First, your business must find a CBD merchant account provider. Highest reviewed credit card processor. Stellar Financial Track Record. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD merchant account approval process started. If you are a CBD e-commerce or retail business we offer payment processing and so much more! From risk management and regulatory oversight, to rich customer analytics and chargeback prevention, find out why DigiPay is the best partner for your CBD business. High-risk payment processors have additional privileges to process transactions for merchants in industries that carry a potential risk of frequent chargebacks, fraud, and legal concerns. com to get approved for CBD merchant accounts without challenges. In this blog post, we'll take an in-depth look at 7 simple yet effective tips that will help ensure that you get the right CBD merchant processing services for your business. 25 per transaction. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. G. Transaction fee: 4. However, constraints usually come from the payment processors. The research suggests this sector will reach up to $16 billion by the end of 2025. (877) 441-6801. In 2019, Shopify began supporting the sale of hemp and hemp-derived cannabidiol products. Keep in mind that Shopify has only opened this up. The FDA has gone after. Get Approved & Start Processing with Peace of Mind. Square Payments. BigCommerce CBD Limitations. 5% + 10¢. In addition to providing extra flexibility with the use of your. PayKings is among the most respected and knowledgeable CBD payment processing companies in the industry. 3% total Δ9-Tetrahydrocannabinol concentration. S. Within this labyrinth of legal intricacies, one significant hurdle stands out: payment processing. A merchant account is a specific type of bank account that allows merchants to accept payments. payment gateways, credit card processing, chargeback alerts & instant approvals. Many payment processing companies will give you instant approval without formally underwriting your business. CBD Merchant Accounts are Still Evolving. Immersed in Knowledge and Focused on Your. POS systems, payment processing for small businesses, restaurants and high risk. When applying for a CBD merchant account, it’s crucial to ensure that the payment processor thoroughly underwrites new accounts and performs enhanced due diligence. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. 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. 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. Merchant Funding. However, many providers, seeing the demand, have stepped in to provide merchant services tailored especially for the industry. 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. Why Exactly are the Payment Services Refusing to Accept CBD Transactions? The CBD industry accounted for $2 billion in 2018 1. One of the reasons not all payment processors can offer CBD merchant accounts is the sponsor banks. Best for Cannabis & Hemp Payment Processing: Canna Group LLC. We are high-risk experts with over a decade of experience providing successful solutions. Those that have had greater stability typically come with higher costs and monthly. To get a merchant account, one must submit an application with a merchant account provider. We do everything we can to make the application process simple, easy, and painless. In addition, many marketing platforms prohibit you from. 0330 122 6418; Support;. High Risk Merchant Account Specialists - From small businesses to Fortune 500 enterprises, organizations nationwide have trusted us to handle their high risk merchant accounts. S. 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. One such third-party payment provider that supports CBD payment processing on Shopify is DigiPay. PayWize is a relatively new company, but it has quickly established itself as one of the CBD merchant payment processors of choice. com is a company that provides its services to CBD. For CBD and hemp businesses that operate online, having a reliable and secure payment gateway is crucial. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. We help businesses that would normally get turned away . Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal compliance within the CBD sector. Easy Pay Direct: Best For Transparent Pricing & A Domestic Merchant Account. L. S. Merchant service providers that are willing to take on CBD accounts can be hard to find. S. to ensure. Lack Of FDA Approval. As you can see, a Stripe CBD merchant account is not specifically on this list. Moonlight Payments. Due to its relation to the entire cannabis industry, however, CBD is often seen as high risk by traditional payment processors and banks. 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. Cannabis Diverse. 99% approval Having trouble getting approved for your high risk merchant account? Did you know HighRiskPay approves 99% of all applicants! FAST APPROVAL. As a result, you get the most favorable merchant accounts available for CBD payment processing. CBD payment processors are merchant service providers that allow businesses to accept credit and debit card payments for CBD products. If your application is in full. Selling CBD is perfectly legal in the United States. No contract terms. This is a massive leap from the estimated retail sales of CBD-related consumer products back in… Read More »CBD. Card on file transactions. Read on for everything you need to know about high-risk processing. If a product has. Georginix is a big company that responds fast and gives valuable advice, but requires a compatible website and pre-approved CBD merchant processor. High Risk Pay – High Risk Merchant Account. Merchants can process Shopify CBD payments by meeting standard CBD. Payment gateways and merchant accounts are generally not CBD friendly, even. Any cannabis products that are higher than the FDA-approved percentage are not eligible for CBD merchant processing. 