CBD payment processing
We have been working hard here at Cannarket to provide CBD payment processing and to do things that no one else in the market is doing which includes providing payment processing to all vendors without having to apply on an individual Vendor basis. We have spent months locking in great deals to provide a complete payment processing service which covers Credit and Debit cards and Cryptocurrencies. Essentially, Cannarket is a global full-featured marketplace and payment processing partner with zero “red tape” for all vendors on our platform which takes away the requirement for any third-party applications to take payments once onboard.
The majority of the market is seeking the best CBD Payment Processor to help you Capitalize on the Profit Potential of Hemp-Derived CBD Products
If you’re looking for a way to sell your CBD products online, chances are you already know a lot about cannabidiol and the popularity it is gaining in the world of health and wellness.
A large number of online businesses are introducing CBD into their eCommerce stores month on month and it doesn’t look to be slowing down. As an industry, The CBD space is poised to harvest $16 – $20 billion in revenue by 2025, is it any wonder why?
The CBD space is poised to harvest $16 – $20 billion in revenue by 2025, is it any wonder why?
Since the passing of the Farm Bill in 2018, which was signed into effect by President Donald Trump in December 2018 which removed hemp from the definition of marijuana under the Controlled Substances Act (CSA), an increasing number of eCommerce business owners are searching for payment gateways that allow CBD merchant processing.
With that in mind and the push to meet the rapidly growing consumer demand for CBD products, such as oils, capsules, Protein, supplements and a range of topical solutions, the non-psychoactive cannabinoid is being stocked inside an ever-growing number of brick-and-mortar shops and online eCommerce stores.
Why is CBD payment processing so hard to find?
Cannabis-derived products like CBD are becoming more widely accepted across the globe. Although the stigma is dissipating, all CBD products — no matter which plant they have been derived from — are associated as “high-risk.” This means that financial institutions and commonly used payment processors, such as PayPal, do not accept CBD transactions.
As a result, many CBD brands and online store owners have been left scrambling for payment processing solutions that ensure they don’t miss out on the “Green Rush.” Examples of some other high-risk industries that require gateway payment systems include adult products/services, Bitcoin trading, e-cigarettes, online gaming/dating, pharmaceuticals, travel services, telemarketing, and vape companies.
With the CBD therapeutics segment alone on-track to earn $9.30 billion in 2026, growing at a rate of 27.4%, there’s a lot of money to be made in this industry. However, getting involved in such a high-risk sector means that you’ll need to make yourself aware of what is required to conduct CBD business transactions legally which is why we built Cannarket. We take away all of the hassle, red tape and unknown and deliver absolutely everything you will need and more to start selling CBD today and finding a stable long term supported CBD payment processing solution that can help drive your CBD business forward is key in the sink or swim area of business.
We take away all of the hassle, red tape and unknown and deliver absolutely everything you will need and more to start selling CBD today and finding a stable long term supported CBD payment processing solution that can help drive your CBD business forward is key in the sink or swim area of business.
Below are the payment options we currently accept:
We understand that with Crypto payments there are a lot of options out there so if there is one you would like us to accept please fill out the form below and every 3 months we will tally each requested coin up and add the most popular option to our accepted currency lists. Our current selection is based on how stable and supported these options are.