With legalization in 29 states and the District of Columbia, the industry of medical marijuana is in the infancy of what is expected to be a flourishing business. Though growth, possession and sale of marijuana — for medicinal and recreational purposes — is legal in some form in half of our country, it remains illegal by federal law in the U.S.
Instabill, however, offers medical marijuana merchants and partners an aggregate credit card processing solution through an international banking partner.
Since 2001, Instabill has been providing high quality merchant services to high risk businesses worldwide. From merchant accounts and payment gateways to offshore incorporation and SSL certificates, Instabill strives to be your one-stop shop for all your e-commerce needs. Click to learn more about medical marijuana and other high risk merchant services.
Speak with a medical marijuana merchant account manager one-on-one by calling 1-800-318-2713, or just click the button to get started.
Instabill offers one merchant account solution for medical marijuana merchants:
The only payment solution for medical marijuana merchants Instabill offers is an aggregate merchant account through an international bank with a shared billing descriptor.
The time it takes for medical marijuana merchant account approvals varies with each merchant and their financial history. With all the necessary documentation and materials, Instabill can provide a credit card processing solution between 10 business days to 2 weeks.
The fees Instabill charges for medical marijuana merchant accounts are dependent on several factors: 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:
Instabill has partnerships with international banks which enable us to provide credit card processing for medical marijuana seed businesses and CBD merchants.
Through one of our offshore banking partners, we can provide an aggregate merchant account solution with a shared billing descriptor.
Speak directly with a high risk merchant account manager at 1-800-318-2713, or select the live chat option below.
Each merchant account approved by Instabill and its acquiring banking partner includes access to the payment gateway of approving bank. 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 for seamless transactions.