5. Dedicated account managers. In fact, most CBD merchants on Shopify. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. For example, CBD was not legal until 2018 and is extremely regulated due to its similarity to THC. CBD businesses are classified as high-risk, so most of the popular merchant account providers are not willing to work with CBD based businesses. We treat it just like any other American-based business. To be issued a merchant account, you must show three to six calendar months of processing history. Read Also Is Shopify Still Profitable for eCommerce. Moonlight Payments. Call us: 1(877) 441-6801. Authorize. Launching a new CBD WooCommerce website on WordPress is exciting, especially when you have a real passion for the products you sell and the customers you serve. SMS messages aren't supported. It only takes a few minutes to fill out our online application, so there’s no reason to wait. We offer lower prices than the competition and 20 years of expertise. The Importance of Partnering with a Seasoned CBD Payment Processor With greater acceptance of CBD products in the marketplace, they’ve been able to get thousands of CBD payment gateways approved. HISTORY OF CBD MERCHANT PROCESSING. This entails filling out the general form, then adding details in a more thorough merchant application. Up-to-date certificate of analysis (COA) for CBD products. CBD is one of the industries classified as “high-risk” in payment processing due to a variety of factors. It is quite an old company, established in the year 2000. Instabill also requires a six-month rolling reserve from each merchant. 98%. For this webcast, Harrison Mallen, with LimeLight, talks about the muddy waters surrounding the CBD industry in terms of banking and merchant accounts. Yes. 6%-10% processing rates due to domestic US banks relying on offshore banks behind the scenes because CBD is “high-risk”. Defend your business against uncharted fraudulent activity and chargebacks. With a staggering 1,200 sanctioned hemp processors and 1,500 approved hemp cultivators,. . Delta-8 THC is found in small percentages in most strains of the cannabis plant. Online payment processors fall into two categories: With direct processors (a. 996. 1. Durango Merchant Services: Best For Offshore Merchants. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. If you are selling CBD products online, you need a payment processor that is familiar with the industry and knows how to work with you. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin. That extends to cannabis credit card processing: a card network ban on cannabis transactions has locked state-legal THC licensees out of merchant processing services, preventing them from transacting with debit and credit cards. 0. They rely on a network of third-party processors and banks in both the United States and abroad. CBD products are not yet approved by the FDA and they are regulated by both federal and state laws. Corepay: Best For Mail-Order/Telephone Order-Only Accounts. Once you receive approval for a CBD merchant account, your payment processor will send. Tap, dip, or swipe transactions. 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. This solution is designed for those that have a brick and mortar storefront, e-commerce or offer curbside pick-up. big news is Square’s CBD program expanding to accept more merchants. CBD merchant processing has been a revolving door of bank solutions that first say. 4729 or fill out a contact form to get in touch with our sales team to learn more about our MERCHANT CASH ADVANCE and other payment solutions. Georginix is a big and responsive supplier with laboratory-tested products and integrated ship station fulfillment program, but requires a pre-approved CBD merchant processor and a $625. The online hub first approved CBD sales in 2019, and has since become a popular outlet for many CBD stores. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. PaymentCloud has one of the best acceptance percentages among CBD merchant processing systems. The average setup time is less than 2-3 business days. How To Increase Your Chances Of Getting Approved For A CBD Merchant Account Typical documentation required for a CBD merchant account is as follows: Government-issued photo identification. It boasts a 99% payment processing approval rating for its merchant clients. Individuals interested in selling merchant services will want to become an Independent Sales Organization, otherwise known as an ISO. PayKings helps countless hard-to-approve merchants get approval for a CBD merchant account with our in-house. Low Fees, That Stay Low. Bankcard International is a payment services provider that offers POS and virtual processing services for diverse industries, including the CBD sector. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin processing payments as. For example, you must have an e-commerce website, an. However, you must check with state and local CBD laws to make sure that you are selling it legally. We make it simple for you to get a CBD merchant account in as little as. We specialize in compliant processing for CBD, D8, D9, D10, Hemp, Kratom & PIN-based debit cannabis sales. 96. 