CBD Merchant Account

Maiiven
Tourist
4 0 8

Hello! I just wanted to share that until 3 months ago, I had no idea that it was not allowed to sell CBD oil products using  Paypal or Stripe. 

 

I'm a soapmaker and bath bomb maker. I wanted to start making bath bombs with CBD Oil in them. I was on Squarespace and Paypal froze my account.

 

Ugh. 

 

This forced me to do some digging and after looking at half a dozen payment merchants I went with InclusivePay.  I know that a lot of other people might find themselves in the same boat.

Replies 165 (165)
Nick
Community Moderator
Community Moderator
4510 433 980

Hi @Maiiven,

 

Nick here from Shopify. 

 

Thanks for sharing this, hopefully, it will help some other store owners in similar situations as yourself. 

 

It's always good to do some research on different payment gateways especially when selling a product to do with skincare as a lot of payment gateways can be strict with their rules and regulations with regards to that industry. 

 

For anyone who's interested you can find the Shopify Payments terms of service here as well as the list of payment gateways, Shopify is partnered with for each country here

 

All the best, Nick

Nick | Community Moderator @ Shopify 
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AustinPayhub
Shopify Partner
5 0 0

Hey!

 

That's so frustrating! We hear about that happening so often.  We are a US based merchant services provider and are taking proactive action to help businesses like yours not be without credit card processing! If you have any questions or need any assistance when it comes to getting your merchant account back up and running please don't hesitate to reach out to me directly: austin@payhubpayments.com.

 

Thank you! 

apoorvjoshi
Tourist
10 0 0

When you need a CBD merchant account, one of the things you’ll notice is all the credit card processors that are going to refuse to give you one. It’s a real problem for people who sell CBD edibles, hemp and cannabis oil, and other items in the marijuana industry. Fortunately, this doesn’t have to be a problem for you any longer. Click Link will work with you on opening a CBD high-risk merchant account and keeping your account alive.

apoorvjoshi
dijitultom
New Member
4 0 0

@Maiiven Hello! We also understand the challenges of being able to take payments for CBD products online. Many merchant accounts claim to support taking payments for CBD products but are in fact limited to a certain type of CBD product, not the whole range.  
We have spent the last few months working on a suite of solutions to cover payments and marketing that fully support CBD products in all forms. Have a look at our CBD Payment Gateway for more information and apply today!

MarkSands
New Member
6 0 0

You may want to check out HRMA-LLC  specializing in CBD Merchant Account Processing

They are offering cbd merchant account solutions for both eCommerce and retail merchants.

Hope That Helps.
Mark S.

 

 

 

kjproweb
Shopify Partner
103 5 15

June 2, 2019

 

As of this post, there are only two (2) US domestic banks that offer credit card processing to hemp-based CBD sellers. I'm not referring to banks that sell e-wallets, e-check services or UK processing. Instead, I'm referring about banks here in the USA willing to support CBD sellers with real credit card processing solutions.

 

Yes. You can get a CBD merchant account and it won't violate Shopify Policy. I know these services work because we have hundreds of 'live' websites selling CBD right now.

 

  • The processing rates are 2.25% (above true interchange) + $.20 cents per transaction.
  • Visa, MasterCard, AMEX & Discover Card accepted from your customers
  • Next day deposit and availability of funds
  • New start-up businesses gladly accepted!
  • No previous merchant processing history required
  • No 'rolling reserve' hold on funds and fear of getting shut down.
  • To avoid getting rejected, your website must comply with strict underwriting guidelines. I will forward those guidelines to you.

If you need more information, just email me.

 

Happy Selling,

Kevin James

Certified Front-end Developer | eCommerce Expert

Approved Shopify Developer

(303) 257-4484

kevin@kjproweb.com

 

Kevin James
Expert Web Developer & Shopify Partner
TRCplant
New Member
2 0 0

Hi @Maiiven - are you still using inclusive pay and are you happy with their services and pricing?

