Square’s CBD processing fees are below: Online: 3. Echeck Processing is available for next day setup!. 75% rate comparable to a low-risk merchant account. Avoid Claims: Banks do not want to see any types of claims on. FinTechMerchantAccounts can provide you with both international and domestic CBD merchant account choices to fit your requirements. You pay 2. She said that two other companies approved her business, but the rates were either “outrageous” or getting them set up could take at least three. . 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. 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. The eCommerce merchant account comes with quick and easy 24/7 support. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started. Trustpilot. These banks often require a reserve. The company was founded by a group of industry veterans and offers merchant services to cannabis, CBD payments and other high-risk sectors. With Limelight, it enables users to increase the approval rate of credit cards and track their orders as well as control returns. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. CBD merchant processing has been a revolving door of bank solutions that first say. Now CBD is categorized as a high risk company regardless of what kind of CBD products you bring in your online store. This solution is designed for those that have a brick and mortar storefront, e-commerce or offer curbside pick-up. However, most banks and processors still do not allow CBD merchants on their platforms. Each payment processing portal you consider will be a bit unique. If you can keep your chargebacks below 3%, we will set up. Moonlight Payments. First and foremost, you need a processor that securely handles high-risk merchant transactions. 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. ) When evaluating a high-risk business, merchant service. We can help you navigate the complexities of CBD payments, identify suitable payment solutions. Though selling CBD oil is legal in all fifty states, banks and merchant processors consider our business “high-risk” and getting approved for a merchant account will likely be difficult. CBD is legal to buy, sell, and use in a limited number of countries and. Banks underwrite and subcategorize CBD. Within this labyrinth of legal intricacies, one significant hurdle stands out: payment processing. Best for international merchants. Accept Payments. 4 Best for Ingestible CBD Products: Easy Pay Direct. The online hub first approved CBD sales in 2019, and has since become a popular outlet for many CBD stores. PayKings ; PaymentCloud ; Leap Payments ; Easy Pay Direct ; eMerchant. Yes, you can sell CBD in all 50 states on Shopify. PaymentCloud is a top recommended credit card processor for kratom businesses. First Card Payments offers consultation and payment processing services for CBD merchant accounts. These features and techniques include: Fast settlements to merchants. Instabill offers merchant accounts for e-commerce CBD sellers only. It doesn’t offer users the same high. Some processors even provide their customers with debit card and credit card acceptance, security solutions, PCI compliance assistance , and value-added services. 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. Online the rate is 2. Limelight is regarded as one of the best tools for CBD transactions. Welcome to the B. Prior to applying for merchant accounts, you should ensure they have several months of good processing histories and few chargebacks. 1952. Note Code 06 is currently unused but is reserved for future use. PayKings is one of the best high risk merchant solutions for your expanding. To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. ACH/Check 21 processing. Fill out the CBD merchant account application form. 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. EarthE CBD Provides Excellent Customer Service Along With the CBD Payment Processors in Shreveport, LA For the Merchants Who Face any Kind of Problem While Managing the Finances of Their Account. eMerchant Broker: Best for High Approval Rate. Durango Merchant Services: Best for highest-risk businesses. CBD and THC are marijuana-derived, but cannabis has 0. 5% + 10¢. Soar Payments: Best for. CBD is one of the industries classified as “high-risk” in payment processing due to a variety of factors. For example, if you process $20,000 or more a month, or if you have an average transaction amount of $500 or more, you risk more opportunities for higher chargeback ratios. Be denied services. If you meet all of these requirements you are ready to. In late September of 2019, EMB became a Shopify approved payment processor. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. Lastly, opt for payment processors that align with your goals for a smoother journey. Steps for Setting up a POS System for CBD Merchants. 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. Begin accepting credit and debit cards for CBD products today by filling out EMB’s simple online application. Stripe may be able to support businesses on its Restricted Business List with explicit prior approval. 98% Approval Rating. Besides leasing POS systems, Bankcard International offers several CBD payment gateways and integrations with e-commerce platforms like Shopify. A disclaimer page to help your store’s aesthetic and, of course, pass information and warnings to customers. Applications take an average of 15 days for approval. They are handling the business transactions of many reputed CBD companies. Property management companies processing monthly rental payments. HISTORY OF CBD MERCHANT PROCESSING. CBD Merchant Processing Providers Businesses that are considered high risk have to know who the right CBD merchant processing providers are. