Are you searching for a "CBD friendly" Merchant Account with Lower Rates?
If so, you're not alone. CBD oil and other hemp-related products are heavily regulated by our Government and most acquiring Banks
(due to the higher risk involved) have CBD products on their "prohibited merchant list".
Whether your company is a new start-up (processing less than $10,000/month) or a well-established business (processing up to $1,000,000+/month),
we have a great solution to suit your needs! Our banks are boarding CBD merchants operating in a face-to-face retail environment as well as merchants
operating from a secure ecommerce website.
CBD Products fall into a high risk category due to heavy Government regulation. Therefore, the bank's underwriting and approval process is based on a broad
range of criteria, such as: how long in business, previous processing history, financial stability and creditworthiness of the company's owners and
scrutiny of the actual products being sold.
Regulations require CBD products to contain no more than 0.3% of the active ingredient, THC. Certified laboratory test results are
required for all hemp-related products sold.
We welcome merchants selling hemp-derived CBD products containing less than 0.3 percent THC to apply for a CBD merchant account that won’t cut into their
bottom line. We cannot provide a credit card processing account for the purchase, payment, sale, exchange, delivery or refund of any products
containing marijuana based cannabidiol, cannabinoid, tetrahydrocannabinol (THC) in excess of 0.3 percent by dry weight or properly included under the
Drug Enforcement Agency Drug Code 7350 or 7360.