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 methods
Business owners from all industries face challenges that most people are unaware of. For example, all merchants have to make sure they have a reliable way to accept and process credit card payments online – all 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, a large majority of payment processing companies are unwilling or unable to offer you their services.
However, there are ways to sell CBD products and accept payments safely and correctly. Companies selling CBD oils and drops should always choose a merchant service provider that specializes 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. This is why 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 fees and charges, and they can reduce the risk of held money and shut down 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. This is why they don’t have the tools to deal with common high-risk challenges. Using these kinds of processors increases the risk of errors, rejections, frozen funds, or even closed accounts for CBD merchants.
Instead, using a high-risk payment processing provider (using the appropriate payment gateway and merchant account(s)) permits CBD merchants and e-commerce sellers to safely and reliably process payments from their platform without worry. Specialized credit card processing allows CBD businesses to conduct sales in a safe and efficient way. Rather than worrying about the possible setbacks, working alongside an expert in the area gives you the time and peace of mind to focus on what you want to do – selling CBD drops and oils reliably online.
The payment gateway and merchant accounts you need
CBDgateways offers exceptional solutions for CBD concentrate oil and drop e-commerce sellers. CBDgateways works to provide your business with the best possible merchant account and payment gateways for your specific needs.
The significance of using dedicated payment processing for your business type can’t be overstated. By using specialized high-risk credit card processing you can avoid problems, such as account shutdowns, frozen funds, and disruption in your store’s ability to accept payments.
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 the entire payment processing side of your business is taken care of.
CBDgateways makes the process of 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. We always make sure your payment processing is secure, ensuring that you don’t face unnecessary chargebacks or payment processing issues along the way.
Contact us today for simple, accessible CBD-friendly merchant accounts and payment gateways.