Why buy cbd oil online payment

CBD Merchant Accounts. At Leap Payments our goal is to make sure that your CBD business can accept debit and credit card payments just like any other business can. We specialize in industries that other processors consider high risk. Leap Payments will work with you on opening a CBD high risk merchant account and keeping your account alive. With so many states allowing cannabidiol and CBD oil product sales for both medical and recreational use, the demand for payment processing in this pseudo marijuana industry is growing. However, many banks and other financial institutions feel that this industry is too high risk or potentially damaging to their reputation.

The CBD business is supposed to explode, but selling it online is still a mess

It is no secret that marketing CBD continues to rise in popularity. It has become a billion-dollar industry and is projected to keep growing. As the industry advances, so does the demand for high risk credit card processing solutions. Many CBD merchants and sellers often face challenges in securing the payment processing solutions they need for their CBD products.

For sellers, getting CBD oil processing solutions can be an exhausting journey. When it comes to selling CBD through your eCommerce platform, PayKings offers dependable payment gateways and credit card processing for CBD merchants as well as reliable CBD solutions for eCommerce sellers needing to accept credit card payments online.

CBD, or cannabidiol, is a chemical compound naturally derived from the Cannabis Sativa plant. Also known as hemp oil, CBD is found primarily in the flowers and leaves of the hemp plant.

Hemp and Marijuana are two well known species of the Cannabis Sativa plant. THC is the psychoactive ingredient in Marijuana. It contains no more than 0. CBD is said to remedy a wide variety of health issues including stress, inflammation immunity, pain, and mood. But why and how does CBD work? The answer, the Endocannabinoid System.

Researchers studying the effects of cannabis on the body found that endocannabinoids assist in regulating virtually every single system in the human body. We encourage you to find out more about how to sell CBD oil. Knowing your product is important for your CBD oil solutions, and while it goes through its own limitations, it also adds new usages, preclinical studies, clinical trials, and abilities. CBD has become the billion-dollar market due in part to the wide array of consumers it serves.

A broad range of age groups are captivated by CBD products due to the medicinal properties they possess. Various age groups all report signs of pain relief, decreased inflammation, or fewer seizures. CBD is a safe and natural alternative to pharmaceutical drugs which has proven effective in cases where other outlets have been exhausted as well as ineffective. CBD is also useful in the treatment of skin conditions in the form of topical solutions, serums, creams, and lotions.

CBD is rich in Vitamin E and other nutrients that are beneficial for the skin. Topical CBD solutions can be used to help increase oil production for those who suffer from dry skin. CBD users suffering from the skin condition, Eczema, have reported healthier skin due to topical CBD use resulting in increased oil production and nourished skin.

CBD products have incredible versatility in both commodities and markets. CBD has made a substantial economic rise in a short period of time and is capable of delivering benefits consumable by an endless number of market.

Indeed, CBD oils and CBD edibles appeal to those suffering from chronic illness and those with minor skin irritations alike. CBD products overlap into many other markets including the vape industry, beauty, and of course pharmaceuticals. Two main types of CBD are tinctures and oils. There are a few key differences, however, both contain the same beneficial properties. Tinctures are characterized as being a CBD extract or concentrate with minimally added flavors and herbs typically added to drinking water.

It is designed to be a more pure form of CBD than tinctures and can be used to cook with. Some other products include concentrates which use high percentages of CBD oil. Similar to supplements, CBD can be sold in the form of capsules and are an option for those who do not smoke or use oils.

Knowing your product is important for your CBD oil solutions, and while selling CBD on Shopify or Amazon has its own limitations, it also adds new uses, preclinical studies, clinical trials, and abilities. A common mistake when considering a CBD oil merchant account is to assume Amazon is a viable option.

It is no accident that CBD sales are excluded from the Amazon marketplace. The underwriting process at Amazon does not allow for CBD oil merchant accounts to be approved because CBD vape juice and similar products with CBD listed as an ingredient are too highly regulated. High regulation makes CBD products of any kind too high of a risk for a large corporation like Amazon to take on.

