CBD Merchant Account

As a CBD business owner, you provide relief to your customers—now let Mega Payments deliver payment processing relief to you! We are dedicated to offering advanced merchant accounts for CBD businesses throughout the nation. Contact us today to get started!

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Starting a CBD Merchant Account

To accept credit cards, debit cards, and other popular payment methods, you’ll need a merchant account—a special type of bank account where transactions are deposited. Fortunately, securing a merchant account for your CBD business is straightforward with Mega Payments. Start by filling out our contact form, and an account manager will be in touch.

Your dedicated account manager will review your business details and recommend the best payment solutions for your specific needs. Once you decide to proceed, they will help secure and customize your chosen solutions. After your account is approved, you can start processing payments as soon as the next day.

Competitive Rates

Experience exceptional savings with Mega Payments’ competitive rates, designed to keep your business’s processing costs low.

Dependable Processing

Rely on Mega Payments for dependable, uninterrupted payment processing that keeps your transactions smooth and secure.

Simplified Integrations

Mega Payments offers simplified integrations, making it easy to connect your payment systems with leading business platforms.

High-Risk Expertise

With specialized expertise in high-risk industries, Mega Payments provides robust support and tailored solutions for complex processing needs.

Fast Deposits

Enjoy rapid access to your funds with Mega Payments’ fast deposit services, ensuring your cash flow remains steady and strong.

Transparent Underwriting

Trust in transparent underwriting with Mega Payments, where clarity and honesty guide every financial assessment.

We are Proud to Partner with some Great Companies

Read what our satisfied clients have to say about their experiences with us.

					I called Midwest to add a credit machine to an urgent care that opened up new it was the best idea. The process was so simple, they came out to install the machine the next  day. Super easy to use and no one can beat their rates.				
Zee Alnajjar
December 15, 2023 

					Great and fast service setting me up with my credit card processing! Highly recommend to all!!				
Ashley Robin
January 15, 2024 

					Top of line service! Best rates l! They have been servicing my company for 5 plus years with no headaches no surprises! Highly recommend				
Calvin K
April 15, 2023 

CBD & Hemp Products We Support

We support businesses that sell traditional CBD and hemp-derived products, as long as they contain less than 0.3% THC and are operated in areas where cannabinoid-derived products are legally permitted. Here is a list of the types of products we support:

CBD for Skincare
Tinctures & Oil
CBD Supplements
Beauty Products
Pain Relief Sprays
Hemp Oil
Pet-friendly CBD Items
CBD Ingestibles
CBD Drinks

Our services are tailored to help merchants in this industry thrive by providing reliable payment processing solutions for these specific products.

Merchant Account Types For CBD

At Midwest Merchant Services, we are dedicated to supporting CBD merchants across various business models. Our comprehensive range of payment processing solutions is designed to meet the specific needs of your business.

Online:
For eCommerce CBD merchants, we provide advanced payment gateways that ensure you can accept online payments securely, enhancing your customers’ shopping experience.

Retail:
If your CBD business has a physical storefront, our retail payment solutions feature both stylish stationary and mobile card readers that are easy to use and enhance the aesthetics of your setup. This helps you accept payments smoothly and maintain a professional look.

Over the Phone:
Increase convenience for your customers with our secure virtual terminals. Accept payment details via phone and email easily, using interfaces that simplify the process of handling card-not-present transactions.

Each of these account types is tailored to facilitate efficient, secure, and compliant transactions, ensuring your CBD business operates successfully in its unique setting.

Credit Card Processing Rates & Fees for CBD Businesses

The credit card processing rate for your CBD business varies based on several factors, such as the level of risk associated with your operations and whether your sales are online or in-person. Your account manager at Midwest Merchant Services will determine your specific rate after evaluating these aspects. Typically, rates for CBD payment processing range from 2.95% to 5%, not including additional fees like monthly service fees and other merchant account costs.

We believe that while it’s necessary to invest in your business, it doesn’t have to be excessively expensive. At Midwest Merchant Services, we offer competitive rates and transparent pricing, free from hidden fees or long-term contracts. Your dedicated account manager will provide a clear overview of your contract during onboarding and remain available to address any questions you may have for the duration of your account.

Requirements to get a CBD Merchant Account

To establish a CBD merchant account, you will need to provide the following documentation:

Government-issued photo identification: A valid ID such as a driver’s license or passport to verify your identity.
Signed merchant application: A completed and signed application form required by the merchant services provider.
Voided check or bank letter: This is needed to set up the funding aspects of your merchant account.
Three months of bank statements: These are used to assess the financial health and stability of your business.
Three months of processing statements: If applicable, these statements provide insight into your current processing volumes and patterns.
Up-to-date certificate of analysis (COA) for CBD products: This certificate proves that your CBD products comply with legal THC limits and other regulatory requirements.
List of suppliers for CBD products: This helps verify the legitimacy and quality of your product sources.

These documents are essential to ensure compliance with regulations and to facilitate a smooth setup of your merchant account.

Innovative Solutions for Modern Challenges

At Mega Payments, we recognize the myriad challenges that today’s merchants encounter in running their businesses. That’s why we crafted a tailored solution. Our complete integration suite allows merchants to unify and simplify their systems. Managing a business involves numerous components, but that doesn’t mean they need to be scattered.

Tailored Solutions: Offers customized solutions that address the specific challenges merchants face in managing their businesses.

Streamlined System: Provides a comprehensive integration suite that simplifies and consolidates business systems, making management more efficient.

Enterprise-Level Integration: Access to a wide range of enterprise-level integration options that ensure seamless connectivity between payment processing and other operational systems.

Comprehensive Connectivity: Supports integration with various aspects of business operations such as inventory, accounting, and customer management, enhancing overall functionality and control.

Get Started Today