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cbd merchant account approvals

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If you as a merchant for CBD products do not have a high-risk merchant account, funds in your CBD merchant account can be frozen or shut down completely, you can even be put on the Match or TMF. Before you set up the CBD or Hemp business, here are a few steps you can take to get a high risk, genuine CBD merchant account up and running:

The laws concerning the consumption and sale of cannabis and related products such as CBD and hemp oils in several states in the US are undergoing a drastic change. Despite the legalization, many merchant account providers are reluctant to place an approval for these High-Risk Merchants of CBD, as they fear there would be another change perhaps soon.

CBD Merchant Account: CBD abbreviated as Cannabidiol, is a chemical compound from the Cannabis plant. It’s a naturally occurring substance that’s used in products like oils and edibles to impart a feeling of relaxation and calmness. Unlike its cousin tetrahydrocannabinol (THC), which gives a person high when consumed. That is the reason CBD business is considered as a high-risk business and if the account gets approved, the merchant would be given a high-risk payment gateway. However, CBD is not psychoactive.

Steps For A Merchant Account:

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The CBD falls into the grey area depending upon its cultivation and extraction. Possession laws for cannabis vary from state to state, and natural marijuana derivative cannabidiol, or CBD, faces more concentrated regulations due to its more medicinal focused uses.

The CBD industry is regulated still, it is expected to be a market of $2.1 billion in the year 2020.

Certain Steps To Set Up A CBD Or Hemp Merchant Account:

Laws and regulations around the production, sale, and consumption of CBD in the US vary by state to state, but on a local level, CBD is classified as a Schedule I drug under the Controlled Substances Act. The classification means federal law enforcement agencies can shut down CBD production and businesses against consumers because of a sudden decision. For this reason, the CBD and hemp oil industries are considered high-risk by acquiring banks that supply businesses with debit and credit payment processing services.

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Cbd merchant account approvals

CBD oil was once considered a high risk by all processors & banks. Some banks still consider the industry high risk. However, other banks are opening their doors to the industry and no longer consider CBD merchants high risk.

Proven, reliable payment processing services for CBD and hemp oil businesses. Great for all CBD merchants including ecommerce, wholesale, distributors, manufacturers and retail locations.

CBD merchants of all sizes are welcome to apply. Whether you are a startup CBD merchant, a mid-sized business or a publicly traded company processing millions per month, contact us today. Take advantage of our quick approvals, transparent rates, and superior service from a support team dedicated to your success.

Accept Card Payments Quickly & Easily. Safe, Secure Processing with US Banks.

Our US banking partners don’t consider CBD high risk accounts. As a result, you get the most favorable merchant accounts available for CBD payment processing.

Increasing demand for CBD products by US consumers combined with changes at the federal level means CBD payment processing is going mainstream. CBD merchant accounts are becoming easier than ever to obtain as the product is gaining traction in the marketplace.

Accepting card payments through a full-featured CBD merchant accounts boosts your sales. And lets you realize the income potential that CBD payment processing gives you. Now CBD merchants enjoy the same benefits from accepting card payments as any other businesses.

CBD Merchant Accounts

The competitive marketplace means that rates for CBD merchants are coming down. In fact, our policy is to beat any competitive rate you receive. Simply send us the details and we’ll lower your rate.

Get fast account approval. With quick settlement of processing funds. And rates 50% lower than most other companies offer.