As payment processing experts specializing in CBD merchant accounts, we can help you accept payments for your CBD concentrates using your existing website. If you sell CBD products then we can help.
At CBDgateways, we facilitate and pair our clients with CBD-friendly merchant accounts, and can help you find the very best fit for your specific needs. We will connect you to the CBD payment processor that is the best fit for your CBD concentrates sales. If you’d like to know more about how we work with a wide range of CBD-merchant-account providers and can find a home for you, please contact us today. If you’re new to selling CBD concentrates, you can learn more about the payment processing side of your business below.
What are CBD concentrates?
Since we help merchants that sell all kinds of CBD products, let’s first discuss what CBD concentrates are before we jump into the payment processing side of things.
When we say CBD concentrates, we’re talking about a highly concentrated cannabidiol (CBD) product. Most CBD concentrate products come in the form of oils, waxes, shatters, or crumbles. Customers often choose CBD concentrates because they offer different effects compared to other CBD-based products.
CBD-friendly payment processing
On the payment side of things, merchants selling CBD concentrates often face challenges that more standard businesses rarely come up against. This is because CBD concentrates are derived from the same plant as more tightly restricted products. The end result is that payment processors treat CBD sellers as high-risk.
While using a more suitable CBD-friendly payment processing system helps, sellers should also pay close attention to their customers’ purchasing experience and make sure they’re happy with their products.
When your business is high-risk, there are far fewer payment processing companies that are able or willing to offer you their services. However, there are ways for you to sell your products and accept payments safely and reliably. When you’re selling CBD concentrates, you should always choose a merchant service provider that specializes in high-risk credit card processing.
Why CBD concentrates are “high-risk”
In the case of CBD merchants, selling a cannabidiol product can cause issues with many payment processing systems. It’s crucial for CBD merchants to use suitable payment processors in order for their business to run efficiently. Unfortunately, high-risk merchants can face quite a challenge when it comes to finding appropriate high-risk-friendly processing methods.
For many legal CBD businesses today, finding an online merchant account is difficult because financial institutions categorize them as high-risk. Most payment processors cater to more standard businesses. As a result, they’re rarely able to deal with the challenges that naturally happen when running a high-risk business. High-risk merchants are statistically more prone to chargebacks on credit cards and face tighter regulations than other businesses.
What to do when you’re considered high-risk
When you sell CBD concentrates you should not rely on ordinary payment processors or aggregators such as PayPal or Stripe. Using these types of processors only increases the risk of errors, rejections, and closed accounts.
Instead, using a specialized high-risk payment gateway and merchant account allows CBD merchants and e-commerce sellers to safely and efficiently convert sales from their platform without worrying about easily avoidable issues. High-risk-friendly credit card processing allows for CBD businesses to conduct sales safely and efficiently in both the short and long term.
The payment gateway and merchant accounts you need
In order to offer the best and most safe and reliable credit card processing method for CBD companies, CBDgateways vets and identifies merchant account and gateway providers that best suit the individual business’ needs.
The value of using the correct payment processing for your business type can’t be overestimated. Using a high-risk processing provider helps you avoid sudden shutdowns of your merchant account, making sure you get paid and your customers don’t have frustrating checkout experiences.
Standard merchant service providers often lead to shut-down merchant accounts for CBD sellers, since they’re not able to handle challenges that are normal for a high-risk business. CBDgateways offers personalized choices for businesses like yours, ensuring that you get the payment processing you need. With CBDgateways, you’ll rest easy knowing that the entire payment processing side of your business is well taken care of.
CBDgateways is here for CBD concentrate sellers
CBDgateways makes it simple for your CBD business to use popular e-commerce platforms and carts such as Wix, Shopify, and WooCommerce. Contact us below so that you can easily use the platform and carts you’re familiar with while still accepting credit cards.
CBDgateways will make sure your payments are processed safely and reliably, making sure you don’t face unnecessary chargebacks or payment processing issues.
Contact us today for simple, accessible CBD-friendly merchant accounts and payment gateways.