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We've done in-depth research on each and confidently recommend them. By working with us as your CBD merchant account solution, you can get all your sales needs in one place, and more. In the last few years, CBD oil has grown from a niche alternative treatment to a multimillion-dollar market. Emily Hale November 11, at am. We encourage you to find out more about how to sell CBD oil. This program was a success, and today Square is one of the more viable options for CBD merchants looking to accept credit and debit card payments.

That said, we are not aware of any providers that would support unattended kiosk sales of CBD products due to the extremely high level of risk. No more turning away customers who want to purchase CBD products with debit and credit cards. Shopify, which is Canadian, will let you sell actual weed in Canada, where it is legal, provided you have the right license. Merchants are not permitted to sell products containing CBD derived from marijuana. They might take you on at first. For now, the big banks are still in a crouching position on CBD. For what reason?

Because US laws surrounding hemp and CBD are quickly evolving, merchants should consult with an attorney before selling these products on Shopify. A CBD topical formulation is a cream, salve, lotion, gel, or other preparation made to be rubbed into the skin. Both companies were quick to shut down the accounts of any merchant they caught trying this method. Merchants are not limited to the recommended list of payment providers included above. The legality of CBD is complicated, but as a general rule, hemp based CBD is legal in all 50 states as long as the level of THC, or tetrahydrocannabinol, in the cannabis product is low to virtually nonexistent. Passage of the Farm Bill was supposed to open the floodgates for the CBD industry, making it much easier for CBD merchants to obtain merchant accounts and accept credit cards just like any other business. You scramble around to find a new processor, one that will accept high risk business types.

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There are also a number of other fees to take into consideration when selecting a CBD payment processor, such as:. Confusion between the two plants has caused controversy among hemp business owners who have struggled to find processing solutions that are willing to accept online ecommerce payments for CBD-containing products. Processing rates start at a flat 3. You'll have a team of dedicated professionals to help you through the application and approval process. Recurring payments means recurring revenue. Stripe restricts CBD based businesses from accepting payments on their services. Read Next.
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Please read the " User Review and Comment Policy " before posting. 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. Now the actual work starts. You tell them the price, but then they hand you a credit card. Get a Quote.
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This feels backwards. It is very difficult to imagine that Walgreens, or other big retailers like Barneys New York or Sephora, will be establishing foreign subsidiaries or setting up separate, high-risk processor relationships to sell CBD products in stores or on their websites. Jump back to comparison chart 2. If the CoA isn't posted on the supplier's website, always request a copy before purchasing inventory. Merchants can sell these products only in states where permitted by law. For one thing, an Elavon merchant got caught selling products labeled as CBD that contained more than 0.
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When it comes to finding a reliable CBD payment processor, you will not be limited to companies that charge a hefty upfront fee. Keep that in mind and get a payment system and processor capable of accepting all major credit cards. Check out our full review of Easy Pay Direct for more information. It's crucial for your business that you choose a manufacturer that makes genuine CBD that will have the health effects your customers want — this way, you can immediately differentiate your business from the brands that provide no benefit and only seek to cash in on a trend. Because of this, they are reluctant to handle any type of payment processing for CBD merchants.
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Are you tired of feeling frustrated trying to find a payment gateway that works with both your platform and products? Eleven states have gone even further, legalizing marijuana for recreational purposes and removing most prohibitions against CBD-based products. Square is currently working on a credit card processing solution to allow them to be able to accept the payments on CBD products. Bill January 14, at pm. Tinctures are characterized as being a CBD extract or concentrate with minimally added flavors and herbs typically added to drinking water. Get started today with our free QuikQuote — and start selling CBD oil online and accepting payments in as little as six hours!
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