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point of sale cbd

Yes. Shopify partners, such as Shopify experts, apps, and online sales channels, are able to work with you at their own discretion. You should confirm this with the partner directly before using their services to confirm they’re able to support your products.

The Attestation for the Sale of Hemp and Hemp-Derived Products is specific to US-based merchants selling hemp and/or hemp-derived products.

What is the Attestation for the sale of Hemp and Hemp-Derived Products, and why do I need to complete it?

If you’re a US merchant and you want to learn how to set up your Shopify store to sell hemp and hemp-derived products that contain cannabidiol (CBD), then use this page for information about some laws surrounding hemp and hemp-derived products that might apply to your business. Learn more about hemp and hemp-derived products.

Yes. You can use Shopify Shipping to send hemp and/or hemp-derived CBD products to your customers, provided that the applicable carrier allows it. Ensure that you confirm the goods you’re sending are allowed to be shipped under the applicable carrier’s policies, and that the goods are permitted to be shipped to your customer’s jurisdiction.

If I’m selling hemp or hemp-derived products, can I hire a Shopify expert?

Shipping services will have their own policies regarding hemp and/or hemp-derived CBD products, so you should contact the carrier you want to use and confirm that they’re able to deliver your products.

Point of sale cbd

Yet there are challenges to selling cannabis and CBD products: a significant amount of credit card processing companies refuse to transact CBD purchases or charge extremely high fees for processing for these retailers, forcing many of these businesses to accept only cash. However, there is good news for cannabis and CBD retailers. National Retail Solutions (NRS), the leading provider of POS systems and NRS Pay credit card processing for independently owned businesses nationwide, is committed to providing a complete checkout solution for cannabis and CBD retailers. The NRS point of sale (POS) system has already gained traction as a #1 POS for smoke and vape shops, and NRS Pay recently announced that it is offering credit card processing for the cannabinoid retail sector. It’s no secret that customers who pay with a credit card statistically spend more in stores and credit card acceptance is extremely beneficial for any retail business.

My business would prosper greatly if I was allowed to accept credit card payments. Are there any point of sale (POS) and credit card processing companies that service CBD retailers?

Choosing a POS and credit card processing company entails much more than simply going with the least expensive options. The NRS Pay POS offers robust hardware and custom-tailored, powerful software tools to help organize your business, attract customers and make more money. With seamlessly integrated NRS pay credit card processing, the NRS Pay POS captures all the needs of a busy cannabis and CBD retailer. Sales, inventory tracking and user management, remote access via web and app, a free, built-in loyalty program and more; The POS offers a suite of user-friendly, proprietary interface Premium Features to help businesses boost revenue significantly and save money. Some of NRS POS’ optional features include Tobacco Scan Data, Government ID Scanning, DVR Camera Surveillance Integration, Digital Employee Time Clock, Customer Tabs for extending credit to customers or applying gift rewards, eCommerce with your own ordering web site; and so much more! See nrsplus.com/premiumfeatures

Tracking inventory is a tough part of my job. What advantages does the NRS Pay POS offer regarding ordering and reordering products?

Yes, you are in luck! National Retail Solutions (NRS) happily serves CBD credit card transactions through its credit card processing system which integrates seamlessly with the NRS Pay POS or can be used as a standalone. The NRS Pay POS and NRS Pay credit card processing are extremely popular with tobacco and smoke/vape shops nationwide. You don’t have to have the NRS Pay POS to benefit from NRS Pay – but using them together offers a one stop shop for your checkout counter, with one number to call for customer support when you need help.

Point of sale cbd

Square has been offering CBD processing services since 2019. Transaction processing rates are notably higher than the company’s low-risk rates, but the lack of account fees makes it a great alternative to getting a traditional high-risk merchant account. Although it’s still listed as an “early access” program on the Square website, you no longer need an invitation to sign up.

Before you can use a payment gateway to sell CBD products, however, you’ll have to have an account with a payment service provider (PSP) or merchant account provider that has approved this activity. Many fledgling CBD businesses have ground to a halt because the merchant didn’t realize that their provider expressly prohibited CBD sales until it was too late. Getting your account shut down can make it more difficult to find a new provider that will approve you, so it’s critically important that you sign up with a company that explicitly supports CBD sales and be completely honest about the nature of your products during the onboarding process. Here’s a summary of the policies regarding CBD sales of some of the most well-known payment processors:

Looking For One Of These CBD Merchant Processors?

Like many products in the nutraceutical category, the purported beneficial effects of CBD oils have not been approved or validated by the Food & Drug Administration (FDA). With little or no peer-reviewed research currently available to evaluate the benefits of CBD use, the flood gates have been opened for businesses to tout CBD as a potential cure for… well, just about anything. Initially offered as a way to help you relax and alleviate stress, CBD is now claimed (by some people, at least) to cure depression, anxiety, and even autism.

The 2018 Farm Bill was supposed to change all of that. Under this law, hemp-based products (defined as containing less than 0.3% THC) were removed from the Schedule I list of controlled substances. However, you must be a licensed grower and comply with all applicable federal and state laws to produce and sell your product legally. With so many variations in state laws, it’s well beyond the scope of this article to attempt to cover them all. We recommend that you look into your state’s laws and consult with an attorney or qualified consultant to determine the specific requirements that apply to your business.

Shopify CBD Policy

As CBD products become more mainstream, the number of merchant services providers offering CBD processing is steadily increasing. Unfortunately, many of these providers either don’t have much of a public track record, or we simply haven’t yet subjected them to a full review. In either case, while they might be a great choice for your business, we can’t include them in a “best of” list at this time. The following providers are worth looking into if you’re struggling to get approved for an account: