A CBD merchant account is a merchant account that has been specifically approved fro use in processing payments relating to the sale of CBD products. 85% and . 9. Last September, Shopify made the announcement that all US-based merchants utilizing their platform will be allowed to sell hemp-derived CBD and CBD-type of products only where it’s permitted by state and local law. to ensure. 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. Corepay offers the following for CBD merchants: Fast CBD account approvals with 24-72 hours. The best CBD payment processor helps you get approved fast for your CBD merchant account. PaymentCloud is also one of the top rated merchant services providers in the credit card processing. Quick Recap: The 4 best CBD merchant service Providers. Merchant Services for ALL business sizes and types. Research necessary regulations. Created for CBD e-commerce and retail merchants. To swiftly move the process along, businesses need to make the following documents available to processors and underwriters: A valid, government-issued ID, such as a driver’s license. Get Started Today. Shopify. Authorize. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. If you can keep your chargebacks below 3%, we will set up. Until CBD is fully legal and receives stringent quality control, retailers will continue to be considered high-risk. Shopify CBD Payment Processor. A high risk merchant account cbd is essential so that the account holder receives the payment processing services necessary for accepting credit and debit card transactions. However, you’ll run a lower risk of account freezes and holds. These guys got me approved within a week! Great experience and I will definitely work with them again in the future. Our team is dedicatedto getting you approved. When you accept credit cards at the point of site, it should be the last time you think about that transaction. Pinpoint Payments values your business and helps protect it: Industry-leading fraud prevention Real-time chargeback management “High-risk” merchant accounts . it would be challenging to continue processing CBD-related transactions without the company’s knowledge. 5%-3 months, 2. The only FDA-approved drug that includes CBD is Epidiolex. Sign in HomeCBD payment processing offers a way for merchants (aka business owners) like yourself to accept credit cards and other forms of payment. Before we get started, let’s take a look at some frequently asked questions. List of suppliers for CBD products. Depending on the business’ industry, the history of the business or its owner, these can affect a merchant requires a high-risk merchant account in order to operate. 3% CBD Approval Rate. 1. We are high-risk experts with over a decade of experience providing successful solutions. Why Exactly are the Payment Services Refusing to Accept CBD Transactions? The CBD industry accounted for $2 billion in 2018 1. If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts. If you’re looking to sell CBD online, it can be tricky to know where to start. These are NOT the cannabis plants grown for marijuana and hashish. First and foremost, you need a processor that securely handles high-risk merchant transactions. (Even low-risk businesses can wait up to 1-2 business days for approval. Assuming that you meet all the requirements, your CBD merchant application will be approved. Partnering with AllayPay ensures: Ongoing full-service support responds to all your questions and any processing concerns. Low Rates. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. Take payments online, in-person, swipe, dip, emv. Instant approvals might seem enticing, but they can lead to unforeseen complications. So we take enormous pride in the fact we’ve served as. Be charged higher pricing for credit card processing. #1 PaymentCloud Top Pick for Hemp Merchant Accounts. Limelight is a perfect choice for predicting your promising earnings and plug into your fulfillment houses. What to look for in a CBD payment processor. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. We don’t discriminate. Payment processing, and in particular credit and debit card processing, can be challenging for CBD, headshop, and dispensary business owners. Never miss a sale with powerful new ways to accept credit cards, anytime, anywhere in the U. I'll also give a positive shout out to Emerchant Broker (EMB) for doing an awesome job of helping CBD sellers. EMB takes pride in getting 99% of our applications approved for our all-inclusive payment processing and funding solutions. 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. Trustpilot. For example, you must have an e-commerce website, an. It boasts a 99% payment processing approval rating for its merchant clients. The winds, though, are shifting and some payment processors are paving the way toward a more harmonious future for cannabis. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. At Corepay, we specialize in high-risk processing, with. CBD Payment Solutions offers industry leading credit card processing, ACH, payment solutions for CBD. Online the rate is 2. CONTACT INFO (800) 956-1277. Here are brief overviews of the seven best merchant account providers in the industry that accept CBD merchants: PaymentCloud: Best For Dedicated Account Manager For Customer Support. 1. Jake W CBD Minimal. Bank statements will likely be requested (again, prepare at least three to six months’ worth). 2% and $. Those that have had greater stability typically come with higher costs and monthly. So, whether you specialize in CBD oils, gummies, lotions, or any other product, we will help you scale your business. 1. Until now. Merchants with recurring annual or monthly fees. Remember that credit card. To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. They need to submit more information about their products. (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. This means that CBD merchant accounts are exposed to a larger-than-usual degree of chargebacks and fraud, which will naturally unsettle a large, risk-adverse institution like US Bank. HISTORY OF CBD MERCHANT PROCESSING. Read on for everything you need to know about high-risk processing. Corepay: Best For Mail Order/Telephone Order Businesses. L. To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. Total set-up time is 15 days. Moreover, they share all of the details and legal regulations around payment processing in. As a trusted CBD payment processor, we get merchant accounts for cbd and hemp products approved quickly. They rely on a network of third-party processors and banks in both the United States and abroad. Companies must also. We provide your business with a way of managing and caring out large transactions. a. Elavon was responsible for a rumored 90% of online CBD merchant payment processing in the United States. This entails filling out the general form, then adding details in a more thorough merchant application. This means merchants in the field can’t secure payment processing for CBD businesses easily. Dedicated Support. Keep in mind that Shopify has only opened this up. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Complete Check Processing. 95% FLAT. 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. 7. Accelerate the growth and opportunity in your business. With over a dozen high-risk acquiring banks at our fingertips – we are in a prime position to get CBD and hemp. Whether a brick-and-mortar storefront or e-commerce establishment, we offer custom and scalable CBD and hemp payment. 79%. American Express may require separate approval. Here are the general requirements that we will be looking for. 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. PaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. The key lies in finding the right partner for CBD credit card processing. Offering secure payments at your dispensary is essential. Option 1: CBD Domestic Program (Take payments in 3-7 Business Day) Payment solutions for all CBD payment types: In-Person, Online, & Mobile. CBD Merchant Credit Card Processors. Charlotte's Web provides a dropshipping program with a wide range of products,. Seamlessly integrate with over 70+ online shopping carts. You can fill out an online form detailing information about your business and CBD products. Instabill. Applications take an average of 15 days for approval. In an industry that's still fighting for widespread legalization, not everything is easy to acquire. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. Securing CBD oil merchant processing can be very difficult. However, due to the risks and regulations associated with the CBD industry, entrepreneurs will find that doing so for this particular business presents a new set of challenges. As a result, many banks, payment gateways, and payment processing companies categorize CBD sales as high-risk transactions and don’t support them. Products Approved: Hemp-Derived Flower, CBD Oils & Tinctures (Human), CBD Oils & Tinctures (Pets), CBD Topical. 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. Launching a new CBD WooCommerce website on WordPress is exciting, especially when you have a real passion for the products you sell and the customers you serve. A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. As such, Square’s CBD processing fees are higher than Square’s standard processing fees. 24/7/365 knowledgeable customer support. Prior to applying for merchant accounts, you should ensure they have several months of good processing histories and few chargebacks. Once you receive approval for a CBD merchant account, your payment processor will send your processing hardware and equipment and get you integrated. This is why the approval rate for CBD-related products is so low, and as a business owner, you find it challenging to grasp a secure payment processing company. 2. For online CBD suppliers, finding a payment processor amenable to cannabis commerce has been an uphill battle. FREE Cost Comparison. For CBD and hemp businesses that operate online, having a reliable and secure payment gateway is crucial. Many people think that faster is better, but that's not. ACH Payment Processing; Chargeback Prevention Tips;. Fast Approval. However, constraints usually come from the payment processors. 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. Considering the whopping figure, any merchant would want to take advantage of this profitable market. 10/transaction. First, we’d talk about why CBD for sale needs high-risk merchant services. Right now the program is under construction and will be launching in late 2023. Any CBD owner knows that merchant processing is challenging and there have not been many stable solutions. If the sponsor bank has a low-risk tolerance, chances are the payment processor won’t. This is great until you start processing and they realize what you are selling. Only a few merchant processors approve merchant accounts for CBD businesses. 1 Best CBD Merchant Account Providers in 2021. These are NOT the cannabis plants grown for marijuana and hashish. Then connect your store to your CBD dropshipping supplier’s system and boom. Trustpilot. CBD businesses can get approved in as fast as one day. A Thorough Merchant Account Approval Process. Headquartered in California since 2010, PaymentCloud is a merchant account provider for low, medium, and high-risk businesses, now offering services for CBD sellers. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. 10. However, many providers, seeing the demand, have stepped in to provide merchant services tailored especially for the industry. Some processors even provide their customers with debit card and credit card acceptance, security solutions, PCI compliance assistance , and value-added services. GET STARTED. With easy integration, our top-of-the-line products give you more flexibility to accept payment for CBD and Delta 8 however and whenever you like. Transaction fee: 4. A CBD merchant account allows for the uninterrupted acceptance of non-cash payments for the sales of CBD OIL and Cannabis related products. 99% approval Having trouble getting approved for your high risk merchant account? Did you know HighRiskPay approves 99% of all applicants! FAST APPROVAL. 3. 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. 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. 877. Have a shopping cart compatible with our dropshipping management system (coming soon) Have an approved CBD merchant processor. CBD Merchant Account Approval Process. If a product has been added that has a higher THC level greater than . Merchants with businesses that require high risk credit card. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. Through our business solutions network, we were introduced to the CBD. S. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. Delta-8 THC is one of the four most common cannabinoids. 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. One big challenge for new CBD website owners can be the ability to accept credit cards. 95% + $0. Corepay: Best For Mail-Order/Telephone Order-Only Accounts. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Those high risk merchant account providers, like PayKings, that are willing to process transactions for your high risk business are offering solutions to those merchants like yours in the CBD oil industry –. com, for example, specializes in high-risk transactions. We provide Smoke Shop Merchant Accounts credit card processing with Free POS and 2. Establishing a merchant account is a necessary step in any business, and a simple one, in most cases. Many banks consider CBD sellers "high-risk," making merchant services — like simple credit card processing — a struggle. They currently offer the following for cannabis companies: True pin Debit; AHC and eCheck. Created for CBD e-commerce and retail merchants. This being the case, it’s wise to choose a merchant account provider that has extensive. Note Code 06 is currently unused but is reserved for future use. And since we have a 99% approval rate, there. In order to accept credit card payments for CBD, you must open a merchant account. Choose the right system to meet your needs. A full-service CBD payment processor will also be able to tweak their programs, should any changes occur in the payment market. PayKings understands the unique needs of different CBD Oil related businesses and has established 24+ acquiring banking relationships to become the experts we are in getting CBD Oil merchant accounts accepting online payments. These. PayKings helps countless hard-to-approve merchants get approval for a CBD merchant account with our in-house. I am not going to remove them, so looking for a good, fair, processor t. Remember that Stripe’s instant approval doesn’t mean your current payment processing account will last. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. However, Shopify currently only supports the hemp and CBD market in the US (maybe Canada), so for now, you can only have a Shopify CBD business in this market. That extends to cannabis credit card processing: a card network ban on cannabis transactions has locked state-legal THC licensees out of merchant processing services, preventing them from transacting with debit and credit cards. The higher your credit score is, the greater your chances of approval. A U. Stripe may be able to support businesses on its Restricted Business List with explicit prior approval. EMB offers CBD-friendly merchant accounts to businesses in nations all over the globe. The analysts estimated that the revenue of the market is projected to reach $16 billion by the year 2025. However, you must check with state and local CBD laws to make sure that you are selling it legally. Solutions. 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. The online hub first approved CBD sales in 2019, and has since become a popular outlet for many CBD stores. Fill out the CBD merchant account application form. Apply now for your CBD Merchant account. 9% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (invoices only), and 3. In addition to providing extra flexibility with the use of your. com to get approved for CBD merchant accounts without challenges. PaymentCloud offers third-party gateway capabilities, integrations with retail terminals and online shopping carts, and staying up-to-date on changing legislation. The eCommerce merchant account comes with quick and easy 24/7 support. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. We specialize in compliant processing for CBD, D8, D9, D10, Hemp, Kratom & PIN-based debit cannabis sales. In certain cases, businesses listed below may be eligible for processing with explicit. Adept Payments, a financial services company, pledges reliable, customer-centric payment processing solutions. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. Currently, PaymentCloud is our top recommendation for talking card payments as a hemp business. Also, EMB’s payment gateway is now fully integrated with Shopify to support CBD payment processing. Moonlight Payments. Easy Pay Direct: Best for Scaling High-Risk Businesses. The best CBD payment processor helps you get approved fast for your CBD merchant account. Hemp Oil Tinctures Our esteemed banking relationships have been carefully developed over time. Mon - Fri: 9:00 am - 5:00 pmHemp is federally legal in the U. Shift4 is already integrated into Shift4Shop, so you can get up and running right away. With a staggering 1,200 sanctioned hemp processors and 1,500 approved hemp cultivators,. To be issued a merchant account, you must show three to six calendar months of processing history. We do everything we can to make the application process simple, easy, and painless. Charlotte's Web is a huge company with strong brand recognition, which can help with marketing and sales of their products. Service providers will continuously update their software to ensure your online CBD store is operating at lightning-fast speeds. 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. This essentially put CBD merchants on “auto approval. A CBD merchant account and payment processor. [2] CMS-Connected. Securing CBD oil merchant processing can be very difficult. Here their processing company will collect the necessary information. No Application or. debt related services, CBD, kratom, cannabis, health supplements, or businesses that have an elevated risk of. Square Payments. Fees. 1952. (800) 956-1277. So, on March 14, nearly all CBD brands began scrambling for a new solution before losing. Within this labyrinth of legal intricacies, one significant hurdle stands out: payment processing. Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal compliance within the CBD sector. 4729 or fill out a contact form to get in touch with our sales team to learn more about our MERCHANT CASH ADVANCE and other payment solutions. Enjoy faster funding, as soon as same-day. The service is powered by Tranzlytics and is well regarded for their wide range of services. FREE Gateway Set-Up. If you are looking for CBD Merchant Processing, MobiusPay is the top place to start, as they now offer this service. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. 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. 0. If you’re ready to take your hemp-based business in North Carolina to the next level, it’s time to set up a CBD merchant account! CBD Businesses Wanted. 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. k. This marks a significant step towards financially managing your CBD business. Pennsylvania’s Medical Marijuana Act (35 P. HighRiskPay. S. Since its founding in 1997, High Risk Pay has become one of the industry’s firms with the most rapid expansion. They need to submit more information about their products and marketing strategies. We provide CBD merchant accounts for the following: As the CBD industry expands and encompasses new products, Corepay works diligently to maintain proper service and provide exceptional service to our clients. PayWize is a relatively new company, but it has quickly established itself as one of the CBD merchant payment processors of choice. Start accepting credit card payments. 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. High Risk Pay – High Risk Merchant Account. 4% + 15¢. CBD Merchant Accounts are Still Evolving. Note Code 06 is currently unused but is reserved for future use. 3. 3. 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. 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. 6. We specialzie in CBD & High Risk Processing. Tap, dip, or swipe transactions. They might take you on at. 5% + 10¢. When applying for a CBD merchant account, it’s crucial to ensure that the payment processor thoroughly underwrites new accounts and performs enhanced due diligence. 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. Credit card payments are deposited through ACH directly into the account. They do this by setting up aggregate merchant accounts that lump you together with other merchants to reduce the risk associated with your. However, most banks and processors still do not allow CBD merchants on their platforms. Georginix charges a $625 fee to join their program and requires a pre-approved CBD merchant processor. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. Apply today and get a quick approval! Tags: CBD Payment Processing. Although they’re not originally a high risk merchant service provider, Square Payments stepped up their game in 2019 by accepting business with CBD and hemp merchants. Call Now: 1-888-839-8688. The key lies in finding the right partner for CBD credit card processing. 95% FLAT. 2. 5 weeks!As a result, CBD/Cannabis merchant accounts have become increasingly popular in Canada as a way for businesses to accept credit and debit card payments from their customers. Credit Cards; Online. Let Us Solve Your CBD Payment Processing Issues. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. Accepts start-up businesses. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. All payments processed while participating in the CBD Program, including non-CBD items, will have the following costs: Payment Method. In this blog post, we'll take an in-depth look at 7 simple yet effective tips that will help ensure that you get the right CBD merchant processing services for your business. com. Stellar Financial Track Record. PaymentCloud has one of the best acceptance percentages among CBD merchant processing systems. If you sell CBD oil, vapes, extract, or edibles and have trouble getting approved for a merchant account, eMerchantBroker is a good option. 96. This provider specializes in hard-to-approve business types and can currently supply kratom merchant accounts, Hemp merchant accounts, and even CBD merchant. merchant solution. A payment processor will have special privileges with banks to become an approved CBD merchant processor to facilitate high-risk credit card transactions. This includes B2B and. If your application is in full working order. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. Some of the features of your CBD merchant account may include: Multi-bank processing (including off-shore) No. Any cannabis products that are higher than the FDA-approved percentage are not eligible for CBD merchant processing. However, illegal products or services are never eligible. CBD is one of the industries classified as “high-risk” in payment processing due to a variety of factors. Square’s pricing is always transparent. High Risk Payment Gateways. How To Increase Your Chances Of Getting Approved For A CBD Merchant Account Typical documentation required for a CBD merchant account is as follows: Government-issued photo identification. Instabill. Because the CBD industry is relatively new, it may be prone to fraudulent business activities and frequent chargebacks. No application, annual, or set up fees. iPhone and iPad are registered. CBD Merchant Accounts are Still Evolving. CBD products are not yet approved by the FDA and they are regulated by both federal and state laws. However, t hey are currently in the trial phase of allowing CBD companies, so only large CBD companies processing more than $10,000/ month have access to this potential solution at this time. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. Online payments, by their very nature, are considered high-risk transactions compared to in-person tap, chip or pin credit card payments. This gives. CBD is legal to buy, sell, and use in a limited number of countries and. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. Make Merchant Account Approval Easier If you want to move forward with a CBD oil merchant account , there are steps you can to improve your chances of approval. A CBD merchant account is a dedicated CBD retail processing account and a CBD eCommerce account that allows merchants selling CBD and Delta-related products to accept debit and credit card payments. This helps the bank decide just how much financial risk is associated with your business. Also, EMB’s payment gateway is now fully integrated with Shopify to support CBD payment processing. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. Cannabis, CBD Oil, Delta Eight (Delta 8), Delta Nine, Delta Eleven, Marijuana Merchant Service has a streamlined the credit card processor application and approval process. If you run a business that sells CBD or hemp products, finding a reliable credit card processing partner has likely proven difficult. 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. Finding a high-risk merchant service provider is a rewarding feeling but it is only the initial step in securing approval. 996. One of the reasons not all payment processors can offer CBD merchant accounts is the sponsor banks. As an online CBD merchant, it can be challenging to find a bank that is willing to accept your business. Who we are. Choose the right system to meet your needs. But proponents claim it can have significant health benefits. 3%; the processor shuts down the merchant’s total processing until the added product is removed. 3% more THC. 30; In-Person: 3. The company was founded by a group of industry veterans and offers merchant services to cannabis, CBD payments and other high-risk sectors. The Importance of a Thorough Merchant Account Approval Process. Welcome to the B. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. With fewer requirements and fewer steps, we approval CBD merchant account as quick as. The Merchant Category Code is a four-digit number used to identify the business category of a merchant. In addition, many marketing platforms prohibit you from. With Limelight, it enables users to increase the approval rate of credit cards and track their orders as well as control returns. If your application is in full. One of the main roles of merchant account providers is to assume most of the risk involved in processing credit card payments online. Understand more about being in high risk verticals by researching payment review websites with key information. Elimination of unnecessary hours you and your team spend on invoicing, billing, and payments, so you can focus on what matters the most – growing. 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. Purchasing CBD online or in-person for that matter is generally considered an even higher risk proposition even. 4. 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. Once you setup your store and input your products, add the shipping app like ShipStation. You can only send notifications related to CBD products and shops by email. High Risk Pay has got you covered. 5% + 15 cents when you manually key in a transaction. The CBD Processing – CBD Merchant Account Approval HAVING TROUBLE GETTING A CBD MERCHANT ACCOUNT? We Can Get Your CBD Merchant Account Approved!. Many payment processing companies will give you instant approval without formally underwriting your business.