One of the reasons not all payment processors can offer CBD merchant accounts is the sponsor banks. Any merchant account that accepts debit or credit card payments must comply with PCI mandates. it would be challenging to continue processing CBD-related transactions without the company’s knowledge. Products Approved: Hemp-Derived Flower, CBD Oils & Tinctures (Human), CBD Oils & Tinctures (Pets), CBD Topical. Here are few important qualities when looking for a top CBD payment processor: Allows you to sell various types of CBD items A CBD merchant account allows for the uninterrupted acceptance of non-cash payments for the sales of CBD OIL and Cannabis related products. Elavon was responsible for a rumored 90% of online CBD merchant payment processing in the United States. CBD Merchant Account Approval. PaymentCloud Top Rated for Kratom Credit Card Processing. Best for Cannabis & Hemp Payment Processing: Canna Group LLC. Credit card payment processing companies facilitate high-risk merchant accounts with their special bank privileges to process digital transactions for industries, merchants, and products that. CBD Payment Processing 101. $125 of that is the onboarding fee and the other $500 is a deposit. As a result, you get the most favorable merchant accounts available for CBD payment processing. based companies shouldn’t be treated like offshore merchants. Cannabidiol (CBD oil) is a compound taken from hemp plants (cannabis sativa) also known as industrial hemp. Instant approvals might seem enticing, but they can lead to unforeseen complications. Have a website. 25% - 6. Take payments online, in-person, swipe, dip, emv. Also, you need a high-risk payment processor for your merchant account because high volume sales and e-commerce only increase the risk. Be denied services. The CBD processor HighRiskPay. Pinpoint Payments values your business and helps protect it: Industry-leading fraud prevention Real-time chargeback management “High-risk” merchant accounts . 6%-10% processing rates due to domestic US banks relying on offshore banks behind the scenes because CBD is “high-risk”. With its free virtual terminal that enables businesses to track CBD sales easily, PaymentCloud has one of the highest approval ratings of all CBD merchant processing solutions. Headquartered in California since 2010, PaymentCloud is a merchant account provider for low, medium, and high-risk businesses, now offering services for CBD sellers. First, your business must find a CBD merchant account provider. Low Rates & Fast Approvals. HighriskPay provides virtual terminal solutions for retail payment processing. Establishing a merchant account is a necessary step in any business, and a simple one, in most cases. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. 1-800-988-2215. Created for CBD e-commerce and retail merchants. PaymentCloud is a top recommended credit card processor for kratom businesses. 0That’s why our paths crossing and you choosing the best in CBD merchant processing is so valuable. Get fast account approval. Online payments, by their very nature, are considered high-risk transactions compared to in-person tap, chip or pin credit card payments. Banks underwrite and. Many people think that faster is better, but that's not. If you’re selling hemp derived CBD online, you need a payment processor that knows your business type and follows the industry’s progress. If you sell CBD oil, vapes, extract, or edibles and have trouble getting approved for a merchant account, eMerchantBroker is a good option. Here their processing company will collect important information. Within this labyrinth of legal intricacies, one significant hurdle stands out: payment processing. Twitter Facebook-f. 1. They have experience in working with both high-risk clients and large, well-established eCommerce stores. These funds are available in regular merchant accounts within two business days, but high-risk merchant accounts may have longer wait times. - #1 Kratom Merchant Processor Since 2009 - Kratom Merchant Accounts. Our team of experts specializes in high risk merchant accounts, such as CBD oil merchant accounts. Fill out the CBD merchant account application form. Summary: Although CBD was completely legalized in 2018 with the U. In need of a merchant credit card processor for my online ecommerce store where we sell Full Spectrum Hemp Extracted Cannabinoids: (CBD, CBG, CBDA). Welcome to The CBD Processors! We appreciate your visit and are very excited to present to you the premium merchant processing service for the entire hemp industry. #1 PaymentCloud Top Pick for Hemp Merchant Accounts. In 2020, the number of shoppers that shopped through Shopify increased by 52% from 2019. To help you on this journey, we've compiled a list of seven qualities you should look for in a payment processing partner for a CBD merchant account. Banks underwrite and subcategorize CBD. Due to the CBD industry’s high-risk classification, traditional financial services typically avoid partnering with those in this sector. Finding the best Shopify CBD Payment Processor for you as a CBD merchant processing Shopify company is very crucial. There are also laws in which these products cannot contain more than . The best CBD payment processor helps you get approved fast for your CBD merchant account. We specialize in compliant processing for CBD, D8, D9, D10, Hemp, Kratom & PIN-based debit cannabis sales. 