HISTORY OF CBD MERCHANT PROCESSING. It boasts a 99% payment processing approval rating for its merchant clients. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. 4 Best for Ingestible CBD Products: Easy Pay Direct. Lastly, opt for payment processors that align with your goals for a smoother journey. Just make sure to follow FDA regulations to ensure your CBD business is approved for a merchant account to sell. 7. Very few credit card processors allow CBD companies to use their services or to be approved for merchant accounts. The winds, though, are shifting and some payment processors are paving the way toward a more harmonious future for cannabis. Be Honest About Your Business Model Finding a high-risk merchant service provider is a rewarding feeling but it is only the initial step in securing approval. At Paybotic, we keep detailed sales records and will help you remain compliant by completing audits and. 10/transaction. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. High-risk payment processors can make it much easier to obtain a CBD merchant account. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. a. We offer lower prices than the competition and 20 years of expertise. Tap, dip, or swipe transactions. The BC Liquor Distribution Branch (LDB), under the brand BC Cannabis Stores, only sells non-medical cannabis produced by licensed producers approved by Health Canada. Even CBD, which was descheduled under the 2018 Farm Bill, has had its difficulty securing merchant. If you’re a “hard-to-place” merchant, like a medical marijuana dispensary or hemp oil manufacturer, you likely face difficulty. If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts. CBD Payment Solutions offers industry leading credit card processing, ACH, payment solutions for CBD. Service providers will continuously update their software to ensure your online CBD store is operating at lightning-fast speeds. We are a CBD processor who works on making customers happy and we support multiple payment options such as credit cards, debit cards, and ACH. Only a few merchant processors approve merchant accounts for CBD businesses. A merchant account is a kind of non-banking account, which allows merchants to accept payments via many different methods, usually credit or debit cards. Many banks consider CBD sellers "high-risk," making merchant services — like simple credit card processing — a struggle. How to apply for a CBD Merchant Account. Our processing techniques and account features exist to ensure that merchants selling delta-8 THC and other cannabis products face minimal risks when it comes to processing credit or debit card payments. Keep in mind that the requirements for a CBD merchant account vary depending on the processor. A disclaimer page to help your store’s aesthetic and, of course, pass information and warnings to customers. Companies must also. The eCommerce merchant account comes with quick and easy 24/7 support. Also, only CBD products derived from EU-approved strain of the hemp plant with < 0. You must go through three different processes to get a Shopify CBD account. Credit card payment processing companies facilitate high-risk merchant accounts with their special bank privileges to process digital transactions for industries, merchants, and products that. Moreover, they share all of the details and legal regulations around payment processing in. Then connect your store to your CBD dropshipping supplier’s system and boom. CBD Requires High-Risk Payment Processing If you encounter payment processing challenges, this section, and the next cover all you need to know about the logistics of high-risk payments. [email protected] CBD Program fees are slightly different than our traditional processing fees. Sell hemp products with a high risk merchant account. Payment processing, and in particular credit and debit card processing, can be challenging for CBD, headshop, and dispensary business owners. Adept Payments, a financial services company, pledges reliable, customer-centric payment processing solutions. Georginix charges $625 to join their program. Online: 16 agents CBD Merchant Account As a CBD business owner, you deliver relief to your customers—now let PaymentCloud deliver payment processing relief to you! We’re. They might take you on at. Our merchant services incl. On top of merchant cash advances, we offer a variety of cannabis payment processing solutions to businesses in the marijuana industry, including: Contact Paybotic at 844. 3-5 business day approval process after your approved paperwork is complete and submitted. 101—10231. Here my overlay on our current situation in the CBD industry’s payment sector: Cards (credit/debit): most sought after, high rate of account openings and forced closings due to regulations. These are NOT the cannabis plants grown for marijuana and hashish. HEMP. In late September of 2019, EMB became a Shopify approved payment processor. One of the main roles of merchant account providers is to assume most of the risk involved in processing credit card payments online. Auto transport merchant account and consulting services. Below are the rates: Online Purchase: 4. 2 Best for External CBD Products: PaymentCloud. With this being said, rates are subject to change as this program is still in beta testing. They currently offer the following for cannabis companies: True pin Debit; AHC and eCheck. The Importance of Partnering with a Seasoned CBD Payment Processor With greater acceptance of CBD products in the marketplace, they’ve been able to get thousands of CBD payment gateways approved. An approved CBD merchant processor; A sales tax license; Can you dropship CBD on Shopify? Shopify is by far the #1 Ecommerce platform on the market. To be eligible for a high volume merchant account, businesses must process at least $100,000 per month. Never miss a sale with powerful new ways to accept credit cards, anytime, anywhere in the U. based companies shouldn’t be treated like offshore merchants. Jake W CBD Minimal. The average setup time is less than 2-3 business days. In thisSocial Links. You can run in any country you want to work with and register with them to allow you to work with their. Recognized as one of the nation's Top CBD Merchant Processors by 10Buds for 2022The company has an extremely high approval record for merchant accounts. Who we are. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. Remember that credit card processing for smoke shops may come with a higher challenge of merchant account approval due to the perceived higher risk. Pinpoint Payments values your business and helps protect it: Industry-leading fraud prevention Real-time chargeback management “High-risk” merchant accounts . According to Mastercard (SRP, Section 11. There aren’t very many CBD limitations on BigCommerce’s platform. DigiPay is fully integrated with. Banks underwrite and. Apply for a CBD Merchant Account now. to support Hemp CBD Payment Processing. S. Choose the right system to meet your needs. Secure, reliable payment processing. Merchants can process Shopify CBD payments by meeting standard CBD. Most tier-one banks and payment processors will consider CBD a high-risk industry, which can make it difficult to obtain a merchant account to sell CBD online, especially if you sell directly from your own site. Read on for everything you need to know about high-risk processing. However, Shopify currently only supports the hemp and CBD market in the US (maybe Canada), so for now, you can only have a Shopify CBD business in this market. Finding a high-risk merchant service provider is a rewarding feeling but it is only the initial step in securing approval. 6. 1. But proponents claim it can have significant health benefits. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. It can. Securing CBD oil merchant processing can be very difficult. EPP Merchant: Applicable Tenure: Onetime Processing fee: Jumbo Electronics: 3, 6, 12, 24 months: 1. Let’s Talk About the CBD Industry. Transaction fee: 4. In 2019, Shopify began supporting the sale of hemp and hemp-derived cannabidiol products. Have a shopping cart compatible with our dropshipping management system (coming soon) Have an approved CBD merchant processor. For example, you must have an e-commerce website, an. A. Regulated products cannot contain more than (0. Created for CBD e-commerce and retail merchants. 8% + $0. 5% + 10¢. 85% and . Hemp Oil Tinctures Our esteemed banking relationships have been carefully developed over time. Payment processors like PayPal just can’t handle the needs of a high-risk merchant. The analysts estimated that the revenue of the market is projected to reach $16 billion by the year 2025. To get a Shopify CBD account, you’ll have to go through three different processes. List of suppliers for CBD products. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. However, the general steps are similar; Identify the right payment processor. These guys got me approved within a week! Great experience and I will definitely work with them again in the future. A payment processor will have special privileges with banks to become an approved CBD merchant processor to facilitate high-risk credit card transactions. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. Offering secure payments at your dispensary is essential. Joining their program requires a pre-approved CBD merchant processor and a $625 fee. Merchant Processors that. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. Our offerings include a reliable, affordable, and safe credit card processing along with ACH. Lightfire Merchant Services is a Premium Merchant Services Provider specializing in servicing those within the E-Cigarette/Vape/CBD industry. net account. After that, you need to wait for account approval. National Processing: Best For Clover Processing Hardware. These startup businesses, companies selling vaporizers, CBD products, and software to marijuana users or marijuana companies, were kicked off payment processors and other mainstream business. Delta-8 THC is one of the four most common cannabinoids. There were many issues with. For this webcast, Harrison Mallen, with LimeLight, talks about the muddy waters surrounding the CBD industry in terms of banking and merchant accounts. If you’re ready to take your hemp-based business in North Carolina to the next level, it’s time to set up a CBD merchant account! CBD Businesses Wanted. In a blog post dated June 17, Thrive Market CEO Nick Green said: “In early June, we received a notice from our merchant processor demanding that we cease the sale of all hemp and CBD products on. Card brands such as Visa, payment processors, and even the IRS use MCCs to identify the type of business they’re working with. You pay 2. However, you’ll run a lower risk of account freezes and holds. In fact, we pride ourselves on a fast turnaround time—most approved. “BigCommerce Goes Green“. 25 per transaction. SMS messages aren't supported. Accelerate the growth and opportunity in your business. Up-to-date certificate of analysis (COA) for CBD products. 10. Merchants have had to deal with unconventional payment and non-transparent payment solutions for years with some combination of ridiculous pricing, inconvenient funding terms, holdbacks and reserves, and the issue of being shut down months after getting approved. CBD is legal to buy, sell, and use in a limited number of countries and. Once processed, the funds are credited to a merchant account established by the business owner and when the payment is finally approved by the payment gateway,. Before 2018, it was commonplace for U. We don’t discriminate. Farm Bill, its association with the cannabis industry at large causes it to be seen as high risk in the eyes of conventional payment processors. A CBD merchant account is a dedicated CBD retail processing account and a CBD eCommerce account that allows merchants selling CBD and Delta-related products to accept debit and credit card payments. For online CBD suppliers, finding a payment processor amenable to cannabis commerce has been an uphill battle. E-Cigarette/Vape/CBD Business Whether you are a start-up business looking to make your mark in the industry or a wholesaler that is already processing large volumes, LightFire Merchant Services is the. We also provide alternatives for CBD merchants looking for a merchant account! 