CBD Program 

• Complete / Signed Merchant Application
• Fulfillment Info (CNP)
  1. Copy of fulfillment agreement if 3^rd party 
  2. Pics/proof of inventory if in-house 
• COA’s (All products) 
• Void Check or Bank Letter
• Copy of ID / Passport 
• Articles of Incorporation
• Personal / Business bank statements – recent month  
• CBD Addendum
  1. To be filled out with all products merchant sells. Should be a 1:1 match including COAs
  2. If the manufacturer on the addendum is the same company listed on the COAs (and not the merchant), merchant needs to substantiate the connection so an invoice from the manufacturer to the merchant is required to “link” them. 
• If over $75k/mo for CNP or $150k/mo if CP 
  1. financials (2 years tax returns and recent P&L and Balance Sheet)
  2. 3 months of bank 
• Must be processing $25K per month or more (3 months processing history Required)

Bank Approval Conditions 

1. Retail card-present 

• Site inspection may be requested within 30 days of approval/boarding 
  1. Pricing:
     • Standard high-risk buy rates / schedule A, plus the below:
     • 25 BPS BIN Fee 
     • Monthly Compliance Fee: $50/mo buy rate
       • Anything marked up over is shared per revenue share
       • The application must state in the Special Notes section within the Fee Schedule: $50 monthly CBD Compliance. If the fee is being marked up, then the $50 would be whatever the marked-up fee is. Agents that fail to have the fee listed in the Fee Schedule of the application will be have it absorbed/charged to them completely by default.
     • Suggested pricing:
       • Tiered: qual rate of 4% with downgrades 
       • Interchange +: IC + 1.95%
       • Standard higher margin fees for any type of high-risk merchant type
  2. Prohibitions:
     • Tobacco / nicotine based products (i.e. vape)
     • Products not in compliance with Federal, State, or Local regulations 
     • Products exceeding 0.3% THC
     • Free trial or any type of deceptive billing practices 
     • Medical or any type of misleading claims