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Best CBD Payment Processors

Best CBD Payment Processors

Navigating the world of CBD payment processors can feel like navigating a labyrinth, but don’t worry, you’re not alone. These processors are your lifeline when it comes to accepting payments in the high-risk yet lucrative CBD industry. They’re the gatekeepers who ensure your transactions are smooth, secure, and compliant with industry regulations.

Our guide will spotlight some of the best in the business, such as Inovio, Bankful, Merrco Payments, and PayKings. You’ll also learn what to look for in a processor and how to choose the one that’s right for your business.

Let’s dive in and demystify CBD payment processing.

Key Takeaways

  • CBD industry is considered high-risk due to regulatory uncertainties and chargeback issues
  • CBD businesses require a high-risk merchant account specializing in CBD merchant processing
  • CBD payment processors should be able to handle high transaction volumes in the growing CBD market
  • It is important for CBD payment processors to have experience and provide customer support in handling chargebacks and disputes

Understanding CBD Payment Processing

While you’re navigating the complexities of the CBD industry, understanding CBD payment processing becomes a crucial part of ensuring your business’s success. The CBD industry is labeled high-risk due to regulatory uncertainties and chargeback issues. Therefore, operating with a standard payment processor is often not an option. Instead, you need to opt for a high-risk merchant account specializing in CBD merchant processing.

Finding the best CBD payment processors is no small feat. You need to consider their ability to handle high transaction volumes, especially given the CBD market’s projected growth to $47.22 billion by 2028. Additionally, they should be able to integrate with your current business platform and offer point-of-sale availability.

Your chosen CBD payment processor should also have a solid understanding of the industry and its unique challenges. Their experience can guide you through risky transactions, helping your business operate smoothly despite potential obstacles.

Another critical aspect of CBD payment processing is how the processor handles chargebacks and disputes. This is where robust customer support becomes invaluable. You need a processor that’ll not only handle these issues efficiently but also provide guidance to prevent future disputes.

Requirements for High-Risk Processors

When you’re in the CBD industry, choosing a high-risk payment processor isn’t just about convenience. You’ll need to secure high-risk account approval and ensure the processor’s security features are top-notch.

This involves understanding the processor’s protocols and safeguards, as well as how they handle account approval.

High-Risk Account Approval

To get approved for a high-risk CBD merchant account, you’ll need to prove your business can effectively handle high-risk transactions. This high-risk account approval is part of the underwriting process your merchant account provider will conduct. They’ll evaluate the risk associated with your CBD business and the potential for chargebacks.

CBD payment processors will also look at your business model, financial stability, and credit history. They want to see that your CBD business is legitimate and that you’re running it responsibly. Providing comprehensive and accurate documentation will help speed along the approval process.

Processor’s Security Features

You’ll find that the best CBD payment processors prioritize top-notch security features due to the high-risk nature of the industry. These processors’ security features include robust encryption and data security measures, ensuring protection of sensitive customer information during CBD transactions.

As part of their payment processing services, these processors offer chargeback protection and fraud prevention services, mitigating risks for CBD merchant accounts. Compliance with industry standards like PCI DSS is also vital, ensuring secure handling of payment card data.

Lastly, these CBD payment processors provide secure payment gateways, resistant to potential cyber threats and attacks. This is crucial given the high-risk nature of the CBD industry, ensuring your customers’ data is always safe.

Features of Ideal CBD Payment Gateways

When choosing the perfect CBD payment gateway, you can’t overlook the importance of solid security measures.

An easy user interface is equally crucial, as it promotes smooth transactions and enhances your customer’s experience.

Let’s explore these features more closely.

Security Measures

Consider the security measures of your chosen CBD payment processor. The best CBD merchant will prioritize features such as personalized customer service, 24/7 support, and chargeback alert systems. These safeguards are crucial for smooth CBD credit card processing.

Your payment processing company should also effectively handle high-risk CBD payments and integrate well with your current platforms. This is essential for the best payment service.

Moreover, look for a processor with point-of-sale availability and the ability to handle high monthly transaction volumes. Security measures also include customizable merchant processing options and a reliable payment gateway.

