As a CBD business owner you’ll know how tricky this industry can be, particularly when it comes to sourcing a CBD merchant account or CBD online payments. Fortunately, Nochex has worked hard with partners in the CBD industry to bring a merchant account that is suitable for processing CBD products.
Merchants selling hemp based and CBD products can now use Nochex to take UK based credit and debit card payments for their products.
If you are looking to take CBD online payments, Nochex is a safe and simple way to get paid.
We’ve created this guide so that merchants (you!) can understand what is compliant, and what isn’t. We want to help you process payments in a safe, secure and compliant manner. Following this guide will assist in making your website compliant within the Nochex framework, as well as contributing to the compliance requirements of the card scheme providers Visa and MasterCard.
When your application for a Nochex CBD Merchant Account is accepted, your account manager will inform you of any required documentation. You’re then ready to begin accepting payments.
Nochex has been processing online payments for over 20 years. We’re specialists when it comes to payment processing, that’s why whenever we see emerging markets and products, we’re quick to understand how we can support businesses and entrepreneurs to take payments.
Have a question? We’ve got the answers. If you have need further information please contact our support team.
Cannabis plants are made up of more than 100 different cannabinoids – the most well-known of these are THC and CBD. THC is the psychoactive substance whereby users consume this in order to get ‘high’. CBD Does not have this effect. Many cannabinoids are controlled substances under the Misue of Drugs Act – CBD – or cannabidiol as it is also known – is not.
Back in 2016, the Medicines and Healthcare products Regulatory Agency (MHRA) said that CBD products advertised for medical reasons need to be licensed.
CBD oil is still a product with a great many sensitivities around it. Nochex has worked with its business partners to provide merchants with a CBD payment processing that works with the minimum of issues.
You can register online by clicking this link.
CBD Oil cannot be advertised for medicinal usage. Furthermore, Nochex cannot facilitate the payments for CBD advertised for medicinal purposes.
The UK Home Office says that it can contain a maximum THC content of 0.2%, and that the THC must not be easily extracted.
Although we do not stipulate what a merchant should sell. We cannot facilitate the selling of tobacco and nicotine. Furthermore, paraphernalia products such as grinders and other related items cannot be sold through Nochex. For more information, you can read our Acceptable Use Policy here.
CBD Oil usage is now greater than ever in the UK. Many entrepreneurs and businesses are seeing this as a sector of interest. However, some may describe this as a grey area, especially when it comes to CBD merchant accounts and payment processing.
Nochex understands the various elements required for processing CBD payments. With a CBD Merchant Account, you have access to powerful tools that can help you get paid in a variety of formats; telephone payments, invoicing solutions and also web payments.