5. 1. 2% and $. CBD merchant processing has been a revolving door of bank solutions that first say. 5%-3 months, 2. These startup businesses, companies selling vaporizers, CBD products, and software to marijuana users or marijuana companies, were kicked off payment processors and other mainstream business. 3% THC concentration as allowed by Federal Law. Now CBD is categorized as a high risk company regardless of what kind of CBD products you bring in your online store. Give us a call at (800) 993-6300 or fill out the contact form below to get your CBD vape merchant account approval process started. 0330 122 6418; Support;. 101—10231. These banks often require a reserve. Have you heard about a CBD store available in your area? CBD is used to address anxiety and for patients suffering from the misery of insomnia. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. Less chance of mistakes and discrepancies. merchant solution. Yes. 2% THC. Additionally, cannabis POS systems should be intuitive, easy to use, and backed by great customer support. Some of the features of your CBD merchant account may include: Multi-bank processing (including off-shore) No. Three months of processing statements. 75% rate comparable to a low-risk merchant account. SMB Global: Best for international merchants. A merchant account is essential for CBD businesses because it allows you to accept credit and debit cards, as well as ACH payments. Square’s CBD processing fees are below: Online: 3. Compatible with major shopping carts: WooCommerce, Shopify, Magento, Ecwid, etc. “BigCommerce Goes Green“. Recognized as one of the nation's Top CBD Merchant Processors by 10Buds for 2022The company has an extremely high approval record for merchant accounts. To process credit cards online, you’ll need a solution that allows your Shopify CBD business the ability to operate. How To Apply for CBD Merchant Account. She said that two other companies approved her business, but the rates were either “outrageous” or getting them set up could take at least three. Our average approval time is less than 48 business hours!Rating: Excellent. . Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of. Get the best high risk merchant account for your industry. I. The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. 1 Best Overall: Square. Card-not-present transactions. The loan amount can be as high as $250,000 and as low as $300. Dedicated Support. PaymentCloud, situated in California, has produced the best merchant accounts since 2010 and now welcomes CBD companies. 1 Best CBD Merchant Account Providers in 2021. Mon - Fri: 9:00 am - 5:00 pm; Apply Now. List of suppliers for CBD products. The service is powered by Tranzlytics and is well regarded for their wide range of services. For DigiPay, you must provide test results from an independent lab that demonstrate your CBD products don’t contain more than the 0. Have a shopping cart compatible with our dropshipping management system (coming soon) Have an approved CBD merchant processor. High Risk Merchant Account Specialists - From small businesses to Fortune 500 enterprises, organizations nationwide have trusted us to handle their high risk merchant accounts. What Is An Approved CBD Merchant Processor? If you sell CBD products online, finding a processing company that is approved for CBD transactions can be a challenge. Vape, Glass, CBD and Kratom Approved. Voided check or bank letter. Unlike other types of merchant accounts, CBD merchants must undergo heightened due diligence. What distinguishes merchant service providers from popular payment services providers is the. Get Approved & Start Processing with Peace of Mind. eMerchantBroker boasts an A+ BBB rating and can be trusted for all your CBD high risk credit processing needs. Research necessary regulations. Your business needs a powerful and secure high risk payment gateway, chargeback prevention, dynamic currency conversion, and a suite of fraud prevention tools. Vape, Glass, CBD and Kratom Approved. We would like to show you a description here but the site won’t allow us. We are a CBD processor who works on making customers happy and we support multiple payment options such as credit cards, debit cards, and ACH. 3% total Δ9-Tetrahydrocannabinol concentration. Therefore, serious businesses can hardly avoid CBD payment. PayKings helps countless hard-to-approve merchants get approval for a CBD merchant account with our in-house. S. Merchant Services for ALL business sizes and types. They might take you on at. Limelight is a perfect choice for predicting your promising earnings and plug into your fulfillment houses. CBD Merchant Credit Card Processors. With many ways to accept payments and create websites, it can become confusing for merchants to know the best practices. Elimination of unnecessary hours you and your team spend on invoicing, billing, and payments, so you can focus on what matters the most – growing. Based out of Sherman Oaks, California, PaymentCloud has been in business since 2010. Currently, PaymentCloud is our top recommendation for talking card payments as a hemp business. But proponents claim it can have significant health benefits. And since we have a 99% approval rate, there. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. We specialzie in CBD & High Risk Processing. All payments processed while participating in the CBD Program, including non-CBD items, will have the following costs: Payment Method. Subscription-based companies that. net as a bridge to connect them to your Miva store: First Data. When applying for a CBD merchant account, it’s crucial to ensure that the payment processor thoroughly underwrites new accounts and performs enhanced due diligence. As a result, many banks, payment gateways, and payment processing companies categorize CBD sales as high-risk transactions and don’t support them. 7. So, whether you specialize in CBD oils, gummies, lotions, or any other product, we will help you scale your business. Call Now: 1-888-839-8688. The exact process varies from one merchant processor to the next. If you’re serious about growing your CBD vapor business and establishing a lasting payment processing solution, contact us today. Apply for a CBD Merchant Account now. It’s not a stretch to say a lack of CBD payment acceptance capabilities leaves many businesses dead in the water. Accept payments for CBD products with a CBD payment gateway → 100% approval rate Expert risk management 24/7 support - Grow your business. Here are five other considerations for selecting a payment solutions provider for your CBD business: 1. Boasting competitive chip, dip and swipe rates, PaymentCloud utilizes third-party processors and collaborates with banking institutions throughout the U. Tap, dip, or swipe transactions. This includes B2B and. Steps for Setting up a POS System for CBD Merchants. I'll also give a positive shout out to Emerchant Broker (EMB) for doing an awesome job of helping CBD sellers. The only FDA-approved drug that includes CBD is Epidiolex. Securing a merchant account is essential for any business that wants to accept credit card payments, but the process can be especially complex for businesses selling CBD. In recent days, it has been just cbd sour gummy worms snowing, and the roofs and distant hills are sleeping quietly under. This provider specializes in hard-to-approve business types and can currently supply kratom merchant accounts, Hemp merchant accounts, and even CBD merchant accounts. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin. 98% Approval Rating. ” Which, while it may look like a great selling point for the merchants’ CBD Shop UK , it backfired heavily. The key lies in finding the right partner for CBD credit card processing. ECS’s services and solutions include: Credit card processing. We provide Smoke Shop Merchant Accounts credit card processing with Free POS and 2. For example, business owners may: Have strict limitations on the number of transactions that can be processed per month. . Through our business solutions network, we were introduced to the CBD. Most of all, you need a HIGH RISK MERCHANT ACCOUNT provider that provides stable solutions and great rates. Get Started. 7. ACH Payment Processing; Chargeback Prevention Tips;. It is flexible and can scale with your business. Call us today! We use cookies to ensure that we give you the best experience on our website. This includes processing for hemp wholesale, distributors, sellers of hemp-derived products, or other. Our dedicated staff is familiar with the Cannabis merchant processing industry and is always updated on changing legislation and how it affects your business. Quick Recap: The 4 best CBD merchant service Providers. Pretty standard application process, but they can get you up and running pretty quickly. PayKings steps in as the reputable and knowledgeable payment processing company for your CBD Oil merchant account. 1. While the industry standard for high-risk payment processing is four days from the date of the transaction to the time of the deposit, electronic funds transfer processed by High Risk Pay will typically reach your account in 24–48 hours. As you can imagine, there are hundreds of different merchant category codes. We offer a quick and painless approval process. The average setup time is less than 2-3 business days. Apply to receive a payment processing account. If your application is in full working order. The landscape is changing every day in the processing world. 95% FLAT. S. Farm Bill, its association with the cannabis industry at large causes it to be seen as high risk in the eyes of conventional payment processors. This gives. Working with a company that specializes in working with high-risk merchants - which CBD businesses are. Trustpilot. Merchants have had to deal with unconventional payment and non-transparent payment solutions for years with some combination of ridiculous pricing, inconvenient funding terms, holdbacks and reserves, and the issue of being shut down months after getting approved. 