These features allow your company to securely accept online payments for CBD products, ensuring your business runs effectively and your customers are protected.

Easy User Interface

An easy user interface is key in choosing a CBD payment processor, as it simplifies your transactions and improves overall customer experience.

Easy Pay Direct, for instance, is one of the CBD payment processors with an intuitive user interface. It seamlessly integrates into your platform providing a streamlined payment solution. This service helps you process transactions efficiently, whether you’re running an online or physical store.

In the high-risk CBD industry, a merchant account for CBD with a user-friendly interface is crucial. It allows you to monitor high-risk transactions, manage credit card processors, and keep track of your expenses.

Moreover, choosing a processor with 24/7 support ensures you’ll get help whenever needed, further enhancing your experience.

Profiling Top-Rated CBD Processors

You’re likely wondering about the top-rated CBD processors, so let’s dive into profiling PayKings, Inovio, Bankful, Merrco Payments, and NMI. These names are among the best CBD payment processors, offering solutions tailored specifically for the CBD industry. They understand the high-risk nature of the business and are prepared to provide immediate processing at competitive rates.

PayKings tops the list with its customizable CBD merchant processing options. As a business owner, their services will help you recover and maintain your CBD merchant account, despite the higher fees associated with high-risk industries. They ensure that you can sell your CBD products online securely, accepting both credit and debit card payments.

Inovio, on the other hand, is known for its robust CBD processing services. They offer an easy-to-use platform that enables you to manage your finances and transactions effectively. Their services cater to businesses of all sizes, making them a popular choice for CBD online merchants.

Bankful and Merrco Payments offer similar services, providing reliable payment processing solutions for high-risk merchants. They assure secure, seamless transactions, letting you focus more on growing your business rather than worrying about payment issues.

Finally, we’ve NMI, a top-rated CBD processor that provides integrated payment solutions. They’re known for their ability to streamline the payment process, ensuring smooth transactions for both merchants and customers.

In-Depth Look at Inovio

Diving deeper into Inovio, let’s unpack why it’s such a standout choice for CBD payment processing.

When taking an in-depth look at Inovio, it’s apparent that this company stands tall among the best CBD payment processors. It specializes in high-risk transactions, a niche that includes CBD sales, which displays its understanding of the unique requirements of a CBD company.

Inovio’s services aren’t just efficient, they’re tailor-made for your business. The company offers personalized customer service, ensuring that you’re not just another account, but a valued partner. This focus on client relationships sets Inovio apart in the field of payment gateways.

One of Inovio’s key strengths is its 24/7 support. In the fast-paced, ever-changing world of CBD sales, having a reliable team at your back day or night can make all the difference. Whether it’s a technical glitch or a regulatory query, Inovio is there to help you navigate the complexities of Payments Online.

Processing CBD transactions need to be immediate, and Inovio ensures just that. With their smooth application processes, you won’t be left waiting for your money. Instead, you can focus on what you do best: growing your CBD company.

Inovio’s reputation as a trusted and experienced payment processor is well-earned. They’ve proven themselves capable of handling the unique challenges of CBD sales, making them an excellent choice for CBD businesses seeking reliable payment solutions.

Exploring Bankful’s Services

Transitioning from Inovio, let’s now delve into Bankful’s services, another top-notch CBD payment processor you should consider for your business. When exploring Bankful’s services, you’ll find they offer a comprehensive solution tailored to the needs of this high-risk industry.

Bankful’s standout feature is its personalized customer service, available 24/7. You won’t be left in the dark when issues arise; you’ll have a dedicated team ready to assist you at any time. This level of support is crucial in the CBD industry, where the landscape is continuously changing, and quick adaptability is vital.

Understanding the challenges faced by high-risk merchants, Bankful provides immediate CBD payment processing, ensuring your business runs smoothly. Merchant accounts are typically approved within three days, a process much quicker than many competitors. This expedited service means you’ll be able to start accepting payments sooner, a key advantage in a fast-paced industry.

