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Our bespoke client dashboard gives you a complete overview of your commercial activity. Merchants can sell these products only in states where permitted by law. PayKings knows how frustrating it can be for a high risk business in the CBD oil industry to obtain the right payment processor. Marijuana-derived CBD businesses that sell online are implementing age verification software to comply with these different state regulations, and many use their own discretion and require the buyer to be at least 18 to buy hemp-derived CBD as well. All without any payment problems.

Please provide any other relevant information including any website addresses. This declined application process will also be happen when seeking out a Stripe high risk CBD merchant account or PayPal CBD merchant account — all doors with aggregate payment processors will be closed. As an innovator in the high-risk processing industry, we understand the misconceptions associated with CBD and THC and the loose correlation still represents a problem. Our experts will guide you through from application stage to delivery of the terminal. If it becomes law, it could help open the floodgates.

No more turning away customers who want to purchase CBD products with debit and credit cards. High risk accounts. Shopify does not provide legal advice. Securing CBD oil merchant processing can be very difficult. Tags: e-commerce , high risk , merchant fees. Many processors will turn you down and chances are, you may have tried with other merchant service providers before finding us. The payment gateways we offer work smoothly with many of the major e-commerce platforms out there.

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With marijuana being federally illegal and CBD being left in an unknown legal status national level banks are more wary to work with the industry- which causes complications for both business owners and local economies. Start Accepting Payments Today Apply for a merchant account. It is no accident that CBD sales are excluded from the Amazon marketplace. Our industry-leading security ensures your CBD business is safe. The reason for this is because the fairly new industry is prone to payment card fraud and charge-backs. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services.
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These top payment processors often utilize this risk monitoring system by scanning all merchant accounts and seeing which qualify. We act on requests to withdraw the information we hold on you as soon as we can. PayKings will custom tailor CBD oil solutions for your online business. Often, payment processors may not tell you the limitations of which products their merchant accounts can support. We have processing options to explore that other processors just simply cannot provide because of our expansive banking partnership network. Both marijuana and marijuana-derived CBD are still classified as schedule I drugs by the FDA, and remain in a transitional period as different states adopt their own regulations for the many different forms of them.
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It pays. A smaller group of states classify marijuana and marijuana-derived CBD differently, allowing CBD for specific medical purposes. Follow Us On:. About Join Log In. CBD products overlap into many other markets including the vape industry, beauty, and of course pharmaceuticals.
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Our industry-leading security ensures your CBD business is safe. Speak to our advisors to find out more. Get a Quote or Schedule a call to demo our powerful suite of features. Have been rejected for an account elsewhere? Our expertise in alternative payment methods means you always have a way of collecting revenue and settling chargebacks. Skip to content Contact Apply Now.
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Although currently legal, there are very few merchant banks that will accept applications from CBD merchants. Our payment gateway and credit card processing solution comes complete with a fraud protection suite to protect your business. Because, the simple fact of the matter is, CBD and hemp based businesses deserve as fair of a chance to have access to the same merchant services as other industries. We will keep record of your data and consent granted to us. If so, please list providers. Thousands struggle to secure merchant accounts, some not knowing their business is classed as high risk.
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