Merchants operating in the CBD and Hemp Oil industries frequently encounter obstacles when seeking eCommerce payment services, as these industries are often categorized as high-risk due to their association with medical marijuana. This classification often results in unexpected shutdowns of CBD business merchant accounts by mainstream payment processors, causing disruptions in transactions and freezing of funds. However, CBD merchants can find a reliable solution through specialized merchant account service providers like VaultPay, which cater to the unique needs of high-risk merchants in the CBD industry by offering tailored payment processing services designed to provide stability, competitive rates, and improved payout schedules.
High Risk Merchant Account & Payment Processing Solutions
Merchants operating in the CBD and Hemp Oil industries often face unique challenges when seeking payment processing services due to the varying legal statuses and associations with medical marijuana. Despite the legalization of hemp and the potential benefits of CBD, many mainstream payment processors view these industries as high-risk, resulting in unexpected account shutdowns and disruptions in transactions. However, specialized merchant account service providers like VaultPay offer tailored payment processing services designed to cater to the specific needs of CBD businesses, providing stability, competitive rates, and improved payout schedules.
CBD merchants can now expand beyond traditional cash-only sales and utilize various payment processing options such as credit card terminals, payment gateways, virtual terminals, and check and ACH solutions. While issues with common payment aggregators persist, partnering with a specialized CBD payment processor can mitigate risks associated with account closures and legal implications. VaultPay offers comprehensive support, including fraud protection, chargeback prevention, and compliance monitoring, to help CBD businesses navigate the complexities of payment processing and ensure sustainable growth in the industry.