As payment processing experts specializing in CBD merchant accounts and payment gateways, we can help you accept credit cards for your CBD oils and drops while using your existing website.
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 processors that best fit your CBD oils and drops business. 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 your products, please contact us today. If you’re new to selling CBD oils and drops, you can learn more about the payment processing side of your business below.
What are CBD oils and drops?
CBD oils and drops are concentrated forms of hemp-derived CBD that do not provide psychoactive outcomes and don’t commonly cause the same drowsiness or intoxication often associated with other forms of cannabis. People often purchase CBD oils and drops because they’re looking for calming effects associated with CBD, as well as looking to alleviate stress, anxiety, or joint pain.
Specialized payment processing for CBD oil websites
Business owners from all industries face challenges that most people are unaware of. For example, e-commerce businesses must ensure a reliable way to accept and process credit card payments online while offering a smooth shopping experience.
Merchants who specifically sell CBD oils and drops to consumers face challenges that more standard e-commerce stores do not. Since CBD oils and drops are derived from the same plant as other more restricted products, payment processors treat CBD sellers as high-risk. When your business is high-risk, most payment processing companies are unwilling or unable to offer you their services.
However, there are reliable ways to sell CBD products online by accepting credit card payments. Companies selling CBD oils and drops should always choose a merchant service provider specializing in high-risk credit card processing.
Why CBD concentrates are in the high-risk category
In the case of CBD merchants, the label of being a cannabidiol product seller causes issues with many of the biggest payment processing brands. CBD sellers need to find and use suitable, specialized payment processors. By using specialized credit card processing, CBD businesses can run efficiently and make sure they don’t pay unnecessarily high charges, and they can reduce the risk of held deposits and shut down merchant accounts.
For many legal CBD businesses today, finding an online merchant account is difficult because they’re often unaware that they are in the high-risk category. Most payment processors do not specialize in dealing with the challenges that naturally happen when running a high-risk business. High-risk merchants are historically more likely to experience chargebacks and face tighter regulations than other businesses. As a result, this often makes standard payment processors either unable or unwilling to offer CBD businesses their services.
What to do when you’re considered high-risk
High-risk business owners should not rely on “conventional” payment aggregators or solutions, such as PayPal and Stripe. Although these platforms are popular, they aren’t suitable for the CBD industry. Using these processors increases the risk of errors, rejections, frozen funds, or even closed accounts for CBD merchants.
The CBD payment gateway and merchant account you need
CBDgateways offers exceptional solutions for CBD concentrate oil and drops e-commerce sellers. CBDgateways works to provide your business with the best possible merchant account and payment gateways for your specific needs.
CBDgateways offers businesses like yours individualized choices to make sure you get the payment processing that suits your business. With us, you’ll rest easy knowing that your business’s payment processing is taken care of.
CBDgateways makes using popular e-commerce platforms and carts such as Wix, Shopify, and WooCommerce simple for your CBD oils and drops business. Contact CBDgateways so that you can easily use the platform and carts you’re familiar with – while accepting credit card transactions.
Contact us using the short form below for simple, accessible, CBD-friendly merchant accounts and payment gateways.