CBD & Hemp Payment Processing
Paybotic CBD & Hemp Payment Processing
Unlike the more rigorously regulated legal cannabis market, CBD and hemp products are generally considered lawful in the majority of the country. However, merchants that sell or manufacture CBD products still have a difficult time obtaining merchant related accounts and finding a reliable payment processing service.
Chat With UsAre CBD & Hemp Sales Considered High-Risk?
The CBD and hemp spaces are almost universally considered to be a high-risk industry. Often determining exactly what qualifies as hemp vs. CBD vs. THC has been challenging for financial institutions to navigate.
There are many laws within different states that allow the use of CBD or hemp products, but since the legal guidelines vary greatly. On its own, this inconsistency is enough for many banks to deem CBD and Hemp businesses as high-risk. Considering that the product category is relatively new, financial institutions are even more discouraged from backing businesses in the CBD space.
If you find a traditional financial institution that is willing to accept the risk, they will likely charge ridiculous fees. Worse yet, these institutions often place restrictions on the high-risk accounts they house that will hinder your ability to effectively do business.
Teaming with our experts is the more practical solution. Paybotic provides payment processing services without crippling costs and restrictive merchant agreements.
Learn MoreCompliant Solutions
Payment processing built to satisfy state and federal CBD and hemp regulations.
No Crippling Fees
Processing services without restrictive merchant agreements or excessive fees.
ACH & Card Processing
Customized ACH and payment card processing solutions for your business.
Expert Team
Years of experience navigating complex laws governing high-risk product sales.
The Importance of Reliable Payment Processing Solutions
Every day, more businesses transition away from traditional brick and mortar stores and focus their attention on the digital marketplace. This distinct shift has made a cash-only business model increasingly impractical.
Working with Paybotic, a licensed payment processing company, means your business will have the resources necessary to succeed in the current and future marketplace. Our professional consultants can help you navigate the legal and financial landscape while providing reliable online and in-store payment processing services.
In addition to our payment processing services, Paybotic provides consulting and other financial management services for your CBD or hemp-based business model. We offer bookkeeping, payroll management, and HR services for our clients.
See SolutionsThe Benefits of Partnering with Paybotic
Paybotic's comprehensive payment services mean that CBD and hemp merchants can focus on everything that matters most to them — without the headache of dealing with multiple service providers.
Full Suite of Services
We do much more than process payments. Our services include comprehensive financial management services for your CBD or hemp-based business model. We offer bookkeeping, payroll management, and HR services for our clients.
Easy Sales Tracking
As a high-risk industry, CBD and hemp merchants are subject to stringent compliance and tracking requirements. At Paybotic, we keep detailed sales records and will help you remain compliant by completing audits and submitting required documents.
Avoid Risk Associated with Cash Payments
Running a cash-only business is extremely risky. Having a large supply of cash on-site will make your business vulnerable to criminal acts such as theft. Our secure POS and virtual terminal processing systems are closely monitored and easy to use. This reduces your operating costs and protects your business from fraud.
Affordable Fees
We will never hike your prices without notice. Paybotic charges straightforward, competitive fees and will never hit you with hidden charges. This allows you to implement our proven payment solutions with minimal upfront investment. Many of our clients are eligible for a no-cost setup and do not pay us anything until they begin making transactions.
Access to Additional Funds
Paybotic offers instant-approval loans to our high-risk clients. Based on business size, you may be eligible to receive a loan ranging from $50,000 to $1 million. You can use these funds to expand, buy inventory, or hire new staff.
Rapid Approval
One of the best parts about partnering with Paybotic is that we work fast. We approve most applications within 48 hours and will begin processing payments for your business as soon as the infrastructure is in place. Optimize your chance of success and contact Paybotic today!
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