Instabill provides cost-effective and reliable merchant services that help E-commerce businesses succeed and expand their online presence. They are an established company that assist’s CBD merchants in obtaining high risk and offshore credit card processing solutions. Today, Instabill is one of the industry’s leading high risk merchant account providers for not only E-commerce businesses, but also for MOTO and retail businesses.
Name: Instabill
Location: 875 Greenland Road, Portsmouth, NH 03801
E-mail: salesmanager@instabill.com
Tel: (800) 530-2444
With more than 15 years experience in the payments industry, Instabill’s goal is to provide clients with fast, reliable and secure merchant services that will empower them to grow and succeed. This includes a variety of credit card processing options, merchant account solutions, and a PCI compliant payment gateway.
Instabill CBD Merchant Account Specialists
Instabill merchant account specialists serve as consultants for the life of the account. In addition to finding the best solutions for your business, they perform background checks and due diligence on all inquiring merchants to ensure that their clients are legal, legitimate and compliant.
High Quality Merchant Account Solutions
For more than a decade, CEO Jason Field has been building their network of trusted acquiring banks, enabling them to provide a variety of credit card processing solutions in a wide range of industries such as CBD products, vapes, debt collection, travel agencies, PPI claims, nutraceuticals and dating websites.
Instabill’s Risk Management
Fraud prevention is another top priority at Instabill. Their risk management experts teach you how to prevent chargebacks as well as dispute them, provide you with tips on how to spot credit card fraud, and even make phone calls to ensure your customers’ satisfaction. Above all, it’s Instabill’s duty to help you reduce your risk with fraudulent customers.
Payment Gateway Integration
From the United States, UK, and Australia to Hong Kong, India and Panama, Instabill’s PCI Compliant payment gateway serves businesses worldwide.
Instabill’s international payment gateway is user-friendly and makes managing online transactions a breeze. For qualifying MOTO merchants, they offer their free virtual terminal, allowing you to accept credit card transactions over the phone or via mail order.
CBD Merchant Accounts and Payment Processing
To know more about the CBD industry and it’s benefits, watch the short video below.
Requirements for a CBD Merchant Account
Instabill offers CBD merchant accounts for E-commerce merchants with competitive rates through an acquiring banking partner specializing in solutions for high risk industries.
- Instabill’s solution is available for e-commerce businesses only.
- Business bank statements from the last 4-6 months required showing company name, total sales, chargebacks/refunds and returns.
- Merchants must generate a minimum $1,500 per week in processing.
- Startup businesses will be vetted on a case-by-case business.
Instabill’s CBD Merchant Account Approval Timetable
The time it takes for CBD merchant account approvals varies with each merchant and their processing history. With all the supporting documentation and materials, Instabill can provide a credit card processing solution in 5-15 business days.
The Fees Associated With CBD Merchant Accounts
The fees Instabill charges depend on several factors, such as the merchant’s processing history, type of industry (high risk or low risk) and/or projected sales volume. Each merchant account is unique, but typical fees include:
- Merchant discount rate
- Per transaction fee
- Monthly statement fee
- Six-month rolling reserve
- Monthly gateway fee
- Chargeback fee
- Refund fee
Payment Gateway Integration For CBD Merchant Accounts
Every merchant account approved by Instabill and its acquiring banking partner includes access to the approving bank’s payment gateway. Instabill’s trusted banking partners offer a secure payment gateway for all transactions, with which you will connect the bank’s API to your website.
Cannabis Payment Processing: Accept Payments For Your Cannabis Business
Currently, the very subject of cannabis payment processing solutions elicits emotions such as frustration, impatience and/or exasperation. While cannabis merchants in legal and licensed dispensaries in the U.S. are limited to accepting mostly cash, they are understandably screaming for better solutions.
Instabill can offer two:
- Unique card payment funded with cash, similar to debit
- Payment with crypto currency
In both payment schemes, merchants receive electronic fund transfers within 24 hours.
Cannabis Payments Solutions By Card
Similar to a debit card or digital wallet, not only will this solution work for cannabis transactions, it is also ideal for related products such as hemp and CBD oil. A typical transaction goes like this:
- Patients and customers connect the card to their bank accounts, like they would a mobile wallet.
- Patients/customers make a purchase at a legal, licensed dispensary.
- The merchant receives funds by electronic wire within 24 hours.
- Patients/customers fund the card with the necessary amount for the transaction.
Instabill’s Hemp Oil Merchant Account Solution
Instabill was recently hailed among the Best Merchant Accounts for CBD by CardPaymentOptions.com, and currently has three solutions for hemp oil businesses:
- Domestic credit card processing solution for U.S. merchants
- Debit card scheme, similar to a digital wallet, where consumers connect the card to their bank accounts and fund as needed.
- An aggregate merchant account solution in which the merchants share the billing descriptor with other high risk businesses.
Instabill expect to announce more merchant account solutions for hemp oil (as well as CBD) as the U.S. federal government continues its trend of relaxing restrictions and bringing the hemp industry into the payments mainstream.
For More Information About Instabill…
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