CBD Merchant Accounts
CBD payment processing and Merchant Services
Your CBD merchant account solution
Finding a CBD merchant account can be difficult. This is due largely to the amount of regulation from national and local governments and card brands This means you need to partner with a processing company that has a history of making compliance their top concern. Many companies won't board CBD merchants because of all of the compliance measures that it requires. We believe this is a big opportunity for us. It is clear that the CBD industry is changing people's lives, and there are many great merchants doing their part to help. We want to help you get a CBD merchant account, and get your business processing payments! We know the ins and outs of the CBD industry, and will make sure that you get approved for a stable long term merchant account that will grow with you and your business. Zen Payments has specialized in high risk merchant accounts for the last 15 years, and CBD is one of our specialties.
CBD Merchant Account Stability
Getting approved for a CBD merchant account with any provider is simply not enough, you need to ensure you are set up with a stable long-term merchant account. Many payment processing companies will give you instant approval without formally underwriting your business. This is great until you start processing and they realize what you are selling. At this point, they will shut down your account at best, and at worst they will hold your funds for up to 6 months! Many companies like Square, Stripe, and Paypal fit this model. They are not fit to process for high risk industries, which will lead to funds being frozen and withheld. We actually underwrite our account before approval and work with our network of 15 banks to make sure that not only do you get the best rate, but you go through an underwriting process that will make sure your account is always able to consistently process payments! With us, your CBD payment processing will be one less thing you have to worry about.
CBD is High Risk
CBD is one of the industries that gets immediately classified as "high risk" in the payment processing sphere. This is due to a variety of factors. CBD was not federally legal until 2018. CBD has been extremely regulated due to how close in nature it is to THC. Similar to firearms, these large regulations often times mean that merchant accounts are more likely to be terminated. Also, CBD is primarily sold online. Ecommerce and high-volume sales only add to the risk, and this is why you need a high risk payment processor for your merchant account. Not only do we understand the risks of CBD, we know how to mitigate them. Our strict underwriting process paired with our chargeback protection is what makes us the nation's go-to provider of CBD merchant accounts. We get you approved for the long haul, at a better rate than any of your short-term solutions.
The CBD Market is Growing
According to recent studies, CBD has grown from a 686 million dollar market in 2016, to a 2.8 billion dollar industry in 2020. Right now it is projected that CBD will grow 21% per year through 2028. If you are considering getting in to the CBD space, do not wait as the opportunity is now! We hundreds of clients selling CBD online that trust for all of their processing needs. That's because we have spent countless hours tending to their needs, and to the standards of the industry. Signing up with a reputable company on day one ensures that you get your business off to the right start, and keep you on track for future successes. As anyone who knows the CBD space, getting a stable merchant account is one of the highest barriers to entry. Let us get you a CBD merchant account today!
Why Zen Payments for your CBD Merchant Account
If you have called around in search of processing for your CBD business, you'll hear the same terminology over and over. You'll hear that you're high risk, and many processors won't work with you without prior history of processing. This leaves a lot of new businesses in limbo, looking for a solution. Whether you are a new CBD merchant or need CBD merchant services for your highly established business we are the perfect solution. We give you the services and transparency that you're looking for, without the hidden fees. With over 15 years of securing merchant accounts for hard-to-place merchants, we know the ins and outs of the approval process. Let us get you approved today!
Find Your Zen
Let our experience go to work for you. Zen Payments is your number one choice for setting up a CBD merchant account. Whether you own a retail store, or an eCommerce business, we have you covered! When you sign up for CBD payment processing with us, we will be here every step of the way to guide you through the process. We understand the risks inherent to the CBD market and are here to help our clients have the best experience possible.