CBD Merchant Accounts

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CBD Merchant Accounts

A CBD merchant account is simply a merchant account that allows you to accept credit card payments, but has been approved by your provider for selling CBD-derived products. Due to the inherently higher risk associated with CBD products, CBD merchant accounts almost always come with higher prices and more restrictive policies than low-risk accounts.

NEXTPAY understands the unique needs of different CBD related businesses and has established 50+ acquiring banking relationships to become the experts in the field.

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Why is CBD defined as high risk ?

Acquiring banks categorize CBD oil as a high risk industry since it is extracted from the hemp plant, even though it contains barely traceable amounts of THC, pain-killing component of marijuana.

Because the possession, sale and use of marijuana remains illegal by U.S. federal law, Europe and Asia some acquiring banks are cautious of offering payment processing solutions for such, despite the many health benefits of CBD.

Are you looking CBD merchant processing ?

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 oil 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 oil 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.

Why NextPay ?

NEXTPAY understands the unique needs of different CBD related businesses and has established 50+ acquiring banking relationships to become the experts in the field. NEXTPAY  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, PNEXTPAY makes it easy to obtain a CBD oil merchant account in as little as 48 hours

  • 24/7 Support with Live Chat
  • High -Risk Payment Processing
  • No min/max amount for deposit
  • No restriction limit for withdrawal

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how can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

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Donald Simpson
Chairman, Bluewater Corp
Looking for a CBD merchant processing ?