Delta-8, the isomer cousin of the better known Delta-9, has surged in popularity in recent years, especially in states where marijuana is illegal. However, some states are starting to regulate the legality of Delta-8. This action makes delta-8 high-risk, and merchants selling this product are finding it increasingly difficult to get approved for a merchant account.
Luckily, at International Payments Processing, we have banks and payment gateway solutions for most Delta 8 THC businesses.
- Rapid application process
- Lowest rate
- High approval rate
- Best customer service
High-Risk Payment Methods for Delta 8
Traditional payment processors are not able to handle the challenges Delta-8 merchants experience on a regular basis. High-risk merchants usually have higher chargebacks and face stricter regulations than other, more standard businesses. If you decide to work with payment processors, who are inexperienced with this industry, your account can be shut down at any time. Meaning you must start the entire merchant account application process over again from the beginning. This consequence can ruin customer relationships and hurt your business.
Therefore, Delta-8 merchants are recommended to use a specialized high-risk merchant service provider, who offers different payment types, including debit & credit cards, and cryptocurrency.
Furthermore, Delta-8 merchants should choose the payment processors who help them prevent chargebacks and fraud attacks.
At IPP, we have the technology to increase your approvals and reduce card fraud. We have a ‘Smart Fraud Scoring’ system to check over 16,000 data points to detect potential fraud. Our 3DS2 authentication can also identify and ensure PSD2 compliance.
Additionally, our iCan4Consumers can help Delt-8 merchants reduce chargeback rates up to 30% by intercepting and preventing the disputed transaction from becoming a chargeback. iCan4Consumers also provide customer service professionals, which are available 24/7 365 for your customer queries, resulting in higher levels of customer satisfaction.
How To Apply for A Delta-8 Merchant Account
To apply and get approved for Delta-8 with IPP, we’ll need specific documentation to begin the application process, including:
- Driver’s license or valid government ID
- Processing bank statements for the last 3 months
- Business bank statements for the last 3 months
- Additional information may be required
Opening a Delta-8 Merchant Account
With payment gateways relationships for high-risk businesses, IPP will help your Delta-8 merchants accept multiple payment types at an affordable rate and secure your accounts.
- Process debit and credit cards
- Process cryptocurrency
- Integrate with popular platforms like Shopify, WooCommerce, WordPress, and more
- Third-party gateway compatibility
- Ability to process for card-present and card-not-present sales