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. Opening a Bankcard International CBD merchant. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. FINALLY, we have the first 100% above board, legal CBD merchant accounts in the US & Canada. The explanation for CBD Merchant Processing Optimus Merchant Solutions is a CBD payment processor that gives CBD merchants a surcharge on high-risk merchant…New York state is requiring that licensed manufacturers and processors comply with current federal GMP regulations — 21 CFR Part 111 (for dietary supplements), or 21 CFR Part 117 (for foods) — established by FDA. Get Started Today. Our average approval time is less than 48 business hours!Rating: Excellent. Since the obligation is between the acquiring. However, acquiring banks and other financial institutions classify CBD products as high risk. #1 PaymentCloud Top Pick for Hemp Merchant Accounts. to support Hemp CBD Payment Processing. What Is An Approved CBD Merchant Processor? If you sell CBD products online, finding a processing company that is approved for CBD transactions can be a challenge. Best for Cannabis & Hemp Payment Processing: Canna Group LLC. 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. Card on file transactions. Benefits of a Kava Merchant Account Services. Until now. How to Sell CBD on Shopify in 3 Easy Steps. A CBD merchant account is a merchant account designed for CBD sellers and businesses. Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. 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. Auto transport merchant account and consulting services. A full-service CBD payment processor will also be able to tweak their programs, should any changes occur in the payment market. One big challenge for new CBD website owners can be the ability to accept credit cards. Lower prices. In order to accept credit card payments for CBD, you must open a merchant account. An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. [2] CMS-Connected. CBD businesses are classified as high-risk, so most of the popular merchant account providers are not willing to work with CBD based businesses. S. Understand more about being in high risk verticals by researching payment review websites with key information. First, we’d talk about why CBD for sale needs high-risk merchant services. 6. There are things to do to avoid your CBD Merchant Account being shut down by the credit card processor and the banks. Payment Processing –. Best for businesses that want a wide variety of terminals and POS systems. debt related services, CBD, kratom, cannabis, health supplements, or businesses that have an elevated risk of. These accounts are typically offered by specialized payment processors that specialize in working with high-risk businesses. A payment processor will have special privileges with banks to become an approved CBD merchant processor to facilitate high-risk credit card transactions. Through our business solutions network, we were introduced to the CBD. You can only send notifications related to CBD products and shops by email. Despite the challenges the CBD industry faces when accessing payment processing solutions, FLEX Payment Solutions has committed itself to help you overcome these hurdles. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. PayKings is among the most respected and knowledgeable CBD payment processing companies in the industry. 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. Bankcard International Group is your trusted leader in Cannabis Merchant Accounts. 8. Epidiolex does not contain any THC. CBD Merchant Account; Continuity Subscription Merchant Account;. Merchant processing is a must for any CBD business. 7. Credit Cards; Online. CBD businesses may be subject to unavoidable high-risk merchant account fees. payment gateways, credit card processing, chargeback alerts & instant approvals. 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. Whether you sell vapes, supplements, or anything in between, Shift4 is the perfect payment solution for businesses in high-risk industries. 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. But proponents claim it can have significant health benefits. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. Securing CBD oil merchant processing can be very difficult. 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. According to Mastercard (SRP, Section 11. Merchant account providers, such as ourselves, specialise in finding a solution for your industry. This marks a significant step towards financially managing your CBD business. In late 2018, the U. In an industry that's still fighting for widespread legalization, not everything is easy to acquire. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. They offer tailor-made processing solutions to fit your individual business needs. Each applicant can qualify for up to $250,000 and receive a pre. Merchant Services for ALL business sizes and types. E-Cigarette/Vape/CBD Business Whether you are a start-up business looking to make your mark in the industry or a wholesaler that is already processing large volumes, LightFire Merchant Services is the. This means merchants in the field can’t secure payment processing for CBD businesses easily. Accepts start-up businesses. 