Cannabidiol Merchant Accounts
CBD or CBD oil short for Cannabidiol oil is derived from the cannabis plant which can cure ailments such as seizures, nausea, inflammation, and anxiety. The oil is extracted from low-THC strains of cannabis in a way that it converts to non-psychoactive oil which can be stored in capsules. There are businesses who sell cannabidiol but the problem arises when it comes to process payments. Such businesses struggle to get open merchant accounts that can allow them to accept payments. The reason is that Cannabis is currently a Schedule I drug in the United States which is considered as illegal as per federal law. But due to its high medical value its production and sale will soon be legalized by the states.
If we look at the present scenario then there are very few merchant account providers in the market who can place CBD vendors and even fewer who are reliable enough to provide the right pricing, transparency, and customer support. If you are stuck in the same dilemma and not able to find the right provider for your business then we have only one recommendation for your CBD business.
AMSLV is one of the leading merchant account providers that has been delivering merchant services for more than a decade and is still continuing to deliver high-class services at reasonable rates. With AMSLV, your business will not just have the security and convenience to process payments but also have much less number of chargebacks and frauds with our fraud protection services.
We have connections with large cluster of banks help to get your merchant account approved quickly and timely. Some of our payment solutions are:
- Virtual terminal
- Online payment gateway
- ACH processing
- Email invoicing
- Automated recurring billing,
- Online shopping cart
- Mobile phone processing
AMSLV allows its customers to accept in-person payments via a USB card reader connected to a PC. Once your merchant account is approved it is connected to company’s payment gateway which can process online transactions through multiple processing banks which prevents any payments from getting declined. This is beneficial for merchants who are looking for offshore processing options without being categorized as high risk.
AMSLV can provide merchant accounts only to merchants selling CBD oil derived from hemp which is a low-THC variant of cannabis used for industrial purposes. Marijuana-derived CBD oil has been categorized as controlled substance by federal law and is thus prohibited by most major banks at this time.
We at AMSLV offer interchange-plus pricing and even do not charge early termination fees to our standard-risk and domestic merchants.
For more information call our toll free number: 702-456-1116