As payment processing experts specializing in CBD merchant accounts and payment gateways, we can help you accept credit cards for your CBD extracts on your existing website.
At CBDgateways, we facilitate and pair our clients with CBD-friendly merchant accounts, and will 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 distillates business. If you’d like to know more about how we work with a wide range of CBD-merchant-account providers and how we can find a home for your products, please contact us today. If you’re new to selling CBD extracts, you can learn more about the payment processing side of your business below.
What is CBD?
Cannabidiol, or CBD, is derived directly from the hemp plant (which is a cousin of the marijuana plant) of the cannabis sativa plant family. CBD products are available in various forms, one of which is CBD extracts. Customers choose CBD extracts as their product of choice because of their benefits and ease of use.
CBD extracts can be ingested in a variety of ways and are often chosen because of their commonly associated benefits, such as general wellbeing and calming effects. Legal CBD products do not contain significant amounts of THC. As such, they rarely not result in feelings of drowsiness or intoxication.
Specialized payment methods
Stress-free payment processing is a crucial part of running any CBD business. Customers should always have the option to easily use credit cards to pay for and receive their goods. However, CBD businesses have unique challenges to overcome in order to provide this easy process to their buyers.
Accepting payments online is the lifeblood of any direct-to-consumer business. When obstacles arise in the payment process, they have to be resolved quickly and cleanly. In order to provide a seamless purchasing experience when you sell CBD products, you need to use payment processing providers that specialize in your industry.
The reason why you need to use specialized processors is that CBD-product sellers face specific challenges that more standard business types do not.
Why are CBD products high-risk?
CBD products are in the high-risk category due to the product category to tight regulations. This is why you have to find a suitable payment processor to work with that will help you avoid potential setbacks or issues.
For example, it’s common for high-risk businesses to experience chargebacks. However, this can cause serious issues if your CBD extract business doesn’t use CBD-friendly merchant accounts or gateways – such as closed accounts, frozen funds, or simply failed transactions.
When you sell CBD extracts, you simply need to use high-risk-friendly credit card processing.
One of the reasons why payment processors label CBD sellers as high-risk is because CBD products are tightly regulated, even if their sale is legal on a federal level. This automatically places CBD businesses in the “high-risk” category for financial institutions and credit card companies. More specifically, this means payment processors are usually reluctant or unable to work with CBD companies.
On the bright side, we’ll help you deal with those challenges. With the right partner, you’ll have a merchant account and payment gateway that is more than able to actively and reliably deal with the challenges that naturally occur with running a high-risk business. You simply need a reliable payment processing partner, like CBDgateways, that specializes in CBD e-commerce.
What your CBD extract business can do
When you sell CBD extracts, there are some do’s and don’ts you should keep in mind. For example, you really should avoid relying on standard payment aggregators, like Stripe or PayPal. While they’re well known and work exceptionally well for the vast majority of businesses, they’re not set up to deal with high-risk businesses.
Instead, partnering with a specialized payment processor that is an expert in high-risk industries provides you with a much better outcome. Ideally, you want someone that is intimately familiar with your specific business type.
Specialized, CBD-friendly processing allows you to process transactions without unnecessary road bumps. With a solid partnership, you’ll find you can sell your CBD extracts smoothly and reliably in the short and long term.
Specialized merchant and payment processing options
For CBD extract sellers, CBDgateways offers a better way to accept payments. With efficient and straightforward solutions to high-risk industry challenges, CBDgateways pairs you with the gateways and merchant accounts that suit your exact needs. The benefit of a specialized solution like this is that we are ready to help you with whatever problems you face and will offer quick and easy support. A specialized payment processing solution helps you by avoiding the common issues of excessive chargebacks or temporary issues with accepting credit cards.
Typical merchant service providers are not able to meet high-risk payment challenges as they arise. CBDgateways, on the other hand, provides you with merchant service providers and payment processor options that fit to your unique needs. As a result, you can sell your CBD extracts on your website with ease.
CBDgateways allows you to stick with the platform you already use. Whether it’s Shopify, WooCommerce, Wix, or various other e-commerce carts and platforms, CBDgateways works with you so that you can accept payments without having to recreate your site on a different platform or reconfigure a shopping cart from scratch.
Contact us today for simple, accessible CBD-friendly merchant accounts and payment gateways.