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Get Started with Easy Pay Direct. For businesses that are considered high risk, it is important to align yourself with the right CBD merchant processing providers. Businesses can find themselves labeled as high-risk for any number of reasons, but for CBD products, the main three reasons are 1 unsubstantiated claims regarding the efficacy of the products, 2 high chargeback rates, and 3 legal issues affecting distribution of the product. Regardless of your business goals, choosing a CBD payment processor is not a decision to be taken lightly. This termination means your business has been restricted from using many online credit card processors for your CBD product sales.

PayKings will is committed to finding the proper credit card processing solutions you need to dominate the online presence. Low Fees. An actual payment processor that has experience in high risk and CBD merchant processing and CBD payment processing in particular will be more beneficial to a CBD business looking to accept credit card payments. Contact us to get the payment gateway that allows you to process credit cards for your CBD and supplement products today. Merchants who offer high risk services or CBD products must consider a provider that specializes in high risk processing industries and can help you establish your high risk merchant account. In the meantime, the recent deregulation of hemp products should at least make it easier to obtain a domestic merchant account rather than having to take on the additional risk and expense of an offshore account.

As an industry that is undergoing constant metamorphosis in the legal aspect, you would benefit from staying on top of the evolving legal cannabis landscape across the U. PayKings can not only help you recover your CBD merchant account, we are the complete solution for your high risk business needs. With your business back up and running in no time so you can get back to what matters most — running your online CBD business. High-risk companies often receive notice from their current card CBD payment processor having failed, to meet compliance standards. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Shift already has a processing history with CBD products and businesses at a fraction of the cost of other processors. When working in any high-risk sector remaining PCI complaint is paramount to streamline trading.

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Be sure to check out our complete review of Square for more details. A CBD payment processor can provide the perfect tailored solution for your business, while eliminating the hassles associated with administrative tasks, accounting and business upkeep. Online payments will cost 4. Will from G2 December 31, at am. Especially online.
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Get a merchant account that is cheaper than the rest, without hiding fees that will grow over time. Are you curious whether the payment gateways we offer might be the right fit for you and your products? SMB Global is a new high-risk provider that spun off from one of our favorite providers, Payline Data see our review , in The brand has sourced its hemp from multiple locations throughout the United States, including Colorado, Oregon and Minnesota, with a current emphasis on Minnesota farming. Does this sound familiar?
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Under this legislation, which was signed into law on December 20, , hemp-based products defined as containing less than 0. At the same time, you need to be aware that Square does have its limitations. Show less. PayPal will technically approve CBD sales. Yes, CBD oil has a shelf life. It wasn't even your fault that you lost your account, but it's the few bad apples that ruin it for everyone. Read More We understand that every business is different, and listen to each business owner to fully understand the best solution for your needs.
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Their CBD oil has a strong hemp flavor, with nothing to cover up the natural earthy taste of cannabis. Easy Pay Direct links account holders with credit card processors or domestic banks, depending on their requirements. You'll have a team of dedicated professionals to help you through the application and approval process. Specialist CBD merchant account services provide online payment processing solutions that are specifically geared towards CBD vendors. So while the product might be completely legal in your region, Stripe prefers to not take on that risk and will deny any CBD based businesses from using their services.
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DO you have any advice on the matter? The very notion sends banks and lenders into high alert often resulting in your CBD oil merchant account being deemed high risk. However, you must be a licensed grower and comply with all applicable federal and state laws to produce and sell your product legally. Based in Greenwood Village, Colorado, the company sources all its hemp from Colorado family farms. Shift Processing has plenty of experience with highrisk merchants, including CBD sellers, so you can find safety in knowing that Shift will not drop your CBD dedicated account. Ingenico ICT Assuming we are able to satisfy local regulations age verification, etc , are you aware of any of these providers or other providers offering payment hardware and unattended merchant account processing?
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