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High-Risk CBD Merchant Account

CBD Oil has been a hot and trending industry in the past few years. However, not every state in the USA is allowed to sell CBD oil. Due to CBD’s ingredient and how it was produced, some states are prohibiting the retail sale of CBD Oil based products.

Why sell CBD Oil?

Some industry research support the claim that CBD (Cannabidiol ) or have the medical benefit, since medical marijuana became legal in many states. CBD oil with low dose of THC (tetrahydrocannabinol) or without THC will not cause high or addiction, which is the main reason that many CBD oil user are aim for. Depends on how CBD oil are produced, CBD oil has the following characteristics:

  • High price
  • High market demand
  • High Profitable Margin
  • Variety of ingredient
  • Variety of products available

Regardless the legal issues in the individual state government, CBD Oil is known and used by many people for their own purpose. It’s primarily due to its’ pain relief capability for both human and pet. So it’s popularity has grown faster than other supplements industry-wide, such as Peptide supplement.

Why is selling CBD a high-risk business?

Many banks, payment processors and payment gateways consider selling CBD a high-risk business, because CBD isn’t legal in some states. The liability, the cost of the product and high chargeback rate makes selling CBD oil a very high-risk business.

Most merchants that look to sell CBD Oil online or in a retail environment do not know that it is extremely difficult to get approved for a CBD Oil credit card processing merchant account. Currently, processors in the USA don’t knowingly approve merchants that sell CBD Oil-related products online. Many retail stores are selling CBD Oil along with e-cigs, cigars, glassware, pipes, and many smoke related products. It’s only a matter of time before their merchant account provider realizes that they are selling any CBD Oil high-risk product. It is very likely, a retail business that sells CBD Oil will get their merchant account shut down if they are working with a standard domestic processing solution.

Why apply for Moneck merchant account?

Moneck Payment Solutions has a perfect solution for selling CBD oil online  (eCommerce) or in retail store. We have the right type of payment solution, both credit card processing and eCheck, that will approve and support merchants that sell CBD Oil. The CBD Oil credit card processing merchant account and the eCheck solution offered through Moneck Payment Solutions is highly compatible with many of the most popular shopping carts, such as Woo Commerce, Big Commerce, Shopify, Magento, etc. Moneck also offers retail stores selling CBD Oil good available options for processing payments.

Moneck payment solutions offer a great package that allows the merchant to sell CBD Oil in United States. Here are few things that you need to know before you apply one.

  1. A US based bank account
  2. A shopping cart that allows third-party payment gateway to process credit card transaction. Ex. Shopify.
  3. Be careful when using a domestic USA processing solution when selling CBD Oil online, or through in-store retail because once the processor discovers the sale of CBD Oil the merchant account is likely to be shut down immediately.

Moneck Payment Solutions helps CBD Oil merchants get approved for a high-risk merchant account, and their payment solutions are able to integrate with third-party shopping carts to allow you to accept both credit card and ACH eCheck Payment.

Grow CBD oil business

A number of our existing CBD Oil retailers are processing more than $30,000 a month. Moneck is an industry leader in providing high-risk merchant account with fast approval and lowest rate possible.

Here are few easy steps to help you kick start:

  1. Submit Your Application. You will receive instruction on how to proceed.
  2. Prepare the proper documents. Speed up the underwriting process and get approved fast.

Moneck also offer high-risk merchant account to Peptide supplement wholesaler, retailer and travel agency that handle $200,000 monthly transaction.

I can't find a better, safer, and more compatible high-risk merchant account solution out there specifically created for CBD Oil other than the payment solutions offered through Moneck Payment Solutions. So if you are planning to increase your sales volume and want to move your inventory faster, you should get started today with Moneck's CBD Oil Merchant Account Solutions.
Chris, W
Smoke Shop Manager
* Restrictions apply. Merchant account availability, terms, pricing, & approval qualifications can change at any time. All files are subject to final approval and underwrite. Pricing/price guarantee does not apply to high-risk merchants.