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We believe everyone should be able to participate and thrive in the economy. Square allows businesses in the U.S. to apply to our CBD program to sell CBD products on Square quickly, easily, and securely. (CBD products must be hemp-derived and have less than 0.3% THC.)
In late 2018, the U.S. Farm Bill legalized the cultivation and sale of hemp and hemp-derived products with THC levels under 0.03%. We saw this as an opportunity to make our tools available to sellers in the CBD space so they can start, run, and grow their business on Square. As of 2021, eligible small-business owners using Square can get customized loan offers based on card sales.
Why sell CBD with Square?
Fair and transparent pricing
- In person — 3.5% + 10¢ per tap, dip, or swipe
- Online and in-app transactions — 3.8% + 30¢ per transaction
- Keyed-in, Card on File, Virtual Terminal transactions — 4.4% + 15¢ per transaction
No matter where you sell your products, whether online, in person, or at a pop-up event, your inventory and payments are in one place.
“In the early stages of the emerging hemp industry, Bluebird Botanicals was constrained to using merchant processors that charged exorbitant rates. As an eCommerce company, we were at one point only able to receive payments by check,” said Kevin Liebrock, chief operating officer of Bluebird Botanicals.
“With Square, we don’t just get better rates—we’re also treated with respect and trust. And now, instead of waiting for checks in the mail, we get paid the next business day.”
An integrated ecosystem
Square provides everything you need to easily manage your CBD business, from payments to hardware, payroll, inventory management, and more. Everything works together seamlessly to give you a complete view of your entire business.
If you’re interested in starting or running your CBD business with a little help from Square, follow these steps to sign up today.