Sell CBD online and in-store to reach every customer.
Custom pricing packages may be available for your CBD business depending on payment volume, average transaction size, and more. We’d love to have a conversation about it.
We offer loans for CBD businesses. When you apply for a Square Loan, there are no long forms or long wait times. If approved, eligible sellers can get funds ranging from $300–$250,000 the next business day.
Keep your business and your customers secure.
No matter how you run your CBD business, Square makes sure every part of it is protected.
PCI compliance supported
As the merchant of record, our reputation is at stake as much as yours. We’re dedicated to protecting both our merchants and their customers.
Data security taken care of
Our system is battle-tested every day, 24/7, to keep your data safe.
Payment processing solutions at any scale
Square processes millions of payments every day and handles the complexity of payments on your behalf, so you can rely on your cash flow coming in.
Payment risk minimized
With our dedicated in-house team of data scientists and risk analysts, we work to keep you ahead of fraud. No extra fees — it’s all included in your rate.
Get the support you need.
Talk to a real person
Our in-house phone support is available from 6 a.m. to 6 p.m. PT and 24/7 through email.
Find answers to questions
Search our Support Center from the point of sale 24/7, including tutorial videos.
Reach out to the community
Connect with and learn from other sellers in our Seller Community.
Start selling CBD.
Apply to join our program and start accepting payments with Square.
Our CBD Program fees are:
- Online: 3.8% + 30¢
- In Person: 3.5% + 10¢
- Keyed in and Card on File: 4.4% + 15¢
If you process over $100k in Sales per year or CBD is only a small portion of your overall sales, you may qualify for a custom rate. To understand how adding CBD products to your business may impact your pricing with Square, please request a quote. You can also learn more about our fees.
Square currently allows sellers in the CBD program to accept payments for hemp and hemp-derived CBD products that have less than, or equal to, 0.3% THC in most states within the United States. Learn more about selling CBD.
Examples of information you will need to have on hand for your application include general information about your business, including but not limited to:
- Transaction amounts
- Your refund policy
- Recent bank statements
- A description of your CBD products
- Online store and social media accounts
- A certificate of analysis confirming Delta 9-THC percentages for each item
Our program is industry-leading, which means we must be extra diligent about ensuring we have a robust framework. We don’t allow any claims that your CBD products may be used to cure, treat, or aid conditions such as anxiety, inflammation, depression, PTSD, ADHD, cancer, or any other health conditions.
Terms and Conditions
Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Square, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Square, Inc.
All loans are issued by Square Financial Services, Inc. a Utah-Chartered Industrial Bank. Member FDIC. Actual fee depends upon payment card processing history, loan amount, and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. All loans are subject to credit approval.
LOOKING FOR A CBD MERCHANT ACCOUNT?
The best CBD payment processor can create a custom account for your business needs. PayKings – the leading experts in getting your CBD merchant account ready to accept payments.
Disclaimer: Paykings does not directly underwrite or approve CBD merchant accounts. We facilitate via a CBD payment processor to connect CBD merchants selling CBD related products to an approving CBD Merchant account acquiring bank.
Need a CBD Merchant Account?
Finding a CBD merchant solution that keeps your business running smoothly is critical for your online store. PayKings knows how frustrating it can be finding high risk merchant accounts in the CBD industry. Moreover, getting payment processing on your website might seem daunting for even the most experienced CBD merchants. If you don’t know where to begin, we’re here to help. At PayKings, we help you take the right steps towards finding a high risk CBD merchant account. We have the CBD payment processing solution that fits your business needs.
If you’re looking for CBD merchant processing, it’s important to understand why payment processors are often difficult to obtain (and retain) for sales in the CBD industry. CBD product sales are considered to be high risk in the online merchant account world due to the nature of how the oil is cultivated. CBD is a legal product. However, it is derived from the same plant, which breeds its regulated counterpart, cannabis. The very notion sends banks and lenders into high alert often resulting in your CBD oil merchant account being labeled high risk. Right now, CBD is categorized as a high risk business regardless of what kind of CBD products you carry in your online store.
High Risk Merchant Account CBD
Alternatively, getting a high risk CBD merchant account does not mean you’re out of luck when it comes to credit card processing. PayKings is an expert at finding the best way to expand your market to deliver your CBD services and products. PayKings is committed to finding the proper CBD credit card processing solutions you need to dominate the online presence. We offer completely customizable CBD merchant processing options to solve your business needs. Moreover, PayKings makes it easy to obtain a CBD oil merchant account in as little as 48 hours.
Did Your Credit Card Processor Shut Down Your CBD Merchant Account?
PayKings understands that your online CBD merchant processing is important. And when your credit card payment processor suddenly shuts down your merchant account, you’re left feeling completely helpless. Fortunately, having a payment processing company such as PayPal, Square, or Stripe shut down your merchant account does not mean you’ve reached the end of the road. It’s quite the opposite. PayKings can not only help you recover your CBD merchant account, but we are also the complete payment solution for your high risk business needs.
