Don’t let high fees suck your company dry. net as a bridge to connect them to your Miva store: First Data. In an industry that's still fighting for widespread legalization, not everything is easy to acquire. 0330 122 6418; Support;. After spending months looking at options that were not even as good as what we got with CBD Card Processing, we were approved for a domestic card processor within 1. 3% of THC, the substance in marijuana that causes a high. For example, if you process $20,000 or more a month, or if you have an average transaction amount of $500 or more, you risk more opportunities for higher chargeback ratios. The two companies ahead of Shopify are Woocommerce and Squarespace. Charlotte's Web is a large and recognizable supplier with potential for better sales. In addition to providing extra flexibility with the use of your. When you accept credit cards at the point of site, it should be the last time you think about that transaction. In order to accept credit card payments for CBD, you must open a merchant account. Compatible with major shopping carts: WooCommerce, Shopify, Magento, Ecwid, etc. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. 9% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (invoices only), and 3. This is a massive leap from the estimated retail sales of CBD-related consumer products back in… Read More »CBD. 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. Another mind-blowing statistic is that over 26,400 partners referred a merchant to Shopify in one year. EPP Merchant: Applicable Tenure: Onetime Processing fee: Jumbo Electronics: 3, 6, 12, 24 months: 1. What to look for in a CBD payment processor. Once you receive approval for a CBD merchant account, your payment processor will send you any POS hardware and integrate it with all your existing software to get you up and running. 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. However, like other high-risk businesses, CBD merchants have to undergo a. To get a Shopify CBD merchant account, you’ll have to go through a three-step process: CBD Merchant Account Application Process. 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. Here are. So, whether you specialize in CBD oils, gummies, lotions, or any other product, we will help you scale your business. 75% rate comparable to a low-risk merchant account. Published on January 13, 2020. The future sales of food and dietary supplement products containing CBD, which are commonly referred to as edibles, remain stalled at state and federal laws. S. With its free virtual terminal that enables businesses to track CBD sales easily, PaymentCloud has one of the highest approval ratings of all CBD merchant processing solutions. August. To sum it up, here are the 4 best Cbd merchant service providers: National processing – Best for businesses that want low fees and those that have Clover terminals. 3. 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. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. In recent days, it has been just cbd sour gummy worms snowing, and the roofs and distant hills are sleeping quietly under. Finding a merchant account for CBD payment processing may take some effort, but it is possible to find a provider that can meet the unique needs of a CBD business. PaymentCloud is also one of the top rated merchant services providers in the credit card processing. 8. With quick settlement of processing funds. Trust us, that’s fast for a high risk credit card processor. Apply today and get a quick approval! Tags: CBD Payment Processing. Corepay: Best For Mail Order/Telephone Order Businesses. Selling CBD is a high-risk business. 5% + 10¢. Instant approval hardly means instant for high-risk merchant accounts. your rates are not going to be low for credit card processing like visa, amex, discover, amex. Call Now: 1-888-839-8688. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. The landscape is changing every day in the processing world. Quick Recap: The 4 best CBD merchant service Providers. This is a major concern for CBD merchants when processing credit card transactions for CBD purchases. Like most high-risk merchant account providers, PaymentCloud is not a direct processor. In need of a merchant credit card processor for my online ecommerce store where we sell Full Spectrum Hemp Extracted Cannabinoids: (CBD, CBG, CBDA). According to Mastercard (SRP, Section 11. Only a few merchant processors approve merchant accounts for CBD businesses. The analysts estimated that the revenue of the market is projected to reach $16 billion by the year 2025. 4. 1. We make setting up a CBD merchant account a quick, hassle-free process. A full-service CBD payment processor will also be able to tweak their programs, should any changes occur in the payment market. 2% and $. ) Still, the stakes are high for CBD businesses. The company does not charge any setup fee, and merchants are offered free EMV-compatible terminals for their accounts. 2 Best for External CBD Products: PaymentCloud. As you can see, a Stripe CBD merchant account is not specifically on this list. CBD merchant processing has been a revolving door of bank solutions that first say. Right now the program is under construction and will be launching in late 2023. Service providers will continuously update their software to ensure your online CBD store is operating at lightning-fast speeds. PaymentCloud Top Rated for Kratom Credit Card Processing. 