If you try to sell CBD on Amazon through a merchant account, it will simply be denied. This declined application process will also be happen when seeking out a Stripe high risk CBD merchant account or PayPal CBD merchant account — all doors with aggregate payment processors will be closed. The fact of the matter is, typical payment processing companies and credit card processing companies simply will not touch CBD sales. This is due to the precarious legality of cannabis-derived products.

In many states in the US, cannabis is still illegal. While CBD is derived from the Cannabis plant, it is vastly different from its stigmatic cousin.

Regulators failing to make this distinction lead to online credit card processors like PayPal prohibiting CBD merchants from payment processing.

As an innovator in the high-risk processing industry, we understand the misconceptions associated with CBD and THC and the loose correlation still represents a problem.

Many people lack the basic understanding of what CBD truly is, thus flagging it as a high risk industry and product for payment processing. Merchants who are not yet established with credit card payment processing options are left wondering how to sell CBD oil or how to become a CBD seller.

Whether selling CBD oil vape juice products online or selling CBD oil from your own home — regardless of your strategy to sell CBD oil, you will first need to find reliable credit card payment processing.

Luckily, PayKings specializes in helping companies like yours establish viable credit card payment processing. PayKings developers are skilled in WordPress, WooCommerce and hundreds of other builders and will expertly get your site ready to process your CBD oil products. With the vast bulk of the country legalizing medical and recreational marijuana, the remaining states will likely change their legislation in the near future. While the CBD industry is thriving, we encourage you to seek qualified legal counsel and double-check your state and local laws before selling CBD oil online or elsewhere.

In May, the Food and Drug Administration hosted a hearing on CBD regulation and legislation to collect scientific data, discussion solutions to regulation concerns, CBD product quality, and safety concerns for the public.

This hearing was a big step in the right direction for the CBD industry as a whole which could eventually lead to ease in payment processing in the future for the CBD eCommerce industry.

Selling CBD oils and other products online may sound intimidating but in truth, the reward far exceeds the risk if you find the right partners. If you are diligent in abiding by the evolving laws, your CBD business can thrive. And while high-risk payment processing has proved challenging for many, PayKings is the CBD payment processing solution.

Check out PayKings innovative features like mobile credit card processing for your online CBD business today. With features such as mobile credit card processing, your online CBD business is sure to thrive and maintain good standing.

Why is that? At PayKings, we work specifically with businesses who are in high risk industries and can help you become a CBD seller with the lowest rates and the most reliable credit card payment processing solutions. If your CBD merchant account was declined, we know how stressful that is for a business owner. One of the biggest hurdles to overcome when selling CBD oil products online is finding a merchant account with a CBD oil solution for your needs.

Now the actual work starts. As we have discussed, selling CBD oil online requires more regulation and safety than your typical payment gateway or traditional merchant account. CBD is not alone on this hurdle, as several other high risk industries fall into this category of needing a high risk merchant account. As a CBD merchant looking for payment processing solutions, you have come to the right place.

At PayKings we want to assist you through each and every hurdle, including recovering your CBD merchant account and reestablishing your eCommerce business. In order to get you up and running, you sometimes need more than just a payment gateway to connect to your own shopping cart.

When it comes to selling CBD oil from home or through your eCommerce platform, PayKings offers dependable payment gateways and credit card processing for CBD oil merchants as well as reliable CBD oil solutions for eCommerce sellers needing to accept credit card payments online. In regards to CBD marketing and selling oil online , you may find yourself struggling with payment gateway issues.

While plenty of payment processing gateways exist, CBD payment processing requires an understanding of high risk business needs and this is what separates PayKings. PayKings will custom tailor CBD oil solutions for your online business. We specialize in helping merchants who are having difficulties after being shut down by a major payment gateway and are in need of CBD oil solutions and secure credit card payment processing.

When you need fast account recovery after Amazon, Stripe, or PayPal has shut down your business, only PayKings gets up and running with the payment processing solution that best fits your CBD business. Get started today with our free QuikQuote — and start selling CBD oil online and accepting payments in as little as six hours! Skip to content Contact Apply Now.