In terms of cost, Bankful stands out as one of the best CBD payment processors. Their competitive rates and lack of an account set-up fee make them an attractive option for businesses of all sizes. The seamless application process eliminates unnecessary hurdles, allowing you to focus on what’s essential – your business.

Bankful isn’t just a credit card processor; it’s a partner in your business. They work to understand your unique needs and provide solutions to help your business thrive. By choosing Bankful, you’re not just getting a service provider; you’re gaining a trusted ally in the CBD industry.

Merrco Payments: A Review

While you might be familiar with several CBD payment processors, it’s essential to consider Merrco Payments, a provider who’s earned a solid reputation for its personalized customer service and specialization in high-risk transactions. This company stands out among other Payment Processing Companies due to its ability to cater to the unique needs of the CBD industry.

As a CBD merchant, you know how vital it’s to have a reliable, secure payment processor. Merrco Payments excels in this regard, offering robust integration options with your existing platforms. The company’s services aren’t limited to just online transactions; they also handle point-of-sale (POS) transactions, providing a comprehensive solution for your CBD business.

The company’s 24/7 customer support is another feather in their cap. The support team is always ready to help you navigate through any issues that might arise with your account. This round-the-clock service, coupled with their industry knowledge, makes Merrco Payments a dependable partner for your business.

Cost is a significant consideration for any merchant. Merrco Payments shines here as well, offering competitive fees for their services. Plus, they provide additional services which further enhance their value proposition. To get a better idea of their pricing structure, you can request a free quote directly from them.

Analysis of NMI’s Offerings

Let’s move on to examine NMI’s offerings.

We’ll initially look at their payment gateway features and how they can streamline your CBD business operations.

Then, we’ll scrutinize the processing fees to help you understand NMI’s cost-effectiveness.

NMI’s Payment Gateway Features

Diving into NMI’s offerings, you’ll find their payment gateway stands out for its secure, adaptable, and customer-oriented features that cater specifically to the needs of CBD businesses.

Among the best CBD payment processors, NMI’s payment gateway is highly reliable, capable of handling high-risk CBD payments, both online and offline. With point-of-sale availability, it allows you to process credit transactions seamlessly, integrating with your existing platforms with ease.

Their competitive fees and customizable solutions make them an attractive choice for CBD merchants. Most notably, NMI offers round-the-clock personalized customer service, addressing your business’s unique requirements.

In a nutshell, NMI’s payment gateway features provide a robust and secure CBD payment process, making it a top choice for your CBD business.

NMI Processing Fees Review

Now that you’re familiar with NMI’s payment gateway features, it’s time to take a closer look at their processing fees in the context of the CBD industry. In the high-risk industry that CBD products fall under, it’s vital to evaluate NMI’s offerings compared to other payment processors.

A comprehensive NMI processing fees review is crucial to understand the cost implications and potential savings for CBD merchants. Being one of the best CBD payment processors, NMI’s fees need to align with the unique needs of CBD businesses.

Unpacking PayKings’ Solutions

To fully understand how PayKings can boost your CBD business, you’ll need to break down their tailored payment processing solutions.

As one of the best CBD payment processors, PayKings offers customizable solutions suited to the unique needs of high-risk businesses, including those selling hemp-derived CBD products.

PayKings excels in facilitating the quick approval of CBD merchant accounts, effectively addressing the challenge of finding a reliable provider in this high-risk industry. The application process is efficient, with PayKings pairing businesses with solutions ready to accept the liability for the increased risk associated with the CBD industry.

What sets PayKings apart is their commitment to customizing banking solutions while ensuring the lowest rates possible. This is achieved through their established relationships with over 24 acquiring banks, which provides competitive solutions and rates for CBD merchant processing. This positions PayKings as a secure and reliable gateway for selling CBD products online, a critical factor for merchants in this booming industry.

Unpacking PayKings’ solutions further, it’s clear that they prioritize security and reliability. They’re well-versed in navigating the complexities of the CBD payment process, making it easier for businesses to focus on what they do best – creating and selling quality CBD products.

Square: A Reputable Processor

If you’re looking to step up your CBD business, you can’t go wrong with Square, a reliable and experienced payment processor that caters specifically to high-risk merchants. As one of the best CBD payment processors, Square prides itself on its transparency, reliability, and personalized solutions, perfect for businesses that sell CBD products.

While CBD is still considered a high-risk industry, Square takes the risk out of CBD payment processing. With competitive rates and excellent customer service, they’ve become a trusted choice for CBD merchants. The company provides immediate payment processing and a smooth application process, both of which are vital for businesses in this fast-paced industry.

One notable feature of Square: a reputable processor, is its 24+ banking relationships. This extensive network solidifies its reputation in the CBD payment processing sector, ensuring that your transactions are secure and reliable. Furthermore, these banking partnerships help Square provide seamless services to its clients, regardless of the complexities associated with the CBD industry.

But what sets Square apart from other payment processors is its unwavering commitment to its clients. They understand the unique challenges businesses that sell CBD products face, and they’re dedicated to helping you navigate these challenges with ease. With Square, you can focus on growing your business, knowing your payment processing is in safe, reputable hands.

Spotlight on Easy Pay Direct

Now, let’s shift our spotlight to Easy Pay Direct. As an industry leader based in Austin, TX, they’ve carved out a niche in CBD payment processing.

We’ll discuss the unique features they offer, and share some user experiences and reviews.

Easy Pay Direct Features

With Easy Pay Direct, you’ll benefit from their patent-pending load-balancing feature, designed to handle high monthly transaction volumes. This is a game-changer in the best CBD payment processors market.

As a leader in CBD payment, Easy Pay Direct addresses the complexities of the high-risk industry, ensuring your business needs are met. Their competitive rates and no early termination fees add to their appeal.

Specializing in processing CBD payments for all major credit cards, they’ve got you covered for selling CBD products effectively. Easy Pay Direct’s excellent customer service and support further distinguish them among payment processors. Their extensive experience with high-risk merchants is another reason to consider their services.

With Easy Pay Direct, you’re not just getting a payment processor, you’re gaining a partner in business.

User Experiences & Reviews

Let’s dive into what users have to say about their experiences with Easy Pay Direct, shedding light on its performance as one of the best CBD payment processors.

Users commend it for seamless and hassle-free transactions, ranking it high among the best merchant service providers.

Disclosure: Our unbiased reviews further reveal a high satisfaction rate, particularly with the company’s customer service.

Finding the best processor for CBD businesses can be daunting, but many users have found Easy Pay Direct to be a reliable partner.

Its load-balancing feature, aimed at handling high transaction volumes, has been highly praised.

The company’s expertise in working with high-risk merchants also garners positive feedback.

It seems Easy Pay Direct has won the trust of many businesses as well.

BestMerchantRates: A Closer Look

As a CBD business owner, you’ll find that BestMerchantRates offers a unique blend of tailored solutions, competitive rates, and exceptional customer service. This platform understands the particular needs of CBD merchants and delivers custom-tailored solutions, making it one of the best CBD payment processors in the market.

BestMerchantRates specializes in handling high-risk transactions, a common challenge in the CBD industry. They recognize the risks associated with selling CBD products and can navigate the legal and financial complexities inherent in this high-risk industry. This understanding and expertise are paramount when it comes to ensuring your CBD payment processing is smooth and hassle-free.

When compared with other CBD payment processors like Inovio, Bankful, Merrco Payments, NMI, and PayKings, BestMerchantRates still holds its ground. They offer immediate payment processing, a necessity for fast-paced CBD businesses. Plus, their competitive rates ensure you’re getting excellent value for your money.

BestMerchantRates doesn’t stop at offering efficient payment solutions. They’re also committed to providing top-notch customer service. Whether you’re a seasoned CBD merchant or new to the industry, their team is there to guide and support you at every step.

PaymentCloud: Why It Stands Out

Moving on from BestMerchantRates, you’ll find that PaymentCloud is another excellent option for CBD businesses, specifically due to its specialization in high-risk merchant accounts. This specialization makes PaymentCloud uniquely positioned to offer CBD payment solutions that not only accept CBD transactions but also navigate the often complex legislative landscape that surrounds the industry.

