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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.
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.
CBD eCommerce Integrations
It’s also important to remember that you may incur higher fees for credit card processing and debit card transactions.
Cannabis-derived products like CBD are becoming more widely accepted across the globe. Although the stigma is dissipating, all CBD products — no matter which plant they have been derived from — are associated as “high-risk.” This means that financial institutions and commonly used payment processors, such as PayPal, do not accept CBD transactions.
This cannabinoid is a highly sought after derivative of the cannabis plant and its abbreviated version — CBD — is short for ‘cannabidiol’.
Building a presence online with your CBD business depends on how well you can satisfy customers. Utilizing a CBD payment processor will ensure that high-risk merchant transactions can be dealt with securely, thus giving your customers the opportunity to browse and buy with ease. Until cannabis’ federal restrictions are lifted — it is currently a Schedule I substance — online CBD sellers will need to find a provider of high-risk transaction services.
Considerations for CBD payment processing
Setting up a CBD merchant account is essential because if you cannot accept payments, you won’t be able to ship CBD orders. As a result, you cannot build a list of positive customer testimonials, make a profit, keep the business running… (you can see where this is going).
Take a moment to evaluate which products and services are vital for the success of your business. Chances are, your mind will go straight to thoughts about customer service and payment processing; and, let’s face it, you can’t have one without the other.
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.
How can CBD payment processing benefit my business?
If you really want to hit your sales target in 2020 — without risking delays and difficulties in conducting CBD transactions — find out why your business needs CBD payment processing:
As a result, many CBD brands and online store owners have been left scrambling for payment processing solutions that ensure they don’t miss out on the “Green Rush.” Examples of some other high-risk industries that require gateway payment systems include adult products/services, Bitcoin trading, e-cigarettes, online gaming/dating, pharmaceuticals, travel services, telemarketing, and vape companies.