oil related businesses and has established 24+ acquiring banking relationships to become the experts we are in getting CBD Oil merchant accounts accepting online payments. 4. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. PaymentCloud:. 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. Merchant account providers, such as ourselves, specialise in finding a solution for your industry. 3 percent THC level or less. In order to accept credit card payments for CBD, you must open a merchant account. Pinpoint Payments values your business and helps protect it: Industry-leading fraud prevention Real-time chargeback management “High-risk” merchant accounts . Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. Open a Merchant Account. ACH/Check 21 processing. As such, Square’s CBD processing fees are higher than Square’s standard processing fees. Be denied services. The two companies ahead of Shopify are Woocommerce and Squarespace. Here are five other considerations for selecting a payment solutions provider for your CBD business: 1. iPhone and iPad are registered. Merchant processing is a must for any CBD business. Therefore, alternative payment processors such as. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. Service providers will continuously update their software to ensure your online CBD store is operating at lightning-fast speeds. A high risk merchant account is a type of payment processing account for unique businesses. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. (516) 217-1989We’ve simplified CBD merchant accounts & payment processing. 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. etc. Now CBD is categorized as a high risk company regardless of what kind of CBD products you bring in your online store. Payment processing, and in particular credit and debit card processing, can be challenging for CBD, headshop, and dispensary business owners. Limelight is regarded as one of the best tools for CBD transactions. Fill Out an Online Form. 3% THC. Speak with an expert: (877)-715-4501. 3. Merchants with businesses that require high risk credit card. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. According to research in 2021, almost 57% of total payments were made by credit or debit card, making it necessary for every business to enable card payments. 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. 7-14 day approvals, worry free merchant accounts, and hands-on customer support. If you meet all of these requirements you are ready to. Payment gateways and merchant accounts are generally not CBD friendly, even. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. 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. Read on for everything you need to know about high-risk processing. High risk processors understand the subtleties involved with opening a bank account for businesses in unique verticals. Why Exactly are the Payment Services Refusing to Accept CBD Transactions? The CBD industry accounted for $2 billion in 2018 1. The only FDA-approved drug that includes CBD is Epidiolex. Take payments online, in-person, swipe, dip, emv. After that, you need to wait for account approval. This company specializes in placing high-risk businesses – including those in the CBD industry. Very few credit card processors allow CBD companies to use their services or to be approved for merchant accounts. Card on file transactions. Offers debit & cryptocurrency payments. Less chance of mistakes and discrepancies. At Merchant Advice Service, we understand the unique challenges faced by CBD businesses when it comes to accepting credit and debit card payments. ) Still, the stakes are high for CBD businesses. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. 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. debt related services, CBD, kratom, cannabis, health supplements, or businesses that have an elevated risk of. Begin accepting credit and debit cards for CBD products today by filling out EMB’s simple online application. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. PayKings helps countless hard-to-approve merchants get approval for a CBD merchant account with our in-house. 5% + 10¢. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. The best CBD payment processor helps you get approved fast for your CBD merchant account. 8. 3 percent THC. Absolute Nature CBD is a great supplier with lab-tested products, no minimum order requirements, and both dropshipping and white label programs. 75% rate comparable to a low-risk merchant account. We offer fair, transparent pricing for high-risk merchants, starting from 1. 2. If your application is in full working order. CBD businesses are classified as high-risk, so most of the popular merchant account providers are not willing to work with CBD based businesses. based companies shouldn’t be treated like offshore merchants. Remember that Stripe’s instant approval doesn’t mean your current payment processing account will last. 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. Applications take an average of 15 days for approval. This booming industry has prompted many people to launch their own CBD businesses, yet many are running into challenges selling. family. . Need a Merchant Account for your CBD Online Store? High Risk Merchant Account & Payment Gateway Provider⚡ Instant Approval Contact us ☎ (800) 956-1277. Durango Merchant Services: Best for highest-risk businesses. Dedicated account managers. This is a major concern for CBD merchants when processing credit card transactions for CBD purchases. Instabill offers merchant accounts for e-commerce CBD sellers only. The Importance of a Thorough Merchant Account Approval Process. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. 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. One of the main roles of merchant account providers is to assume most of the risk involved in processing credit card payments online. A CBD merchant account refers to a merchant account specifically designed to accept and manage electronic payments for all kinds of CBD products. Merchant Processors that. 1. S. cannabis Industry - Startup Company Accepted. Any high-risk merchant that chooses a traditional payment processor is bound to hit a snag at some point. 2. A CBD merchant account and payment processor. Also, EMB’s payment gateway is now fully integrated with Shopify to support CBD payment processing. These guys got me approved within a week! Great experience and I will definitely work with them again in the future. 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. Read Also Is Shopify Still Profitable for eCommerce. Secure, reliable payment processing. I am not going to remove them, so looking for a good, fair, processor t. If you sell CBD oil, vapes,. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. 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. And since we have a 99% approval rate, there. Georginix is a big company that responds fast and gives valuable advice, but requires a compatible website and pre-approved CBD merchant processor. 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. Highest reviewed credit card processor. This entails filling out a general form, then adding details to a more thorough merchant application. com is a company that provides its services to CBD. For example, you must have an e-commerce website, an. Summary: Although CBD was completely legalized in 2018 with the U. We make setting up a CBD merchant account a quick, hassle-free process. The following are four of the best providers for CBD merchant accounts: Payment Cloud. Merchants that process high transaction volumes or transaction amounts may be subject to a high-risk merchant account. 1-800-988-2215. In fact, most CBD merchants on Shopify. Best for businesses that want a wide variety of terminals and POS systems. Applications take an average of 15 days for approval. Several factors influence a merchant’s risk level. Your business needs a powerful and secure high risk payment gateway, chargeback prevention, dynamic currency conversion, and a suite of fraud prevention tools. In 2019, Shopify began supporting the sale of hemp and hemp-derived cannabidiol products. Until now. 3 percent THC can apply for a CBD merchant account with eDataCards. 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. Our team is dedicatedto getting you approved. Here are the 15 largest high risk industries that need payment processing. As a result of increased pressure from U. Yes. They offer competitive high-risk rates and top rated customer support. Products Approved: Hemp-Derived Flower, CBD Oils & Tinctures (Human), CBD Oils & Tinctures (Pets), CBD Topical. Published on January 13, 2020. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. I. 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. But getting approval from these third party merchants isn’t as easy as signing up. As a high-risk industry, CBD and hemp merchants are subject to stringent compliance and tracking requirements. In addition, many marketing platforms prohibit you from. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. Vape, Glass, CBD and Kratom Approved. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks.