Which are the best-recommended payment processing companies for CBD products? - Cannabotech

Which are the best-recommended payment processing companies for CBD products?

Asked 3 years ago

I'm working on a new, start-up business and looking for good payment processing companies. I am only selling hemp-derived CBD products and not marijuana-derived, if that helps. I'm really interested in selling CBD products online but most companies classify it as high-risk or don't think CBD is legal in 2021. What are your opinions on Viva Wallet? Are there any other companies you can recommend?

Avik Das

Thursday, April 15, 2021

The CBD industry is a billion-dollar industry, and it's getting popular each passing year. Being such a lucrative and profitable market, a lot of people are coming and investing in this business seeing the rising popularity and potential growth in the future. If you are a start-up and thinking of starting a CBD business then it's certainly an incredible idea. However, payment processing could be a big hassle while setting up your business and it's important to make the right choice, so the consumers can have a smooth experience while buying your CBD products. Let's see below some useful payment procession services for CBD products.

1) Paytriot

For CBD business, Paytriot payment gives you the option to steadily do the business and make your transaction process hassle-free. You might be surprised to know that they work with 300 such companies who work in the CBD industry. With the world wide payment process, the London based company allows you to take worldwide orders. Moreover, Payriot is FCA registered to keep your money safe.

2) Nochex

Nochex is another UK based company that can be a solution to your payment process. Being in the business for two decades, they are a trusted payment processing company. And they work with several CBD sellers. However, to sell your products, you must showcase the lab reports of your products to them. Since you are a start-up, they work with start-ups as well. Besides CBD gummies and oil, you can also sell CBD vaping products with Nochex.

3) We Tranxact Ltd

We Tranxact Ltd is another UK based company that could be one of the best payment processing companies for your CBD business. They are known for smooth services, while they have worked with many CBD businesses in the past couple of years. The best part about We Tranxact Ltd is that it has a 1% card processing fee.

Petal Mashraki

Wednesday, June 16, 2021

The CBD industry is considered "high risk" by many of the respected payment processors who do not accept CBD clients. For example, PayPal doesn't service CBD companies. However, you can find recommended payment processes that do welcome companies selling CBD products, such as PaymentCloud, EasyPayDirect, smbglobal, and Square.

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