2795 Openly Accepting Hemp and CBD Industry Merchants with Domestic and International Solutions Available to Fit Your Needs Learn More Get Approved with Low. Be Honest About Your Business Model Finding a high-risk merchant service provider is a rewarding feeling but it is only the initial step in securing approval. FDA approved certificate Your CBD product business plan (not mandatory but important). First, we’d talk about why CBD for sale needs high-risk merchant services. Bankcard is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. They offer tailor-made processing solutions to fit your individual business needs. So we take enormous pride in the fact we’ve served as. A Thorough Merchant Account Approval Process. A U. Best for international merchants. 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. Here are the general requirements that we will be looking for. Square CBD Fees, Rates & Pricing. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. August. 840. Shopify’s payment processor doesn’t support CBD stores. 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. net, while not directly accepting CBD merchant accounts, will offer their services as a gateway on your Miva site. First and foremost, you need a processor that securely handles high-risk merchant transactions. 10. This means merchants in the field can’t secure payment processing for CBD businesses easily. 75% rate comparable to a low-risk merchant account. We can help you navigate the complexities of CBD payments, identify suitable payment solutions. Best CBD Merchant Account Provider: Moonlight Payments. A merchant account is a kind of non-banking account, which allows merchants to accept payments via many different methods, usually credit or debit cards. Very few credit card processors allow CBD companies to use their services or to be approved for merchant accounts. 3. Let’s explore the standard three steps involved in obtaining a CBD merchant account for WooCommerce: Step 1: Apply for a CBD Merchant Account. Call Now: 1-888-839-8688. You need to submit the application form and supporting documents. Each industry has valuable tips on how to minimize the risks associated with their online payment process. To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. Applications take an average of 15 days for approval. Below are the rates: Online Purchase: 4. PaymentCloud: Best For High-Risk Businesses. They need to submit more information about their products. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. It provides hardware and software. In addition to higher processing rates, CBD merchants may all see increased chargeback fees, PCI compliance fees, early termination fees, and even merchant account reserve withholdings. “BigCommerce Goes Green“. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. At Corepay, we specialize in high-risk processing, with. Adhering to these standards is challenging with a cash-only or self-managed payment processing strategy. Be denied services completely. Also, EMB’s payment gateway is now fully integrated with Shopify to support CBD payment processing. Research necessary regulations. S. The fact that CBD is manufactured from the hemp plant makes the industry a high risk one. Here are brief overviews of the seven best merchant account providers in the industry that accept CBD merchants: 1. 5% + 15 cents when you manually key in a transaction. And since we have a 99% approval rate, there. Here their processing company will collect the necessary information. However, like other high-risk businesses, CBD merchants have to undergo a. CONTACT INFO (800) 956-1277. Seamlessly integrate with over 70+ online shopping carts. Even so, these processor have policies regarding CBD credit card processing that change frequently and often without notice. The company does not charge any setup fee, and merchants are offered free EMV-compatible terminals for their accounts. Unlike other types of merchant accounts, CBD merchants must undergo heightened due diligence. We’re experienced in placing Cannabis merchant accounts, and, because we are a broker we have many Cannabis payment processing options at our disposal. Limelight is a perfect choice for predicting your promising earnings and plug into your fulfillment houses. The landscape is changing every day in the processing world. A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. Besides leasing POS systems, Bankcard International offers several CBD payment gateways and integrations with e-commerce platforms like Shopify. PaymentCloud:. Research necessary regulations. As you can imagine, there are hundreds of different merchant category codes. Accepts start-up businesses. CBD and THC are marijuana-derived, but cannabis has 0. 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. Our highly trained staff is here to answer all your questions about CBD merchant account, pricing, contracts, and other services. Banks underwrite and subcategorize CBD. PayKings understands the unique needs of different CBD Oil related businesses and has established 24+ acquiring banking relationships to become the experts we are in getting CBD Oil merchant accounts accepting online payments. This is a major concern for CBD merchants when processing credit card transactions for CBD purchases. Vape, Glass, CBD and Kratom Approved. DigiPay is fully integrated with. Payment Gateway Processor: When To Use One For Your Business. EMB offers CBD-friendly merchant accounts to businesses in nations all over the globe. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. The CBD processor HighRiskPay. Prior to applying for merchant accounts, you should ensure they have several months of good processing histories and few chargebacks. Also, only CBD products derived from EU-approved strain of the hemp plant with < 0. If a product has been added that has a higher THC level greater than . 