3 Best for Fast Approval Process: PayKings. Credit card payments are deposited through ACH directly into the account. A disclaimer page to help your store’s aesthetic and, of course, pass information and warnings to customers. Option 1: CBD Domestic Program (Take payments in 3-7 Business Day) Payment solutions for all CBD payment types: In-Person, Online, & Mobile. 5% + 10¢. Selling CBD is a high-risk business. 1. With easy integration, our top-of-the-line products give you more flexibility to accept payment for CBD and Delta 8 however and whenever you like. The main reasons that Stripe does not accept CBD/Delta 8 are as follows: 1) Legal Restrictions: CBD and Delta 8 are heavily regulated, making credit card transactions risky for banks and processors. Immersed in Knowledge and Focused on Your. We offer an online processing of your merchant account application so we can begin processing your application immediately. Low Rates. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. We treat it just like any other American-based business. family. A high risk merchant account cbd is essential so that the account holder receives the payment processing services necessary for accepting credit and debit card transactions. 1. 25 per transaction. However, many providers, seeing the demand, have stepped in to provide merchant services tailored especially for the industry. In addition, many marketing platforms prohibit you from. Even CBD, which was descheduled under the 2018 Farm Bill, has had its difficulty securing merchant. If you sell CBD oil, vapes,. Once you receive approval for a CBD merchant account, your payment processor will send your processing hardware and equipment and get you integrated. 877. 6 Best for Flat Rate Pricing: PayWize. USA Payments is the high-risk processing expert your CBD business needs. Helping merchants understand the problems they face so they can be approved for high risk merchant processing. Be denied services completely. Here are our picks for the best credit card processors for small businesses: National Processing: Best For Low-Cost ACH/eCheck Processing. However, these fees are dependent on the risk level of your business. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. They offer a variety of products and have a strong brand recognition. A CBD merchant account is a merchant account that has been specifically approved fro use in processing payments relating to the sale of CBD products. PayKings –. Here are brief overviews of the seven best merchant account providers in the industry that accept CBD merchants: 1. Why Because now I have Merchant Processor For Cbd to believe that the legends of the Bermuda cbd gummies uly Triangle have certain authenticity. DigiPay is fully integrated with. Mallen, the Head of Business Development at LimeLight, has worked in the high-risk merchant processing space for more than five years. PaymentCloud is a top recommended credit card processor for kratom businesses. Tetrahydrocannabinol (THC) is a psychoactive compound and. lawmakers, Facebook has decided to remove. Securely set up your system following Payment Card Industry Data Security Standards (PCI-DSS) guidelines. If you’re a “hard-to-place” merchant, like a medical marijuana dispensary or hemp oil manufacturer, you likely face difficulty. With over a dozen high-risk acquiring banks at our fingertips – we are in a prime position to get CBD and hemp. S. This means that CBD merchant accounts are exposed to a larger-than-usual degree of chargebacks and fraud, which will naturally unsettle a large, risk-adverse institution like US Bank. PaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. See morePaymentCloud’s bread and butter are finding payment processors for high-risk merchants, so it’s an easy choice for CBD. Online payment processors fall into two categories: With direct processors (a. Charlotte's Web is a huge company with strong brand recognition, which can help with marketing and sales of their products. Keep in mind that Shopify has only opened this up for US-based. CBD businesses may be subject to unavoidable high-risk merchant account fees. Furthermore, their representatives know the most painless ways to assist in opening your merchant account so you can begin processing payments as. I am not going to remove them, so looking for a good, fair, processor t. Click or ☎ call (855) 339-6004 for more information today! Call Us On: 855-339-6004 | Follow Us On: Home; About us; Our Services. Yes, you can sell CBD in all 50 states on Shopify. 2. Georginix is a big supplier with fast response times and valuable advice, but website compatibility with Shipstation and pre-approved CBD merchant processor are required. To help you on this journey, we've compiled a list of seven qualities you should look for in a payment processing partner for a CBD merchant account. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. Luckily, there are payment processors like PayKings that specialize in providing high risk merchant accounts for CBD businesses. Shopify. The key lies in finding the right partner for CBD credit card processing. Get your Shopify CBD online store off the ground with a CBD Merchant account and. CBD is thought to have an array of health benefits. Our team is dedicatedto getting you approved. 420. Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal compliance within the CBD sector. Adept Payments offers payment processing, merchant services, and business solutions to all industries. 3% more THC. This is great until you start processing and they realize what you are selling. com. We expect this to continue until the banking and financial industries are able to adjust and catch up to the new laws around CBD products. Begin accepting credit and debit cards for CBD products today by filling out EMB’s simple online application. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. Last September, Shopify made the announcement that all US-based merchants utilizing their platform will be allowed to sell hemp-derived CBD and CBD-type of products only where it’s permitted by state and local law. Prior to applying for merchant accounts, you should ensure they have several months of good processing histories and few chargebacks. Moonlight Payments is our recommended choice for CBD merchant account services, with its industry-focused features, integrated solutions, and commitment to legal. If you want to start a Cbd business, one of the first problems you will encounter is payment processors and merchant accounts. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. Signing up with the best CBD merchant processing company from day one saves you the time and frustration of getting shut down by. Delivery is allowed as dictated by local and state laws. Seamlessly integrate with over 70+ online shopping carts. This is possible because hemp contains less than 0. If you’re serious about taking your CBD business to the next level and establishing a payment processing solution that will last as long as you do, contact us today. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. Once you receive approval for a CBD merchant account, your payment processor will send. On top of merchant cash advances, we offer a variety of cannabis payment processing solutions to businesses in the marijuana industry, including: Contact Paybotic at 844. In certain cases, businesses listed below may be eligible for processing with explicit. The BC Liquor Distribution Branch (LDB), under the brand BC Cannabis Stores, only sells non-medical cannabis produced by licensed producers approved by Health Canada. What you need to know: The payment industry has been slow to adopt the CBD vertical, but the landscape is changing rapidly. Best CBD Merchant Account Provider: Moonlight Payments. S. A CBD merchant account is essential for any CBD merchant. A CBD merchant account is a merchant account designed for CBD sellers and businesses. Property management companies processing monthly rental payments. Generally, the approval timeline for a CBD merchant account with QuadraPay is as follows:A CBD merchant account is a merchant account that’s been specifically approved for use in selling some or all types of CBD products. A U. Durango Merchant Services: Best For Offshore Merchants. Merchant Funding. 95% + $0. In addition to higher processing rates, CBD merchants may all see increased chargeback fees, PCI compliance fees, early termination fees, and even merchant account reserve withholdings. Merchant accounts are generally established under an agreement between a merchant and an accepting merchant getting bank for the settlement of credit or debit card transactions on their. Companies must also. During this time, he has spoken with. FREE Account Set-Up. Lower prices. Whether you are a startup CBD merchant, a mid-sized business, or a huge company processing millions per month, you can get a CBD account easily. 6% + 10 cents for every tap, dip, or card swipe that happens in person. business checking account is one of the requirements to open a high-risk merchant account. The best rates for CBD credit card processing in the USA and Canada. Getting Started: How to Sell Credit Card Processing and Merchant Services. Even though hemp, and by extension CBD oil, has been. Shopify’s payment processor doesn’t support CBD stores. Defend your business against uncharted fraudulent activity and chargebacks. Total set-up time is 15 days. Since its founding in 1997, High Risk Pay has become one of the industry’s firms with the most rapid expansion. CBD and THC are marijuana-derived, but cannabis has 0. Once you apply for and receive approval for a CBD oil merchant account, you will then be able to fully utilize the payment processing portal. Georginix is a big supplier with fast response times and valuable advice, but your website must be compatible with ShipStation and you must have a pre-approved