10. Georginix charges a $625 fee to join their program and requires a pre-approved CBD merchant processor. To help you on this journey, we've compiled a list of seven qualities you should look for in a. CBD Merchant Account; Continuity Subscription Merchant Account;. Our highly trained staff is here to answer all your questions about CBD merchant account, pricing, contracts, and other services. What Is An Approved CBD Merchant Processor? If you sell CBD products online, finding a processing company that is approved for CBD transactions can be a challenge. Square CBD Fees, Rates & Pricing. . 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. Fast Approval. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. 1. You’ll be thoroughly vetted prior to approval, though, which can take some time. 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. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. published a study on the Cannabidiol (CBD) market. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. The best rates for CBD credit card processing in the USA and Canada. Plus, you’ll never be charged a setup fee or application fee. Luckily, there are payment processors like PayKings that specialize in providing high risk merchant accounts for CBD businesses. 2. 2. Fees. They have experience in working with both high-risk clients and large, well-established eCommerce stores. 03%. The Importance of a Thorough Merchant Account Approval Process. Our CBD Program fees are slightly different than our traditional processing fees. GREENWAY Payments has over 4 years experience specifically with CBD merchants. We’re experienced in placing Cannabis merchant accounts, and, because we are a broker we have many Cannabis payment processing options at our disposal. American Express may require separate approval. Note Code 06 is currently unused but is reserved for future use. Durango Merchant Services: Best For Offshore Merchants. However, constraints usually come from the. To get a Shopify CBD account, you’ll have to go through three different processes. S. Many payment processing companies will give you instant approval without formally underwriting your business. GET STARTED. 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. We understand the blood, sweat and tears you’re putting in to make your business great. Due to the change in Chase’s policy, Square is allowed to offer merchant processing to certain CBD companies. Looking for high risk CBD merchant services? Contact High Risk Payments today to learn more about our tailored solutions for CBD merchants. 3%; the processor shuts down the merchant’s total processing until the added product is removed. Created for CBD e-commerce and retail merchants. com, for example, specializes in high-risk transactions. Shopify CBD Payment Processor. A CBD merchant account and payment processor. 25 for each transaction, and a $10 monthly gateway fee is further charged. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. What Is An Approved CBD Merchant Processor? If you sell CBD products online, finding a processing company that is approved for CBD transactions can be a challenge. Here are the best marijuana payment processing companies & the truth about credit cards. 4% + 15¢. Easy Sales Tracking. Besides leasing POS systems, Bankcard International offers several CBD payment gateways and integrations with e-commerce platforms like Shopify. The CBD processor HighRiskPay. This marks a significant step towards financially managing your CBD business. Before 2018, it was commonplace for U. Online sales began surging as soon as payment processors began approving card-not-present transactions. it would be challenging to continue processing CBD-related transactions without the company’s knowledge. net, while not directly accepting CBD merchant accounts, will offer their services as a gateway on your Miva site. Recognize that obtaining approval for CBD processing might entail a longer timeline compared to non-CBD sales. They might take you on at first. Charlotte's Web products may help with marketing and increasing sales. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. (800) 956-1277. Application – Apply to receive a payment processing account. Because the CBD industry is relatively new, it may be prone to fraudulent business activities and frequent chargebacks. They are handling the business transactions of many reputed CBD companies. 6 Best for Flat Rate Pricing: PayWize. Stripe may be able to support businesses on its Restricted Business List with explicit prior approval. 5%-6 months, 3%-12 months, 8%-24 months: Virgin Mega store:Moreover, they’re more qualified to handle your businesses than a Stripe CBD payment gateway. FREE Account Set-Up. Get Started Today. As you can imagine, there are hundreds of different merchant category codes. 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. Transaction fee: 4. Get your Shopify CBD online store off the ground with a CBD Merchant account and. Echeck Processing is available for next day setup!. Moayyer indicated she had contacted 13 merchant service providers in the day preceding the interview and one – Square – said they do serve CBD businesses but the program is an invite-only beta. A CBD merchant account is essential for any CBD merchant. How To Apply for CBD Merchant Account. If the sponsor bank has a low-risk tolerance, chances are the payment processor won’t. lawmakers, Facebook has decided to remove. Vape, Glass, CBD and Kratom Approved. Sell hemp products with a high risk merchant account. Joining their program requires a pre-approved CBD merchant processor and a $625 fee. When you’re searching for the right CBD payment processor you may find that many high-risk merchant accounts come with high fees, and it can be helpful to shop around for a CBD payment processor with lower fees than other companies. In addition, many marketing platforms prohibit you from. Tap, dip, or swipe transactions. 