 

Cheers,

apoorvjoshi
Tourist
10 0 0

Hello @Maiiven 
I am Daniel Brain, How is your business going on? 
If you want to open CBD Merchant Account for your Online Business. We can help you with the expert's team. 
We provide offshore & domestic CBD merchant services globally.
Click here -  https://app.merchantstronghold.com/highriskmerchantaccount   

Regards,
Daniel Brain
(Merchant Services Provider)

apoorvjoshi
Maiiven
Tourist
4 0 8

Yes @TRCplant , when the whole craziness of Elavon happened, they reached out to let me know before I got the letter.  I'm a start up so they tried several solutions and I went with e-check first.   However, since I only do topicals they were able to get me placed with a domestic bank last month for a great rate.  I sent a friend to them who does cbd flower (he does really high volume - like I dream of doing what he does a month) and they got him set up to.   The quote is free and they were so helpful and explained everything.  I really recommend them as they are so transparent - their email is hello@inclusivepay.com

ShipRelay
Shopify Partner
4 0 0

Hi ShipRelay here!  We are based in Denver, CO and get a lot of requests for CBD fulfillment.  CBD brands whom can get credit card processing and a sales channel that will allow it (WooCommerce) then we have no problem shipping the CBD products.  Let me know if anyone has any questions in this niche.    

IntegrityPayJD
Shopify Partner
23 0 11

August 12, 2019.

 

As of this post, there are only two (2) US domestic solutions that offer credit card processing to hemp-based CBD sellers with ALL cards and rates above interchange under 4%. One of them is in a private beta. And the other is a new stable CBD processing solution that was announced today.

 

Yes, there FINALLY is a domestic solution in the US that allows you to accept all four cards (Visa, MasterCard, Amex, Discover) with rates that are not ridiculous (just because they can).

 

  • The processing rates are 3.50% (above true interchange) + $0.25
  • Visa, MasterCard, AMEX, Discover Card accepted from your customers
  • Next day deposit and availability of funds
  • New start-up businesses gladly accepted!
  • No previous merchant processing history required
  • No 'rolling reserve' hold on funds and fear of getting shut down.
  • Shopify Approved
  • To avoid getting rejected, your website must comply with strict underwriting guidelines. I will provide these guidelines for you and how your Big Commerce Site Should look.

 

If you need more information, just email me.

 

Happy Selling,

Jason Lee

Shopify Partner | eCommerce & High-Risk Merchant Expert

(720)730-7877

IntegrityPay, Expert Web Developer, High-Risk Processor, CBD Consultant, Merchant Processor, & Shopify Partner
beeoch
Tourist
8 0 2

Hi there, I am reaching out to see how inclusivepay has been working for you? I am looking to make a processor switch. Thanks for your help!

IntegrityPayJD
Shopify Partner
23 0 11

Hi,

We are not working with Inclusive Pay.

Inclusive Pay has an independent contract with an agent who has an agreement with the processor – two steps removed. We have a direct relationship with the processor, sponsor bank, and have access to solutions that are only available to direct partners. If you'd like more information, please let me know.

IntegrityPay, Expert Web Developer, High-Risk Processor, CBD Consultant, Merchant Processor, & Shopify Partner
beeoch
Tourist
8 0 2
Thanks for the response. Yes I'd like more info please.
ezdesigner
Shopify Partner
3 0 2

Please send me some info on CBD processing for startup. Thanks

apoorvjoshi
Tourist
10 0 0

  • Research The Local Hemp Cultivation Laws – Knowledge of Local Laws would be very important as they vary from state to state. There is a license allotted to each Hemp business and the merchant. It is unlawful for a merchant who does not hold a license issued by the government, or who is not an agent of a licensee, to cultivate, handle, process or market the industrial hemp plants or seeds or any substance derived from Cannabis or hemp.

  • Get A Company Registered And Prepare Compliant Website – Get your company registered and prepare the website enlisting the products you wish to sell. The website should be proper and have all the content as per the business plan, proper checkout page, transparent and compliant with SSL security.

  • Get A Genuine And High-Risk Merchant Solutions Provider – A high-risk business demands proper high-risk platform to process payments for your business. The payment gateway could be properly validated and should be compliant as per the acquiring bank.

  • Complete The Application And Submit All The Documents – Complete the application validating all the documents to support your application as it will be underwritten by the acquiring bank and will finally provide you with a high-risk merchant account.

Get more information for you can call us at +1 855-465-4723 or Click Here and check our services. 

I hope this help.

apoorvjoshi
Hunter_H
Tourist
3 0 4

We CANNOT provide merchant accounts for CBD flowers!

IntegrityPayJD
Shopify Partner
23 0 11

If you are looking for a merchant solution for CBD flowers, please send me a message. I have the solution that will process flowers.

IntegrityPay, Expert Web Developer, High-Risk Processor, CBD Consultant, Merchant Processor, & Shopify Partner
TyW
Community Manager
Community Manager
413 40 1106

Hi @Maiiven 

Shopify enables merchants to sell a broad range of products. For more information specific to selling hemp-derived CBD products in the United States, please visit: http://bit.ly/2QgweKN.

TyW | Online Community Manager @ Shopify 
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