eDATA PAY OFFERS CBD MERCHANT ACCOUNTS
LOOKING FOR A CBD MERCHANT ACCOUNT?
eDataPay is now supporting CBD merchant accounts in both the US and Canada – With NO monthly minimum volume requirement!
The top CBD payment processor can set up a special account for your company. eDataPay is the industry leader in having your CBD merchant account up and running and ready to accept payments.
Do you require a CBD Merchant Account for your online store? You just came to the right Payment Broker.
Finding a CBD merchant solution that keeps your business running smoothly is vital. In the CBD sector, EDataPay.com understands how difficult it may be to find high-risk merchant accounts. Furthermore, even the most seasoned CBD merchants may find securing payment processing on their website difficult. We can assist you if you don’t know where to start. EDataPay.com may assist you in locating a high-risk CBD merchant account bank and wholesale Payment processor. We have a CBD payment processing solution that will work for your company.
If you’re looking for CBD merchant processing, it’s crucial to understand why payment processors for CBD sales are so difficult to come by (and keep). Because of the way CBD oil is grown, it is considered a high-risk commodity in the realm of online merchant accounts. CBD is a legal substance. It is, however, derived from the same plant that produces cannabis, the regulated counterpart. Because of this, banks and lenders are on high alert, and your CBD oil merchant account may be categorized as high risk. CBD is now classified as a high-risk enterprise, regardless of the type of CBD products you sell in your online store.
CBD Merchant Account with High Risk
Alternatively, just because you have a high-risk CBD merchant account doesn’t imply you can’t accept credit cards. EDataPay.com is a specialist at determining the most cost-effective strategy to increase your market for CBD services and goods. EDataPay.com is dedicated to helping you find the CBD credit card processing solutions you need to succeed online. To meet your business needs, we provide entirely customizable CBD merchant processing alternatives. Furthermore, EDataPay.com makes it simple to open a CBD oil merchant account within 48 hours.
Is your CBD merchant account being shut down by your credit card processor?
EDataPay.com recognizes the importance of your online CBD business processing. And you’re left feeling absolutely helpless when your credit card payment processor abruptly closes your merchant account. Fortunately, closing your merchant account with a payment processing provider like PayPal, Square, or Stripe does not imply you’ve reached the end of the road. It’s the polar opposite. Not only can EDataPay.com assist you in reclaiming your CBD merchant account, but we can also provide you with a complete payment solution for your high-risk company needs.
First and foremost, it is critical to comprehend what recovery entails. If your CBD merchant account has been suspended by PayPal, Square, or Stripe, you will not be able to reactivate it through those payment processors. This means that you won’t be able to use numerous online credit card processors for CBD product sales as a result of this termination. Funds in your merchant account are frequently unavailable until you can construct a high-risk credit card processor that is specifically designed for your CBD merchant account. When CBD merchant accounts are closed, there is often a gap in incoming payments. As a result, your accounts will be insufficiently funded. CBD merchants are sometimes in a precarious situation, owing their bank money despite their inability to make sales or obtain funding.
Selecting the Most Effective CBD Payment Processor
The top CBD payment processor can help you get your CBD merchant account approved quickly. EDataPay.com focuses on personalizing your banking solution and ensuring that you receive the best available prices. When looking for a top CBD payment processor, keep the following features in mind:
- Discusses your processing history and assists startups • Allows you to offer a variety of CBD products
- Low interest rates and quick approvals
- Discusses how to organize products and merchandise • Mentions THC levels and percentages • Has experience working with CBD businesses • Secures long-term accounts
It’s crucial to respond quickly and know where to go for aid if your CBD payment processor shuts you down. EDataPay.com will assist you in regaining access to your account in the most efficient manner possible. We can provide your CBD merchant account with the high-risk payment processing solution it requires. You can focus on what matters most now that your business is up and running again: running your online CBD business.
You’ve arrived at the perfect location if you’re just getting started with your online CBD store. Signing up with the top CBD merchant processing firm from the start saves you time and money by preventing you from being shut down by payment processors like PayPal, Stripe, or Square. When you use EDataPay.com to set up a payment processing solution, you avoid having your funds frozen. As a result, your money source is consistent and reliable. If you’re seeking for CBD merchant processing with competitive rates and solutions, EDataPay.com is the place to go.
What can EDataPay.com do for my CBD merchant account?
CBD merchant processing is not available through aggregate businesses like PayPal, Stripe, or Square. These businesses frequently entice CBD entrepreneurs with enticing “immediate approval” offers. However, after the underwriting process is completed and high-risk CBD products are identified, the path comes to a halt. PayPal, Stripe, and Square will freeze and shut down your account if they find out you’re selling CBD on Shopify or another ecommerce platform. This risk monitoring technology is frequently used by these leading payment processors to scan all merchant accounts, evaluate processing history, and determine which accounts qualify. You should expect the account to be terminated if the company model is deemed high risk after initial approval, which is always the case with CBD oil merchant accounts.
Why go to all of this trouble when you can escape the headache of having your CBD merchant account closed? EDataPay.com can help you get your business off to a good start by providing you with a long-term high-risk merchant account. To request a free quote from EDataPay.com for CBD merchant services, please click here.
Do you need CBD credit card processing?
If you’re looking for CBD credit card processing, make sure you follow all of the rules. CBD businesses selling hemp-derived CBD goods with less than 0.3 percent THC can apply for an EDataPay.com CBD merchant account. At this time, we are unable to provide a credit card merchant processing account for any cannabis goods that include more than the authorized percentage of cannabidiol, cannabinoid, or tetra-hydrol-cannabinol (THC).
