Those engaged in CBD business are well aware of the fact that the CBD niche relates to the so-called "grey" businesses, even despite its federal regulation and completely legal status in the US. But the lack of FDA approval, CBD brands still face some limitations, especially when it comes to payment processing. To accept and process payments from the customers, you have to use a specific system that will help to withdraw the money from the CBD niche.
Below we have overviewed the top 3 CBD payment merchants the collaboration with promises to be safe, transparent, and cost-effective. Let's consider them for your CBD business as well.
Merrco.ca - The Best Canada CBD Payment Processor
This payment processor is the top Canadian CBD vendor. This is not surprising since the platform offers simple solutions not only for online business owners but also for offline sellers. The platform also offers profitable solutions for those whose activities are related to CBD products. It is worth noting that cooperation with this company is possible with a license for such activities. It is a Saas platform that markets itself as a secure payment solution provider.
With this system, you get the opportunity not only to receive payments but also to make sure that your client does not break the law when buying products. The platform also includes the safe delivery of the product.
As for prices, most companies in this area do not disclose their price list. To find out the cost and all the conditions of cooperation, you must fill out the form after which the platform team will contact you. You must indicate your contact information and your company details.
Pros
- A good range of convenient and secure payment systems for your customers.
- The payment processor allows you to use all major local and international debit, credit, and prepaid cards.
- Availability of "Merrco Gift'' service. The service allows you to attract new consumers to your business, using various promotional materials. For example, e-gift, promotional cards, reloadable cards, and so on.
- The ability to integrate the system with WooCommerce, Shopify, and the Point-of-Sale or Seed-to-Sale.
- Verification of your customers, which provides reliable protection in the context of the law. As soon as the buyer enters card details, Merrco will start checking the user whether they can purchase CBD products (it is about age, geofencing).
Cons
- Like most payment processors that work with CBD product providers, you will not find pricing and fee circs information publicly available. This information will be available only when communicating with the platform team.
- There is no feedback from real consumers on the Internet, which is also not surprising considering the niche of the payment processor.
- The support team does not work on a 24/7 basis, you can ask for help during company business hours.
cureopayments - The best EU Payment Processor
This payment processor is popular in Europe, which is regulated by DNB (Dutch Central Bank). The platform provides financial services between the buyer and the seller.If we talk about the arsenal of payment methods, then the platform offers not only local but also international payment options. There is also the possibility of paying with a bank card (Visa, Mastercard, and Maestro) and PayPal. The company offers a service through which you can engage in international trade while bypassing administrative and regulatory issues in the context of payments. Actually, for this reason, those who operate in such an area as CBD in the European Union choose this particular company.To get acquainted with the cost of services, you will need to contact the company directly. The official website of the company notes that the fee will depend on the number of monthly transactions. On the platform website, the user can create a profile to have access to transaction statistics, view payments for a certain period, and methods of payment.To receive detailed information and start cooperation with the platform, you must leave a request on the official website, after which representatives of the company will contact you to discuss details regarding cooperation.
Pros
- Almost all payment systems are available, including the international options.
- You can get full access to all transactions in the profile. It is possible to filter the history of the transaction by various criteria, for example, by payment method or country.
- The ability to receive international payments, bypassing the administrative and regulatory issues associated with international trade. The option is available for 22 countries.
- Suitable as a payment processor for eCommerce
Cons
- There is no open information regarding the business sectors the company cooperates with.
- There is no price list and information on fees in the public domain. This information can be obtained during a consultation with a company representative.
paymentcloudinc.com - One of The Best US Processors
It is one of the most popular payment processors in the United States. The advantage is that this payment processor cooperates with many banking institutions throughout the whole country. This platform is a reputable vendor with many positive reviews from real users. Users point out in one voice that they are provided with detailed information about the service, help, and support.The platform provides a good payment solution for high-risk companies. This payment processor is suitable not only for CBD vendors but also for other business directions. The company does not publish in the public domain a list of all directions, especially prohibited ones. But when it comes to CBD, it is the undisputed leader in the US market.By the way, the platform team is taking all the necessary measures to eliminate all risks that may affect the receipt of a refusal. For example, information on social media and even documentation issues. As for the cost of services, everything will vary individually. This will be influenced by the type of business, sales volume, credit history, and so on.
Pros
- When it comes to pricing, consumers are faced with a predictable fixed price.
- The ability to keep track of your finances with monthly invoices.
- High level of service and customer support.
- Availability of both mobile and virtual terminals.
- Possibility of credit card integration.
- Integration with terminals, gateways, and third-party shopping carts.
- Full compliance with current legislation in the context of CBD.
- A lot of positive reviews from real consumers. Users note not only the quality of services but also the high level of support from the platform.
- The support service works around the clock.
Cons
- Information regarding the cost of services is not publicly available. To find out the prices, you need to contact the team of the company. It is worth noting that you do not need to rely on information regarding prices that is found in various reviews. The cost of services will be calculated based on your business and sales volume. Reliable information regarding the cost can only be provided by a personal manager who will cooperate with you on behalf of the platform.
merrco.ca
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Country
Canada
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Terms and conditions
To get the detailed information, you need to contact the representatives of the company.
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The availability of customer reviews on the Internet
No (this is due to the provision of services for companies with a high level of risk)
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Is it safe to use a payment processor?
Yes, it is one of the trusted payment providers on the local market.
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The level of customer support
A high level of customer support. The only drawback in this point is that there is no 24/7 customer service. You can get help only during business hours.
cureopayments.com
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Country
Austria, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, UK
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Terms and conditions
The fee will directly depend on the number of monthly transactions. There is no detailed information, the price and terms of cooperation are available only after consultation with a company representative.
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The availability of customer reviews on the Internet
No (this is due to the provision of services for companies with a high level of risk)
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Is it safe to use a payment processor?
Yes, the activity of this payment provider is regulated by DNB.
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The level of customer support
There is no data about customer support. It is possible to contact the company via email or phone that is indicated on the official site.
paymentcloudinc.com
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Country
USA
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Terms and conditions
The cost of services and fees will depend on many factors. This applies to the area of business, turnover, credit history, initial chances of cooperation approvals, and so on. The final cost and conditions of cooperation will be provided by a personal manager.
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The availability of customer reviews on the Internet
There are many positive reviews in the public domain regarding cooperation with the platform.
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Is it safe to use a payment processor?
Yes, this is one of the trusted payment processors in the USA market. There are a lot of positive reviews in the public domain.
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The level of customer support
It is possible to get help around the clock. Based on the real feedback, all users will note the high level of support. Personal managers are ready to provide any information at any time convenient for consumers.
Conclusion
Choosing and setting up the right CBD payment is essential for keeping calm that your financial turnover is protected. What's more, you already have three safe options to choose from. The only task remaining is to set them up in the right way, and we, at CBD Local SEO, would be glad to do it for you!You are welcome to fill in the form below to get started with accepting safe payments from your CBD users!
If you would like us to assist you with the CBD Payment Merchants just press "Book an estimate" button and we'll reach out to you shortly.