Merchant Accounts for your CBD Business
CBD businesses whether online or a physical retail storefront are becoming more popular now that CBD is legal in all 50 states. While it is legal in all 50 states, there are still several restrictions and regulations depending on the jurisdiction. CBD is regulated by the FDA and includes products such as delta 8 CBD, CBD flower, and other forms such as snacks, beauty products, or oils. CBD has become especially popular as an alternative to medicine and many benefit from using it when it comes to treating diseases, pain, and more.
As a CBD merchant, it is important to have a merchant account. Having a merchant account allows a business to streamline payment channels. A merchant account will be beneficial not only for sales done in store, but also online. Almost 67% of CBD sales are done online and customers want a seamless experience during the payment process whether in person or online.
Is My Business High Risk?
CBD businesses may often be considered high risk due to it being a regulated industry and can also be viewed as high risk when running transactions where a card does not need to be present such as online transactions. This can lead to some banks not approving your business for a merchant account. However, our network of providers have experience with CBD businesses and are able to provide merchant accounts.
Industry Experts
As a service provider, we have experience with setting up merchant accounts for CBD businesses that operate retail storefronts and online websites. As a provider we have personnel who specialize with high risk merchant accounts.
We have worked with businesses in different industries that are viewed as high-risk and can help set up a merchant account for payment processing. We have helped CBD businesses that sell the following:
- CBD Tinctures
- CBD Supplements
- Delta 8 CBD
- CBD Flower
- CBD Capsules
- CBD Pet Products
- CBD Topicals
- CBD Gummi’s
- CBD Pens
- And More
Zero Cost Credit Card Processing
As a business, you also have the option to choose zero-fee processing for your head shop. We are friendly towards smoke shops and friendly on saving you money on transaction fees. Many businesses are charged by processors between 3-4% but as a business you can choose the option to have customers pay all the transaction fees. With this method, your terminal can have signage informing customers of the fee and can then remind them when swiping their card the terminal notifies them of the fee and allows them to accept or use a different payment and covers the fee so that your business gets 100% of the sale. It is also suitable for in person transactions so that the customer can pay cash rather than use their card and paying the fees.
Why you should register with us?
Whether payment is through Visa/Master Card/ Discover or Amex we can setup the payment process at no additional setup fees. Our rates may vary subject to credit history, but you can be assured that our website is user friendly and easy to navigate and we are available every step of the way.
- Our presence in the e-commerce world has ensured that multiple underwriting banks will support your startup or new business.
- We are adept at providing both card present and card not present kind of transaction.
- We also offer electronic check drafting facility through our secure website. Remember, check drafting is not the same as ACH processing. Once you integrate this service in your website you can start accessing checks online too.
- When you register with us you can be assured that we do not charge any additional fees, our rates are competitive and the application process simple.
- We provide our services from the smallest to the largest of processing volumes unlike several service providers who do not do business with small vendors.
- There are no hidden fees involved during your credit card processing. Our rates for processing too are low when compared with any other provider in the industry.
- We also deal in MOTO merchant accounts if you don’t have credit cards.
- Both low risk and high risk merchants can do smooth transactions through us.
We understand the nature of your business and know how to help you progress in your business and start making profit. We have the required Ecommerce solutions for you, compatible gateways and the much needed expertise in the field. We have a good working relationship with all leading banks in the country and years of experience in the industry. For additional information do not hesitate to contact our friendly team and get started today.
