LOOKING FOR A CBD MERCHANT ACCOUNT?
The best CBD payment processor can create a custom account for your business needs. PayKings - the leading experts in getting your CBD merchant account ready to accept payments.
High Risk Merchant Account CBD
Finding a CBD merchant solution that keeps your business running smoothly is critical for your online store. PayKings knows how frustrating it can be finding high risk merchant accounts in the CBD industry. Moreover, getting payment processing on your website might seem daunting for even the most experienced CBD merchants. If you don’t know where to begin, we’re here to help. At PayKings, we help you take the right steps towards finding a high risk CBD merchant account. We have the CBD payment processing solution that fits your business needs.
If you’re looking for CBD merchant processing, it’s important to understand why payment processors are often difficult to obtain (and retain) for sales in the CBD industry. CBD product sales are considered to be high risk in the online merchant account world due to the nature of how the liquid is cultivated. CBD is a legal product. However, it is derived from the same plant, which breeds its regulated counterpart, cannabis. The very notion sends banks and lenders into high alert often resulting in your CBD merchant account being labeled high risk. Right now, CBD is categorized as a high risk business regardless of what kind of CBD products you carry in your online store.
Alternatively, getting a high risk CBD merchant account does not mean you’re out of luck when it comes to credit card processing. PayKings is an expert at finding the best way to expand your market to deliver your CBD services and products. PayKings is committed to finding the proper CBD credit card processing solutions you need to dominate the online presence. We offer completely customizable CBD merchant processing options to solve your business needs. Moreover, PayKings makes it easy to obtain a CBD merchant account in as little as 48 hours.
Choosing The Best CBD Payment Processor
The best CBD payment processor helps you get approved fast for your CBD merchant account. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. Here are few important qualities when looking for a top CBD payment processor:
- Allows you to sell various types of CBD items
- Discusses your processing history and helps startups
- Low rates and fast approvals
- Discusses how to organize products and merchandise
- Mentions THC levels and percentages
- Has a history of working with CBD companies
- Gets sustainable accounts that won’t shut down
When your CBD payment processor shuts you down, it is critical to act fast and know where to seek help. PayKings will help you get your account recovered the right way. We can offer the high risk payment processing solution your CBD merchant account needs. With your business back up and running, you can get back to what matters most – running your online CBD business.
If you are still in the early stages of building your online CBD store, then you’ve come to the right place. Signing up with the best CBD merchant processing company from day one saves you the time and frustration of getting shut down by payment processing companies like PayPal, Stripe, or Square. When you establish a payment processing solution through PayKings, you avoid any funds being frozen. Your stream of income then remains steady and reliable. If you are looking for CBD merchant processing that can offer you competitive solutions and rates, PayKings is your ideal choice.
How Can PayKings Help With My CBD Merchant Processing?
Aggregate companies such as PayPal, Stripe, or Square can’t get you the CBD merchant processing you need. Often times, these companies lure in CBD merchants with appealing “instant approval” offers. But weeks later, once the underwriting process has taken place and high risk CBD products are discovered, the road comes to an end. Once these companies are made aware that you are selling CBD on Shopify or on another ecommerce site, PayPal, Stripe, or Square, will freeze and shut down your account. These top payment processors often utilize this risk monitoring system by scanning all merchant accounts, evaluating processing history and seeing which qualify. When the business model is deemed high risk after initial approval, which is always the case with CBD merchant accounts, you can expect the account to be closed.
So why go through these hurdles when you can avoid the stress of having your CBD merchant account shut down? Start your business the right way and open a sustainable high risk merchant account from the beginning with PayKings. Click here to get your free quote from PayKings regarding your CBD merchant services today!
How Does Being High Risk Affect Your Chances of Getting a CBD Merchant Account?
Selling CBD online is a high risk business for more reasons than its association to cannabis. There are several other factors that deem CBD a high risk in the payment processing realm. First, an ecommerce CBD sale is an online sale. Meaning, the sale is processed as a “card not present transaction” which is inherently high risk payment processing. Additionally, high risk CBD businesses have very high discount rates and large security reserves (also known as a rolling reserve). A business is usually classified as a high risk merchant if the industry they’re in has a higher risk of fraud and chargebacks. In the case of being a CBD merchant, the high risk label is typically due to the business being a reputational and legal risk for banks and lenders. This is a result of the strictly enforced FDA regulations on CBD in the United States.
Hemp Merchant Account
As a CBD company looking for a hemp merchant account to sell hemp products in an online market, it’s important to understand that credit card processing providers like Stripe and PayPal do not specialize in high risk industries. Therefore, they cannot process payments for the hemp merchant. Unlike those companies, PayKings has many acquiring bank partners that approve CBD accounts. Merchants who offer high risk services or CBD and hemp products must consider a provider that specializes in high risk processing industries. The payment processing provider will help you establish your high risk merchant account.
For businesses that are considered high risk, it is important to align yourself with the right CBD merchant processing providers. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. We offer custom-tailored solutions to merchants in the CBD industry that need a payment gateway for selling their CBD products in an online market. With a CBD payment processor that fits your business, you are able to get set up with legitimate debit and credit card processing. PayKings will expertly pair you with a solution that is willing to accept the liability for the increased risk associated with your high risk business.
PayKings steps in as the reputable and knowledgeable payment processing company for your CBD merchant account. PayKings understands the unique needs of different CBD related businesses and has established 24+ acquiring banking relationships to become the experts in the field. We help you get approved fast for CBD merchant account to accept online payments.
CBD Merchant Account Experts
- 20+ Proven Bank Relationships
- Medium/High Risk Accounts
- Fast CBD Oil Account Approval
- Large Merchant Case Studies
- E-Commerce and Retail Options
- B2B Vendors Supported
Multiple Payment Solutions
- Multiple E-Commerce Gateway
- Chargeback Prevention
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Intuitive Compatibility & Support
- Gateway Recurring Billing
- E-Commerce Cart Plugins
- Developer API / Docs
- International Merchant Accounts
- Dedicated Account Managers