Although finding a credit card machine for a CBD business can be difficult, there are options available to UK based retailers. Our experts will guide you through from application stage to delivery of the terminal. To start your CBD application with a UK based provider, speak to us today.
CBD stands for cannabidiol, which is one of the compounds found in cannabis. CBD oil is rising in popularity both in the UK and worldwide. The press widely report on the potential health benefits, but also the possible risks when using CBD products, hence why the sale of the oil is controversial.
When making an application to a CBD payment processor, it’s essential that your case is packaged correctly, giving you the highest chance of being accepted. Listed below are examples of what would be expected in a successful CBD oil merchant account applicant;
High risk accounts often take longer to settle into your business bank account, due to the nature of the payments and the limited providers available. Merchant Advice Service has an approved partner who will offer the same day settlement, dependant on your monthly turnover. Speak to our advisors to find out more.
From time to time merchant banks change their criteria and attitude to risks. Subsequently CBD merchant accounts and payment gateways can be terminated. Businesses could of had an account approved by PayPal and then received notice quite quickly OR they could have been processing card payments for some time with a bank such as Viva Wallet, who changed their guidelines meaning CBD accounts are no longer acceptable.
IMPORTANT – cannabis oil merchant card services applications can only be accepted with products that contain less than 0.2% THC. We are unable to assist merchant selling above this level. Speak to our experts in relation to your requirements to find the most suitable cannabis payment solution for your business needs.
Either way companies have other options available to them. For alternative CBD payment gateways and merchant accounts speak to our experts today.
Create an account instantly and start accepting payments. You can also contact us to design a custom package for your business.
We strive to provide the best CBD merchant processing in the industry with low rates, high approvals, and easy setup. See why our merchants come for the approvals and stay for the rest.
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CBD eCommerce Integrations
PaymentCloud is fully equipped to provide merchant accounts for CBD with great rates and support because we integrate directly into the software and tools that you already use. This allows a seamless connection between your new payment processing support and your current website. This helps us be the leader in providing CBD merchant accounts for our happy clients. We can hook into your current terminals, your website, and even your accounting software. Let us know what you use and we’ll be happy to help.
A significant portion of CBD payment processors will operate using API integration, which is the most common payment gateway of them all. A major benefit of using API is that a payment gateway of this kind can be monitored by you, the business owner, as well as provide you with an insight into how the ecommerce store looks from a customer’s perspective.
With that being said, it is best to refrain from using a CBD merchant processing system that requires you to use their existing platform. Instead, opt for a company that enables you to integrate their CBD credit card processing system seamlessly with a broad scope of ecommerce software.
4. Low fees.
Presenting clients with a unified commerce strategy, this CBD payment professor supports various payment methods including ACH, credit cards and debit cards. NMI provides detailed insights into transactions, of which can be managed in conjunction with BigCommerce.
Ask yourself if you can afford to pay the specific percentage that your preferred payment gateway will deduct from you for each transaction. If it does not work well with your profit margins, search for a service provider elsewhere.