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cbd oil payment processor

Create an account instantly and start accepting payments. You can also contact us to design a custom package for your business.

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.

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CBD eCommerce Integrations

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.

Paying by credit or debit card is one of the most popular ways to carry out online transactions. According to a survey of over 2,000 people that was carried out by Harris Poll in August 2017, 44% of people preferred paying by debit card. If you can’t provide this, chances are your customers will seek out alternative suppliers.

Charlotte Figi, a young girl reduced her 300 seizures a week and became almost seizure-free, thanks to CBD oil. This sparked the famous CBD business “Charlotte’s Web” and gave CBD a spotlight in the medical field.

The good news is that some payment processing companies are willing to take the risk, thus granting online business owners swift entry into the evolving space.

2. Customers have access to alternative payment options

Elsewhere around the world, CBD markets are also cropping up. Globally, the CBD industry looks set to earn $22,07,162.54 million by 2026, growing at a 58% CAGR between 2019 and 2026.

Despite a lack of research, efforts are being made to confirm CBD’s therapeutic efficacy in the medical field. Between 2014 and 2018, $16 million had been funneled into research initiatives by the National Institutes of Health (NIH). The funding was designated for a number of small trials into CBD’s effects on anxiety, addiction, depression, opioid addiction, and other various health issues.

You’ll have enough on your plate dealing with customer inquiries and introducing new CBD products to your ecommerce inventory — don’t risk the chances of having to deal with discrepancies, too. Forget about spending hours training staff to reconcile any accounting errors that may have arisen and, instead, rely on CBD payment processors.

Ever since CBD’s full legalization in 2018, CBD has become hugely popular throughout the United States. Many ecommerce shops have begun selling CBD to meet demands.

In an effort to meet consumer demand for CBD products, such as oils, capsules, supplements and topical solutions, the non-psychoactive cannabinoid is being stocked inside an ever-growing number of brick-and-mortar shops and online ecommerce stores.

For example, if a customer wants to issue a $200 chargeback on a recently submitted order, you need to understand exactly how these types of situations will be handled by your chosen CBD payment processor’s customer service team. After all, the level of service they provide will reflect on you as a business.

What is CBD?

The reason for this is because the fairly new industry is prone to payment card fraud and charge-backs. As an industry that hovers around a legal grey area, only a handful of CBD payment processing services will be willing to take the risks associated with this type of transaction.

Ultimately, this kick-started plenty of research into a molecule that has since been hailed as a medical marvel ingredient.

The solution? Finding a high-risk processor who is not afraid to assist you with a payment gateway that ensures you can conduct business just like any low-risk company is able to.