CBD Merchant Account - A complete guide by Mygreen Merchant Services

 Before getting into the nitty-gritty let us know what is CBD and what exactly is CBD merchant account.

CBD stands for cannabidiol. CBD products are made from the ingredients of cannabis (marijuana). CBD products are high-risk products and therefore payments made for these products are susceptible to major risks. Risks are that of legislation, risk of chargeback, and reputation risks. 


A CBD merchant account is used to process credit card payments made for CBD products. These accounts fall under the category of high-risk accounts and face difficulties in getting approved.



How to apply for the CBD merchant account 

It is a very simple process you just have to follow these simple steps.

  • Get the application form

  • Fill in the important information such as company registration information, voided check from the depository account, details on the product being sold, and the Government Issue id.

Accounts can be approved within 48 hours. When your CBD account is approved you can easily start the processing.



 Most common CBD products

Given below is the list of most common CBD products that are deemed high-risk products and most other merchant account providers won’t accept payments from merchants selling these products. Therefore, you need a CBD merchant account for processing the payments made for these products.

  • CBD cosmetics
  • CBD Pet Products
  • CBD Tinctures 
  • Supplements and Capsules
  • Hemp Oil 
  • CBD Gummies
  • CBD Pills and Capsules
  • CBD Powder 
  • CBD Oil Syringe


Why should you use a payment processor?

It is quite obvious that one would want to know why to even use a payment processor. We have listed various reasons for you.


  • Top-notch customer service 

CBD processors regularly update their software to provide their customers the best service. It ensures that customers don’t face any difficulty that is why they include data security and fraud protection in your package

 

  • Expanded payment options

These CBD processors accept debit card or credit card payments. This allows you to serve the customers, who mostly prefer these payment methods. This system enables the customer to buy products.
Location: San Jose, CA, USA

Comments

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