4. We make setting up a CBD merchant account a quick, hassle-free process. This is possible because hemp contains less than 0. Nick B. Summary: Although CBD was completely legalized in 2018 with the U. CBD is legal to buy, sell, and use in a limited number of countries and. This provider specializes in hard-to-approve business types and can currently supply kratom merchant accounts, Hemp merchant accounts, and even CBD merchant accounts. (516) 217-1989We’ve simplified CBD merchant accounts & payment processing. PaymentCloud. As CBD merchants are considered high-risk businesses, many credit card processing providers and payments processors will not allow CBD merchant accounts. eMerchantBroker – Based in Los Angeles, eMerchantBroker offer high-risk merchant accounts for CBD oil and hemp retailers. Auto transport merchant account and consulting services. Like most high-risk merchant account providers, PaymentCloud is not a direct processor. For many CBD business owners, this is a welcome development. PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. debt related services, CBD, kratom, cannabis, health supplements, or businesses that have an elevated risk of. Therefore, CBD remains high risk or hard to place. Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. Companies must also. In late 2018, the U. Most tier-one banks and payment processors will consider CBD a high-risk industry, which can make it difficult to obtain a merchant account to sell CBD online, especially if you sell directly from your own site. SMB Global: Best for international merchants. Credit card payments are deposited through ACH directly into the account. 8. 2), an acquiring bank is required to put a merchant on the MATCH list if the merchant’s account was terminated for any reason on the list, and they must do so within five days of termination. Now CBD is categorized as a high risk company regardless of what kind of CBD products you bring in your online store. Be charged higher pricing for credit card processing. Our payment processing services offer fraud protection to secure your account and your cardholder’s data. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. 9% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (invoices only), and 3. 25% - 6. 2. If you’re serious about taking your CBD business to the next level and establishing a payment processing solution that will last as long as you do, contact us today. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. 1. According to research in 2021, almost 57% of total payments were made by credit or debit card, making it necessary for every business to enable card payments. If you’re serious about taking your CBD business to the next level and establishing a payment processing solution that will last as long as you do, contact us today. 0That’s why our paths crossing and you choosing the best in CBD merchant processing is so valuable. 6% + 10 cents for every tap, dip, or card swipe that happens in person. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. Setting up your website right will give you a big advantage in being approved for merchant processing through your e-commerce website. This requires that CBD businesses set up a CBD merchant account specifically for the. Then connect your store to your CBD dropshipping supplier’s system and boom. Elimination of unnecessary hours you and your team spend on invoicing, billing, and payments, so you can focus on what matters the most – growing. Merchants with businesses that require high risk credit card. 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. 6. Application – Apply to receive a payment processing account. These accounts are typically offered by specialized payment processors that specialize in working with high-risk businesses. You can fill out an online form detailing information about your business and CBD products. Pretty standard application process, but they can get you up and running pretty quickly. Securing CBD oil merchant processing can be very difficult. 4. Soar Payments: Best for. Most of all, you need a HIGH RISK MERCHANT ACCOUNT provider that provides stable solutions and great rates. Easy Pay Direct: Best for Scaling High-Risk Businesses. Need a Merchant Account for your CBD Online Store? High Risk Merchant Account & Payment Gateway Provider⚡ Instant Approval Contact us ☎ (800) 956-1277. Products Approved: Hemp-Derived Flower, CBD Oils & Tinctures (Human), CBD Oils & Tinctures (Pets), CBD Topical. CBD sellers cannot process electronic payments without a merchant account. Trustpilot. The best CBD payment processor helps you get approved fast for your CBD merchant account. You must have a pre-approved CBD merchant processor to partner with this CBD dropshipping supplier You must place and pay for your first order when joining To join the Joy Organics Partners Fulfillment Program, they charge your credit card $625. Credit Cards; Online. Many people think that faster is better, but that's not necessarily true. 3-5 business day approval process after your approved paperwork is complete and submitted. Our merchant services incl. Here are the best marijuana payment processing companies & the truth about credit cards. If you sell CBD oil, vapes, extract, or edibles and have trouble getting approved for a merchant account, eMerchantBroker is a good option. Any CBD owner knows that merchant processing is challenging and there have not been many stable solutions. Looking for high risk CBD merchant services? Contact High Risk Payments today to learn more about our tailored solutions for CBD merchants. CBD, or cannabidiol, is an element of the cannabis plant that does not get you high like THC. Card brands such as Visa, payment processors, and even the IRS use MCCs to identify the type of business they’re working with. This entails filling out a general form, then adding details to a more thorough merchant application. Banks underwrite and. We offer a quick and painless approval process. A Shopify CBD payment processor gives you the ability to accept payments online. We offer fair, transparent pricing for high-risk merchants, starting from 1. 