Marijuana & Cannabis Merchant Account

PayFasto offers full-service cannabis & marijuana merchant account solutions tailored to your business.

Securing reliable payment processing solutions isn’t always easy – but with PayFasto, it can be. Gain access to our secure, compliant, and efficient payment gateway.

Some Of Our 500+ Happy Customers

Some Of Our 500+ Happy Customers

FOR ALL INDUSTRIES

What you get with Payfastos

You’re in safe hands. We handle over 1 million transactions monthly, all over the world. Wherever you’re operating from and no matter your industry, we’ll provide you with safe merchant account solutions.
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Best Cannabis & Marijuana Merchant Account in 2024

The cannabis industry is set for remarkable growth, but with growth comes competition, and regulatory challenges remain on the horizon.

At PayFasto, we’re committed to delivering one of the best cannabis merchant account solutions, which is why we also offer tailored CBD merchant accounts. Doing so means prioritizing security, compliance, and reliability, ensuring businesses and customers enjoy a safe and seamless experience within this rapidly evolving industry.

With robust security measures, fast transactions, and a global reach that caters specifically to the cannabis market, we firmly believe that we provide one of the best payment processing solutions.

  • Putting People First:PayFasto boasts a specialized and friendly customer support team, always ready to assist you – from helping you onboard our payment gateway and all your journey ahead.
  • Hidden Costs? Not With Us!:At PayFasto, we believe in transparency, and you’ll have a clear view of all your monthly costs.
  • Proven Track Record:More than 2.000 high-risk industry companies just like you have already placed their trust in us. Our award-winning merchant account services consistently earn excellent reviews.
  • Specialized Payment Solutions:Whether it’s online payment services, MPOS solutions, Mastercard processing, our multicurrency payment gateway provides a comprehensive solution to both B2C and B2B needs.

One Merchant Account. Multiple Payment Options.

PayFasto gives you access to various payment methods from one unified merchant account, including Credit and Debit Cards, Mobile Wallets, ACH Transfers, Cryptocurrency, Local Payment Methods, and more.

This simplifies your financial operations, reduces administrative overhead, and ensures that your customers can choose the payment option that suits them best.

We understand that flexibility is key in the cannabis industry, and our solution lets you provide just that.

WHAT ARE THE CHALLENGES OF GETTING A CANNABIS MERCHANT ACCOUNT?

Legalize Your Profits.

Securing a merchant account can be challenging due to several unique factors, including the industry’s legal complexities. This is why businesses must partner with an experienced payment provider for their merchant account, as it allows you to process payments and grow your operations while ensuring compliance with ever-evolving regulations.
Complex Regulation
Despite its legalization for medical or recreational use in many regions, cannabis remains illegal at the federal level in some countries. This legal disparity can create hesitancy among financial institutions, making it difficult to access traditional banking services.
High Risk

Because of its legal complexities and potential for regulatory changes, banks, and payment processors often categorize cannabis businesses as high-risk. This classification can result in higher processing fees, stricter underwriting criteria, and increased scrutiny.

Strict Compliance
Businesses must navigate strict compliance and regulatory requirements imposed by various government agencies. These requirements vary by jurisdiction and can be intricate, demanding careful attention and resources to remain compliant.
Stigma Remains
The stigma associated with the cannabis industry can pose challenges when seeking financial services. Some financial institutions may hesitate to work with such businesses, even in legalized regions, due to reputational concerns.
Experience Matters
Many financial institutions & merchant account providers lack expertise in this sector. This can lead to misunderstandings during application, and business owners may struggle with acceptance.
Documentation
Obtaining a merchant account can involve an extensive application process. Businesses may need to provide significant documentation, including detailed business plans, financial records, licenses, and more.

our stories

Customer Stories

Companies we've helped in the adult industry

OUR MERCHANT ACCOUNT SUPPORTS ALL TYPES OF CANNABIS BUSINESSES

From Bud to Bucks

Discover PayFasto’s customized payment solutions designed to thrive in all sectors within the industry. Our merchant accounts are tailored to niches like dispensaries, e-commerce websites, retail, and more. Whether selling products in-store or online, PayFasto’s payment solutions have you covered. 

Cannabis Dispensary Merchant Accounts

Need payment processing for your cannabis dispensary? We provide a specialized payment solution in the US, Canada, and Europe designed to meet the unique needs of your shop.

Cannabis Websites Merchant Accounts

We’ll help you accept credit card payments on your e-commerce website. Sell your products easily online while we ensure smooth transactions and a great payment experience for your customers.

Cannabis Retail Merchant Account

Our tailored solution is designed to streamline payment processing for retail, ensuring a smooth and secure payment experience.

NO LIMITATIONS

Our Integrations

You’ll be well-connected to of the apps you know and love – even if you’re operating in a high-risk industry.  

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YOUR QUESTIONS

Frequently Asked Questions

Yes, they can be completely legal in compliance with state and local laws.

Many regions have legalized medical and/or recreational cannabis, and there are financial institutions, like PayFasto, that offer compliant and complete payment processing services.

Yes, our high-risk payment gateway offers the capability to accept credit card payments, including Mastercard and Visa.

However, the availability of this option depends on your location, business type, and the specific terms of your merchant account.

With PayFasto, it’s relatively simple to obtain your Cannabis high-risk merchant account. You need to provide us with a series of documentation. 

The documentation required can vary from business to business and region to region. Still, our standard requirements include business licenses, permits, financial statements, and information about your business operations.

The primary difference between a cannabis and a CBD merchant account lies in the products they support: cannabis merchant accounts cater to marijuana-related businesses, while CBD merchant accounts serve businesses that sell hemp-derived CBD products.

Choosing the right type of merchant account based on your business’s offerings is crucial to ensure compliance and smooth payment processing.

Read more about the difference between CBD and THC here.

In short, it offers some key advantages like legal payment processing, improved cash flow, enhanced customer experiences, increased sales, security, credibility, streamlined operations, compliance, competitiveness, transparent records, and global payment acceptance.

It is a financial service that allows businesses to accept payments for their cannabis-related products and services.

Given the unique legal status, PayFasto’s services are designed to navigate the complex regulatory landscape and provide secure payment processing solutions.

PayFasto’s merchant account is suitable for a range of high-risk businesses including dispensaries, online CBD stores, delivery services, and cannabis-related accessories shops.

As a general rule, getting a merchant account cost between 2-4% in transaction fees.

Other standard fees associated with the merchant accounts may include Processing fees, monthly fees, setup or application fees, PCI compliance fees, chargeback fees, and termination fees.

However, the price of your gambling payment gateway and merchant account depends on factors like processing history, method of sales, countries, volume of sales, and the nature of your business and products.

All merchant accounts and prices are unique, so contact us to get a tailored quote for your business.

At PayFasto, we serve the US, UK, and European markets, including (but not limited to) countries such as:

  • Spain
  • Italy
  • France
  • Germany
  • Portugal
  • Denmark
  • Sweden
  • Greece
  • Austria
  • Malta
  • Monaco
  • Netherlands
  • More!