For online CBD suppliers, finding a payment processor amenable to cannabis commerce has been an uphill battle. Bank statements will likely be requested (again, prepare at least three to six months’ worth). A CBD merchant has still one more hurdle. Georginix is a big company that responds fast and gives valuable advice, but requires a compatible website and pre-approved CBD merchant processor. When you apply for a CBD merchant account from PaymentCloud, you’ll get approved. 2. Charlotte's Web is a huge company with strong brand recognition. HighRiskPay. 3. 4. There were many issues with. A Thorough Merchant Account Approval Process. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. What Is An Approved CBD Merchant Processor? Transform your business with a specialized CBD merchant account – allowing you to accept credit card payments and get express authorization from the service provider for selling hemp-derived goods. We would like to show you a description here but the site won’t allow us. 2795 Openly Accepting Hemp and CBD Industry Merchants with Domestic and International Solutions Available to Fit Your Needs Learn More Get Approved with Low. Lightfire Merchant Services is a Premium Merchant Services Provider specializing in servicing those within the E-Cigarette/Vape/CBD industry. On top of merchant cash advances, we offer a variety of cannabis payment processing solutions to businesses in the marijuana industry, including: Contact Paybotic at 844. CBD Payment Solutions offers industry leading credit card processing, ACH, payment solutions for CBD. Shopify’s payment processor doesn’t support CBD stores. The CBD processor HighRiskPay. Fees. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. Remember that Stripe’s instant approval doesn’t mean your current payment processing account will last. When you’re searching for the right CBD payment processor you may find that many high-risk merchant accounts come with high fees, and it can be helpful to shop around for a CBD payment processor with lower fees than other companies. Let Us Solve Your CBD Payment Processing Issues. Here are two solutions available to merchants today on Big Commerce through. L. Applications take an average of 15 days for approval. Durango Merchant Services: Best For Offshore Merchants. Merchants using Shopify Plus can contact the Merchant Success team for guidance and dedicated support in completing the steps required to sell hemp or hemp-derived CBD products on Shopify. Whether you sell vapes, supplements, or anything in between, Shift4 is the perfect payment solution for businesses in high-risk industries. Start accepting credit card payments. The Importance of a Thorough Merchant Account Approval Process. The loan amount can be as high as $250,000 and as low as $300. Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of. August. 24/7/365 knowledgeable customer support. In order to accept credit card payments for CBD, you must open a merchant account. Get Approved & Start Processing with Peace of Mind. PayWize is a relatively new company, but it has quickly established itself as one of the CBD merchant payment processors of choice. Once you receive approval for a CBD merchant account, your payment processor will send you any POS hardware and integrate it with all your existing software to get you up and running. iPhone and iPad are registered. However, constraints usually come from the. Users also rave about eMerchant Broker’s onboarding experts and 24/7 customer support staff. Sell hemp products with a high risk merchant account. Its free virtual terminal allows business owners to track CBD sales easily. However, constraints usually come from the payment processors. 4. Moayyer indicated she had contacted 13 merchant service providers in the day preceding the interview and one – Square – said they do serve CBD businesses but the program is an invite-only beta. We expect this to continue until the banking and financial industries are able to adjust and catch up to the new laws around CBD products. Our team is dedicatedto getting you approved. The BC Liquor Distribution Branch (LDB), under the brand BC Cannabis Stores, only sells non-medical cannabis produced by licensed producers approved by Health Canada. Rates begin at 2. Kevin, What are the 2 processors that you are referring to in your comments? I need to find someone quickly - we added CBD to our medical equipment lineup and now I'm told that I have to remove them or find a new processor. Pinpoint Payments values your business and helps protect it: Industry-leading fraud prevention Real-time chargeback management “High-risk” merchant accounts . To process credit cards online, you’ll need a solution that allows your Shopify CBD business the ability to operate. 5%-6 months, 3%-12 months, 8%-24 months: Virgin Mega store:Moreover, they’re more qualified to handle your businesses than a Stripe CBD payment gateway. Get the best high risk merchant account for your industry. Below are the rates: Online Purchase: 4. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin processing payments as. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. This being the case, it’s wise to choose a merchant account provider that has extensive. If the sponsor bank has a low-risk tolerance, chances are the payment processor won’t. This marks a significant step towards financially managing your CBD business. 27702 Crown Valley Pkwy Suite D4-120, Ladera Ranch California 92694, USA. Setting up your website right will give you a big advantage in being approved for merchant processing through your e-commerce website. We saw this as an opportunity to make our tools available to sellers in the CBD space so they can start, run, and grow their business on Square. Right now the program is under construction and will be launching in late 2023. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. Fast Approval. lawmakers, Facebook has decided to remove. 3-5 business day approval process after your approved paperwork is complete and submitted. To get a merchant account, one must submit an application with a merchant account provider. 840. Even CBD, which was descheduled under the 2018 Farm Bill, has had its difficulty securing merchant. “BigCommerce Goes Green“. Vape, Glass, CBD and Kratom Approved. This is when you need to dedicate your time to researching high-risk payment processors with experience in the field, high-quality customer service , low rates, and fraud protection . As a result, many banks, payment gateways, and payment processing companies categorize CBD sales as high-risk transactions and don’t support them. 4 Best for Ingestible CBD Products: Easy Pay Direct. Corepay offers the following for CBD merchants: Fast CBD account approvals with 24-72 hours. CBD merchant processing has been a revolving door of bank solutions that first say. As a result, you get the most favorable merchant accounts available for CBD payment processing. To be issued a merchant account, you must show three to six calendar months of processing history. Those that have had greater stability typically come with higher costs and monthly. Created for CBD e-commerce and retail merchants. Card-not-present transactions. PaymentCloud offers third-party gateway capabilities, integrations with retail terminals and online shopping carts, and staying up-to-date on changing legislation. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. Limelight is regarded as one of the best tools for CBD transactions. Shift4 is already integrated into Shift4Shop, so you can get up and running right away. Created for CBD e-commerce and retail merchants. There are also laws in which these products cannot contain more than . Application – Apply to receive a payment processing account. (Even low-risk businesses can wait up to 1-2 business days for approval. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD vape merchant account approval process started. We are high-risk experts with over a decade of experience providing successful solutions. merchants to obtain an international processing account to accept credit cards. Be denied services completely. Search. 4. - #1 Kratom Merchant Processor Since 2009 - Kratom Merchant Accounts. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. After spending months looking at options that were not even as good as what we got with CBD Card Processing, we were approved for a domestic card processor within 1. Due to the inherently higher risk associated with CBD products, CBD merchant accounts inevitably come with higher prices and more restrictive policies than low-risk accounts. Summary: Although CBD was completely legalized in 2018 with the U. based companies shouldn’t be treated like offshore merchants. If you continue to. Easy Pay Direct: Best for Scaling High-Risk Businesses. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. Here are. net as a bridge to connect them to your Miva store: First Data. Limelight is a perfect choice for predicting your promising earnings and plug into your fulfillment houses. High Risk Pay – High Risk Merchant Account. S. The first step to applying for a high-risk merchant account approval for CBD oil online payment processing is to find a credible account provider. What’s Required to Get a CBD Merchant Account. 5% + 15 cents when you manually key in a transaction. . Shopify allows payment processing directly through their platform for various industries, but for CBD, merchants must look elsewhere. 4. Accept Payments. com. net, while not directly accepting CBD merchant accounts, will offer their services as a gateway on your Miva site. Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. Whether you are a startup CBD merchant, a mid-sized business or a publicly. Today, most merchants with CBD stores can use their credit card machines for various transactions, including card-not-present. This requires that CBD businesses set up a CBD merchant account specifically for the. With its free virtual terminal that enables businesses to track CBD sales easily, PaymentCloud has one of the highest approval ratings of all CBD merchant processing solutions. About Us; Services. Therefore, alternative payment processors such as. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. We only focus on the CBD and hemp industry and stay informed of the latest regulations and developments within the market to assure that our large. SMS messages aren't supported. Why Exactly are the Payment Services Refusing to Accept CBD Transactions? The CBD industry accounted for $2 billion in 2018 1. Your business needs a powerful and secure high risk payment gateway, chargeback prevention, dynamic currency conversion, and a suite of fraud prevention tools. There aren’t very many CBD limitations on BigCommerce’s platform. Accepts domestic & international cannabis merchants. For DigiPay, you must provide test results from an independent lab that demonstrate your CBD products don’t contain more than the 0. It can. 6%-10% processing rates due to domestic US banks relying on offshore banks behind the scenes because CBD is “high-risk”. An ISO is basically a third-party payment processing company authorized to handle the daily activities of. But proponents claim it can have significant health benefits. Fees. So, whether you specialize in CBD oils, gummies, lotions, or any other product, we will help you scale your business. 96. Georginix charges a $625 fee to join their program and requires a pre-approved CBD merchant processor. Instabill. They rely on a network of third-party processors and banks in both the United States and abroad. [2] CMS-Connected. Looking for high risk CBD merchant services? Contact High Risk Payments today to learn more about our tailored solutions for CBD merchants. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. As of the writing of this post, PaymentCloud is currently approving hemp merchant accounts, kratom merchant accounts, and CBD merchant accounts for credit card. Durango Merchant Services: Best For Offshore Merchants. The best CBD payment processor helps you get approved fast for your CBD merchant account. I am not going to remove them, so looking for a good, fair, processor t. In 2019, Shopify began supporting the sale of hemp and hemp-derived cannabidiol products. Banks underwrite and. Call us today! We use cookies to ensure that we give you the best experience on our website. ACH/Check 21 processing. big news is Square’s CBD program expanding to accept more merchants. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. CBD Merchant Account Approval. 25 per transaction. ACH Payment Processing; Chargeback Prevention Tips;. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. to support Hemp CBD Payment Processing. 101—10231. As a trusted CBD payment processor, we get merchant accounts for cbd and hemp products approved quickly. Welcome to the B. This is great until you start processing and they realize what you are selling. DigiPay is fully integrated with. AllayPay will get your CBD merchant account approved quickly. Begin accepting credit and debit cards for CBD products today by filling out EMB’s simple online application. Then connect your store to your CBD dropshipping supplier’s system and boom. 7. GET STARTED. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. Companies must also. net account. Voided check or bank letter. Elimination of unnecessary hours you and your team spend on invoicing, billing, and payments, so you can focus on what matters the most – growing. 1. Subscription-based companies that. Provide us with your info to get started and a payments expert will contact you. 420. Complete Check Processing. It is flexible and can scale with your business. This is a major concern for CBD merchants when processing credit card transactions for CBD purchases. We also provide alternatives for CBD merchants looking for a merchant account! 1-800-988-2215. Choose the right system to meet your needs. A merchant account is a kind of non-banking account, which allows merchants to accept payments via many different methods, usually credit or debit cards. Adhering to these standards is challenging with a cash-only or self-managed payment processing strategy. CBD merchants who sell hemp-derived CBD products at less than 0. CBD Merchant Account Approval Process. 0That’s why our paths crossing and you choosing the best in CBD merchant processing is so valuable. Application – Apply to receive a payment processing account. Low Rates & Fast Approvals. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. CBD products are not yet approved by the FDA and they are regulated by both federal and state laws. Offers debit & cryptocurrency payments. Unlike other types of merchant accounts, CBD merchants must undergo heightened due diligence. CBD merchants who sell CBD and hemp products need a CBD merchant account. As a merchant bank for CBD and other high risk businesses, here at Shift Processing, we are very transparent about our fees and hemp no termination fees should you choose to end your resource with us. In addition, many marketing platforms prohibit you from. As a result of these factors, CBD merchants must use a specialized high-risk merchant account with their Authorize. As of 2021, eligible small-business owners using Square can get. The only FDA-approved drug that includes CBD is Epidiolex. Stripe's review upon account activation ultimately determines whether a business is supportable. Our commitment to beating competitor rates, dedicated customer service, and thorough rate review. Most tier-one banks and payment processors will consider CBD a high-risk industry, which can make it difficult to obtain a merchant account to sell CBD online, especially if you sell directly from your own site. Payment Gateway Processor: When To Use One For Your Business. Benefits of a Kava Merchant Account Services. Finding a merchant account for CBD payment processing may take some effort, but it is possible to find a provider that can meet the unique needs of a CBD business. eMerchant Broker: Best for High Approval Rate. When you accept credit cards at the point of site, it should be the last time you think about that transaction. Card on file transactions. 95% + $0. 1. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. Georginix charges $625 to join their program. 75% rate comparable to a low-risk merchant account. CBD businesses can get approved in as fast as one day. Or, call us at 877. debt related services, CBD, kratom, cannabis, health supplements, or businesses that have an elevated risk of. Now CBD is categorized as a high risk company regardless of what kind of CBD products you bring in your online store. Here are the types of businesses that can benefit from a high-risk merchant account. However, these fees are dependent on the risk level of your business. k. HEMP. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. 2. With Shift4Shop, there's no need to search for a high-risk payment processor. Also, EMB’s payment gateway is now fully integrated with Shopify to support CBD payment processing. It’s not a stretch to say a lack of CBD payment acceptance capabilities leaves many businesses dead in the water. Our processing techniques and account features exist to ensure that merchants selling delta-8 THC and other cannabis products face minimal risks when it comes to processing credit or debit card payments. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. (Written on 9/18/19)Q: Are Pennsylvania’s hemp processors now allowed to sell their processed CBD products to the Medical Marijuana grower/processors? A: No. Merchant accounts are generally established under an agreement between a merchant and an accepting merchant getting bank for the settlement of credit or debit card transactions on their. Echeck Processing is available for next day setup!. 6. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant. But proponents claim it can have significant health benefits. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. We offer the industry's first transparent and compliant cannabis payment processing merchant account. Disable your customer’s SMS notifications. Many people think that faster is better, but that's not. Lower prices. M. The best rates for CBD credit card processing in the USA and Canada. 