CBD Merchant Account Reviews to Consider

Wednesday, June 29th, 2022

The CBD industry is growing. If you’re a CBD merchant interested in payment processing services for your business, work with a reputable comparison specialist for reliable CBD merchant account reviews. 

CBD Industry on the Rise

The cannabidiol (CBD) industry is growing, and that’s with good reason. The number of people looking to use natural means to heal their bodies is on the rise worldwide. As you know, people are interested in CBD products because they’re recommended as means of treating anxiety, depression, and severe pain.

CBD is a substance derived from hemp (Cannabis sativa) plants. Marijuana is also derived from cannabis plants. Only, CBD products contain little or no THC (tetrahydrocannabinol) or other psychoactive ingredients typical of marijuana.

According to Statista, in the U.S., cannabidiol products generated about $5 billion in sales in 2020. CBD product sales are forecast to account for approximately $17 billion in the U.S. by 2025. California was the country’s largest market for CBD products. 

CBD Merchant Account Reviews

Here are the top three CBD merchant account reviews from BestPaymentProviders.com that you can use to make the right choice for your own business wants and needs. Best Payment Providers U.S. is a reputable merchant account comparison specialist committed to offering the most unbiased review of merchant account providers. Best Payment Providers U.S. is focused on rates, complaints, and integration of merchant processors. 

1. DirectPayNet

If you’re a large or medium-sized business owner, this can be ideal for you.

Advantages:

• Credit and debit card processing
• Offshore merchant accounts
• Incorporation setup
• Risk management
• Fraud detection.

Disadvantages:

• The focus is on medium to large-sized high-risk merchants.

2. Connected. co

Connected. co is another option to consider.

Advantages:

• The latest electronic application process
• A hassle-free experience
• A cloud-based application that digitally captures the merchant information and submits it to the company’s large network of high-risk banks both domestically and internationally
• CPP certification
• ACH processing
• Chargeback prevention
• Fulfillment API 
• Recurring billing options
• Customizable subscriptions
• Chargeback protection.

Disadvantages:

• The pricing model is expected to be attributed to business type, location, and processing history.
• No specific and dedicated customer support number.

3. Paytriot Payments

You can also go through the features of Paytriot Payments to see whether it’s suitable for your CBD business.

Advantages:

• Competitive rates
• Smooth boarding process
• Multi-currency options 
• 24/7 customer service
• Level 1 PCI DSS compliant and 3D secure payment gateway
• Integration with all major shopping carts
• Connection with 150+ processors
• eWallet solutions to customers wary of providing their credit or debit card information on a new website.

Disadvantages:

• On Trustpilot, the majority of merchants rated the company 4.8 out of 5 stars and expressed great satisfaction.

CBD Merchant Account Review

To choose the most suitable merchant account for your CBD business, you need to look at different CBD merchant account reviews from a reputable provider.