CBD and Hemp-Derived Cannabinoids Payment Processing | Secure Solutions for High-Risk Businesses
Get secure and compliant CBD payment processing solutions. Spectrum Payment Solutions specializes in high-risk CBD, Delta-8, Delta-9, THCA, and preroll payment solutions. Fast approvals and low fees.
Fast and Compliant Payment Processing for CBD, Delta-9, Delta-8, THCA, and Prerolls
The CBD and hemp-derived cannabinoids industry—including products like Delta-9, Delta-8, THCA, and prerolls—faces unique challenges in payment processing due to regulatory complexities and high chargeback risks. At Spectrum Payment Solutions, we provide secure, fully compliant payment solutions specifically tailored for high-risk CBD and hemp businesses. Our customized solutions help your business process payments efficiently, ensure regulatory compliance, and safeguard against fraud.
Why Choose Spectrum Payment Solutions for Your CBD and Hemp Payment Processing?
98% Approval Rate for High-Risk CBD Merchants: Spectrum Payment Solutions specializes in high-risk merchant accounts, achieving fast approvals within 24-48 hours, even for CBD products like Delta-8 and THCA.
Secure Payment Gateways: Our PCI-DSS compliant solutions protect your transactions for CBD, Delta-9, Delta-8, and prerolls, providing you and your customers peace of mind.
Custom Solutions for eCommerce, Retail, and Wholesale: Spectrum offers payment processing designed for CBD oil, prerolls, and other hemp products, whether you operate an online store, retail outlet, or wholesale business.
Competitive Rates: We offer low processing fees for high-risk industries, maximizing your revenue.
Dedicated Account Managers: Personalized support from our team ensures smooth operations for your high-risk business, so you can focus on growth.
Increase Revenue.
It is almost guaranteed your revenue will increase by a minimum of 15%. We have seen revenue increase as high as 50%. By accepting plastic cards for payment, consumers are allowed to spend more without a 2nd thought.
Why Accept Cards for Dispensaries
Fewer Armored Truck Pick Ups
By collecting more payments via plastic or digitally, you are decreasing the cash on hand and fees associated with delivering and depositing of the cash to your bank.
Lower Risk of Theft
By having revenue deposited directly to your bank, you will reduce significant cash on hand or during delivery; therefore, lowering the risk of theft and robbery from employees and robbers, and increasing safety for everyone involved.
More Payment Options
Businesses should not limit customers to pay and should allow customers to pay in every way they can, so you do not lose anyone’s business. By accepting cash and including debit card and credit card options, your business will have an advantage over local competitors.
Money is Safe & Insured
Banks make it difficult depositing cash and prefer electronic payments. All funds processed are within domestic networks and domestic banks, which are FDIC insured. No international technology, processors, or banks are involved in any way. Rest assured, your money is safe and deposited to the bank of your choosing. Being domestic also allows settlements and funding within a 2–3-day period.
Easy for Customers
Our solutions are the traditional methods of payment processing. No wallet download, no ach, crypto or Venmo like transfers, no buying vouchers or reward points and redeeming it at the counter. We offer hard terminals with WIFI/5G capabilities/Apply Pay and virtual terminals for consumers to tap and go. The process is no different than going to your local coffee shop or convenience store.
Fully Support
Unlike Square or International processors with non-existent or international support call centers, you will have a dedicated account manager and team of support at your disposal to call anytime.
Frequently asked Questions
- The CBD industry is classified as high-risk due to regulatory complexities and higher chargeback rates, especially for products like Delta-9, Delta-8, and THCA.
Business information, compliance documentation, and processing history are needed. Our team guides you through every step.
Approved merchants can start processing payments within 24-48 hours through our efficient onboarding process.
Services we Offer
Credit Card Processing
Tap and Go with Wifi or 5G enabled hard terminals.
Authentication & Buyer Data
Protect your brands from counterfeit and know who your customers are to better target market.
Virtual Terminals
Verify customer’s info and credit card payment before making the delivery.
Cannabis Lending
Our partners are ready to fund your operations, finance new locations and new services.
Debit Card Processing
Reduce cash and its challenges. Will match or beat rates.
Banking
There are dozens of banks that are cannabis friendly ready to accept your business.
Armored Services
We remove the risk and hassles of handling, storing, counting, depositing and protecting cash.
Payroll & Benefits
Helping you grow and mitigate risks, and meet requirements with our HR management platform including worker's comp.
Advertising
Build your own platform and connect and engage directly with all your customers.
Insurance Services
Get coverage for products, building, employees, cash, etc.
ATM Machines
Ready to place them and fill weekly cash in any location.
Outdoor Advertising
Thousands of traditional and digital billboards available at a discounted rate
ACH/E-Check Solutions
ACH, Wire transfers, bill pay
ERC for Cannabis Businesses
a payroll tax credit, a refundable tax credit to businesses that retained employees during the COVID-19 pandemic who meet certain qualifications like forced closed closures, business interruptions, or decline in gross receipts.
Loyalty, Rewards, Membership
Create Costco like different tiers membership cards and continue offering rewards or discount counts directly to your customers.
Cannabis / Help Processing - Get Started
Apply Now for a no-obligation quote with one of our sales agents.