At Organic Payment Gateways, we have watched the CBD industry flourish and become one of the most exciting industries around. Even with the growth we’ve seen in recent years, there’s still plenty of contradictions when it comes to how new and existing CBD businesses can set up merchant accounts and payment gateways in order to accept credit cards online.
Our goal is to provide legal, hemp-derived CBD site owners the answers they need to set up an easy, reliable payment gateway on their existing website.
Here, we’ll go over one of the most misunderstood aspects of applying for a payment gateway: do you need a gateway only or a payment gateway merchant account combo?
If you are new to selling legal, hemp-derived, CBD online, our goal is to take some of the confusion out of setting up payments. What you’ll get out of it is that you’ll know exactly what you need before you apply. What we hope to achieve is that we’ll ideally save you hours of frustration and help prevent any unnecessary launch delays.
There are two types of payment processing needs
Solution 1 for CBD websites: gateway only
CBD businesses that have a merchant account but need a payment gateway to connect it to their shopping cart are often frustrated by the different terminology and various solutions promoted online.
Generally, site owners can apply for their payment gateway and merchant account from the same payment provider. Often CBD businesses do not even realize that the payment gateway is the software piece that connects to their shopping cart and the merchant account is the payment processing relationship that deposits into their regular business checking account.
If you already have a merchant account for your CBD site, for example, through a local credit union that does not have e-commerce expertise, you need a payment gateway like NMI, or Authorize.net, to connect that merchant account to your shopping cart.
We set up “gateway only” accounts that work with all major shopping carts including WooCommerce, Shopify, Clickfunnels, and dozens more.
Solution 2 for CBD websites: payment gateway and merchant account
Usually, new CBD businesses trying to connect a shopping cart to payment processing need both a merchant account and a payment gateway. Often, these are sold together as an “all-in-one” bundle, making the distinction between the two pieces even more unclear.
Need help or have questions? Contact us here or scroll to the bottom of the page, and click “Start.”