Cannabidiol oil (also known as “CBD” or “CBD oil”) is a derivative of the cannabis plant that has been shown to have the potential to treat certain ailments such as seizures, nausea, inflammation, and anxiety. It is extracted from low-THC strains of cannabis to form a non-psychoactive oil that can then be stored in capsules for accurate dosing.
Cannabis is currently a Schedule I drug in the United States, which makes it illegal according to federal law. However, partially because of CBD oil’s possible medical value, states are beginning to legalize the production and sale of this substance. As a result, merchants who sell hemp-derived cannabidiol are scrambling to open merchant accounts that can process CBD payments and that is when you need an expert like ABS in your corner.
We are experts in direct merchant account placement and payments consulting for hard-to-place and high-risk merchants. Our focus is on card-not-present and e-commerce merchants.
We service a variety of vertical markets: CBD, Nutraceuticals (straight-sale and continuity), E-cigarette, MLM, Travel, Loan Modification and more.
A CBD retail merchant account is an account that allows you to accept credit card payments made for CBD products. Merchant service providers that are willing to take on CBD accounts can be hard to find. This is where ABS can step in to advocate on your behalf with the right banks
Many merchant accounts for CBD, in fact, will drop a CBD account after having it as an account for months on end. ABS will work to secure you the right card payment acceptance bank so you can avoid a one and done situation which could affect your business.
Regardless of your business and the challenges you may face, if there is a bank that services your industry, we will get you the right account to get your business rolling.