PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Accept Card Payments Quickly & Easily. Safe, Secure Processing with US Banks. Fast Approvals Low Rates No Reserves Quick Settlements Proven, reliable payment processing services for CBD and hemp oil businesses. Great for all CBD merchants including ecommerce, wholesale, distributors, manufacturers and retail locations.
Get Approved for a CBD Merchant Account
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.
- 24-48 Hour Payouts
- Lowest Rates, Multiple Bank Approvals
- Fast Approvals
- 100% Digital Application
Secure Payment Processing
In 3 Simple Steps
Complete our quick and easy online application
Digitally sign applications using your mouse
Applications are sent to all banks that have pre-approved you
Banks will review and determine a processing limit
Payment Gateways are activated
Integrate your Payment Gateway with the backend of your site
CBD Merchant Accounts
With the recent legalization of cannabidiol (CBD) and other cannabis products across many states, more and more merchants are choosing to open up shop and provide consumers with both medical and recreational cannabis products, including CBD. Although many states have chosen to legalize these products, the federal government has chosen to maintain the illegal status of marijuana and cannabis products. Because of this, any merchant choosing to sell these products is considered high-risk and may have a difficult time obtaining approval for an account or payment gateway with many credit card processors.
CBD Payment Processing for Online Shopping Platforms
PayDiverse offers credit card processing for many popular ecommerce platforms. Our merchant account can interface directly with your website! We currently support WooCommerce and Shopify integrations for CBD transactions. We don’t recommend Stripe, PayPal, or Square platforms for CBD and hemp transactions because they frequently get closed, leaving merchants to move payment processing to another provider. PayDiverse has experience migrating your credit card processing from those platforms to others that we work with. This ensures peace of mind with safe and secure hemp & CBD credit card processing.
What is CBD and Why is it High-Risk?
Cannabidiol, or CBD, is a derivative of cannabis that can be extracted from both hemp and marijuana plants. CBD is sold in a variety of different forms: CBD oil, CBD tinctures, CBD drops, CBD isolates, CBD cream, CBD ointment, CBD capsules, CBD topical, CBD gummies, and more. CBD is not psychoactive in it’s purest state, and when derived from the hemp plant and sold as a medicinal product, is “legal” in all states per the 2014 Farm Bill. CBD has shown to be an effective treatment for a number of ailments, including:
- Alzheimer’s disease
- Parkinson’s disease
- Multiple sclerosis
- Cancer and chemotherapy side effects
- Hyperemesis gravidarum
- Anorexia Nervosa
- Mood disorders
- Nausea and vomiting
- Pain and inflammation
CBD derived from marijuana plants has proven to be effective medicinally, however, taking it from marijuana increases the likelihood that CBD products will contain THC – the psychoactive ingredient in marijuana. THC is what makes cannabis products illegal in some states and countries, and therefore, the reason CBD merchants are considered high-risk. Due to federal laws regarding marijuana and THC products, many banks are not willing to open accounts for CBD merchants, regardless of state laws in the merchant or bank’s primary location. CBD merchants who are lucky enough to find a bank willing to approve their applications, they are often charged high processing rates (over 6%), or will often find their accounts closed without warning, leaving the merchant unable to operate their business efficiently. Additionally, popular payment processors such as Stripe or Paypal restrict processing for cannabis related businesses.
Good rates for CBD After doing lots of research and shopping around for merchant account providers, PayDiverse offered me by far the lowest rate. Their approval time was really fast too. Will definitely recommend them to others. Jamie M. PayDiverse CBD Merchant Account
They know the Cannabis Industry Working with PayDiverse was a breeze – getting approved for a merchant account is so time consuming, and these guys made the process much less painful than it would have been otherwise. I will recommend PayDiverse to my other colleagues in the CBD field for sure. Mike S. Pay Diverse Merchant Account
CBD Support Document Checklist
- Color Copy of Drivers License or Government Issued Photo ID
- Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
- Voided Check/Bank Letter
- 3 Months Bank Statements (personal if you don’t have business)
- 3 Months Processing Statements (if available)
- EIN Letter
- Articles of Incorporation
- Fulfillment Agreement (if applicable)
- Lab Results / Certificates of Analysis for products sold on website
- URL/Website must have THC of .3% or less and/or Legal in ALL 50 States
- Website must have legal company name and address listed on footer of landing page; terms & conditions page; privacy page; refund/return policy; shipping policy; contact page with customer service number and card brand logos on the checkout page
Long-Term Solutions for CBD Merchant Processing
PayDiverse is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. We utilize a variety of processing techniques to ensure that CBD merchant processing is a smooth and simple process for our high-risk accounts. Some of the features of your CBD merchant account include:
- Multi-bank processing (including off-shore)
- No reserve
- Fast settlements to merchants
- Secure payment gateway
- Chargeback alerts
- Chargeback disputes
- ACH/Check 21 processing
- Fraud prevention and protection
- Competitive processing rates (below industry standards)
- Merchants can begin processing in less than 1 week
As a hemp or CBD payment processor, PayDiverse works hand in hand with CBD merchants to protect their businesses from account closures, fraud, and chargebacks. We offer award-winning fraud and chargeback protection and have strong relationships with over 40 banks who work with high-risk merchants both in the United States and offshore.
Pretty easy setup and minimal paperwork These guys got me approved within a week! Great experience and I will definitely work with them again in the future. Nick B. Pay Diverse Merchant Account
CBD Oil Merchant Account
Proven, reliable payment processing services for CBD and hemp oil businesses. Great for all CBD merchants including ecommerce, wholesale, distributors, manufacturers and retail locations.
CBD Merchant Account Approvals
Accepting card payments through a full-featured CBD merchant accounts boosts your sales. And lets you realize the income potential that CBD payment processing gives you. Now CBD merchants enjoy the same benefits from accepting card payments as any other businesses.
Our US banking partners don’t consider CBD high risk accounts. As a result, you get the most favorable merchant accounts available for CBD payment processing.
Get fast account approval. With quick settlement of processing funds. And rates 50% lower than most other companies offer.
CBD merchants of all sizes are welcome to apply. Whether you are a startup CBD merchant, a mid-sized business or a publicly traded company processing millions per month, contact us today. Take advantage of our quick approvals, transparent rates, and superior service from a support team dedicated to your success.
Processors & Banks Open Doors to CBD Merchants
CBD oil was once considered a high risk by all processors & banks. Some banks still consider the industry high risk. However, other banks are opening their doors to the industry and no longer consider CBD merchants high risk.
Increasing demand for CBD products by US consumers combined with changes at the federal level means CBD payment processing is going mainstream. CBD merchant accounts are becoming easier than ever to obtain as the product is gaining traction in the marketplace.
The competitive marketplace means that rates for CBD merchants are coming down. In fact, our policy is to beat any competitive rate you receive. Simply send us the details and we’ll lower your rate.
Approval times for CBD accounts is fast, within 48 hours. For ecommerce, the CBD merchant account payment gateway is quickly integrated into your website and shopping cart. Making it simple for customers to buy from you.