Cannabidiol (CBD), derived from the marijuana plant, has become a popular treatment in the health and wellness fields. Products derived from the plant, however, are still subject to US federal restrictions and payments for them are classed in the high risk category for banks and payment processors.
A CBD payment processor is one that is willing to accept credit and debit card payments for CBD products. They handle accounting, administrative and billing issues for what are regarded as high-risk merchant accounts that deal with CBD. Many CBD merchants are forced to deal with long-term contracts and early termination fees as well as other unfavorable conditions in order to have their payments processed. There are, however, payment processors that provide more attractive terms and trusted processing through a CBD payment gateway that help merchants to navigate the regulatory framework associated with payments for these products.