7-14 day approvals, worry free merchant accounts, and hands-on customer support. Charlotte's Web provides a dropshipping program with a wide range of products,. They might take you on at. A full-service CBD payment processor will also be able to tweak their programs, should any changes occur in the payment market. Just make sure to follow FDA regulations to ensure your CBD business is approved for a merchant account to sell. 1. If you meet all of these requirements you are ready to. 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. As a result, many banks, payment gateways, and payment processing companies categorize CBD sales as high-risk transactions and don’t support them. Elevated Processing offers: High Approval Rates: We have established relationships with banks that are familiar with and open to the CBD and hemp industry, ensuring higher approval rates for merchant accounts. 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. We don’t discriminate. Approval Timeline For CBD Merchant Account. Shopify currently recommends two CBD payment processors - DigiPay and Sezzle. k. Also, it’s recommended to speak to a lawyer about the regulations in your state and to verify compliance. Square CBD Merchant Services. High Transaction Volume. As a result of increased pressure from U. This article will discuss the key factors that banks look for when approving CBD merchants for online processing. ECS’s services and solutions include: Credit card processing. Elavon was responsible for a rumored 90% of online CBD merchant payment processing in the United States. 8% + $0. CBD businesses can get approved in as fast as one day. As an online CBD merchant, it can be challenging to find a bank that is willing to accept your business. Helping CBD merchants get approved quickly with competitive rates. Our dedicated staff is familiar with the Cannabis merchant processing industry and is always updated on changing legislation and how it affects your business. Hemp Oil Tinctures Our esteemed banking relationships have been carefully developed over time. [2] CMS-Connected. Be charged higher pricing for credit card processing. You can then use Authorize. However, most banks and processors still do not allow CBD merchants on their platforms. Merchant service providers that are willing to take on CBD accounts can be hard to find. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. That’s why it’s critical to turn to a reputable credit card processor like emerchantbroker. Electronic checks also process quickly. . Those high risk merchant account providers, like PayKings, that are willing to process transactions for your high risk business are offering solutions to those merchants like yours in the CBD oil industry –. Choose and sign up with a payment processor that supports CBD stores. 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. Joining their program requires a pre-approved CBD merchant processor and a $625 fee. 1. 2. Whether you are a startup CBD merchant, a mid-sized business or a publicly. These are NOT the cannabis plants grown for marijuana and hashish. Application – Apply to receive a payment processing account. This includes processing for hemp wholesale, distributors, sellers of hemp-derived products, or other. Low Rates & Fast Approvals. Clover POS: Best For Sophisticated Processing Hardware. PayKings is one of the best high risk merchant solutions for your expanding. Delta-8 THC is one of the four most common cannabinoids. For online CBD suppliers, finding a payment processor amenable to cannabis commerce has been an uphill battle. Provide us with your info to get started and a payments expert will contact you. Credit card payment processing companies facilitate high-risk merchant accounts with their special bank privileges to process digital transactions for industries, merchants, and products that carry the risk of frequent. 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. Mon - Fri: 9:00 am - 5:00 pmHemp is federally legal in the U. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. Whether you are a startup CBD merchant, a mid-sized business, or a huge company processing millions per month, you can get a CBD account easily. Welcome to the B. A payment processor will have special privileges with banks to become an approved CBD merchant processor to facilitate high-risk credit card transactions. But proponents claim it can have significant health benefits. Bank statements will likely be requested (again, prepare at least three to six months’ worth). 1952. Square CBD is a legitimate payment processor for CBD businesses. S. Charlotte's Web products may help with marketing and increasing sales. 101—10231. CBD merchants who sell hemp-derived CBD products at less than 0. Supported industries: Adult services, CBD, online dating, vape sales. 3 percent THC. GET STARTED. Best for Cannabis & Hemp Payment Processing: Canna Group LLC. Instabill also requires a six-month rolling reserve from each merchant. 2 Best for External CBD Products: PaymentCloud. CBD merchant accounts are payment processing accounts specifically designed for businesses that deal with CBD products. 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 . Apart from good integration options, reliable eCommerce payment processing accounts offer APIs to speed up transactions and more. Let’s Talk About the CBD Industry.