As payment processing experts specializing in CBD merchant accounts, we can help you accept payments for your CBD assorted topicals using your existing website. If you sell CBD topicals, lotions, sprays, and ointments, then CBDgateways 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 high-risk payment processor that best fit your CBD topicals, lotions, sprays, ointments, and other CBD skincare products. 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 topicals, you can learn more about the payment processing side of your business below.
What are CBD topicals?
CBD topicals are products such as lotions, sprays, and ointments containing cannabidiol (CBD). CBD topical products can be applied to hair, nails, and skin.
There is quite a wide range of CBD topicals, the most common are various beauty or skincare products for people. However, CBD lotions and oils for pets are now making their way into the marketplace. This makes the CBD topicals market one of the larger spaces for CBD products.
Specialized payment methods
Merchants from all industries face their own unique problems – ensuring that you get paid at the end of the day is the building block of any successful business. Merchants who sell CBD products in general, or CBD topicals in particular, face challenges that other e-commerce businesses don’t.
CBD topicals, like lotions, sprays, and ointments, are not yet approved by the FDA. This is one element that sets them apart from other lotions and skincare products. This distinction, as well as being a tightly regulated product category, makes credit card issuers and financial institutions categorize CBD merchants as high-risk.
What high-risk means for CBD topical sellers
As payment processing companies need to calculate and manage risk on their end, most standard processors are either unable or choose not to work with high-risk businesses. Now those merchants have to go somewhere else to find a payment processing service that meets their needs. Even for legal merchants selling CBD topicals, finding an online merchant service provider can be tricky.
This is why it’s crucial to learn about the fact that you are a high-risk business when you sell CBD topicals. When you have that knowledge, you can find and seek out high-risk-friendly, not to mention CBD-friendly, credit card processors.
CBD e-commerce dos and don’ts
Just like any successful e-commerce business, CBD topical sellers need payment processing from a company that understands their business and its unique quirks.
CBD business owners need to avoid payment aggregators such as PayPal and Stripe. Trusting these general processors, even though they’re fantastic for most businesses, can result in closed accounts or even frozen funds for high-risk businesses.
Instead, using high-risk credit card processing allows CBD e-commerce sellers to safely and efficiently sell their products without worrying about processing problems.
The high-risk-friendly payment method you need
At CBDgateways, we offer a great route for businesses that classify as high-risk merchants. We achieve exceptional results by pairing you with merchant account and payment gateway providers that specialize in meeting needs like yours. We created this safe and reliable pairing method specifically for high-risk sellers of CBD topicals and other CBD-based products.
Having a reliable payment method is vital for any business. Other, more standard, payment processors can’t handle CBD topical accounts because they’re high-risk and they simply can’t meet the challenges high-risk businesses face. By recommending CBD-friendly payment processing, we make sure that your business is fully taken care of, leaving you to focus on the things you want to – without worrying about payment issues.
By using a payment gateway or merchant account recommended by us at CBDgateways, you can easily use e-commerce platforms and carts such as Shopify, Wix, and WooCommerce to run your online store. We make sure everything works correctly while tailoring it to your needs. In addition, as credit card processing is high-risk friendly, it offers safety and reliability. This ensures that you won’t face unnecessary chargebacks or transaction issues. As a result, high-risk business owners like yourself can relax, knowing that CBDgateways make your job easier.
Contact us today for simple, accessible CBD-topicals-friendly merchant accounts and payment gateways.