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credit card processing for cbd oil

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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.

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.

For businesses that are considered high risk, it is important to align yourself with the right CBD merchant processing providers. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. With a CBD payment processor that fits your business, you are able to get set up with legitimate debit and credit card processing. PayKings will expertly pair you with a solution that is willing to accept the liability for the increased risk associated with your high risk business.

PayKings understands that your online CBD merchant processing is important. And when your credit card payment processor suddenly shuts down your merchant account, you’re left feeling completely helpless. Fortunately, having a payment processing company such as PayPal, Square, or Stripe shut down your merchant account does not mean you’ve reached the end of the road. It’s quite the opposite. PayKings can not only help you recover your CBD merchant account, but we are also the complete payment solution for your high risk business needs.

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.

Hemp Merchant Account

Selling CBD online is a high risk business for more reasons than its association to cannabis. There are several other factors that deem CBD a high risk in the payment processing realm. First, an ecommerce CBD sale is an online sale. Meaning, the sale is processed as a “card not present transaction” which is inherently high risk payment processing. Additionally, high risk CBD businesses have very high discount rates and large security reserves (also known as a rolling reserve). A business is usually classified as a high risk merchant if the industry they’re in has a higher risk of fraud and chargebacks. In the case of being a CBD oil merchant, the high risk label is typically due to the business being a reputational and legal risk for banks and lenders. This is a result of the strictly enforced FDA regulations on CBD in the United States.

Disclaimer: Paykings does not directly underwrite or approve CBD merchant accounts. We facilitate via a CBD payment processor to connect CBD merchants selling CBD related products to an approving CBD Merchant account acquiring bank.

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.

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.

POS software will also aid you in making lucrative business choices. What’s more, this type of software can be used to control stock input and output from a single location.

The following top-rated companies have branched out into the CBD industry with their payment gateway services:

4. Low fees.

Features

You don’t need to reside in the U.S. to work with this American CBD payment processor. iPayTotal provides its services to high-risk businesses around the globe. The award-winning online payment gateway is specifically designed for PSP/ISO and merchants and the payment platform utilizes state-of-the-art PCI DSS Level 1 Certified cloud software.

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