3 percent THC level or less. Currently, PaymentCloud is our top recommendation for talking card payments as a hemp business. CBD Merchant Account; Continuity Subscription Merchant Account;. Merchant service providers that are willing to take on CBD accounts can be hard to find. After the account issuer approves your account, you can begin accepting payments. Accepts start-up businesses. Online sales began surging as soon as payment processors began approving card-not-present transactions. In an industry that's still fighting for widespread legalization, not everything is easy to acquire. 3 percent THC. How to receive payments for CBD products. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. Before 2018, it was commonplace for U. 30; In-Person: 3. The analysts estimated that the revenue of the market is projected to reach $16 billion by the year 2025. Apply to receive a payment processing account. Even though hemp, and by extension CBD oil, has been. Square CBD Merchant Services. High-risk payment processors can make it much easier to obtain a CBD merchant account. Most Payment Service providers are simply 'sales organizations', who ultimately. Pretty standard application process, but they can get you up and running pretty quickly. To get a Shopify CBD account, you’ll have to go through three different processes. CBD sellers cannot process electronic payments without a merchant account. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. Durango Merchant Services: Best for highest-risk businesses. Table of Contents About cbd merchant processing shopify CBD Friendly Payment Processors (High Risk Payment Processing providers). For many CBD business owners, this is a welcome development. There are things to do to avoid your CBD Merchant Account being shut down by the credit card processor and the banks. Even so, these. [2] CMS-Connected. Securing CBD oil merchant processing can be very difficult. These guys got me approved within a week! Great experience and I will definitely work with them again in the future. Square: Best For New Startups. Research necessary regulations. All payments processed while participating in the CBD Program, including non-CBD items, will have the following costs: Payment Method. A Thorough Merchant Account Approval Process. Get your Shopify CBD online store off the ground with a CBD Merchant account and. Merchants with businesses that require high risk credit card. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. The two companies ahead of Shopify are Woocommerce and Squarespace. Update Nov 2019: I’ve spoken to the guys at GroovePay and they have an application process for CBD vendors. The winds, though, are shifting and some payment processors are paving the way toward a more harmonious future for cannabis. 10/transaction. Reading Time: 3 minutes CBD merchants know the struggles of starting an online business, especially when it comes time to find payment processing. Essentially, a CBD merchant account provides businesses with the ability to accept debit and credit card payments from customers. Keep in mind that Shopify has only opened this up for US-based. Lack Of FDA Approval. 3. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. According to research in 2021, almost 57% of total payments were made by credit or debit card, making it necessary for every business to enable card payments. Recognize that obtaining approval for CBD processing might entail a longer timeline compared to non-CBD sales. Just make sure to follow FDA regulations to ensure your CBD business is approved for a merchant account to sell. This is the same kind of merchant account that a high-risk merchant uses, except that it has been approved to sell products derived from CBD and hemp. In 2020, the number of shoppers that shopped through Shopify increased by 52% from 2019. In addition to higher processing rates, CBD merchants may all see increased chargeback fees, PCI compliance fees, early termination fees, and even merchant account reserve withholdings. The approval timeline for a CBD merchant account may vary depending on the processing company and the amount of information provided during the application process. With many ways to accept payments and create websites, it can become confusing for merchants to know the best practices. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. Lastly, opt for payment processors that align with your goals for a smoother journey. In-person/Store Purchase: 3. Working with a company that specializes in working with high-risk merchants - which CBD businesses are. We do everything we can to make the application process simple, easy, and painless. FREE Account Set-Up. ECS’s services and solutions include: Credit card processing. Stellar Financial Track Record. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, and merchant cash advance. Discover how to reap the benefits and access the key component for processing CBD payments. Many payment processing companies will give you instant approval without formally underwriting your business. Let’s Talk About the CBD Industry. 4. (516) 217-1989We’ve simplified CBD merchant accounts & payment processing. Farm Bill, its association with the cannabis industry at large causes it to be seen as high risk in the eyes of conventional payment processors. CBD Merchant Service was established to provide real payment processing solutions for real businesses involved in selling CBD and hemp products. However, the general steps are similar; Identify the right payment processor. High-Risk Payments with Shift4. With Limelight, it enables users to increase the approval rate of credit cards and track their orders as well as control returns. