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
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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.
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.
Finding a CBD merchant solution that keeps your business running smoothly is critical for your online store. PayKings knows how frustrating it can be finding high risk merchant accounts in the CBD industry. Moreover, getting payment processing on your website might seem daunting for even the most experienced CBD merchants. If you don’t know where to begin, we’re here to help. At PayKings, we help you take the right steps towards finding a high risk CBD merchant account. We have the CBD payment processing solution that fits your business needs.
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.
Hemp Merchant Account
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.
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!
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.
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.
Some of the features of your CBD merchant account may include:
There are many different payment processors out there, and each one has their own set of rules. Some won’t make you sign a binding contract before doing business with them but the fees will vary on what they offer. Others might tempt you with incredible rates that sound too good to be true so it’s best to do some serious research before you sign anything.
Solutions for CBD Merchant Processing
Ask yourself if you can afford to pay the specific percentage your preferred provider charges per transaction and determine whether it works with your profit margins before signing up with them.
Yes. Square introduced a new pilot program in 2019 to allow CBD merchants to sign up for its services. Their CBD credit card processing rates are higher than Square’s normal rates, but there are no long-term contracts and no monthly fees. We don’t recommend using Square as a merchant account for your CBD business unless you’re a just processing a few transactions per month.
You should also think about customer service options since there are some companies that offer personalized customer service while others only hire around-the-clock teams to take care of any calls or emails sent by unhappy shoppers before they escalate into major cases with damages more severe than just money lost due to an order not being fulfilled correctly.