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. At the end of the day, getting approved for a high-risk CBD merchant account will boil down to how prepared you are when applying for one. Table of Contents About cbd merchant processing shopify CBD Friendly Payment Processors (High Risk Payment Processing providers). Shopify. Many people think that faster is better, but that's not. Right now the program is under construction and will be launching in late 2023. Here are two solutions available to merchants today on Big Commerce through. Bankcard International Group (BIG) is a high-risk payment processor that specializes in the cannabis industry. APPLY. Users also rave about eMerchant Broker’s onboarding experts and 24/7 customer support staff. Seamlessly integrate with over 70+ online shopping carts. 3. Securing CBD oil merchant processing can be very difficult. It provides hardware and software. About Us; Services. 1. Get Approved for a CBD Business Account Today! GET APPROVED QUICKLY GET STARTED 99% of applicants obtained high-risk business accounts HIGH APPROVAL. 9. 0330 122 6418; Support;. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. The only FDA-approved drug that includes CBD is Epidiolex. 1. CBD merchant accounts are payment processing accounts specifically designed for businesses that deal with CBD products. Our cannabis card processing solution is only available in the 39 states in which the sale of cannabis is legal to purchase and sell. Electronic checks also process quickly. Sign in HomeCBD payment processing offers a way for merchants (aka business owners) like yourself to accept credit cards and other forms of payment. You partner with a CBD-friendly payment processor and merchant account; That all may sound like a lot, but it’s rather easy to get CBD-friendly payment processing and merchant accounts if you’re in. Fees. The merchant must grant the processor access to scan their POS system intermittently, and usually once a month, to ensure no unapproved products have been added to the merchant offerings. (877) 441-6801. Due to all the legal complexities and state-specific regulations associated with the CBD industry, many traditional banks and payment processors usually avoid working with CBD businesses, leaving them. At Merchant Advice Service, we understand the unique challenges faced by CBD businesses when it comes to accepting credit and debit card payments. The analysts estimated that the revenue of the market is projected to reach $16 billion by the year 2025. EMB offers CBD-friendly merchant accounts to businesses in nations all over the globe. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started. com is one of the leading High Risk Merchant Account providers of credit card processing & payment gateways to businesses with bad credit. Our dedicated staff is familiar with the Cannabis merchant processing industry and is always updated on changing legislation and how it affects your business. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. EMB offers CBD-friendly merchant accounts to businesses in nations all over the globe. The best rates for CBD credit card processing in the USA and Canada. Low Rates & Fast Approvals. It only takes a few minutes to fill out our online application, so there’s no reason to wait. At Corepay, we specialize in high-risk processing, with. Then connect your store to your CBD dropshipping supplier’s system and boom. Twitter Facebook-f. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. Three months of bank statements. Choose and sign up with a payment processor that supports CBD stores. This entails filling out the general form, then adding details in a more thorough merchant application. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. Here are. Even though hemp, and by extension CBD oil, has been. S. CBD is considered a banned substance for Shopify Pay , but you can sell it through a Shopify store using high risk payment processors. Companies must also. Charlotte's Web is a huge company with strong brand recognition, which can help with marketing and sales of their products. Adept Payments, a financial services company, pledges reliable, customer-centric payment processing solutions. Merchant service providers that are willing to take on CBD accounts can be hard to find. iPayTotal may be less appealing to very young businesses because of the $1,500 minimum weekly sales requirement. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin. CBD Merchant Account Approval Process. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. Whether you are a startup CBD merchant, a mid-sized business or a publicly. Clover POS: Best For Sophisticated Processing Hardware. Instabill also requires a six-month rolling reserve from each merchant. Solutions. Some of the features of your CBD merchant account may include: Multi-bank processing (including off-shore) No. Joining their program requires a pre-approved CBD merchant processor and a $625 fee. 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. To get a Shopify CBD merchant account, you’ll have to go through a three-step process: CBD Merchant Account Application Process. Here my overlay on our current situation in the CBD industry’s payment sector: Cards (credit/debit): most sought after, high rate of account openings and forced closings due to regulations. Cova Software:. . Apply today and get a quick approval! Tags: CBD Payment Processing. Partnering with AllayPay ensures: Ongoing full-service support responds to all your questions and any processing concerns. Merchant accounts and payment gateways that allow CBD and Hemp Oil to be sold through their networks. Segpay CBD merchant processing is available for hemp-derived products with a 0. 