What Credit Card Processor Accepts CBD Oil for eCommerce?

CBD is the leading product revolutionizing the health and wellness scene today. Nowadays, more companies are setting up eCommerce stores to sell CBD oil and other similar products. However, this online switch means that businesses—especially those in high-risk industries—have to seek a reputable credit card processor to win customers over.

Thankfully, there are several credit card processors for riskier and volatile types of companies. Below is a list of four such processors, each with unique features to suit your business. 

1. Easy Pay Direct

If you are looking for a company with long years of experience, Easy Pay Direct has been serving high-risk merchants for more than 20 years. They are recommended for larger CBD companies as their pricing is usually volume-based. 

Best Features:

• No monthly fees
• Supports companies that sell CBD ingestible and topicals
• No early termination fees
• Load balancing

2. SMB Global

SMB Global is the brainchild of Payline Data, a trusted finance provider. This company is Payline Data’s high-risk counterpart to make sure more businesses get the top quality financial services. However, it is limited to offshore accounts at this time.

Best Features:

• Reasonable contract terms and pricing
• Excellent customer service
• Multiple currency processing and dynamic currency conversion

3. Square

Square provides credit card processing services for CBD companies since 2019. Though they are usually the go-to for low-risk industries, they offer strong pricing opportunities for high-risk businesses. For CBD merchants who have low volume sales, Square offers the best processor program.

Best Features:

• No monthly fees
• Predictable flat-rate pricing
• Very affordable hardware
• Improved customer service

4. PayKings

PayKings is designed explicitly for CBD Merchants, especially those who traditional credit card processors said no to. They are known for offering seamless integration with most platforms, and they offer pretty affordable rates compared to their competitors.

Best Features:

• Direct network of over 20 banks
• Mobile solutions
• Fast approval and pre-approval within six hours
• Fraud prevention features

Choosing a reputable credit card processor is key to ensuring your CBD business thrives. For more information about credit card processors, check out ProcessingCard’s list of 2022’s best today!