Making a profit by selling CBD oil online is an appealing choice for the freedom to buy CBD products with a variety of alternative payment. Looking for a payments provider for your CBD business? Here's what you need to know CBD products are serious business.

Look no further than PayKings, the leading experts in getting your CBD merchant account ready to accept payments. Finding a high risk payment processing solution that keeps your business running smoothly is critical for your online business. PayKings knows how frustrating it can be for a high risk business in the CBD oil industry to obtain the right payment processor. Finding the best credit card payment processing might seem daunting for even the most experienced CBD merchants. CBD product sales are considered to be high risk in the online merchant account world due to the nature of how the oil is cultivated.

An influx of online businesses are introducing CBD into their ecommerce stores. Since the passing of the Farm Bill, which was signed into effect by President Donald Trump in December and removed hemp from the definition of marijuana under the Controlled Substances Act CSA , an increasing number of ecommerce business owners are searching for payment gateways that allow CBD merchant processing.

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them.

Selling CBD on Shopify (US only)

It is no secret that marketing CBD continues to rise in popularity. It has become a billion-dollar industry and is projected to keep growing. As the industry advances, so does the demand for high risk credit card processing solutions. Many CBD merchants and sellers often face challenges in securing the payment processing solutions they need for their CBD products. For sellers, getting CBD oil processing solutions can be an exhausting journey.

CBD Merchant Account Approvals

US merchants in certain states are able to sell select hemp or hemp-derived cannabidiol CBD products on Shopify. Merchants can sell these products only in states where permitted by law. State laws and regulations governing the sale of these products vary significantly and are subject to change. You should consult with an attorney to determine how and where you're able to sell your product. Because US laws surrounding hemp and CBD are quickly evolving, merchants should consult with an attorney before selling these products on Shopify. Shopify can't provide advice on what and where merchants can sell, but we recommend that merchants review and monitor federal, state, and local laws, as well as monitor updates from the Food and Drug Administration FDA. Hemp-derived CBD transactions are vetted more carefully by third-party payment gateways than other transactions, so the application and approval process might be more involved than usual. Third-party payment gateways take into account many factors in approving payments and rates for shops selling CBD products, including product type, whether the business was recently created, transaction history, volume, product mix, and others. Additionally, it is important that you know your responsibilities.

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A customer walks into your store, chooses the product they want to purchase and brings it up to the counter to buy it. You tell them the price, but then they hand you a credit card. You regret to inform them that your business does not accept credit cards. The customer, without any cash on them, then has to put the product back and walks out of the store, not likely to return.

CBD credit and debit card payments

Square Inc. CBD sellers at the event pointed to challenges around obtaining transparent payment services, mentioning high fees from other processors and a prior reliance on check payments. CBD is the non-psychoactive ingredient in the cannabis plant that is widely held to have wellness properties. But CBD was not legalized because it is the main ingredient in the only cannabis-based drug to win approval from the U. The FDA is working on a set of regulations for CBD but until they are ready, companies are not allowed to add it to food or drink and cannot make medical claims for topicals and other products. Square will charge CBD sellers 3. Online payments will cost 4. Sellers will also be able to access other Square business services, including payroll and inventory-management offerings. She explained that Square does due diligence on these customers to see whether they comply with federal regulations around labeling, marketing, and medical claims. Square shares are up 0.

Square to begin payment processing program for CBD sellers

All you have to do is procure some CBD oil, design the perfect label gradient, toss it up on a Shopify storefront, and buy a few Instagram ads. Especially online. And the founders of these companies — mostly good-seeming people! While the US Farm Bill may have legalized the production and existence of CBD, it is still in a hazy legal and regulatory position. Shopify, which is Canadian, will let you sell actual weed in Canada, where it is legal, provided you have the right license. Instead, to play by the rules, you often have to find and sign up for a high-risk processor, such as T1 Payments or others. When they work, they mostly work. Sometimes you have to set up an overseas entity and then funnel the money back to the US. To work with Shopify — which many merchants prefer to use to host their stores — high-risk processors sometimes require special configuration, which can change. The whole process can feel like a game of Whac-A-Mole.

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