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. Get Approved & Start Processing with Peace of Mind. When you apply for a CBD merchant account from PaymentCloud, you’ll get approved. 5% + 10¢. S. It offers additional functionality beyond payment processing. Square CBD Fees, Rates & Pricing. During this time, he has spoken with. Therefore, CBD remains high risk or hard to place. Speak with an expert: (877)-715-4501. Total set-up time is 15 days. HighRiskPay. Merchant processing is a must for any CBD business. Twitter Facebook-f. At the moment, we cannot provide a credit card merchant processing account for any cannabis products containing cannabidiol, cannabinoid, tetra-hydro-cannabinol (THC) in excess of the allowed. [2] CMS-Connected. Merchants can process Shopify CBD payments by meeting standard CBD. In most cases, when looking for a merchant account, the onboarding process is relatively fast. A New York-based investment bank by the name of Cowen & Co. Whether a brick-and-mortar storefront or e-commerce establishment, we offer custom and scalable CBD and hemp payment. A full-service CBD payment processor will also be able to tweak their programs, should any changes occur in the payment market. Products Approved: Hemp-Derived Flower, CBD Oils & Tinctures (Human), CBD Oils & Tinctures (Pets), CBD Topical. 0That’s why our paths crossing and you choosing the best in CBD merchant processing is so valuable. However, like other high-risk businesses, CBD merchants have to undergo a. Advanced chargeback protection programs. 2110) allows grower/processors to obtain hemp only from a person holding a permit issued by the Department of Agriculture to grow hemp. Shift Processing can get approval for our high risk merchant accounts in as little as 48 - 72 hours. As a trusted CBD payment processor, we get merchant accounts for cbd and hemp products approved quickly. Keep in mind that Shopify has only opened this up. Looking for high risk CBD merchant services? Contact High Risk Payments today to learn more about our tailored solutions for CBD merchants. Shopify’s payment processor doesn’t support CBD stores. Once a CBD or Hemp company is approved, payment processors set monthly processing limits for new businesses, typically between $25,000 and $50,000 per month, for the first three-to-six-months. 8. Here are the types of businesses that can benefit from a high-risk merchant account. Have you heard about a CBD store available in your area? CBD is used to address anxiety and for patients suffering from the misery of insomnia. GREENWAY Payments has over 4 years experience specifically with CBD merchants. As an online CBD merchant, it can be challenging to find a bank that is willing to accept your business. Here are the general requirements that we will be looking for. As the regulatory framework with the FDA gets worked out, the murky legal and banking procedures leave more “traditional” processors wary of taking on the risk associated with the CBD and cannabis industries. High Risk Payment Gateways. In fact, we pride ourselves on a fast turnaround time—most approved. Our merchant services incl. Get fast account approval. Our CBD merchant services cover. 98%. CBD products are not yet approved by the FDA and they are regulated by both federal and state laws. Instabill offers merchant accounts for e-commerce CBD sellers only. 1. SMB Global: Best for Ultra High-Risk Merchants. Tetrahydrocannabinol (THC) is a psychoactive compound and. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. Summary: Although CBD was completely legalized in 2018 with the U. Disable your customer’s SMS notifications. 4. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. CBD Requires High-Risk Payment Processing If you encounter payment processing challenges, this section, and the next cover all you need to know about the logistics of high-risk payments. In this blog, we’ll break down everything you need to know about. S. An approved CBD merchant processor; A sales tax license; Can you dropship CBD on Shopify? Shopify is by far the #1 Ecommerce platform on the market. Due to the higher-risk categorization, the CBD industry often uses alternative payment processors such as HighRiskPay. Square CBD Merchant Services. 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. 420. With over a dozen high-risk acquiring banks at our fingertips – we are in a prime position to get CBD and hemp. Research necessary regulations. Rates begin at 2. That’s why it’s critical to turn to a reputable credit card processor like emerchantbroker. 3 percent THC. Lightfire Merchant Services is a Premium Merchant Services Provider specializing in servicing those within the E-Cigarette/Vape/CBD industry. Securing a merchant account is essential for any business that wants to accept credit card payments, but the process can be especially complex for businesses selling CBD. What distinguishes merchant service providers from popular payment services providers is the. Immersed in Knowledge and Focused on Your. They offer a variety of products and have a strong brand recognition. 3. Here are the best marijuana payment processing companies & the truth about credit cards. Offers debit & cryptocurrency payments. As the regulatory framework with the FDA gets worked out, the murky legal and banking procedures leave more “traditional” processors wary of taking on the risk associated with the CBD and cannabis industries. You must go through three different processes to get a Shopify CBD account. Research necessary regulations. There were many issues with. 