CBD Merchant Account Approvals
When you need a CBD merchant account, one of the things you’ll notice is all the credit card processors that are going to refuse to give you one. It’s a real problem for people who sell CBD edibles, hemp and cannabis oil, and other items in the marijuana industry. Fortunately, this doesn’t have to be a problem for you any longer. Leap Payments will work with you on opening a CBD high risk merchant account and keeping the account alive.
With so many states allowing medical CBD and recreational use today, 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 a damaging to their reputation, so they’re reluctant to handle any type of payment processing for CBD merchants. This has led to a crisis with companies that offer CBD, hemp products, vape equipment and other marijuana related options, and then those companies end up frustrated and losing sales.
You Can Get a CBD Merchant Account
You don’t have to deal with the frustration that normally accompanies the process of searching endlessly for a payment processor or turn away customers who want to use debit and credit cards anymore. Because the cannabis business deserves a fair chance to have access to the same merchant services as other industries, we recognize the need for people in that industry to have payment processing solutions that work for them and their customers. With a merchant account specifically designed for higher risk businesses such as the marijuana industry, you can get credit card processing options you really need.
Obtaining a legitimate, fully featured CBD merchant account has the potential to greatly boost your business, and help you see the full potential that CBD payment processing can offer you. Many processors will turn you down and chances are, you may have tried with other merchant service providers before coming here. We have helped countless businesses like yours with getting merchant accounts and providing their customers with a solution to pay via debit or credit cards for cannabis products. Yes, the industry has a higher processing risk, but that doesn’t mean you shouldn’t have the ability to work in that industry and make sales to customers who wish to pay with something other than cash.
Getting Approved is Easier Than You Think
One of the problems with getting approved for CBD payment processing is that many institutions fail to realize how the industry works. They may be dismissive of the value of medical marijuana and CBD or feel these products should not be recreationally available to people. These kinds of biases are a big part of what causes some banks, lenders, and payment processors to turn down businesses in the cannabis industry. But, at Leap Payments, we do not put your business in a category or apply labels. We choose to see the value of your business for what it is, a legitimate business, highly in demand and consumers that need payment options.
We know you need to be able to keep your customers happy, and to do that you also need to be able to accommodate several payment methods. By working with us as your CBD merchant account solution, you can get all your sales needs in one place, and more. You can also expect:
- Full functionality debit and credit card processing
- Compliance with all regulatory industry standards
- Custom solutions, tailored to the needs of your business
- Broad selection of card readers and POS systems for retail CBD businesses
- Fair rates with no hidden fees for payment processing
Why We Can Help with Your Cannabis Business Processing
Even if you’ve been told by others that your business is “too high risk to do business with”, Leap Payments will always work with CBD merchants. We have options to explore that other processors just simply cannot provide do to our expansive banking partnership network. Because we understand the marijuana business, we will address the idea of a unique solution that will meet your business’ needs and help your business grow.