1-800-988-2215. GREENWAY Payments has over 4 years experience specifically with CBD merchants. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. First, we’d talk about why CBD for sale needs high-risk merchant services. In addition to higher processing rates, CBD merchants may all see increased chargeback fees, PCI compliance fees, early termination fees, and even merchant account reserve withholdings. For CBD and hemp businesses that operate online, having a reliable and secure payment gateway is crucial. The purchase of HighriskPay by Unsafe shows that the CBD market is gaining popularity. Due to the higher-risk categorization, the CBD industry often uses alternative payment processors such as HighRiskPay. EarthE CBD Provides Excellent Customer Service Along With the CBD Payment Processors in Shreveport, LA For the Merchants Who Face any Kind of Problem While Managing the Finances of Their Account. FREE Cost Comparison. They offer tailor-made processing solutions to fit your individual business needs. It only takes a few minutes to fill out our online application, so there’s no reason to wait. HighRiskPay. 2% and $. Lower prices. Trustpilot. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. 1. S. Fees. We offer the industry's first transparent and compliant cannabis payment processing merchant account. Adhering to these standards is challenging with a cash-only or self-managed payment processing strategy. Mon - Fri: 9:00 am - 5:00 pm; Apply Now. USA Domestic/International CBD Merchant Accounts. PaymentCloud is also one of the top rated merchant services providers in the credit card processing. These accounts are typically offered by specialized payment processors that specialize in working with high-risk businesses. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. A CBD merchant account is a merchant account designed for CBD sellers and businesses. Despite the passage of the 2018 farm bill last year, which decriminalized hemp and made it legal to cultivate the crop for certain purposes, some states have banned the sale of food, such. This entails filling out the general form, then adding details in a more thorough merchant application. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. Solutions. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. Begin accepting credit and debit cards for CBD products today by filling out EMB’s simple online application. Accept payments in your business via credit cards, online, or mobile options. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. Pennsylvania’s Medical Marijuana Act (35 P. Banks underwrite and. Luckily, there are payment processors like PayKings that specialize in providing high risk merchant accounts for CBD businesses. There are also laws in which these products cannot contain more than . What Is An Approved CBD Merchant Processor? Transform your business with a specialized CBD merchant account – allowing you to accept credit card payments and get express authorization from the service provider for selling hemp-derived goods. They rely on a network of third-party processors and banks in both the United States and abroad. 9% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (invoices only), and 3. USA Payments is the high-risk processing expert your CBD business needs. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. “BigCommerce Goes Green“. High Risk Merchant Account Instant Approval; About us; Rates & Fees; Contact Us (800) 956-1277. Welcome to The CBD Processors! We appreciate your visit and are very excited to present to you the premium merchant processing service for the entire hemp industry. FINALLY, we have the first 100% above board, legal CBD merchant accounts in the US & Canada. eMerchant Broker Location: Irvine, CA CBD payment processors are merchant service providers that allow businesses to accept credit and debit card payments for CBD products. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. com, for example, specializes in high-risk transactions. These processors have special agreements with banks and credit card companies that allow them to process these types of transactions. Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal compliance within the CBD sector. 79%. These. Start accepting credit card payments. Make Merchant Account Approval Easier If you want to move forward with a CBD oil merchant account , there are steps you can to improve your chances of approval. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. Our Cannabidiol Payment Processing fees and charges are the most competitive in the industry!A new, risky CBD installation processor purchases the. 996. 1-800-988-2215. This is the same kind of merchant account that a high-risk merchant uses, except that it has been approved to sell products derived from CBD and hemp. They offer competitive high-risk rates and top rated customer support. First Card Payments offers consultation and payment processing services for CBD merchant accounts. PaymentCloud, situated in California, has produced the best merchant accounts since 2010 and now welcomes CBD companies. Merchants with recurring annual or monthly fees. S. To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. American Express may require separate approval. Advanced chargeback protection programs. You will need to integrate a third-party CBD merchant account into your online store. Here are few important qualities when looking for a top CBD payment processor: Allows you to sell various types of CBD items A CBD merchant account allows for the uninterrupted acceptance of non-cash payments for the sales of CBD OIL and Cannabis related products. CBD businesses are classified as high-risk, so most of the popular merchant account providers are not willing to work with CBD based businesses. The merchant must grant the processor access to scan their POS system intermittently, and usually once a month, to ensure no unapproved products have been added to the merchant offerings. However, acquiring banks and other financial institutions classify CBD products as high risk. - #1 Kratom Merchant Processor Since 2009 - Kratom Merchant Accounts. Best CBD Merchant Account Provider: Moonlight Payments. While it’s less common than Delta-9 THC, the psychoactive ingredient that most cannabis users know best, more and more is being learned about this cannabis ingredient. 2110) allows grower/processors to obtain hemp only from a person holding a permit issued by the Department of Agriculture to grow hemp. Be charged higher pricing for credit card processing. PaymentCloud is a top recommended credit card processor for kratom businesses. Best for businesses that want a wide variety of terminals and POS systems. This entails filling out a general form, then adding details to a more thorough merchant application. G. Apply now for your CBD Merchant account. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. We help businesses that would normally get turned away . Supported industries: Firearms, vape shops, real estate, gambling. The explanation for CBD Merchant Processing Optimus Merchant Solutions is a CBD payment processor that gives CBD merchants a surcharge on high-risk merchant…New York state is requiring that licensed manufacturers and processors comply with current federal GMP regulations — 21 CFR Part 111 (for dietary supplements), or 21 CFR Part 117 (for foods) — established by FDA. What distinguishes merchant service providers from popular payment services providers is the. Square CBD Merchant Account Pricing. 4. iPhone and iPad are registered. 10 Host Merchant Services: Best for large high-risk businesses. I'll also give a positive shout out to Emerchant Broker (EMB) for doing an awesome job of helping CBD sellers. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. S. Authorize. 95% FLAT. We are high-risk experts with over a decade of experience providing successful solutions. 3. com. Purchasing CBD online or in-person for that matter is generally considered an even higher risk proposition even. They need to submit more information about their products and marketing strategies. To help you on this journey, we've compiled a list of seven qualities you should look for in a payment processing partner for a CBD merchant account. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. We have done this by creating an industry-specific and professionally tailored merchant account for CBD businesses. Like most high-risk merchant account providers, PaymentCloud is not a direct processor. So, on March 14, nearly all CBD brands began scrambling for a new solution before losing. FREE Gateway Set-Up. 1. Lastly, you need a trusted CBD manufacturer or supplier, especially if you opt for dropshipping and plan to market your products. This is why the approval rate for CBD-related products is so low, and as a business owner, you find it challenging to grasp a secure payment processing company. In 2020, the number of shoppers that shopped through Shopify increased by 52% from 2019. CBD merchant processing has been a revolving door of bank solutions that first say. S. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. Instabill. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started. They offer a variety of products and have a strong brand recognition. Merchants can begin processing in less than 1. To be issued a merchant account, you must show three to six calendar months of processing history. Apply today and get a quick approval! Tags: CBD Payment Processing. Read Also Is Shopify Still Profitable for eCommerce. With many ways to accept payments and create websites, it can become confusing for merchants to know the best practices. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Be denied services completely. Take payments online, in-person, swipe, dip, emv. Yes. CBD is considered a banned substance for Shopify Pay , but you can sell it through a Shopify store using high risk payment processors. Only a few merchant processors approve merchant accounts for CBD businesses. Here their processing company will collect the necessary information. 6 Best for Flat Rate Pricing: PayWize. That includes your CBD high risk merchant account and your business insurance. As such, Square’s CBD processing fees are higher than Square’s standard processing fees. We saw this as an opportunity to make our tools available to sellers in the CBD space so they can start, run, and grow their business on Square. EMB takes pride in getting 99% of our applications approved for our all-inclusive payment processing and funding solutions. Working with a reliable processor makes both you and your customer feel safe. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Processing Fees –. CBD merchant accounts are payment processing accounts specifically designed for businesses that deal with CBD products. A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. ECS’s services and solutions include: Credit card processing. Online sales began surging as soon as payment processors began approving card-not-present transactions. You must choose and set up a third-party payment gateway that supports the sale of hemp and hemp-derived CBD products. 2) Chargebacks: Chargebacks are the bane of many merchants. [2] CMS-Connected. Our CBD merchant services cover. As an online CBD merchant, it can be challenging to find a bank that is willing to accept your business. Best for international merchants. Helping CBD merchants get approved quickly with competitive rates. Credit card payments are deposited through ACH directly into the account. 3% more THC. See morePaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. The company does not charge any setup fee, and merchants are offered free EMV-compatible terminals for their accounts. In order to accept credit card payments for CBD, you must open a merchant account. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. Merchant processing is a must for any CBD business. It is quite an old company, established in the year 2000. Elavon was responsible for a rumored 90% of online CBD merchant payment processing in the United States. Instabill also requires a six-month rolling reserve from each merchant. Call us today! We use cookies to ensure that we give you the best experience on our website. Charlotte's Web is a well-known and reputable CBD supplier with strong brand recognition, which might help with marketing and sales. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Any CBD owner knows that merchant processing is challenging and there have not been many stable solutions. Currently, PaymentCloud is our top recommendation for talking card payments as a hemp business. Trust us, that’s fast for a high risk credit card processor. For many CBD business owners, this is a welcome development. 3% THC. Even so, these processor have policies regarding CBD credit card processing that change frequently and often without notice. com. Zenti’s high-risk merchant account for CBD sales gets you set up and accepting payments online or in-store fast and easy. Credit Cards; Online. When applying for a CBD merchant account, it’s crucial to ensure that the payment processor thoroughly underwrites new accounts and performs enhanced due diligence. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. PayKings – The best choice for businesses looking for interchange-plus pricing and eCommerce shops ( Shopify). Instabill. Stellar Financial Track Record. Due to the change in Chase’s policy, Square is allowed to offer merchant processing to certain CBD companies. Square CBD Fees, Rates & Pricing. Subscription-based companies that. Considering the whopping figure, any merchant would want to take advantage of this profitable market. Understand more about being in high risk verticals by researching payment review websites with key information. 4% + 15¢. Three months of processing statements. Instabill offers merchant accounts for e-commerce CBD sellers only. S. Nick B. A Thorough Merchant Account Approval Process. #1 PaymentCloud Top Pick for Hemp Merchant Accounts. Don’t let high fees suck your company dry. Due to the inherently higher risk associated with CBD products, CBD merchant accounts inevitably come with higher prices and more restrictive policies than low-risk accounts. Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of. Rates begin at 2. We make it simple for you to get a CBD merchant account in as little as. However, these fees are dependent on the risk level of your business. High Transaction Volume. Avoid claims, flower sales, and make sure to have clear. All payments processed while participating in the CBD Program, including non-CBD items, will have the following costs: Payment Method. merchant solution. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. 7. We offer an online processing of your merchant account application so we can begin processing your application immediately. With a staggering 1,200 sanctioned hemp processors and 1,500 approved hemp cultivators,. Adhering to these standards is challenging with a cash-only or self-managed payment processing strategy. CBD payment processors are merchant service providers that allow businesses to accept credit and debit card payments for CBD products. 8. CBD Merchant Account; Continuity Subscription Merchant Account;. Charlotte's Web products may help with marketing and increasing sales. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. Total set-up time is 15 days. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. CBD merchants of all sizes are welcome to apply. Here are the best marijuana payment processing companies & the truth about credit cards. Echeck Processing is available for next day setup!. If a product has been added that has a higher THC level greater than . Georginix is a big supplier with fast response times and valuable advice, but website compatibility with Shipstation and pre-approved CBD merchant processor are required. 25% - 6. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. 25% - 6. Shopify leaves this verification up to you, so it’s always important to do your homework. In addition to higher processing rates, CBD merchants may all see increased chargeback fees, PCI compliance fees, early termination fees, and even merchant account reserve withholdings. At Merchant Advice Service, we understand the unique challenges faced by CBD businesses when it comes to accepting credit and debit card payments. 5 Best for High Volume Offshore Processing: SMB Global. The short answer is, yes, you can sell CBD products on Shopify. The Importance of a Thorough Merchant Account Approval Process. payment gateways, credit card processing, chargeback alerts & instant approvals. Or, call us at 877. This provider specializes in hard-to-approve business types and can currently supply kratom merchant accounts, Hemp merchant accounts, and even CBD merchant. FinTechMerchantAccounts can provide you with both international and domestic CBD merchant account choices to fit your requirements.