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cbd oil merchant account

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.

To open a CBD oil merchant account, you have to make sure that your website contains the following:

What is CBD oil?

CBD oil is an abbreviation for cannabidiol. Being either crude or purified, it is a hemp-derived product. Despite all the rumblings lately about, CBD oil producers name its numerous benefits for health. For example:

What banks process CBD oil merchants

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:

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

Ready To Get Started?

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.

First, it is important to understand exactly what recovery means. If your CBD merchant account has been shut down through PayPal, Square, or Stripe, you cannot get it back up and running through those payment processing companies. This termination means your business has been restricted from using many online credit card processors for your CBD product sales. Funds that remain in your merchant account often cannot be accessed until you are able to establish a high risk credit card processor specifically tailored for your CBD merchant account. Termination of CBD merchant accounts often causes a lapse in incoming payments. Consequently leading to insufficient funds in your accounts. CBD merchants often find themselves in a desperate situation, owing their bank despite being unable to generate sales or access funds.

If you are still in the early stages of building your online CBD store, then you’ve come to the right place. Signing up with the best CBD merchant processing company from day one saves you the time and frustration of getting shut down by payment processing companies like PayPal, Stripe, or Square. When you establish a payment processing solution through PayKings, you avoid any funds being frozen. Your stream of income then remains steady and reliable. If you are looking for CBD merchant processing that can offer you competitive solutions and rates, PayKings is your ideal choice.

Did Your Credit Card Processor Shut Down Your CBD Merchant Account?

If you need CBD credit card processing, you’ll want to make sure you meet the proper regulations. CBD merchants who sell hemp-derived CBD products at less than 0.3 percent THC can apply for a CBD merchant account with PayKings. At the moment, we cannot provide a credit card merchant processing account for any cannabis products containing cannabidiol, cannabinoid, tetra-hydrol-cannabinol (THC) in excess of the allowed percentage.

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.

So why go through these hurdles when you can avoid the stress of having your CBD merchant account shut down? Start your business the right way and open a sustainable high risk merchant account from the beginning with PayKings. Click here to get your free quote from PayKings regarding your CBD merchant services today!