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started. The term “CBD merchant account” refers to a merchant account that allows you to accept credit card payments and that your service provider has approved for usage in selling items derived from CBD. You must have a pre-approved CBD merchant processor to partner with this CBD dropshipping supplier You must place and pay for your first order when joining To join the Joy Organics Partners Fulfillment Program, they charge your credit card $625. com is a company that provides its services to CBD. Steps for Setting up a POS System for CBD Merchants. Purchasing CBD online or in-person for that matter is generally considered an even higher risk proposition even. Bank statements will likely be requested (again, prepare at least three to six months’ worth). Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. With fewer requirements and fewer steps, we approval CBD merchant account as quick as. Banks underwrite and subcategorize CBD. However, if you prefer to explore your options with Square, there is more to consider. These funds are available in regular merchant accounts within two business days, but high-risk merchant accounts may have longer wait times. In late 2018, the U. Merchants can begin processing in less than 1. Our solutions integrate with mainstream processing plugins and allow for load balancing so you can have more than one merchant account. 3-5 business day approval process after your approved paperwork is complete and submitted. A merchant account is essential for CBD businesses because it allows you to accept credit and debit cards, as well as ACH payments. Our payment processing services offer fraud protection to secure your account and your cardholder’s data. How to apply for a CBD Merchant Account. 3% total Δ9-Tetrahydrocannabinol concentration. Charlotte's Web products may help with marketing and increasing sales. If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts. You’ll be thoroughly vetted prior to approval, though, which can take some time. 25% - 6. However, acquiring banks and other financial institutions classify CBD products as high risk. Georginix is a big supplier with fast response times and valuable advice, but website compatibility with Shipstation and pre-approved CBD merchant processor are required. The online hub first approved CBD sales in 2019, and has since become a popular outlet for many CBD stores. Here are few important qualities when looking for a top CBD payment processor: Allows you to sell various types of CBD items A CBD merchant account allows for the uninterrupted acceptance of non-cash payments for the sales of CBD OIL and Cannabis related products. It boasts a 99% payment processing approval rating for its merchant clients. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. Accelerate the growth and opportunity in your business. This high-risk processor and this high-risk processor accept numerous industries that cannot get approved with traditional merchant account providers. Credit card payment processing companies facilitate high-risk merchant accounts with their special bank privileges to process digital transactions for industries, merchants, and products that. S. This includes processing for hemp wholesale, distributors, sellers of hemp-derived products, or other. Any high-risk merchant that chooses a traditional payment processor is bound to hit a snag at some point. While it’s less common than Delta-9 THC, the psychoactive ingredient that most cannabis users know best, more and more is being learned about this cannabis ingredient. As an online CBD merchant, it can be challenging to find a bank that is willing to accept your business. Whether it is an oil, gummy, lotion, or even suppository, cannabidiol, also known as CBD, has quickly become one of the most popular health and wellness products on the market. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin. 1. FINALLY, we have the first 100% above board, legal CBD merchant accounts in the US & Canada. § § 10231. CBD payment processors are merchant service providers that allow businesses to accept credit and debit card payments for CBD products. Once you apply for and receive approval for a CBD oil merchant account, you will then be able to fully utilize the payment processing portal. FinTechMerchantAccounts can provide you with both international and domestic CBD merchant account choices to fit your requirements. See morePaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. We offer lower prices than the competition and 20 years of expertise. Finding a high-risk merchant service provider is a rewarding feeling but it is only the initial step in securing approval. These startup businesses, companies selling vaporizers, CBD products, and software to marijuana users or marijuana companies, were kicked off payment processors and other mainstream business. com. Another mind-blowing statistic is that over 26,400 partners referred a merchant to Shopify in one year. Seamlessly integrate with over 70+ online shopping carts. Note Code 06 is currently unused but is reserved for future use. Some processors even provide their customers with debit card and credit card acceptance, security solutions, PCI compliance assistance , and value-added services. CBD merchants of all sizes are welcome to apply. Our average approval time is less than 48 business hours!Rating: Excellent. Here their processing company will collect important information. Dedicated account managers. Shift Processing can get approval for our high risk merchant accounts in as little as 48 - 72 hours. In need of a merchant credit card processor for my online ecommerce store where we sell Full Spectrum Hemp Extracted Cannabinoids: (CBD, CBG, CBDA). It is important to note that third-party credit card processors will only work with those who sell CBD oil that is low-THC, made from industrial hemp as CBD oil from marijuana is considered a controlled substance. Trust us, that’s fast for a high risk credit card processor. To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. your rates are not going to be low for credit card processing like visa, amex, discover, amex. A CBD merchant account and payment processor. Signed merchant application. Tap, dip, or swipe transactions. Once you receive approval for a CBD merchant account, your payment processor will send.