CBD Oil Merchant Account


Buy CBD Oil Online

PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Get a CBD Merchant Account that allows you to process credit cards in store and online without the risk of shut down. CBD Credit Card Processing that works.

Get Approved for a CBD Merchant Account

We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.

  • 24-48 Hour Payouts
  • Lowest Rates, Multiple Bank Approvals
  • Fast Approvals
  • 100% Digital Application

Secure Payment Processing
In 3 Simple Steps

Apply Now

Complete our quick and easy online application

Digitally sign applications using your mouse

Get Approved

Applications are sent to all banks that have pre-approved you

Banks will review and determine a processing limit

Start Processing

Payment Gateways are activated

Integrate your Payment Gateway with the backend of your site

CBD Merchant Accounts

With the recent legalization of cannabidiol (CBD) and other cannabis products across many states, more and more merchants are choosing to open up shop and provide consumers with both medical and recreational cannabis products, including CBD. Although many states have chosen to legalize these products, the federal government has chosen to maintain the illegal status of marijuana and cannabis products. Because of this, any merchant choosing to sell these products is considered high-risk and may have a difficult time obtaining approval for an account or payment gateway with many credit card processors.

CBD Payment Processing for Online Shopping Platforms

PayDiverse offers credit card processing for many popular ecommerce platforms. Our merchant account can interface directly with your website! We currently support WooCommerce and Shopify integrations for CBD transactions. We don’t recommend Stripe, PayPal, or Square platforms for CBD and hemp transactions because they frequently get closed, leaving merchants to move payment processing to another provider. PayDiverse has experience migrating your credit card processing from those platforms to others that we work with. This ensures peace of mind with safe and secure hemp & CBD credit card processing.

What is CBD and Why is it High-Risk?

Cannabidiol, or CBD, is a derivative of cannabis that can be extracted from both hemp and marijuana plants. CBD is sold in a variety of different forms: CBD oil, CBD tinctures, CBD drops, CBD isolates, CBD cream, CBD ointment, CBD capsules, CBD topical, CBD gummies, and more. CBD is not psychoactive in it’s purest state, and when derived from the hemp plant and sold as a medicinal product, is “legal” in all states per the 2014 Farm Bill. CBD has shown to be an effective treatment for a number of ailments, including:

  • Epilepsy
  • Alzheimer’s disease
  • Parkinson’s disease
  • Multiple sclerosis
  • Cancer and chemotherapy side effects
  • Hyperemesis gravidarum
  • Anorexia Nervosa
  • Mood disorders
  • Nausea and vomiting
  • Pain and inflammation

CBD derived from marijuana plants has proven to be effective medicinally, however, taking it from marijuana increases the likelihood that CBD products will contain THC – the psychoactive ingredient in marijuana. THC is what makes cannabis products illegal in some states and countries, and therefore, the reason CBD merchants are considered high-risk. Due to federal laws regarding marijuana and THC products, many banks are not willing to open accounts for CBD merchants, regardless of state laws in the merchant or bank’s primary location. CBD merchants who are lucky enough to find a bank willing to approve their applications, they are often charged high processing rates (over 6%), or will often find their accounts closed without warning, leaving the merchant unable to operate their business efficiently. Additionally, popular payment processors such as Stripe or Paypal restrict processing for cannabis related businesses.

Good rates for CBD After doing lots of research and shopping around for merchant account providers, PayDiverse offered me by far the lowest rate. Their approval time was really fast too. Will definitely recommend them to others. Jamie M. PayDiverse CBD Merchant Account

They know the Cannabis Industry Working with PayDiverse was a breeze – getting approved for a merchant account is so time consuming, and these guys made the process much less painful than it would have been otherwise. I will recommend PayDiverse to my other colleagues in the CBD field for sure. Mike S. Pay Diverse Merchant Account

See also  Quicksilver CBD Oil

CBD Support Document Checklist

  1. Color Copy of Drivers License or Government Issued Photo ID
  2. Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
  3. Voided Check/Bank Letter
  4. 3 Months Bank Statements (personal if you don’t have business)
  5. 3 Months Processing Statements (if available)
  6. EIN Letter
  7. Articles of Incorporation
  8. Fulfillment Agreement (if applicable)
  9. Lab Results / Certificates of Analysis for products sold on website
  10. Website
    1. URL/Website must have THC of .3% or less and/or Legal in ALL 50 States
    2. Website must have legal company name and address listed on footer of landing page; terms & conditions page; privacy page; refund/return policy; shipping policy; contact page with customer service number and card brand logos on the checkout page

    Long-Term Solutions for CBD Merchant Processing

    PayDiverse is a CBD payment processor that provides CBD merchants with premium high-risk merchant services. We utilize a variety of processing techniques to ensure that CBD merchant processing is a smooth and simple process for our high-risk accounts. Some of the features of your CBD merchant account include:

    • Multi-bank processing (including off-shore)
    • No reserve
    • Fast settlements to merchants
    • Secure payment gateway
    • Chargeback alerts
    • Chargeback disputes
    • ACH/Check 21 processing
    • Fraud prevention and protection
    • Competitive processing rates (below industry standards)
    • Merchants can begin processing in less than 1 week

    As a hemp or CBD payment processor, PayDiverse works hand in hand with CBD merchants to protect their businesses from account closures, fraud, and chargebacks. We offer award-winning fraud and chargeback protection and have strong relationships with over 40 banks who work with high-risk merchants both in the United States and offshore.

    Pretty easy setup and minimal paperwork These guys got me approved within a week! Great experience and I will definitely work with them again in the future. Nick B. Pay Diverse Merchant Account

    Compliant CBD Credit Card Processing

    A customer walks into your store, chooses the product they want to purchase and brings it up to the counter to buy it. You tell them the price, but then they hand you a credit card.

    You regret to inform them that your business does not accept credit cards . The customer, without any cash on them, then has to put the product back and walks out of the store, not likely to return. They’ll find somewhere else, like a gas station, that accepts credit cards to fulfill their CBD needs. They prefer to pay with card, rather than going to an ATM to get a cash advance.

    Or, maybe this is more relatable to your business: Sales are going great, and you accept payment from both credit cards and cash. The business is growing and more customers are coming in each day.

    One day, you get an alert that your merchant account provider has dropped your business , no longer letting you accept credit card payments. For what reason? You’re considered high risk to your payment processor for selling CBD products, even though the products are completely legal and offer promising health claims, all while you require age verification for purchases. It wasn’t even your fault that you lost your account, but it’s the few bad apples that ruin it for everyone. You scramble around to find a new processor, one that will accept high risk business types.

    Every processor you’re finding, though, has high fees that will take advantage of you for years. They know you’re desperate and think they can make a ton of money off of that desperation.

    Your business needs a merchant account that won’t charge crazy high fees or cancel your account out of nowhere because you’re considered “high risk”. You need a processor that has experience with similar businesses and knows the struggles that you have already been through for trying to simply accept credit card payments.

    Many CBD business owners think that it’s too hard to get a merchant account, or that if they find one, the fees will be far too high. For the most part, they’re right. But with Shift, your interests are put first. We want to be the merchant account provider that changes your mind.

    What should you look for in a processor?

    Many merchants will give their clients a price up front, but hide fees or stipulations in the contract that allow them to raise the price after about a year. As a merchant processor for CBD and other high risk businesses, here at Shift Processing, we are very transparent about our fees and offer no termination fees should you choose to end your contract with us.


    When you accept credit cards at the point of site, it should be the last time you think about that transaction. You shouldn’t have any payment processing responsibilities beyond providing your customer with a credit card terminal and having them swipe the card.

    Accept Major Brands

    If a certain card brand can’t be accepted by your processor, then you’re more or less right back to where you started. You could easily run into the same issues that you had before if a certain type can’t be accepted. Keep that in mind and get a payment system and processor capable of accepting credit cards.

    Low Fees

    Most processors will charge ridiculous rates to high risk merchants because they know that you are probably desperate for a processor. Get a merchant account that is cheaper than the rest, without hiding fees that will grow over time.

    Can I get an online CBD Merchant Account?

    If you’ve ever tried to sell CBD products online, you understand the depth of the struggle in trying to secure an online account. Shift Processing specializes in both brick and mortar and online cbd accounts with a 99% approval rate for our cbd merchants.

    We understand that every business is different, and listen to each business owner to fully understand the best solution for your needs. This isn’t a cookie cutter business, and getting the right merchant account services for CBD can set you up for success for years to come.

    If you’re looking for an online CBD merchant account, you’ve come to the right place. Our staff is trained to get to the bottom of what will work best for you while keeping the fees low so you can grow your business.

    Does PayPal Accept CBD sales?

    PayPal will technically approve CBD sales. But does PayPal allow CBD sales? A quick Google search will show that PayPal is notorious for shutting down the accounts of CBD businesses without warning and even holding their funds. PayPal stops accepting purchases of CBD businesses very frequently. Because of this, PayPal is widely regarded as poor to work with for CBD businesses.

    An actual payment processor that has experience in high risk and CBD merchant processing and CBD payment processing in particular will be more beneficial to a CBD business looking to accept credit card payments.

