CBD Merchant Account
Peter Adams
Company CEO
CBD Merchant Account
A CBD Merchant Account is a bank account that allows CBD businesses to accept payments from customers. CBD payment processors are specialized financial services providers that offer these accounts. At PayDaddy we have access to several specialised providers for this industry.
The CBD industry is increasing its market share by the day. CBD is now offered in many different forms such as oils, tinctures, capsules, topical creams, lotions, patches, vapes, edibles like gummies and chocolates, and even drinks like teas, all allowing for different methods of consumption depending on the desired effect and personal preference; essentially, you can find CBD in almost any form.
Why do CBD businesses need merchant accounts?
- CBD is considered a high-risk industry, so dedicated payment processing solutions are needed to protect merchants. Traditional business bank accounts are unlikely to approve CBD transactions.
What should I look for in a CBD payment processor?
- Fraud protection: The processor should offer fraud protection to help prevent cancelled transactions and frozen accounts.
- Multi-currency support: The processor should support all major credit/debit cards with global currencies and languages.
- Chargeback management: The processor should offer chargeback management to help reduce disputes.
Special Interest
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