CBD Merchant Account & Credit Card Processing

Sep 29, 2020

Online sales are growing all around the globe. The majority of customers like making payments via credit cards, so you can’t do without online payment processing for your CBD business. This article is about obtaining a secure and cheap CBD merchant account to accept payments online. 

Credit Card Processing for a CBD Business

The risks associated with CBD businesses make your situation alerting for traditional banks and financial institutions. That’s the reason why CBD businesses are tabbed as high risk, thus making it more challenging to open a merchant account for credit card processing. 

This is good news for your customers since the absence of credit card processing solutions will make them frustrated and choose your competitors. Usually, customers who don’t use cash put the product back and leave the store that’s not offering online payment processing options. This is harmful for your business because the inability to accept payments over the internet will result in lost purchases. 

CBD Merchant Account

Increasingly, more and more online businesses are adding CBD to their eCommerce stores. The growing sales of CBD businesses is making the demand for online CBD payment processing increase.

Let’s see who can help you with accepting credit card payments in the high risk field because your type of business is considered high risk. For this, you just need to shop around and find a processor that offers the best possible CBD merchant processing services in the industry. 

Consider working with a true high risk payment processor like eMerchantBroker.com that specializes in the high risk field. EMB, voted the #1 high risk processor in the U.S., provides the most advanced and cheapest CBD merchant account in the space. 

If you want to guarantee smooth operation for your business, you should work only with a reputable merchant processing specialist like EMB in the high risk field. Every business is different. eMerchantBroker.com always listens to every business owner to know his/her pain points so that to provide the best solution for his/her business needs.

So, CBD eCommerce is labelled as a high risk business, which creates challenges for CBD merchants trying to get paid for online sales. Thankfully, there are respectable high risk processors that can help you grow with success.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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