Can You Use WooCommerce For CBD?
Last Updated on October 3, 2023 by Corepay
You’ve come to the right place if you want to use Woocommerce for your CBD business. To use Woocommerce, you will need a high-risk payment processing partner, as Woocommerce requires this.
Let’s take a look at everything you need to know about running a CBD shop with Woocommerce.
- CBD sales on WooCommerce require a separate payment processor.
- WooCommerce restricts CBD sales on its integrated payment processor and hosted sites.
- CBD products can still be sold on a WooCommerce-enabled website with a separate payment processor and hosting.
- The open-source version of WooCommerce hosted on your server allows CBD sales and has the same features as the hosted version.
- Corepay has been boarding CBD merchants for many years and understands the complexities of a CBD merchant account.
Can CBD Merchants Use Woocommerce?
If you’re considering selling CBD products, you may wonder if you can use WooCommerce to set up your online store. The good news is that CBD merchants can use WooCommerce to sell their products. However, there are a few things you need to keep in mind.
Firstly, WooCommerce restricts CBD sales on its integrated payment processor and hosted sites. To sell CBD on WooCommerce, you must use a separate payment processor and hosting service that allows CBD sales.
Secondly, it’s important to note that not all hosting companies allow CBD sales. Therefore, it’s crucial to find a CBD-friendly host that supports the sale of these products.
Lastly, when setting up your online store on WooCommerce for selling CBD products, ensure that your products are derived from industrial hemp and contain less than 0.3% THC. Also, ensure that your CBD products are FDA-approved and purchased from licensed producers.
Following these guidelines and finding the right payment processor and host for your needs, you can successfully sell CBD products using WooCommerce.
Woocommerce CBD Policy
When it comes to using WooCommerce for CBD sales, there are a few key points to keep in mind:
- High-Risk Payment Processor: CBD sales on WooCommerce require a separate payment processor as the integrated payment processor and hosted sites restrict CBD sales.
- Hosting Considerations: Not all hosting companies allow CBD sales, so it’s essential to choose a CBD-friendly host that enables the sale of these products.
- CBD products must contain no more than .3% THC.
By understanding these guidelines and following the necessary steps, you can successfully sell your CBD products on WooCommerce while complying with the platform’s policies.
Why Do Woocommerce CBD Merchants Need A High-Risk Merchant Account?
Obtaining a high-risk merchant account is essential for CBD merchants on WooCommerce. This ensures secure and hassle-free transactions. CBD products are considered high-risk by many traditional payment processors. Therefore, having a specialized CBD payment processor is crucial.
On top of this, it is also against Woocommerce’s platform unless you have a high-risk payment processing provider.
By partnering with a reputable CBD payment processor, merchants can overcome the limitations of WooCommerce’s integrated payment processor. These specialized processors understand the unique challenges faced by CBD businesses and have systems in place to handle their specific needs.
CBD products must be derived from industrial hemp and contain less than 0.3% THC to comply with federal regulations. Additionally, these products must be FDA-approved and purchased from licensed producers. When selling CBD on WooCommerce, ensuring compliance with these requirements is crucial.
Apply For Your Woocommerce Payment Processing With Corepay
Embark on the journey to accept payments seamlessly for your CBD business through Woocommerce today.
Elevate your financial flow, boost earnings, and enhance customer satisfaction by applying for a personalized payment processing solution designed for businesses in the CBD industry.
You will need the following when applying:
- Certificate of Incorporation
- Voided Check or Bank Account Proof (e.g., a signed bank letter with account and routing details)
- Organizational Chart (if applicable)
- Comprehensive Personal and Business Financial History
- Previous Processing Statements (if relevant)
- Verification of Regulatory-Compliant Website
Take the first step towards optimizing your CBD business’s payment capabilities. Apply now to unlock the potential of tailored payment solutions for your venture.
How To Choose A High-Risk Payment Processor
When choosing a high-risk payment processor for your CBD business on WooCommerce, there are several key points to consider.
To understand how much it will cost you to accept CBD payments on WooCommerce, let’s look at the pricing options available.
The cost of accepting CBD payments can vary depending on your chosen processor. Some processors may charge setup fees or monthly fees, while others may have transaction fees or percentage-based fees per sale.
It’s essential to carefully review and compare different payment processors to find one that offers competitive rates and meets your needs. Additionally, keep in mind that merchant account fees may also apply.
By doing thorough research and comparing pricing options, you can ensure that you get the best value for your CBD payment processing needs on WooCommerce.
Familiarity With CBD
Your payment processor must be familiar with CBD. Since CBD has many obstacles from a processor’s outlook, moving forward with an unfamiliar company is not wise.
By working with us, we can ensure 100% transparency in pricing and help you navigate the obstacles from both a technical and legal point of view regarding Woocommerce and CBD.
Not al payment processing providers have the technological capability to connect with Woocommerce. Be sure to go over this before signing any contract.
Customer support is essential to ensuring a seamless experience for buyers and sellers in the CBD industry. When selling CBD on WooCommerce, having reliable customer support can make all the difference.
We pride ourselves on our customer support and always make sure our clients have the means to grow as a company.
At Corepay, we understand the complex nature of the CBD industry and the technological side of Woocommerce so that we can efficiently board merchants.
Unlike traditional payment processors that might shy away from high-risk businesses like yours, we fully embrace these industries and offer tailored merchant account solutions that align with your needs.
Here’s a brief overview of what Corepay brings to your CBD business when it comes to payment processing:
- Competitive Processing Rates: We recognize the importance of providing the best processing fees. Corepay is committed to fostering your business’s growth while maximizing profitability.
- Swift Approval Times: We understand the urgency of securing sales for your CBD products. We prioritize rapid approvals, often granting them within 24 to 72 hours.
- High-Volume Processing: Our proprietary payment gateway, Netvalve, is purpose-built for high-risk businesses that handle substantial transaction volumes like yours. Rest assured that our platform can easily accommodate your business’s growth trajectory.
- Multi-Currency Acceptance: Your CBD business operates on a global scale. With Corepay, you can accept payments in multiple currencies, expanding your reach and offering convenience to your customers.
- Robust Security Measures: The security of your CBD transactions is paramount to us. Our PCI-Level 1 secure payment gateway undergoes continuous monitoring and rigorous security testing, ensuring the utmost protection for your transactions.
- Mobile Payment Capabilities: Embrace the mobile revolution seamlessly. Our platform enables you to accept customer payments using their mobile devices, catering to evolving consumer preferences.
- Transparent Pricing: We uphold transparency and simplicity in our pricing structure. Say goodbye to application, setup, and annual fees. This ensures you can focus on managing your CBD business without unnecessary financial concerns.
- 24/7 Customer Service: Exceptional customer service is at the core of what we do. Our dedicated support team is available around the clock to address your inquiries or concerns. Your satisfaction is our top priority.
Ready to explore how Corepay can elevate your CBD Woocommerce business? Complete the application below to discover how our specialized solutions can benefit you today.
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