CBD Merchant Account
As a CBD business owner, you deliver relief to your customers—now let Sensapay deliver payment processing relief to you! We’re committed to providing cutting-edge merchant accounts for CBD businesses across the nation. Contact us today to get started!
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Fill out this form to start processing payments with Sensapay.
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Send Invoices via SMS
Send invoices with text-to-pay & speed up payment collection by up to 40%.
Online & In-Person Payments
Integrate payment acceptance into any channel (website, app, customer portal).
Protect Your Business with ML
Automate fraud prevention with machine learning and rule-based detection.
How to Get a CBD Merchant Account
Accepting credit cards, debit cards, and other forms of today’s most popular payment methods requires a merchant account—a unique bank account into which transactions are deposited. Fortunately, securing a merchant account for your CBD business is easy! Simply fill out our contact form and an account manager will reach out.
After assessing your business’s details, your dedicated account manager will provide guidance about which payment solutions are most beneficial to your particular operations. When you’re ready to move forward, your account manager secures and customizes your chosen solutions. After approval, you can begin processing as soon as the next day.
CBD Merchant Account Types
At SensaPay, we strive to support CBD merchants across all business models. Within our wide range of payment processing offerings, you’ll find the perfect payment solution to support your business’s specific needs.
Online
For eCommerce CBD merchants, our state-of-the-art payment gateways equip you with everything you need to accept online payments securely.
Retail
If your CBD business operates from a brick-and-mortar storefront, our retail payment solutions include a selection of stationary and mobile card readers that are among the most stylish and easy to use devices in today’s market. We help you accept payments and look good doing it!
Over the Phone
Offer your customers what they want: convenience. With a secure virtual terminal, you can accept payment details from your customers via phone and email. Our virtual terminals’ easy-to-use interfaces make it easier than ever to accept card-not-present payments.
CBD Credit Card Processing Rates & Fees
The exact credit card processing rate you can expect for your CBD business depends on a number of factors, including your business’s level of risk and whether you sell your products online or in person. Your account manager will determine your rate after assessing these factors. That said, rates for CBD payment processing typically range from 2.95% to 5%. However, this does not include other credit card processing fees like monthly fees and related merchant account fees.
While it’s true that you have to spend money to make money, we don’t think you have to spend that much money. At SensaPay, we offer competitive rates and transparent pricing with no hidden fees or long-term contracts. Your dedicated account manager will walk you through the entirety of your contract during onboarding, after which they’ll be available to answer any related questions throughout the lifetime of your account.
What Is Required to Get a CBD Merchant Account?
Typical documentation required for a CBD merchant account is as follows:
Government-issued photo identification
Signed merchant application
Voided check or bank letter
Three months of bank statements
Three months of processing statements
Up-to-date certificate of analysis (COA) for CBD products
List of suppliers for CBD products
How SensaPay Handles CBD Merchant Processing
In order to successfully advise you every step of the way, we train our staff to be knowledgeable regarding regulations of the CBD industry and requirements of CBD payment processing. After one of our experienced account managers effortlessly secures you a CBD merchant account meeting mandatory compliance standards, you can begin processing payments!
The Importance of Partnering with a Seasoned CBD Payment Processor
Many payment aggregators like Stripe and PayPal, do not allow CBD sales on their platforms. Even partnering with other payment service providers that do allow CBD sales, like Square, may still leave you at the risk of getting your account terminated after review. That’s why partnering with a merchant service provider that handles high-risk industries like CBD is crucial to operating a successful business.
As a merchant services provider at the forefront of the CBD industry, we’ve secured thousands of merchant accounts for CBD entrepreneurs. When you partner with SensaPay, you also partner with our robust network of payment solution providers cultivated over years in the industry. With the advantage of SensaPay’s resources, CBD merchants—like you—can get approved faster, easier, and at the most competitive rates possible!
CBD Payment Gateways for Seamless Integrations
Beyond providing CBD merchant accounts at affordable rates, SensaPay supports integrations directly into the software, systems, and tools you already utilize within your operations. We maximize your CBD business’s potential through an array of partnerships with industry-leading payment gateways—such as Authorize.net, NMI, and USAePay—that seamlessly integrate with the most popular eCommerce platforms. While we can integrate with almost any gateway or website platform, below lists some of the more popular website builders that we work with:
Bigcommerce
Collecting payments is now more efficient than ever when you directly integrate our solutions into BigCommerce. Within minutes, your payment system will be up and running on your CBD BigCommerce shop.WooCommerce
Our payment solutions seamlessly integrate with WooCommerce’s platform. After this, merchants can easily accept credit cards from within their CBD WooCommerce store.Shopify
With the assistance of our support team, you can obtain the unique API credentials of your chosen payment solutions for smooth integration with Shopify’s platform. You’ll see no delays when accepting payments on your online CBD Shopify store.