CBD merchant processor to partner with them. PaymentCloud:. We provide your business with a way of managing and caring out large transactions. The merchant must grant the processor access to scan their POS system intermittently, and usually once a month, to ensure no unapproved products have been added to the merchant offerings. As you can see, a Stripe CBD merchant account is not specifically on this list. 1. Electronic checks also process quickly. Set up complete ACH and eCheck payment options to accept and initiate direct deposits. These guys got me approved within a week! Great experience and I will definitely work with them again in the future. Clover POS: Best For Sophisticated Processing Hardware. Don’t let high fees suck your company dry. Find a dropshipping supplier The Importance of Partnering with a Seasoned CBD Payment Processor With greater acceptance of CBD products in the marketplace, they’ve been able to get thousands of CBD payment gateways approved. You partner with a CBD-friendly payment processor and merchant account; That all may sound like a lot, but it’s rather easy to get CBD-friendly payment processing and merchant accounts if you’re in. Adhering to these standards is challenging with a cash-only or self-managed payment processing strategy. This booming industry has prompted many people to launch their own CBD businesses, yet many are running into challenges selling. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Shopify’s payment processor doesn’t support CBD stores. Adept Payments, a financial services company, pledges reliable, customer-centric payment processing solutions. A. HEMP. (877) 441-6801. Bankcard International is a payment services provider that offers POS and virtual processing services for diverse industries, including the CBD sector. FDA approved certificate Your CBD product business plan (not mandatory but important). Merchants with businesses that require high risk credit card. If a product has been added that has a higher THC level greater than . (Even low-risk businesses can wait up to 1-2 business days for approval. Also, it’s recommended to speak to a lawyer about the regulations in your state and to verify compliance. A New York-based investment bank by the name of Cowen & Co. Our payment processing services offer fraud protection to secure your account and your cardholder’s data. The company was founded by a group of industry veterans and offers merchant services to cannabis, CBD payments and other high-risk sectors. Accessed March 1, 2023. We help businesses that would normally get turned away . To sell CBD products, however, most merchants will need a high-risk CBD merchant account and an acceptable CBD payment gateway. If you’re ready to take your hemp-based business in North Carolina to the next level, it’s time to set up a CBD merchant account! CBD Businesses Wanted. This entails filling out a general form, then adding details to a more thorough merchant application. com, for example, specializes in high-risk transactions. You can only send notifications related to CBD products and shops by email. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Though selling CBD oil is legal in all fifty states, banks and merchant processors consider our business “high-risk” and getting approved for a merchant account will likely be difficult. Square Payments. You must have minimum weekly sales of at least $1,500 and a short of selling CBD. The future sales of food and dietary supplement products containing CBD, which are commonly referred to as edibles, remain stalled at state and federal laws. Best CBD Merchant Account Provider: Moonlight Payments. With Shift4Shop, there's no need to search for a high-risk payment processor. Looking for high risk CBD merchant services? Contact High Risk Payments today to learn more about our tailored solutions for CBD merchants. The best CBD payment processor helps you get approved fast for your CBD merchant account. Shopify currently recommends two CBD payment processors - DigiPay and Sezzle. We do everything we can to make the application process simple, easy, and painless. Without some type of service in place, you would only be able to accept cash (or checks, if you choose). In this blog post, we'll take an in-depth look at 7 simple yet effective tips that will help ensure that you get the right CBD merchant processing services for your business. The short answer is, yes, you can sell CBD products on Shopify. Kevin, What are the 2 processors that you are referring to in your comments? I need to find someone quickly - we added CBD to our medical equipment lineup and now I'm told that I have to remove them or find a new processor. EMB are reputable, high-risk specialists, providing high-risk merchant accounts for CBD merchants. With online CBD sales, the processor frequently scans the website for products not approved on the merchant application. However, you’ll run a lower risk of account freezes and holds. Therefore, CBD remains high risk or hard to place. Best for Cannabis & Hemp Payment Processing: Canna Group LLC.