PaymentCloud utilizes third-party gateway capabilities and provides seamless integrations with various retail terminals and online shopping carts. This makes it an efficient choice when you’re choosing a CBD payment processor. They stay up-to-date with the ever-changing legislation related to CBD sales, tailoring their solutions to meet the specific needs of CBD merchants.

One of the best things about PaymentCloud is the simplicity and transparency of their process. They don’t charge any account setup fees or PCI compliance fees, ensuring a smooth, hassle-free experience for you as a client. This clear-cut approach extends to their pricing models as well. Whether it’s tiered pricing or interchange-plus pricing, you have options to choose from, depending on your business needs.

Additionally, PaymentCloud offers competitive rates, making it an affordable choice. They also provide cryptocurrency processing and contactless payment options, staying ahead of the curve in terms of payment technology.

Lastly, it’s worth noting that PaymentCloud is renowned for its excellent customer support. With PaymentCloud, you won’t only get a great CBD payment processor, but also a partner dedicated to supporting your business every step of the way. It’s no wonder they stand out as one of the best in the industry.

Future Trends in CBD Processing

In your quest to stay ahead in the CBD business, it’s crucial to understand the emerging trends in CBD processing. For starters, the best CBD payment processors are those that can handle high-risk transactions. Because the CBD market is considered a high-risk industry, your payment processor must have experience with high-risk transactions. This will ensure that your business can accommodate the high demand for products containing CBD oils and other CBD products.

A significant trend in CBD processing is the integration of point-of-sale (POS) availability. This trend is driven by the growing demand for in-person purchases of CBD products. Therefore, your payment processor should be able to integrate with your current platforms and provide POS availability.

Another trend to watch is the customization of payment processing solutions. The future of CBD processing lies in providing solutions tailored to the unique needs of your business. This means working with CBD payment processors that offer customizable options such as sustainable high-risk merchant accounts. By doing so, you can ensure that your business stays adaptable and capable of handling the projected growth in the CBD market.

Frequently Asked Questions

What Payment Processor Allows CBD Sales?

You’re wondering about payment processors that allow CBD sales. There’s quite a few out there. Notable ones include PayKings, Inovio, Bankful, and Merrco Payments. Others like Leap Payments, Easypay Direct, and Centurion offer solutions too.

You’ll find PaymentCloud, National Processing, and Bankcard International among the top merchant account providers. PayKings is particularly recommended for its competitive rates and solutions.

How Do I Accept Payments on Cbd?

To accept payments for CBD, you’ll need to find a payment processor that handles high-risk products and complies with varying state laws.

Vet potential banks thoroughly and consider the associated fees.

Ensure the company integrates with your existing platform and offers multiple payment options.

Does Square Process CBD Payments?

Yes, you can use Square to process CBD payments. It’s an excellent option for businesses in the CBD industry due to its reliable services.

The text mentions Square as one of the CBD payment processors, so you might want to consider it.

It’s always recommended to explore all your options, and Square could be the ideal solution for your CBD payment processing needs.

Does Stripe Allow CBD Sales?

No, Stripe doesn’t allow CBD sales. It’s not tailored to high-risk industries like CBD and hemp products.

You’ll have a hard time finding merchant account providers like Stripe for your CBD business. Consider using PaymentCloud, National Processing, PayKings, or Bankcard International. They specialize in high-risk processing industries and could be a better fit for your CBD sales needs.


You’ve got plenty of options when it comes to CBD payment processors. Whether you’re drawn to Inovio’s reputation, Easy Pay Direct’s excellent customer service, or PaymentCloud’s tailored solutions, there’s a processor out there that fits your needs.

Remember, it’s all about finding a service that understands the high-risk nature of CBD businesses and offers features that complement your operations. So, keep exploring your options and stay tuned for future trends in CBD processing.

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Marshan B.


Marshan B.

Marshan Beals is a co-partner at Client Verge Inc. With 8 years of experience in digital marketing, his expertise extends beyond digital marketing for cannabis brands. He is also a sponsor of the High Profits ebook, available for download when you sign up for our email list.