Cannabis Related Business Merchant Account Processing

Cannabis Related Business Merchant Account

Being in the CBD / Cannabis industry you probably already aware of the difficulty finding a merchant account solution. There are a variety of business types that do not sell Cannabis or CBD products yet still struggle to find a reliable merchant account provider, as they are categorized as “CRB” or “Cannabis Related Business”.

MagicPay Merchant Services is processing debit and creidt cards for many such industries, working with a domestic merchant account. Such merchants will go through processing bank approval and will receive permission to accept bankcard payments regularly, as long as they are not directly engaged in the selling of CBD or Cannabis products.

Accepted Business Types:

Medical Cards (Retail & Online)

Doctor Offices

Marketing (Web Development & Advertising)

Classified Ads / Directories

Packaging Supplies Materials

Lead Generation Services

Machinery / Farming / Cultivation Equipment

Transportation Services

CRM / POS Software Services

E-Book Guides “How-To”

Merchant Processing Services

The following is a list (on the right) of industries our processing bank is approving for merchant processing under the Cannabis Related Business program. This list is not exclusive and exceptions can be made on individual bases. As a general rule, any legitimate and legal business type would be accepted as long as such business is not directly engaged in the cutivation, harvesting, producing, manufacturying, processing or selling Cannabis or CBD products.

Our underwriting will work with merchant to qualify their business for merchant processing. Such services include debit and credit card processing, POS systems, Payment Gateway setup and payment processing integration.

Cannabis Related Merchant Processing Pricing

$20 Merchant Account Monthly Fee

$15-$30 Payment Gateway Monthly Fee

1.95% to 2.95% Processing Fee

$0.10 Transaction Fee (Retail)

$0.25 Transaction Fee (Online / E-Commerce)

No Application Fee

No Annual Fee

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CBD / Cannabis Payment Processing – Our Difference

MagicPay is a leader in payment processing services throughout the USA, Puerto Rico and the US Virgin Islands. We have helped thousands of merchants nationwide to accept payment safely, efficiently and affordably. Our experience goes a long way with low and high risk merchant industries. Our platform is compatible across a variety of processing banks, platforms, payment gateways, shopping carts, CRM software and other proprietory solutions.

We have went a long way to ensure we can provide reliable merchant processing to any legitimate business, including Cannabis related merchants. We have assisted doctor offices, marketing agencies, equipment manufacturers and resellers, software companies and fertilizer producers specializing in the cultivation of the Cannabis plant, to obtain reliable payment processing technology.

CBD & Hemp Oil Payment Processing Technology

Medical Invoice Document Form Patient Concept

Medical Cannabis Card Merchant Account

Running a doctor office is a challenging task on its own. Usually doctor offices do not have a difficulty finding a merchant processor. However, the case is different when it comes to doctors that specialize in medical Cannabis cards. As most processors do not process payments for this industry, some doctor offices find themselves getting declined for simpe merchant processing.

MagicPay is providing merchant services for medical Cannabis card doctors. Payment processing will be provided as long as the merchant is not engaging in the selling or dispensing the plant to the patients. Prescriptions, medical cards and other services are ok per processing bank.

Payment Processing Benefits

Accept Credit Cards (Visa, MasterCard, Discover & American Express)

Accept PIN Debit Cards (for Retail)

Accept Payments Online (Virtual Terminal or Website)

Process Recurring Payments

Cash Discount Enabled – Pay $0 for processing fees.

QuickBooks® Online Integration – with MagicPayInvoice

Next-Day Funding (Settle before 6:00PM EST for Next-Day Deposit!)

PCI Compliance

Online Merchant Statements & Transaction Dashboard

Live Support

Free EMV WiFi Payment Terminal

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