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. The firm has an extremely high approval record for merchant accounts and, unlike other high-risk suppliers, does not charge an application. Delta-8 THC is one of the four most common cannabinoids. The higher your credit score is, the greater your chances of approval. CBD businesses can get approved in as fast as one day. It can. 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. (Even low-risk businesses can wait up to 1-2 business days for approval. Bankcard is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. 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. - #1 Kratom Merchant Processor Since 2009 - Kratom Merchant Accounts. Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. Research necessary regulations. In late September of 2019, EMB became a Shopify approved payment processor. Merchants can begin processing in less than 1. Moonlight Payments. Transaction fee: 4. GET STARTED. Corepay offers the following for CBD merchants: Fast CBD account approvals with 24-72 hours. Fax: (818) 741-2252. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. Steps for Setting up a POS System for CBD Merchants. Apply now for your CBD Merchant account. Your merchant account, once submitted will take about 15 days for approval, integration (if needed) and any other processes to help get your company’s eCommerce or retail store properly integrated to accept credit cards again. While the industry standard for high-risk payment processing is four days from the date of the transaction to the time of the deposit, electronic funds transfer processed by High Risk Pay will typically reach your account in 24–48 hours. 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. The FDA has gone after. Our solutions integrate with mainstream processing plugins and allow for load balancing so you can have more than one merchant account. Here are a few of the merchant processors that currently allow for CBD product sales along with a brief description of what customers have to say: DigiPay Solutions: DigiPay Solutions specializes in high risk industry transactions. Defend your business against uncharted fraudulent activity and chargebacks. For online CBD suppliers, finding a payment processor amenable to cannabis commerce has been an uphill battle. That includes your CBD high risk merchant account and your business insurance. Vape, Glass, CBD and Kratom Approved. Secure, reliable payment processing. It is quite an old company, established in the year 2000. Absolute Nature CBD is a great supplier with lab-tested products, no minimum order requirements, and both dropshipping and white label programs. One big challenge for new CBD website owners can be the ability to accept credit cards. This means that CBD merchant accounts are exposed to a larger-than-usual degree of chargebacks and fraud, which will naturally unsettle a large, risk-adverse institution like US Bank. 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. Discover how to reap the benefits and access the key component for processing CBD payments. Instabill also requires a six-month rolling reserve from each merchant. Shopify allows payment processing directly through their platform for various industries, but for CBD, merchants must look elsewhere. Remember that credit card. Easy Pay Direct: Best for Scaling High-Risk Businesses. Accepts start-up businesses. The eCommerce merchant account comes with quick and easy 24/7 support. 7. CBD businesses may be subject to unavoidable high-risk merchant account fees. GET STARTED. Summary: Although CBD was completely legalized in 2018 with the U. 9. 27702 Crown Valley Pkwy Suite D4-120, Ladera Ranch California 92694, USA. 3-5 business day approval process after your approved paperwork is complete and submitted. Square Payments. They offer tailor-made processing solutions to fit your individual business needs. Online payments, by their very nature, are considered high-risk transactions compared to in-person tap, chip or pin credit card payments. This will often mean going through and contacting various high-risk payment processors. S. Some merchant processors have accepted that CBD is here to stay, and are now allowing transactions on CBD products both online and in-person. If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts. After the account issuer approves your account, you can begin accepting payments. A. Merchant accounts are generally established under an agreement between a merchant and an accepting merchant getting bank for the settlement of credit or debit card transactions on their. PayKings is one of the best high risk merchant solutions for your expanding. PaymentCloud offers third-party gateway capabilities, integrations with retail terminals and online shopping carts, and staying up-to-date on changing legislation. Many people think that faster is better, but that's not. CBD sellers cannot process electronic payments without a merchant account. In fact, we pride ourselves on a fast turnaround time—most approved. Immersed in Knowledge and Focused on Your. 