cbd merchant account uk

CBD Merchant Accounts and Payment Gateways with We Tranxact

Selling CBD products online can be complex, particularly when it comes to payment processing. Many banks and traditional payment providers refuse to work with CBD businesses, categorising them as high risk. At We Tranxact, we specialise in brokering CBD merchant accounts and CBD payment gateways to help your business navigate industry challenges with ease.

We connect you with trusted high risk payment providers who understand the CBD industry, ensuring secure, compliant, and reliable payment processing solutions. Complete our inquiry form today to start your journey toward the perfect CBD payment gateway for your business.

 

Why Are CBD Businesses Considered High Risk?

CBD businesses face rejection from traditional payment processors due to:

Regulatory Challenges

The legality of CBD varies across regions, and the rapidly changing regulatory landscape makes compliance more difficult.

Association with Cannabis

Despite being a non-psychoactive compound, CBD is closely associated with cannabis, causing many merchant service providers to avoid partnerships due to reputational risks.

Higher Chargeback Ratios

Misunderstandings about product benefits, delayed shipping, or unmet customer expectations can result in elevated chargeback rates.

Evolving Legal Framework

Legal requirements for selling CBD online frequently change, complicating payment processing for businesses in this industry.

By securing a high risk merchant account through We Tranxact, you’ll have access to payment processors who specialise in CBD and can support your business through these challenges.

 

wetranxact

Why Do CBD Businesses Need a High Risk Merchant Account?

Without a high risk merchant account, your CBD business may face significant operational risks, including:

Account Closures: Using a provider unfamiliar with CBD regulations can lead to sudden account closures.

Limited Payment Options: Many payment providers decline CBD businesses, leaving fewer options for processing payments.

Non-Compliance: Traditional merchant accounts often lack the tools needed to remain compliant with evolving CBD regulations.

A high risk merchant account ensures you can securely and compliantly process payments while scaling your business. Fill out our inquiry form to secure a reliable payment solution for your CBD business

Key Features of a CBD Payment Gateway:

Customisable Payment Processing
Support for recurring payments, subscriptions, and one-time transactions ensures flexibility for your customers.
Advanced Fraud Detection
Tools like encryption and fraud monitoring protect your business and customers from data breaches and unauthorised transactions.
Multi-Currency Support
Cater to international customers with payment solutions that handle multiple currencies seamlessly.
Chargeback Management
Integrated tools help monitor and reduce chargebacks, keeping your account stable and secure.
Regulatory Compliance Support
Ensure your payment gateway remains compliant with local and international CBD regulations, safeguarding your business from legal risks.

Benefits of Choosing We Tranxact for CBD Merchant Accounts

SWe Tranxact simplifies the process of securing a CBD merchant account by connecting you with providers who understand your industry. Here’s why businesses trust us:

Extensive Network of Providers: We partner with over 60 high risk payment providers, ensuring you have access to the most suitable solution for your business.

Tailored Solutions: Every CBD business is unique. We carefully assess your requirements to match you with a provider who meets your specific needs.

Competitive Rates: Our team negotiates competitive fees, transparent pricing, and favourable terms, helping you manage costs effectively.

Expert Support: From application to setup, our team offers guidance every step of the way, ensuring your CBD payment gateway operates seamlessly.

Start by filling out our inquiry form, and let We Tranxact match you with the right provider for your business.

 

wetranxact

How to Sell CBD Products Online with a Payment Gateway

Selling CBD products online requires careful planning and a secure payment gateway. Here’s how to get started:

Understand CBD Regulations: Research the legal requirements in the regions you plan to operate. Ensure your products are compliant with local laws.

Secure a High Risk Merchant Account: Apply for a CBD merchant account to process payments securely and reliably. Traditional accounts are unlikely to approve CBD transactions.

Choose the Right Payment Gateway: Select a CBD payment gateway that offers fraud protection, multi-currency support, and chargeback management.

Optimise Your Website for Compliance: Display clear product descriptions, terms and conditions, and refund policies to build trust with customers and reduce disputes.

Partner with the Right Provider: Work with a broker like We Tranxact to connect with high risk payment processors who specialise in CBD businesses.

Complete our inquiry form today to start building a compliant and profitable online CBD business.

 

cbd merchant account uk

Challenges Facing CBD Businesses in Payment Processing

The CBD industry comes with unique challenges that require specialised payment solutions, including:

Frequent Regulatory Changes: Compliance requirements often shift, making it vital to work with providers who stay ahead of legal developments.

High Chargeback Risks: Misunderstandings about product benefits or delayed deliveries can lead to disputes.

Limited Access to Traditional Payment Providers: Many banks and mainstream payment processors decline to work with CBD businesses due to perceived risks.

International Sales: Expanding globally requires payment gateways with multi-currency support and cross-border compliance.

We Tranxact helps you overcome these challenges by connecting you with CBD payment processors who offer robust, compliant solutions. Fill out our inquiry form to get started

 

How to Choose the Best CBD Payment Gateway

When selecting a CBD payment gateway, consider the following factors:

Industry Expertise: Choose a provider familiar with CBD regulations and challenges to ensure reliable processing.

Compliance Support: Opt for a gateway that offers tools and services to help you remain compliant with local and international laws.

Scalable Solutions: Ensure your payment gateway can handle increased transaction volumes as your business grows.

Fraud Prevention and Security: Look for advanced security features like encryption and fraud monitoring to protect sensitive data.

Transparent Pricing: Compare transaction fees, setup costs, and monthly charges to find a cost-effective solution.

Let We Tranxact simplify this process by connecting you with a CBD payment processor who meets these criteria. Start by filling out our inquiry form today.

 

high risk merchant account

Experts in CBD Card Processing

NEED HELP NOW?

Enquire Now