As local, state and federal governments weigh the pros and cons of legalizing cannabis for both medical and recreational purposes, the benefits of other products derived from cannabis are starting to take shape — like cannabidiol, known as CBD.
CBD merchant accounts are a relatively new product, but Instabill can help merchants selling health or dietary products that contain the compound to find the credit card processing solutions they need.
If you came here looking for information on medical marijuana or other herbal remedy merchant accounts, we have solutions for you. View our medical marijuana merchant accounts page or our nutraceutical merchant accounts page for more information. If you have specific questions, feel free to contact us any time.
Expand each section to learn more about our CBD merchant accounts.
Although cannabidiol is legal in the few states that have legalized marijuana for medical or recreational use, there are still some restrictions that merchants must be aware of:
CBD is a compound taken from hemp plants that does not include large amounts of THC, which is the psychoactive/pain killing element in marijuana. CBD also contains a natural analgesic as well as anti-inflammatory and anti-anxiety properties.
Speak with a CBD merchant account manager directly at 1-800-318-2713, or simply click the button to get started.
Instabill offers an aggregate merchant account solution for CBD merchants with a shared billing descriptor:
The only payment solution for CBD Instabill currently offers is an offshore aggregate merchant account with a shared billing descriptor.
The time it takes for CBD merchant account approvals varies with each merchant and their processing history. With all the supporting documentation and materials, Instabill can provide a credit card processing solution between 10 business days to 2 weeks.
The fees Instabill charges depend on several factors, such as the merchant’s processing history, type of industry (high risk or low risk) and/or projected sales volume. Each merchant account is unique, but typical fees include:
Every merchant account approved by Instabill and its acquiring banking partner includes access to the approving bank’s payment gateway. Instabill’s trusted banking partners offer a secure payment gateway for all transactions, with which you will connect the bank’s API to your website.