Look no further than PayKings, the leading experts in getting your CBD merchant account ready to accept payments.
If you’re looking for CBD merchant processing, it’s important to understand why payment processors are often difficult to obtain (and retain) for sales in the CBD industry. CBD product sales are considered to be high risk in the online merchant account world due to the nature of how the oil is cultivated. CBD is a legal product. However, it is derived from the same plant, which breeds its regulated counterpart, cannabis. The very notion sends banks and lenders into high alert often resulting in your CBD oil merchant account being labeled high risk. Right now, CBD is categorized as a high risk business regardless of what kind of CBD products you carry in your online store.
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Finding a CBD merchant solution that keeps your business running smoothly is critical for your online store. PayKings knows how frustrating it can be finding high risk merchant accounts in the CBD industry. Moreover, getting payment processing on your website might seem daunting for even the most experienced CBD merchants. If you don’t know where to begin, we’re here to help. At PayKings, we help you take the right steps towards finding a high risk CBD merchant account. We have the CBD payment processing solution that fits your business needs.
As a CBD company looking for a hemp merchant account to sell hemp products in an online market, it’s important to understand that credit card processing providers like Stripe and PayPal do not specialize in high risk industries. Therefore, they cannot process payments for the hemp merchant. Unlike those companies, PayKings has many acquiring bank partners that approve CBD accounts. Merchants who offer high risk services or CBD and hemp products must consider a provider that specializes in high risk processing industries. The payment processing provider will help you establish your high risk merchant account.
When your CBD payment processor shuts you down, it is critical to act fast and know where to seek help. PayKings will help you get your account recovered the right way. We can offer the high risk payment processing solution your CBD merchant account needs. With your business back up and running, you can get back to what matters most – running your online CBD business.
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We strive to provide the best CBD merchant processing in the industry with low rates, high approvals, and easy setup. See why our merchants come for the approvals and stay for the rest.
Create an account instantly and start accepting payments. You can also contact us to design a custom package for your business.
CBD eCommerce Integrations
PaymentCloud is fully equipped to provide merchant accounts for CBD with great rates and support because we integrate directly into the software and tools that you already use. This allows a seamless connection between your new payment processing support and your current website. This helps us be the leader in providing CBD merchant accounts for our happy clients. We can hook into your current terminals, your website, and even your accounting software. Let us know what you use and we’ll be happy to help.
The research of ours revealed that there are certain banks from the following countries that are willing to process CBD oil merchants. Thus, when applying for a CBD oil merchant account, make sure that the PSP of your choice has acquiring banks in the next countries:
Even though CBD oil doesn’t make one high, some countries still ban its selling and usage. Thus, clarify your geo-preferences not to get yourself in trouble with the law. As stated by Endoca , you can freely market CBD oil in the following countries:
To open a CBD oil merchant account, you have to make sure that your website contains the following:
Where is CBD oil legal?
Unlike many other cannabis-derived products, CBD oil doesn’t contain THC (Tetrahydrocannabinol). That is the exact substance that leads to an altered mental status. To put it simply, CBD oil doesn’t make a user high. As a result, selling it is less risky than marketing marijuana or hashish themselves.
From finding the PSP to collecting documents, applying for a CBD oil merchant account is hard from the get-go. The chances are, payment giants like PayPal or Stripe won’t even look at your application. The possible risk is too high and not worthy of losing reputation. The smaller PSPs, though, are willing to deal with CBD oil merchants. Continue reading to find out what documents to collect and what steps to make to open a CBD oil merchant account.
What banks process CBD oil merchants
Take a look at the specified range of documents one should collect to open a CBD oil merchant account: