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There are also a number of other fees to take into consideration when selecting a CBD payment processor, such as:. You regret to inform them that your business does not accept credit cards. We love PaymentCloud's predictable pricing and excellent service. If you do not have the above things ready, your merchant account request is likely rejected no matter where you apply the merchant account. Fattmerchant is one of our top picks for credit card processing! You could just accept cash, like plenty of other CBD businesses, but that would severely limit your customer base.


Our plan is to offer the CBD product line only via eCommerce. Third-party payment providers will have their own policies regarding what products they can support, so you should contact the service you're interested in using to confirm that they're able to support your products. All pricing is on a flat-rate plan, with the following rates disclosed on their website:. Despite the passage of the Farm Bill and the deregulation of hemp and hemp-based products, the CBD industry continues to struggle with a mass of conflicting state laws that make it challenging to find a merchant account. Get started today with our free QuikQuote — and start selling CBD oil online and accepting payments in as little as six hours! Learn More At Fattmerchant.


It has become a billion-dollar industry and is projected to keep growing. Follow us. The major difference between CBD products and marijuana is that the former contain little or no THC tetrahydrocannabinol or any of the other psychoactive ingredients that marijuana contains. When it comes to selling CBD oil from home or through your eCommerce platform, PayKings offers dependable payment gateways and credit card processing for CBD oil merchants as well as reliable CBD oil solutions for eCommerce sellers needing to accept credit card payments online. We are contemplating entry into the CBD market.

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Many processors will turn you down and chances are, you may have tried with other merchant service providers before finding us. Kent March 26, at am. Learn More At PaymentCloud. Merchants should consult with an attorney before selling these products on Shopify. Since selling CBD is a high-risk business, it also has high return. However, Shift has lower fees across the board than the rest of the competition. You can also expect a standard contract with a three-year initial term that automatically renews for one-year periods after that.
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Companies that can offer these services will be the ones to do business with, since they will be capable of supporting you as your company thrives. Website Hosting Terminated! 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. Additionally, at this time, Durango advertises its CBD processing services as being available only in the United Kingdom and certain countries in the European Union. Are you curious whether the payment gateways we offer might be the right fit for you and your products? It is very difficult to imagine that Walgreens, or other big retailers like Barneys New York or Sephora, will be establishing foreign subsidiaries or setting up separate, high-risk processor relationships to sell CBD products in stores or on their websites. Processors with POS system integration will be able to assist you in managing both online and offline transactions.
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Minimal monthly fees means more money in your pocket. I reached out to Walgreens and CVS to help understand their position and preparation. No more turning away customers who want to purchase CBD products with debit and credit cards. What should you look for in a processor? NMI provides detailed insights into transactions, of which can be managed in conjunction with BigCommerce.
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Powerfusion can help! The reason for this is because the fairly new industry is prone to payment card fraud and charge-backs. Sign up for the Maverick Newsletter. Presenting clients with a unified commerce strategy, this CBD payment professor supports various payment methods including ACH, credit cards and debit cards. Does this sound familiar?
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The US Food and Drug Administration announced this month that it is holding a hearing on May 31 as it considers how to regulate cannabis products. Chargebacks may also accrue additional fees, so it would be in your best interest to confirm this prior to establishing a partnership with CBD merchant processing companies. PaymentCloud also offers Authorize. We specialize in helping merchants who are having difficulties after being shut down by a major payment gateway and are in need of CBD oil solutions and secure credit card payment processing. You need a processor that has experience with similar businesses and knows the struggles that you have already been through for trying to simply accept credit card payments. Follow us.
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