CBD Merchant Account and Online Payment Services

CBD Merchant Processing

CBD payment processing is a lot of things as CBD can be integrated into oils, gummy bears and creams to say the least.

CBD Merchant Accounts

With government, local and state lawmakers waking up to the CBD effect on diseases, pains and more. It seems that also banks are opening their eyes to a vastly growing market. Even though CBD as a whole is new on the right side of the law, it seems that many are still debating whether or not it should be legal in many countries.

Merchant accounts for CBD processing are a focus of PurePay’s and we can help you find the right bank and the right terms needed to get you credit card processing.

What Costs are Associated with CBD Merchant Accounts

Fees that PurePay will charge depends on factors like Processing history, method of sales, Countries, Volume of sales, and products. All CBD Merchant Accounts are unique but included terms stays the same for most:

Merchant discount rate
Transaction fees
Monthly gateway fee
Four and a Half – Six-month rolling reserve (Depending on bank)
Chargeback fee
Refund fee

Why is CBD defined as high risk

Acquiring banks label CBD oil as a high-risk industry since it is extracted from the hemp plant, and even though it barely contains traceable amounts of THC. Possession, sale and use of marijuana remain illegal in North American, Europe and Asia, some acquiring banks are cautious of offering solutions for Payment processing for CBD, despite the many health benefits of CBD.

What is CBD?

Cannabidiol (CBD) is a cannabis compound that has massive medical benefits, but will not make people feel “stoned” and can counteract the psychoactivity of THC. Fact is that CBD-rich cannabis is non-psychoactive or less psychoactive than THC-dominant strains which makes it a very appealing option for patients.

Benefits of CBD products

With studies still going on for many different purposes, let’s discuss a few of proven benefits of CBD:

Inflammation
Pains
Anxiety
Psychosis
Seizures
Spasms
Conditions without disconcerting feelings of lethargy or dysphoria.

With time more and more studies will conclude or dismiss other conditions like arthritis, diabetes, alcoholism, MS, chronic pain, schizophrenia, PTSD, depression, antibiotic-resistant infections, epilepsy and even cancer.

PurePay As Your CBD online Payment Partner

Now you have a clear understanding of not only what CBD is and why it has a high risk payment processing, but why PurePay is the best choice for CBD Merchant Accounts. We understand your needs and business like no other and will work 24/7 for you and to get you the best terms.

So get in touch with us today!