It’s critical to have a thorough understanding of the CBD sector and the goods available on the hemp market before launching your online CBD business. To begin, below is a list of the many CBD product categories.
- CBD Concentrates • CBD Topicals and Ointments • CBD Gummies • CBD Pet Products • CBD Sprays and Atomizers • CBD Flower • Full Spectrum CBD Products
- CBD Isolate • CBD Drops • Broad Spectrum CBD Products • CBD Pills and Capsules • CBD Vapes • CBD Resin • Creams and Lotions
- CBD Beverages • CBD Edibles • CBD E-liquid • CBD Water Soluble Products
- CBD Distillate • CBD Crumble • CBD Oral Applicator • CBD Powder • CBD Dropper • CBD Tinctures • CBD Extracts • CBD Smoke and Vape • CBD Paste • Disposable CBD Vape Pen • CBD Inhaler • CBD Shatter • CBD Patches • CBD Wax
What Effect Does Having a High-Risk Status Have on Your Chances of Getting a CBD Merchant Account?
Selling CBD online is a high-risk enterprise for reasons other than its link to marijuana. There are a number of other variables that make CBD a high-risk payment option. To begin, an ecommerce CBD sale is a transaction that takes place over the internet. The sale will be processed as a “card not present transaction,” which is a high-risk payment method. Furthermore, high-risk CBD enterprises have substantial security reserves and very high discount rates (also known as a rolling reserve). When a company’s industry has a high risk of fraud and chargebacks, it’s designated as a high risk merchant. Being a CBD oil merchant carries a high risk rating because the business poses a reputational and legal risk to banks and lenders. This is the effect of the FDA’s tight CBD rules in the United States.
Account for Hemp Merchants
It’s vital to realize that credit card processing providers like Stripe and PayPal do not specialize in high-risk industries if you’re a CBD firm searching for a hemp merchant account to sell hemp products in an online market. As a result, they are unable to handle payments for the hemp retailer. Unlike other businesses, EDataPay.com has a large number of acquiring bank partners who will accept CBD accounts. Merchants who offer high-risk services, such as CBD and hemp products, should look for a provider who specializes in high-risk processing. The payment processor will assist you in setting up your high-risk merchant account.
It’s critical to partner with the correct CBD merchant processing companies if your organization is considered high-risk. EDataPay.com is a high-risk merchant account provider with a track record of processing transactions for high-risk businesses at reasonable prices. We provide CBD oil merchants who need a payment gateway for selling their CBD goods on the internet with custom-tailored solutions. You can set up legitimate debit and credit card processing with a CBD payment processor that fits your business. EDataPay.com can expertly match you with a solution that is willing to take on the additional risk that comes with your high-risk business.
Why should you use EDataPay.com for CBD and any Online Payments Merchant Account?
For your CBD Oil merchant account, EDataPay.com steps in as a trusted and skilled payment processing firm. EDataPay.com has developed 24+ acquiring banking connections to become the experts in the area, and knows the particular demands of various CBD-related enterprises. We can help you be approved for a CBD oil merchant account quickly so you can start accepting online payments.
eDataPay has been committed to providing the most stable merchant accounts for e-Commerce stores selling CBD products, whether in the US or Canada.
While we are accepting startup CBD companies – we are only doing so with companies that have sound financial backing or have had success with running another company.
- APPROVALS typically take 7-14 business days.
- Funds will be deposited in 24-48 hours
- Reserves will be held on an as needed basis – but not always required.
- The business’ name will be displayed in the descriptor of the consumer’s credit card statement.
- The merchant account, bank account and business will all be in the United States (Or Canada, respectively).
- You can sell CBD and other products on the same site.
- both ingestible and topical CBD products are accepted
- ** Startups WITH PREVIOUS EXPERIENCE *ARE* accepted
Accounts are for hemp based CBD only. Lab tests results are required to validate the products as CBD derived from Hemp.
We can also setup a CBD Bank Account for you as needed.
EDATAPAY.COM HAS FOCUSED ON CANNABIS BUSINESS SINCE 2011
With the rise of medical legalization, recreational legalization and also CBD adoption, the banking and credit card processing climate around cannabis has been volatile to say the least.
Over the last 4 years alone, the ability to process credit card payments for marijuana and CBD has been allowed and disallowed several times. Generally, when a solution has cropped up (pun intended), it has been a workaround that pushes the limits of legality.
Those options have been expensive, unreliable and ultimately resulted in a huge expenditure of time and money for CBD entrepreneurs who used those options.
FINALLY, we have the first 100% above board, legal CBD merchant accounts in the US & Canada. You can process credit cards for your CBD business without issue.
Cost associated to CBD businesses:
** Guaranteed Lowest Rates **
Base Rates for US CBD Merchant Accounts are starting as low as:
- $39.99 per month
- Start at 2.75% + $0.30 per transaction (rates vary based on volume)
- Gateway Provided by eDataPay
Base Rates for Canadian CBD Merchant Accounts or Canadian Marijuana Merchant Accounts:
- $39.99 per month
- Start at 2.75% + $0.30 per transaction (rates vary based on volume)
- Gateway Provided
To get approved for a merchant account in 24 hours
Apply here or call +1-561-395-9554.
Get In Touch with eDataPay Banking Specialist:
- US Mailings Address:
- 20423 State Road 7, Suite F6-524, Boca Raton, Florida, 33498 USA.