First, it is important to understand exactly what recovery means. If your CBD merchant account has been shut down through PayPal, Square, or Stripe, you cannot get it back up and running through those payment processing companies. This termination means your business has been restricted from using many online credit card processors for your CBD product sales. Funds that remain in your merchant account often cannot be accessed until you are able to establish a high risk credit card processor specifically tailored for your CBD merchant account. Termination of CBD merchant accounts often causes a lapse in incoming payments. Consequently leading to insufficient funds in your accounts. CBD merchants often find themselves in a desperate situation, owing their bank despite being unable to generate sales or access funds.
Choosing The Best CBD Payment Processor
The best CBD payment processor helps you get approved fast for your CBD merchant account. PayKings focuses on customizing your banking solution and making sure you have the lowest rates possible. Here are few important qualities when looking for a top CBD payment processor:
- Allows you to sell various types of CBD items
- Discusses your processing history and helps startups
- Low rates and fast approvals
- Discusses how to organize products and merchandise
- Mentions THC levels and percentages
- Has a history of working with CBD companies
- Gets sustainable accounts that won’t shut down
If you are still in the early stages of building your online CBD store, then you’ve come to the right place. Signing up with the best CBD merchant processing company from day one saves you the time and frustration of getting shut down by payment processing companies like PayPal, Stripe, or Square. When you establish a payment processing solution through PayKings, you avoid any funds being frozen. Your stream of income then remains steady and reliable. If you are looking for CBD merchant processing that can offer you competitive solutions and rates, PayKings is your ideal choice.
How Can PayKings Help With My CBD Merchant Processing?
Aggregate companies such as PayPal, Stripe, or Square can’t get you the CBD merchant processing you need. Often times, these companies lure in CBD merchants with appealing “instant approval” offers. But weeks later, once the underwriting process has taken place and high risk CBD products are discovered, the road comes to an end. Once these companies are made aware that you are selling CBD on Shopify or on another ecommerce site, PayPal, Stripe, or Square, will freeze and shut down your account. These top payment processors often utilize this risk monitoring system by scanning all merchant accounts, evaluating processing history and seeing which qualify. When the business model is deemed high risk after initial approval, which is always the case with CBD oil merchant accounts, you can expect the account to be closed.
So why go through these hurdles when you can avoid the stress of having your CBD merchant account shut down? Start your business the right way and open a sustainable high risk merchant account from the beginning with PayKings. Click here to get your free quote from PayKings regarding your CBD merchant services today!
Need CBD Credit Card Processing?
If you need CBD credit card processing, you’ll want to make sure you meet the proper regulations. CBD merchants who sell hemp-derived CBD products at less than 0.3 percent THC can apply for a CBD merchant account with PayKings. At the moment, we cannot provide a credit card merchant processing account for any cannabis products containing cannabidiol, cannabinoid, tetra-hydrol-cannabinol (THC) in excess of the allowed percentage.
- CBD Concentrates
- Ointments and CBD Topicals
- CBD Gummies
- CBD Pet Products
- Sprays and Atomizers
- CBD Flower
- Full Spectrum CBD Products
- CBD Pills and Capsules
- CBD Vapes
- CBD Resin
- Creams and Lotions
- CBD Isolate
- CBD Drops
- Broad Spectrum CBD Products
- CBD Drinks
- CBD Edibles
- CBD E-liquid
- Water Soluble CBD Products
- CBD Distillate
- CBD Crumble
- CBD Oral Applicator
- CBD Powder
- Dropper for CBD
- CBD Tinctures
- CBD Extracts
- CBD Smoke and Vape
- CBD Paste
- Disposable CBD Vape Pen
- CBD Inhaler
- CBD Shatter
- CBD Patches
- CBD Wax
- CBD Oil Syringe
How Does Being High Risk Affect Your Chances of Getting a CBD Merchant Account?
Selling CBD online is a high risk business for more reasons than its association to cannabis. There are several other factors that deem CBD a high risk in the payment processing realm. First, an ecommerce CBD sale is an online sale. Meaning, the sale is processed as a “card not present transaction” which is inherently high risk payment processing. Additionally, high risk CBD businesses have very high discount rates and large security reserves (also known as a rolling reserve). A business is usually classified as a high risk merchant if the industry they’re in has a higher risk of fraud and chargebacks. In the case of being a CBD oil merchant, the high risk label is typically due to the business being a reputational and legal risk for banks and lenders. This is a result of the strictly enforced FDA regulations on CBD in the United States.
Hemp Merchant Account
As a CBD company looking for a hemp merchant account to sell hemp products in an online market, it’s important to understand that credit card processing providers like Stripe and PayPal do not specialize in high risk industries. Therefore, they cannot process payments for the hemp merchant. Unlike those companies, PayKings has many acquiring bank partners that approve CBD accounts. Merchants who offer high risk services or CBD and hemp products must consider a provider that specializes in high risk processing industries. The payment processing provider will help you establish your high risk merchant account.
For businesses that are considered high risk, it is important to align yourself with the right CBD merchant processing providers. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. With a CBD payment processor that fits your business, you are able to get set up with legitimate debit and credit card processing. PayKings will expertly pair you with a solution that is willing to accept the liability for the increased risk associated with your high risk business.
PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. PayKings understands the unique needs of different CBD related businesses and has established 24+ acquiring banking relationships to become the experts in the field. We help you get approved fast for CBD oil merchant account to accept online payments.