“A ship in the harbour is safe, but that is not what ships are built for.” – John A. Shedd.
This quote explains that there will be risks in every aspect of life, but that doesn’t mean we are not going to venture them. Same goes for those who want to apply for a high-risk merchant account.
The phytocannabinoid substance that is obtained from hemp or the Cannabis sativa species of plants is called Cannabidiol (CBD). And CBD is not a psychoactive as marijuana even though the plant source is the same because it does not contain the psychoactive Tetrahydrocannabinol (THC). But CBD is still a very controversial product because of the illegality of the hemp-derived products in many states, even when CBD is a form of medical marijuana which is legal in most US states.
The CBD products have been placed in the high-risk area by the processing industry, and according to them what makes them label CBD as a high-risk merchant account are,
- Regarding CBD, there are plenty of unsubstantiated claims that question the efficiency of the product.
- CBD also has high rates of chargeback.
- And the distribution of the product is constrained to particular areas due to legal issues.
However, it isn’t easy to find a high-risk CBD merchant account that offers all the necessities like excellent customer service, reasonable prices, and fair terms in the contract. For the ease of readers, we will list down a few best CBD merchant accounts.
Some of the best CBD merchant accounts are:
- PaymentCloud – They might be new to the CBD high-risk merchant accountpayment processor, but PaymentClud provides excellent customer services.
- Allied Payments – They offer online merchant account instant approvalto high-risk merchant accounts.
- com – In the industry of high-risk merchant accounts, the Highriskmerchantexpert.com is a proficient reseller that grants online merchant account instant approval with payments processing solution services across various countries.
- USAePay – One of the leading payment gateway service provider is USAePay which is PCL certified. And they offer tailored solutions and excellent customer support, which makes it one of thebest CBD merchant accounts.
- NMI – They offer detailed insights on transactions to CBD merchants with various payment options.
- Easy Pay Direct – They help high-risk merchant accountsin CBD as well as low-risk companies with high-grade payment gateway.
- Pay Kings – They are acknowledged as one of the most reputed service provider in the CBD industry with very low affordable rates and seamless integration in various platforms as they also are considered as one of thebest CBD merchant accounts.
- SMB Global – They offer a great start to CBD high-risk merchant accountsor startups with several offshore accounts and fair contact terms with reasonable prices.
- PayWize – One of the most attractive features of Paywize is providing monthly billing options to high-risk CBD businesses which makes it one of the best CBD merchant accounts.
- Paydiverse – In the industry of high-risk merchant accounts, Paydiverse has a vast network of high-risk banks which is still growing, and Paydiverse provides fast approval to the applicants in only three easy steps.