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CBD and Hemp Oil Merchant Account and Payment Gateway


Looking for payment processing for your CBD or Hemp oil business?
Selling products to be consumed as well as creams and lotions?

Needing a direct merchant account owned by you and in your name?


When it comes to CBD and Hemp Oil based businesses finding a payment processor can be difficult due to its high risk nature and the fact that many payment processors don't want to process payments for it - mainly due to reputational reasons. Also many accounts available for CBD are for non consumed products such as creams and lotions, while our account allows for products which are to be ingested.

Because we understand the importance of not wondering each day if your existing processor is going to close your account or turn to an aggregator to help, we provide direct merchant accounts (one owned by you in your name) for CBD and Hemp Oil using specialised European acquirers. You also do not have to be incorporated in the US like other merchant account providers.


IMPORTANT - Please note that we only set-up processing for businesses who follow applicable laws and compliance guidelines. Therefore in order to provide a CBD dedicated account you must adhere to the following:

- Website (and preferably packaging) not to contain any cannabis leaf imagery
- Products do not contain tobacco and nicotine
- THC for all products is 0.3% or under
- You are not selling cannabis seeds, MMJ or hemp flowers
- You have an EU incorporation (you do not need to be physically located there)

Also;

- Minimum £15,000 p/m processing is required or a minimum monthly service charge (MMSC) applies


If you are unable to adhere to these terms then we can only offer you our eCheck Solution
or aggregated solution



Just some of the benefits of coming to us for your CBD payment processing


Yes 160 processing currencies available
Yes
Fast Underwriting and Express Boarding
Yes 27 settlement currencies to choose from
Yes
Virtual Terminal for MOTO Payments
Yes
Both Merchant Account and Gateway provided
Yes

Risk Management / Chargeback Prevention

Yes Advanced Fraud Protection
Yes
Recurring Billing
Yes Full Transaction Reporting Tools Yes Mobile Application
Yes Shopping Carts Plugins Available * Yes Full Merchant Support 24/7


*

Please note that the Gateway used (NMI) currently does not integrate with Weebly, Wix or Square Space



Costs, Fees and Processing Terms


Please note that a minimum £15,000 p/m processing is required.
If minimum volume is not reached a minimum monthly service charge (MMSC ) fee applies. Please note that as part of the approval process we will need to see processing statements clearly showing transactions, refund and any Chargebacks otherwise your application will be declined.

We use a large European acquirer and provide a direct merchant account that belongs to you in your name. However, as the acquirer has processing offices in the US all costs provided are in USD. Any other applicable fees will be provided on application.

Set-up Fee: Nil
Monthly Fee: $50
Fraud Monitoring Monthly Fee: $100
Visa and MasterCard Transaction Rate: 4.5%
Amex Transaction Rate: 7%
MMSC * $250
NMI Gateway Monthly Fee: $10.00
Gateway Fee: $0.10
Transaction Fee: $0.35
Settlement: Daily
Rolling Reserve: 10% held 6 months
Chargeback Fee: $35
Wire Transfer Fee: $25
Refund Fee: $1.50


* As stated above the MMSC applies if your monthly transaction processing does not meet the minimum amount agreed for your account. If your monthly transaction fees are more than your MMSC, the MMSC for that month won’t apply.

For example, if the MMSC for your account is $250 and your processing volume for one month is £8,000, you will be billed the minimum monthly charge (MMSC). If your processing volume for the following month is £15,000, the MMSC will not apply and you will not be charged the $250.

 



Wish to continue? Sign-up today

 

We have one of the best approval rates with 95% of businesses being accepted




APPLY NOW AND START ACCEPTING PAYMENTS ONLINE

Once you have completed the online application form, you will be contacted within 1 - 2 business days by your allocated account manager confirming all costs and fees and a list of documents to return if you wish to proceed.

Please note that as part of the application we will need to see your company website. Read more on website requirements

 


Get started today ...
Simply choose and click on your business from the drop down menu and we will redirect you to the account we can provide


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Web-Merchant Services Limited, Ground Floor Office Suite, Manor Farm, Bainton, East Yorkshire, YO25 9EF, United Kingdom

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