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. The Importance of a Thorough Merchant Account Approval Process. Best CBD Merchant Account Provider: Moonlight Payments. 3% total Δ9-Tetrahydrocannabinol concentration. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. Instabill. American Express may require separate approval. 1 Best Overall: Square. L. 3%; the processor shuts down the merchant’s total processing until the added product is removed. 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 . Accepts domestic & international cannabis merchants. Very few credit card processors allow CBD companies to use their services or to be approved for merchant accounts. The “auto-approved” accounts had hardly any oversight…which allowed for those less than reputable marketers to jump in and start selling using things like free trial offers. Our CBD Program fees are slightly different than our traditional processing fees. Since its founding in 1997, High Risk Pay has become one of the industry’s firms with the most rapid expansion. FREE Gateway Set-Up. In 2020, the number of shoppers that shopped through Shopify increased by 52% from 2019. Just make sure to follow FDA regulations to ensure your CBD business is approved for a merchant account to sell. Our commitment to beating competitor rates, dedicated customer service, and thorough rate review. Easy Sales Tracking. Selling CBD is a high-risk business. And rates 50% lower than most other companies offer. Low Rates. 2% and $. Our team of experts specializes in high risk merchant accounts, such as CBD oil merchant accounts. Getting Started: How to Sell Credit Card Processing and Merchant Services. Accelerate the growth and opportunity in your business. Online: 16 agents CBD Merchant Account As a CBD business owner, you deliver relief to your customers—now let PaymentCloud deliver payment processing relief to you! We’re. Charlotte's Web products may help with marketing and increasing sales. Only a few merchant processors approve merchant accounts for CBD businesses. Call us today! We use cookies to ensure that we give you the best experience on our website. Be prepared for tiered pricing; higher statement. It is quite an old company, established in the year 2000. PaymentCloud has one of the best acceptance percentages among CBD merchant processing systems. merchant accounts), you’ll typically need to process $5K-$10K in monthly transactions to justify the cost. 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. It was a cold cbd gummy rings and clear night, and the sky was full of stars. Bank statements will likely be requested (again, prepare at least three to six months’ worth). To get a Shopify CBD account, you’ll have to go through three different processes. All payments processed while participating in the CBD Program, including non-CBD items, will have the following costs: Payment Method. Lastly, you need a trusted CBD manufacturer or supplier, especially if you opt for dropshipping and plan to market your products. PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. Vape, Glass, CBD and Kratom Approved. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. big news is Square’s CBD program expanding to accept more merchants. Start your search for dispensary POS software with feature-rich software, including: 1. AllayPay will get your CBD merchant account approved quickly. 25% - 6. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. Signed merchant application. A disclaimer page to help your store’s aesthetic and, of course, pass information and warnings to customers. Most of all, you need a HIGH RISK MERCHANT ACCOUNT provider that provides stable solutions and great rates. We offer an online processing of your merchant account application so we can begin processing your application immediately. Essentially, a CBD merchant account provides businesses with the ability to accept debit and credit card payments from customers. Our team is dedicatedto getting you approved. Instabill. HighriskPay provides virtual terminal solutions for retail payment processing. Steps for Setting up a POS System for CBD Merchants. Any high-risk merchant account is going to cost more than a similar low-risk one. Online sales began surging as soon as payment processors began approving card-not-present transactions. Elimination of unnecessary hours you and your team spend on invoicing, billing, and payments, so you can focus on what matters the most – growing. 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. GoCardless Review - January 10, 2023. Even CBD, which was descheduled under the 2018 Farm Bill, has had its difficulty securing merchant. Voided check or bank letter. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. 96. Get your Shopify CBD online store off the ground with a CBD Merchant account and. 4. The two companies ahead of Shopify are Woocommerce and Squarespace. We offer lower prices than the competition and 20 years of expertise. Jake W CBD Minimal. The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. Getting your application for a CBD merchant account instantly approved means you’ll have the ability to process payments immediately. PayWize is a relatively new company, but it has quickly established itself as one of the CBD merchant payment processors of choice. “BigCommerce Goes Green“. Fax: (818) 741-2252. ACH Payment Processing; Chargeback Prevention Tips;. We also provide alternatives for CBD merchants looking for a merchant account! 1-800-988-2215.