    Processing CBD sales through PayPal is a huge risk. If they decide that you are too high risk for them, they have the right to, without warning, shut down your merchant account. The lack of warning provided to you means that you won’t have time to find another processor before they decide to shut you down. You’ll have to rely only on cash purchases until you’re able to find a processor that is willing to partner with high risk businesses.

    why not just accept cash?

    You could just accept cash, like plenty of other CBD businesses, but that would severely limit your customer base. You could stick out amongst other CBD stores, or do exactly what they are doing.

    Think about the necessity of accepting credit cards this way: Each customer that you have to turn away because of your inability to accept credit card payments is a purchase lost. But, how many sales are you actually turning down in the long run?

    CBD Merchants who accept credit cards typically see a 20% higher ticket than their cash-only counterparts.

    Each customer that you turn down will probably not come back again, because they’ll always assume that you can’t accept credit cards, even if you begin to accept them after they came in. Each customer that was initially turned down, then, could turn into tens of hundreds of dollars lost in future purchases by their assumption that you don’t accept credit cards.

    So, being able to accept credit cards really will turn into countless purchases down the road as customers know they are able to use a credit card and come back to your business because of that convenience.

    Why Shift is Good for CBD Businesses

    Experience with High Risk Businesses

    Shift has plenty of experience with “high risk” businesses just like yours. You’ll have a team of dedicated professionals to help you through the application and approval process. With a quick terminal set up, you can be accepting credit card payments in no time.

    Experience with CBD Businesses

    We’ve worked with both online and brick and mortar CBD businesses, and continue to do so because they trust us to process their payments at low rates and not cancel the merchant account.

    Earning the trust of your business and satisfying your need for a credit card payment processor, just like the other CBD businesses, is our number one priority.

    Low Monthly Minimums

    It’s common for processors to require that you, as a business, continue to process a certain amount a month in order to stay a client, or else you’ll face an additional fee to cover for the amount of the minimum that was not hit. With Shift, the monthly minimum for our CBD Merchants is only $25.

    Low Monthly fees

    Unlike other high risk processors, Shift does not charge massive monthly fees in addition to the per transaction fees. Minimal monthly fees means more money in your pocket.

    No rate increases

    How does a rate decrease sound? The longer you process with Shift and demonstrate that your CBD business is not such a high risk, you may actually find that your rate will decrease over time from where it began.

    Accept Credit cards

    Our credit card terminals and POS systems can accept credit cards. This will keep your business from falling back into the original problem of only being able to accept cash.

    What other processors offer

    • Stripe
    • PayKings
    • Square

    Does Stripe accept CBD payments? Does Stripe allow CDB sales?

    Stripe restricts CBD based businesses from accepting payments on their services. In fact, Stripe restricts any highrisk business in any industry, from the hemp oil and CBD oil industry to the gambling industry, from using their services. So while the product might be completely legal in your region, Stripe prefers to not take on that risk and will deny any CBD based businesses from using their services.

    Since we a lot of questions regarding Stripe CBD sales and Stripe CBD payments, we’ll explain their policy. For trying to obtain a CBD merchant account, Stripe really isn’t an option for your business.

    They have a policy against acquiring high risk clients. Since selling CBD is considered a high risk business, the Stripe for CBD policy is that your CBD business will not be allowed to process payments with them. Stripe CBD sales is a “no” for CBD payment processing.

    Does Stripe accept CBD sales? No. But Shift does

    Shift has plenty of experience with high risk businesses and knows what business owners need out of a processor. We put you, the customer, first and want to do whatever it takes to help your business succeed.

    Paykings is almost exclusively a high risk merchant provider. This means that almost all of the businesses that they work with contain some element of risk. With that, they have a lot of experience processing for high risk businesses.

    However, their standard fees start off at a fairly expensive rate, and with CBD payment processors having higher rates across the board than other high risk industries, will almost definitely grow even more costly.

    Shift also has plenty of experience, both with high risk and low risk businesses. However, Shift has lower fees across the board than the rest of the competition, not just as payment processors for CBD.

    Square is currently working on a credit card processing solution to allow them to be able to accept the payments on CBD products. However, this solution is currently just being tested with a few different CBD businesses on an invitation only basis. So, there could still be a while until Square has CBD ready payment processing solutions. Square overall, however, tends to have pretty high fees and usually only works well with small businesses because of those processing fees.

    Up until the trial testing of a CBD processing option, Square has refused to process the payment of the majority of high risk businesses that try to process with them. For the few that have gotten Square to process their purchases, they found that Square would many times hold their funds and take a while before finally clearing the purchase and allowing the funds to go through.

    Shift already has a processing history with CBD products and businesses at a fraction of the cost of other processors. With Shift, there is no waiting for the test version of a system of payment processing for CBD to be approved for the public. Instead, you can jump right in and begin processing CBD credit card payments in just a couple of days.

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