Selling CBD Oil Online – Your CBD Oil Solutions for Payment Processing
May 20, 2019 | High Risk Merchant Account | PayKings
As many CBD merchants and sellers know, getting payment processing solutions for their CBD products can be challenging. To the popular online payment processors like Stripe and PayPal CBD oil merchants are labeled a “prohibited business.” And if you’re looking to sell CBD through the popular eCommerce platforms like Shopify or Amazon, you’re also out of luck. For sellers, getting CBD oil solutions can be an exhausting journey.
When it comes to selling CBD oil from home or through your eCommerce platform, PayKings offers dependable payment gateways and credit card processing for CBD oil merchants as well as reliable CBD oil solutions for eCommerce sellers needing to accept credit card payments online.
One common mistake that many who need a CBD oil merchant account make is asking themselves:
Does Amazon sell CBD Oil?
With the assumption that using one of the biggest online retailers to sell CBD oil or CBD vape juice may seem like the most obvious choice – but in answering the question “does Amazon sell CBD oil” – the short answer is no.
The underwriting process at Amazon does not allow for CBD oil merchant accounts to be approved because CBD vape juice (and similar products with CBD) are too highly regulated which makes them too high of a risk. This declined application process will also be true when seeking out a Stripe high risk CBD merchant account or PayPal CBD merchant account – all doors with aggregate payment processors will be closed.
In essence, there is no such thing as a Stripe or PayPal CBD merchant account. This is due to the precarious legality of cannabis-derived products. In many states in the US, cannabis is still illegal. So to online credit card processors like PayPal CBD merchants are prohibited from using their services.
So then merchants who are not yet established with credit card payment processing options are left wondering how to sell CBD oil or how to become a CBD seller.
One thing is for sure, in this sector it’s notoriously hard to become a CBD seller, whether that be selling CBD oil vape juice online or being set up to sell CBD oil from home – regardless of your strategy to sell CBD oil, you will first need to find reliable credit card payment processing.
Luckily, PayKings specializes in helping companies like yours, whether your shopping cart and site builder is in WordPress and WooCommerce, or any one of the hundreds of others.
So, let’s start at the beginning of this process:
How to Sell CBD Oil and Get the Payment Processing you Need
If you were already online and selling CBD oil vape or various other products related to CBD vape juice for, say 6 weeks prior to when an aggregate payment processor like Square, PayPal, or Stripe finalized their underwriting process – chances are your CBD oil merchant account was frozen or shut down completely. Why is that? Well, these companies don’t work with industries that are considered to be high risk. And, unfortunately, a CBD merchant account happens to require the expertise of an experienced payment processing company, like PayKings, who can say “yes” to your high risk merchant account application.
Finding reasonable CBD oil solutions doesn’t have to be impossible. We at PayKings work specifically with businesses who are in high risk industries and can help you become a CBD seller with the lowest rates and the most reliable credit card payment processing solutions.
If you’ve got a solid business selling CBD oil and just lost your processing, it is important for you to know that a payment gateway is only compatible with how to sell CBD oil if it’s set up correctly. You can become a CBD seller and be set up with a CBD merchant account in as little as six minutes – it’s as easy as starting with your free QuikQuote.
What is CBD Vape Juice?
First off, CBD oil stands for Cannabidiol oil. Also known as hemp oil, it is typically extracted in the hemp version of the Cannabis plant. The association between cannabis and marijuana is very powerful, but there’s a distinct gap. Hemp and marijuana are two different plants that come from precisely the exact same plant family; Cannabis.
Though the bud variety includes a substantial amount of THC and is for recreational or medicinal usage, hemp has a vast diversity of benefits and uses and contains only trace amounts of THC (less than 0.3%). THC is the active ingredient in the plant’s recreational type called “marijuana.” Since hemp doesn’t contain enough THC, it cannot create the same recreational use effect – that said, CBD oil has many valuable medical and health advantages.
The human body has what has been named the “endocannabinoid system” which was first discussed by researchers analyzing the effects of cannabis on the body. This discovery has shifted the business of selling CBD oil into full swing – so it’s no wonder that if you’re reading this, you too are considering what’s involved with how to become a CBD seller.
We encourage you to find out more about how to sell CBD oil. Knowing your product is important for your CBD oil solutions, and while it goes through its own limitations, it also adds new usages, preclinical studies, clinical trials, and abilities.
What is CBD Vape Oil Used For?
CBD oil vape products have a vast versatility in both products and markets, which brings us to CBD marketing, which we will touch more on later. CBD oil solutions and products may include numerous businesses – from edible treats to skincare creams, pet products, drinks, nutritional supplements, and much more.
It’s no wonder so many people sell CBD oil these days as it is one of the most versatile products to have recently hit the market – and together with the overall change in attitude towards cannabis, generally speaking, it’s become clear why selling CBD oil is blowing up into hundreds of millions of dollars so quickly.
Common Kinds of CBD Oil Products (from CBD vape juice to CBD oil vape products)
Tinctures are tremendously typical product types and are a really basic type of merchandise. While there are brands who add flavoring to their tincture goods, this product type is commonly one of the purest and it is normally found without much-added taste.
Concentrates are, clearly, a very potent product type, using high CBD oil vape content. Capsules are easy to take and have put amounts of CBD oil. The item usually looks similar to supplements that most individuals are familiar with, and combined with the set amounts of CBD oil has added benefits to the consumer.
CBD vape oil is, not surprisingly, a popular option these days as vaping and CBD vape juice, in general, is still in a strong growth period. With this type of product, you are focusing your client target audience and you might discover that they are all set to purchase sooner than other groups unfamiliar with CBD oil solutions.
Sell CBD Oil? Know the Law and Find an Attorney
If you’re currently selling CBD oil, or are seeking CBD oil solutions, then you want to consult an experienced attorney that understands the laws around CBD oil solutions and the eCommerce industry.
According to this helpful page from the National Council of State Legislatures, selling CBD oil is now currently legal in all four countries. With the vast bulk of the country legalizing medical and recreational marijuana, those previous four will probably be changing their legislation in the future. While the business is promising, we invite you to receive qualified legal counsel and double check all your state and local laws before selling CBD oil online or elsewhere.
How to Sell CBD Oil Online
You have just gotten your CBD merchant account closed down, you know how stressful that may be. One of the biggest hurdle to overcome when selling CBD oil online is a merchant account with a CBD oil solution. Now the actual work starts. Selling CBD oil online and several different industries require more oversight and safety than your typical payment gateway or traditional merchant account. That is the exact reason that selling CBD oil is referred to as “high risk ” from the eCommerce market.
Don’t worry though, since this is where we at PayKings will be able to assist you, step by step, receiving a CBD merchant account and getting your established eCommerce company back up and running.
In order to get you up and running, you may need not just a payment gateway to connect to your own shopping cart but also an appropriate CBD merchant account that’s suited specifically for selling CBD Oil online and in retail spaces.
CBD Credit Card Payment Processing Gateways
When it comes to CBD marketing and selling oil online, you may find yourself struggling with payment gateway issues.
PayKings has CBD oil solutions custom fit for you. Often time, merchants who are having difficulties after being shut down by a major payment gateway reach out to us for CBD oil solutions and secure credit card payment processing.
So if you’re having trouble getting payment processing solutions with Stripe, Amazon, or PayPal for your CBD business, you’re in the right place.
Get started today with our free QuikQuote – and start selling CBD oil online and accepting payments in as little as six hours.
May 20, 2019 | High Risk Merchant Account | PayKings