CBD Merchant Accounts:
Find Fast Payment Processing Solutions
As federal, state, and local governments look after the for and against of
legalizing cannabis (marijuana, etc.) for both medical and leisure purposes,
the advantages of other products derived from cannabis (marijuana, etc.) are
taking shape — like cannabidiol also known as CBD.
CBD merchant accounts are a comparably new product, but
Highriskmerchantexpert can aid merchants selling products concerned to
health or diet which contain the compound they need to find the credit card
How Do I Get A CBD Merchant Account?
Highriskmerchantexpert gives CBD merchant accounts for e-commerce
merchants with competitive prices with the help of a partner of banking which
is acquiring along with specialization in solutions for industries with high risk.
We are well known for High-risk merchant account instant approval with great
● Highriskmerchantexpert’s solution is only available to e-commerce
● Bank statements of business from the last 4-6 months are required showing
the name of the company, total sales, chargebacks/refunds, and returns.
● Merchants must be generating a minimum of $1,500 per week in processing.
● Startup businesses will be examined on a case-by-case business.
Timetable for CBD Merchant Account Approval
The time taken for the approval of the CBD merchant account varies with
each merchant and their processing history. With all the supporting
documentation and materials, Highriskmerchantexpert can provide solutions
for credit card processing within a duration of 5-15 business days and is
considered as High-Risk Payment Gateway Provider in the USA.
Integration of Payment Gateway For CBD
Every merchant account accepted by Highriskmerchantexpert and its
acquiring banking partner involves access to the payment gateway of
approving bank. Highriskmerchantexpert’s trusted banking partners provide a
secure gateway of payment for all transactions, with which you will connect
the API of the bank to the website. Not only this, we even provide the
functionality of Merchant account For Tech Support.
What Makes A Good High-Risk Merchant
Finding a good merchant with a high-risk account provider for the CBD
business includes the same criteria as a provider with low-risk. It’s just harder
to find a provider that provides the right combination of reasonable prices, fair
contract terms, and customer service with high-quality.
● Pricing: Here, the bottom line is that any merchant account with high-risk
is going to cost notably more than comparable to the one with low-risk. Be
ready to have to receive a tiered pricing model (albeit some established
businesses may be willing to negotiate a more economical interchange-
● Contracts: We like billing arrangements which are month-to-month that
don’t lock you into a contract which is long-term or force you to pay
an early termination fee (ETF) if your account is closed early.
Unfortunately, CBD merchants (like any other merchants with high-risk) will
usually have to accept both a contract which is long-term (typically
for three years) and an ETF. Also, be conscious that if you have a contract
which is long-term, it will probably also involve an automatic renewal
clause that extends the contract, mostly for a period of one year at a time.
If you don’t keep track of when your contract is scheduled to auto-renew
carefully, you may find yourself locked in for another year or even longer.
● Hardware: If your planning is to sell CBD products out of a retail location,
you’ll either need a committed countertop credit card terminal or a mobile
processing system that uses the Smartphone or tablet in concurrence with
a mobile card reader. The terminal should be able to accept at a minimum
from both magstripe and EMV payments.
● eCommerce Support: Naturally, you’ll be willing to able to sell the CBD
products to as many customers as possible, and selling via a website
which allows you to do that. As we’ve noted above, there are still plenty of
legal grey areas regarding CBD sales across state lines that you have to
be aware of those before launching the website. At the same time, the
recent legalization of products which are hemp-based is creating
eCommerce opportunities that weren’t there as recently as two years ago.
● Customer Support: In exploring dozens of merchant account providers,
we’ve found that the real secret ingredient is high-quality customer service
which distinguishes the simply average providers from the truly outstanding
ones. Customer support issues happen more persistently with CBD and
other merchants with high-risk, so you’ll want to pay specific attention to a
provider’s reputation in this area.