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. A disclaimer page to help your store’s aesthetic and, of course, pass information and warnings to customers. Therefore, CBD remains high risk or hard to place. PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. With Limelight, it enables users to increase the approval rate of credit cards and track their orders as well as control returns. The best CBD payment processor helps you get approved fast for your CBD merchant account. Call us: 1(877) 441-6801. If you are selling CBD products online, you need a payment processor that is familiar with the industry and knows how to work with you. In this blog, we’ll break down everything you need to know about. 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. With our kratom credit card processing solution, it’s finally possible to accept payments for kratom vendors and cbd with a domestic U. Instabill also requires a six-month rolling reserve from each merchant. Even though hemp, and by extension CBD oil, has been. As of 2021, eligible small-business owners using Square can get. big news is Square’s CBD program expanding to accept more merchants. 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. 3. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. Applications take an average of 15 days for approval. National Processing: Best For Clover Processing Hardware. Cannabis Diverse. CBD Merchant Solutions are one of the few real companies. This provider specializes in hard-to-approve business types and can currently supply kratom merchant accounts, Hemp merchant accounts, and even CBD merchant accounts. In 2020, the number of shoppers that shopped through Shopify increased by 52% from 2019. 30; In-Person: 3. Get Approved for a CBD Business Account Today! GET APPROVED QUICKLY GET STARTED 99% of applicants obtained high-risk business accounts HIGH APPROVAL. We offer lower prices than the competition and 20 years of expertise. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. Apply to receive a payment processing account. Working with a reliable processor makes both you and your customer feel safe. They provide offshore merchant accounts in addition to high-risk merchant accounts, which are their areas of expertise. We would like to show you a description here but the site won’t allow us. Very few credit card processors allow CBD companies to use their services or to be approved for merchant accounts. Or, call us at 877. High Transaction Volume. In this blog post, we'll take an in-depth look at 7 simple yet effective tips that will help ensure that you get the right CBD merchant processing services for your business. ACH Payment Processing; Chargeback Prevention Tips;. Banks underwrite and. Before we get started, let’s take a look at some frequently asked questions. However, constraints usually come from the payment processors. Apply for a CBD Merchant Account now. We only focus on the CBD and hemp industry and stay informed of the latest regulations and developments within the market to assure that our large. [2] CMS-Connected. 8% + $0. Get fast account approval. Choose the right system to meet your needs. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. Bankcard International Group (BIG) is a high-risk payment processor that specializes in the cannabis industry. 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. 2. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. With Shift4Shop, there's no need to search for a high-risk payment processor. Merchant service providers that are willing to take on CBD accounts can be hard to find. Instabill offers merchant accounts for e-commerce CBD sellers only. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Option 1: CBD Domestic Program (Take payments in 3-7 Business Day) Payment solutions for all CBD payment types: In-Person, Online, & Mobile. Whether you are a startup CBD merchant, a mid-sized business or a publicly. Credit Cards; Online. Shopify’s payment processor doesn’t support CBD stores. If you’re looking to sell CBD online, it can be tricky to know where to start. Avoid Claims: Banks do not want to see any types of claims on. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. These guys got me approved within a week! Great experience and I will definitely work with them again in the future. HighriskPay provides virtual terminal solutions for retail payment processing. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, and merchant cash advance. CBD is one of the industries classified as “high-risk” in payment processing due to a variety of factors. We offer the industry's first transparent and compliant cannabis payment processing merchant account. 6% + 10 cents for every tap, dip, or card swipe that happens in person. If your application is in full. Keep in mind that the requirements for a CBD merchant account vary depending on the processor. 99% approval Having trouble getting approved for your high risk merchant account? Did you know HighRiskPay approves 99% of all applicants! FAST APPROVAL. Here are the types of businesses that can benefit from a high-risk merchant account. Best for Cannabis & Hemp Payment Processing: Canna Group LLC. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. Some of the features of your CBD merchant account may include: Multi-bank processing (including off-shore) No reserve. The only FDA-approved drug that includes CBD is Epidiolex. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. Accepts domestic & international cannabis merchants. Need a Merchant Account for your CBD Online Store? High Risk Merchant Account & Payment Gateway Provider⚡ Instant Approval Contact us ☎ (800) 956-1277. CBD businesses may be subject to unavoidable high-risk merchant account fees. Any high-risk merchant that chooses a traditional payment processor is bound to hit a snag at some point. How to apply for a CBD Merchant Account. Stellar Financial Track Record. 10 Host Merchant Services: Best for large high-risk businesses. 101—10231. Those high risk merchant account providers, like PayKings, that are willing to process transactions for your high risk business are offering solutions to those merchants like yours in the CBD oil industry –. Here are brief overviews of the seven best merchant account providers in the industry that accept CBD merchants: PaymentCloud: Best For Dedicated Account Manager For Customer Support. 1. Charlotte's Web is a huge company with strong brand recognition. 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. Offers debit & cryptocurrency payments. These are NOT the cannabis plants grown for marijuana and hashish. High Risk Payment Gateways. Like most high-risk merchant account providers, PaymentCloud is not a direct processor. No contract terms. We do everything we can to make the application process simple, easy, and painless. Our commitment to beating competitor rates, dedicated customer service, and thorough rate review. As a high-risk industry, CBD and hemp merchants are subject to stringent compliance and tracking requirements. Epidiolex does not contain any THC. Charlotte's Web is a huge company with strong brand recognition, which can help with marketing and sales of their products. For this webcast, Harrison Mallen, with LimeLight, talks about the muddy waters surrounding the CBD industry in terms of banking and merchant accounts. 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. 3. M. There aren’t very many CBD limitations on BigCommerce’s platform. Click or ☎ call (855) 339-6004 for more information today! Call Us On: 855-339-6004 | Follow Us On: Home; About us; Our Services. Auto transport merchant account and consulting services. These features and techniques include: Fast settlements to merchants. Elavon was responsible for a rumored 90% of online CBD merchant payment processing in the United States. Steps for Setting up a POS System for CBD Merchants. Twitter Facebook-f. We offer an online processing of your merchant account application so we can begin processing your application immediately. Yes to you, and yes to your business! Premier One was founded on a simple principle: give every business the merchant services they need so they can grow in volume, profitability and reputation. Georginix is a big company that responds fast and gives valuable advice, but requires a compatible website and pre-approved CBD merchant processor. Visit the processor’s website. So, on March 14, nearly all CBD brands began scrambling for a new solution before losing. Square CBD Merchant Services. BigCommerce CBD Limitations. Once a CBD or Hemp company is approved, payment processors set monthly processing limits for new businesses, typically between $25,000 and $50,000 per month, for the first three-to-six-months. S. 996. Assuming that you meet all the requirements, your CBD merchant application will be approved. Payment Processing –. CBD Merchant Account Approval. Read on for everything you need to know about high-risk processing. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. Signed merchant application. Shopify. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. 1 Best Overall: Square. About Us; Services. As a merchant bank for CBD and other high risk businesses, here at Shift Processing, we are very transparent about our fees and hemp no termination fees should you choose to end your resource with us. Segpay CBD merchant processing is available for hemp-derived products with a 0. Created for CBD e-commerce and retail merchants. CBD is legal to buy, sell, and use in a limited number of countries and. 3-5 business day approval process after your approved paperwork is complete and submitted. Here are the 15 largest high risk industries that need payment processing. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. CBD Merchant Accounts are Still Evolving. Apply for a Merchant Account in Mexico now! Contact Option* Call me ASAP Call me anytime today Email me Anticipated Monthly Processing Volume* up to $10,000 $10,000 - $50,000 $50,000 - $100,000 $100,000 - $250,000 $250,000 - $500,000 $500,000 - $1,000,000 $1,000,000+ Not SureAs a high-risk industry, CBD and hemp merchants are subject to stringent compliance and tracking requirements. The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. When you apply for a CBD merchant account from PaymentCloud, you’ll get approved. Payment gateways and merchant accounts are generally not CBD friendly, even. If your application is in full working order. Update Nov 2019: I’ve spoken to the guys at GroovePay and they have an application process for CBD vendors. Also, it’s recommended to speak to a lawyer about the regulations in your state and to verify compliance. A Thorough Merchant Account Approval Process. Total set-up time is 15 days. This booming industry has prompted many people to launch their own CBD businesses, yet many are running into challenges selling.