CBD Oil Merchant Account

CBD Oil Merchant Accounts

The future of your business depends largely on your ability to accept credit and debit card payments from customers. To do this, you need a merchant account – but because CBD oil businesses are considered “high-risk” by most banks and financial institutions, getting approved can be difficult.

If you’ve been searching for a CBD compatible merchant provider that’s willing to approve your business and offer you the lowest processing costs possible, you’re in the right place. The Southern Institute has been working since 1995 to provide both high-risk and low-risk businesses with fair and reliable services, as well as consultation on e-commerce solutions and check processing.

By applying with us, you’re building a solid foundation and ensuring the future growth of your business, the improved satisfaction of your customers, and the peace of mind that comes with a secure payment processing solution.

What We Offer

CBD-oil-offer

There’s more to it than simply being able to take card. A comprehensive payment solution plan typically offers additional services that can benefit your business in many other ways. Through the consulting expertise of the Southern Institute, we offer the following services for your business:

  • High-Risk Merchant Accounts: The goal of any business is to make a profit – and with a high-risk merchant account from the Southern Institute, you can start accepting additional forms of payment, attracting a broader customer base, and increasing your profits quickly.
  • Electronic Payment Solutions: We understand the importance of having a strong online presence, which is why we’ll work with you to develop e-payment solutions for your e-commerce or retail business. Because most shoppers prefer to buy online nowadays, this will allow you to gain access to a huge audience that you couldn’t reach before.
  • Check Processing: In addition to credit card processing, we also offer eCheck processing services. Processing an electronic check is half the cost of processing a credit card, which is why so many businesses opt to add these services to their plan.

In addition to processing, we also offer services relating to hemp and medical cannabis products, as well as other high-risk businesses in the travel, debt, and fantasy sports industries.

The Benefits Of Choosing a Professional Processing Partner

Setting up a merchant account is a crucial step forward for any business – it’s what allows you to accept credit cards, debit cards, and other forms of payment. Especially in today’s world where many people don’t even carry cash, the ability to accept card payments is an absolute must. Plus, the more flexibility you’re able to give customers, the more you’ll be able to increase your sales and grow your business.

Another benefit of opening an account specific to your business is that it allows you to keep better track of your finances. Instead of counting dollar bills, you’re able to simply track electronic payments and manage your cash flow more easily. And it’s not just convenient for you – your customers will also appreciate the option to pay with card, buy your products online, or pay with their mobile device.

If you’ve tried to set up an account in the past only to have it terminated for whatever reason, you can still apply through the Southern Institute with confidence. While no financial intuition can guarantee approval, we have a long history of working with high-risk clients and are best equipped to get you back on track with a solid financial foundation.

What Makes the Southern Institute the Best Option for High-Risk Businesses?

High-Risk-Merchants

CBD oil, hemp oil, and medical cannabis are all considered high-risk merchant accounts by most credit card processing banks. For this reason, CBD oil merchants tend to have a difficult time finding merchant account services that will approve them and offer them a fair rate at the same time. Instead, they charge outrageous processing fees and leave you to figure out everything past the application process on your own.

But when you apply for an account with us, you’re guaranteed:

  • Fair Rates: While some companies might try to take advantage of how difficult it is for high-risk businesses to open merchant accounts, we’re committed to offering only fair and honest rates. Our main goal is to help your business grow, and you can’t grow very much if you’re overpaying for payment processing fees every month.
  • Quality Service: Our attention to detail is what has made the Southern Institute a leader in high-risk consulting. No other merchant services consulting company is better equipped to connect you with the best custom solution for your business.
  • Experience: With over two decades of experience, our team of high-risk experts knows what it takes to grow a business. And with a diverse portfolio of clients, there isn’t much that we haven’t seen. You can feel confident knowing that if a problem does arise, we’ll know how to handle it.
  • Customer Service: When you apply for a CBD oil merchant account from the Southern Institute, you’re guaranteed access to a knowledgeable customer service team by phone, email, or live instant message – no question is too large or small for us to assist you with. Unlike other consultancy companies that abandon their clients after a short period of time, the Southern Institute will be with you every step of the way. That’s because we know that getting approved for an account is only half of the battle – the other half is maintaining that account and building a healthy finance history.

Fast Approval. Low Rates. Dedicated Support

Frequently Asked Questions

Why is CBD oil considered “high-risk”?

“High-risk” simply means that banks and financial institutions are less likely to approve your merchant account for a variety of reasons, not that the product itself is risky to use. When it comes to CBD oil and other cannabis products, the main risks banks are concerned with deal with the product’s legality (laws about the usage of CBD oil vary from state to state in the US) and reputation. Other types of businesses that are frequently classified by banks as “high-risk” include debt services, firearms dealers, and online dating websites.

Is CBD oil illegal in the United States?

Cannabidiol products are legal to ship in the US in any state as long as they contain less than 0.3% THC. And because CBD oil is considered a dietary supplement, purchasing it does not require a prescription. So while it’s perfectly legal to buy CBD oil and hemp oil in the United States, most banks still consider it high-risk due to the possibility of some irresponsible individuals going above the legal amount of THC or growing hemp in states where it’s illegal.

Do I need a Visa or MasterCard to open an account?

To apply for an account with the Southern Institute, you do not need a Visa or MasterCard.

What information do I need to apply?

Applying for a merchant account with the Southern Institute is easy. The only information you need to give us is your name, e-mail, phone number, country, company name, and your anticipated monthly processing volume (how much your business makes/is projected to make per month).

How long will it take to receive a response after I submit my application?

Our team will typically contact you within one business day about your application. If you’d like to be contacted even sooner, simply choose “call me ASAP” under “contact options” when you’re filling out your application online.

How can I increase my chances of approval?

While your chances of being approved for a CBD oil merchant account with the Southern Institute are much better than they would be if you applied to a low-risk bank, we still cannot guarantee the approval of every application. Some steps you can take to make opening a merchant account easier include establishing a history of healthy processing, reducing your chargeback rate, and making your business website appear more professional and reputable.

  • Experience: With over two decades of experience, our team of high-risk experts knows what it takes to grow a business. And with a diverse portfolio of clients, there isn’t much that we haven’t seen. You can feel confident knowing that if a problem does arise, we’ll know how to handle it.
  • Customer Service: When you apply for a CBD oil merchant account from the Southern Institute, you’re guaranteed access to a knowledgeable customer service team by phone, email, or live instant message – no question is too large or small for us to assist you with. Unlike other consultancy companies that abandon their clients after a short period of time, the Southern Institute will be with you every step of the way. That’s because we know that getting approved for an account is only half of the battle – the other half is maintaining that account and building a healthy finance history.
merchant account

For a product with as many potential health benefits as CBD oil, finding a merchant account provider shouldn’t be nearly as difficult as it currently is. That’s why we’re proud to be one of the few payment solutions available for these types of high-risk businesses. We believe that if you abide by the law and run an honest business, no matter type of business that may be, you deserve the chance to grow that business – it’s just that simple.

When you apply for a CBD oil merchant account form the Southern Institute, you’re taking the first step toward running a healthier, more profitable business. By planting the seeds that will grow your business now, you ensure a better and brighter future not only for yourself and your company but for the customers that you serve as well.

So are you ready to take your business’ growth to the next level? Do you want to start accepting credit, debit, PayPal, and other forms of payment from your customers, protecting and improving your financial stability, and encouraging further growth for years to come? Then don’t wait any longer – apply for a CBD oil merchant account through the Southern Institute today.