Delta 10 Merchant Account

CBD, THC and its related cannabinoids have become confusing for merchants. On the one hand, federal changes recently legalized these products, giving merchants a chance to sell people new compounds of cannabinoids that they can legally enjoy.

However, on the other hand, vital sectors of the business world have not fully embraced these changes and continue to view these products with a skeptical eye. As a result, accessing specific merchant account services may be difficult for vendors. Fortunately, there are still vendors who will help you sell Delta 10 products and allow your business to grow and prosper.

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delta 10 merchant account payment processing

What is Delta 10 THC?

Delta 10 tetrahydrocannabinol (THC) is a type of cannabis that is often sold on its own or as a component of CBD. As the name makes clear, it is different than Delta 9 THC. Delta 9 THC is the type of THC found in marijuana, and its impacts are responsible for the intoxicating sensations that users of marijuana feel when using the product. The difference in numbers refers to where a double bond is located on the carbon atom of the actual chemical. This difference ultimately impacts what people feel when using the product.

Delta 10 THC is, at the moment, legal for purchase with any online vendor and in-person vendors in states that have not banned the product. This is good news for business owners, who should be able to access merchant account services to . 

As you can imagine, the legal status of Delta 10 is a controversial subject. The specific language of the 2018 Farm Bill, intended to legalize CBD, created a gray area that allowed vendors to sell other types of THC, including Delta 8 and Delta 10. This is why vendors began to sell these products after 2018 and why there was a proliferation of these vendors selling products like vape accessories and gummies after 2018. Federal authorities began to crack down on their sale, but a court ruling in 2022 found that only Congress and the states could remove Delta 8 and Delta 10 from the marketplace. As such, it is hard to say if Delta 10 will still be legal in the future, but it would seem that it would take significant action by one or more levels of government to change its current status. 

Both are on the market and likely will be for the foreseeable future. This has given many businesses and websites the chance to sell products for which there is high demand. However, that isn’t to say that these products are easy to move. The reputational damage brought bad, bad actors and questions levied by federal and state authorities have caused considerable damage within this industry, making it harder to sell the products and edibles they come. As a result, vendors may find that they have been classified as high-risk businesses, making it harder to sell this product. Fortunately, there are still excellent vendors, like Bankcard, who can create high-risk merchant accounts that will allow these vendors to sell products. 

CBD is short for cannabidiol. It is a product that comes from hemp plants and is purported to have numerous physical and emotional benefits. Like other cannabinoids, it alters the functioning of your CB1 receptors and CB2 receptors, creating an array of positive sensations in users. Indeed, this impact on your body’s endocannabinoid system is believed to be responsible for all of THC’s effects on your body. 

There are multiple types of CBD, including Full Spectrum and Broad Spectrum. Broad Spectrum CBD contains no THC products. This includes any Delta 8, Delta 9, or Delta 10. By contrast, Full Spectrum likely consists of all these cannabinoids and others, like CBN, THC-O, THCA, and more. Users tend to have different preferences with their CBD, but it is important to note that Full Spectrum CBD may appear on a drug test. 

While there are long-term questions about the legality of cannabinoids like Delta 8 and Delta 10, these questions don’t seem to exist for CBD, which was explicitly legalized with the 2018 Farm Bill. CBD tinctures, vapes, lotions, creams, topicals, and other edibles are everywhere these days, and individuals may be consuming Delta 10 in those CBD products. In addition, anecdotal evidence exists to show that CBD may be helpful with an array of physical problems, and many users have said that their use of CBD is responsible for helping them feel better.

What is Delta 10 THC like? Does Delta 10 get you high? 

When used on its own, users of Delta 10 have said that it is a high that is both uplifting and energizing. To be clear, users have said that it isn’t comparable to the high that individuals get from using regular marijuana and that it is much less intense. However, individuals report that it is still a sensation that can be enjoyable.

When used in CBD, the feeling is very different. Trace amounts of Delta 10 THC are often found in CBD. If the CBD has been legally produced in the United States and is in line with the parameters set by the 2018 Farm Bill, it won’t have high levels of THC. Using CBD does not get anyone high. As a result, individuals who use Delta 10 THC in CBD won’t experience any intoxication. 

However, the effects and side effects of Delta 10 are similar to marijuana. Its psychoactive effects are milder than the euphoric impacts of Delta 9, but that doesn’t mean that the product’s euphoric effects should be dismissed. 

Why am I having trouble finding a merchant account provider?

As you can imagine, this controversy — combined with bad actors who don’t label their products accurately and the safety concerns that follow — has led to many merchant account processors being more reluctant to deal with CBD vendors. Furthermore, there remain many regulatory questions about how Delta 10 can be sold, with the United States Food & Drug Administration (FDA) still expected to issue regulations that govern when Delta 10 can be sold and how it can be sold. This has resulted in many merchant account vendors declaring Delta 10 vendors as high-risk services. 

Many merchant account providers refuse to do business with high-risk businesses, including those selling Delta 10 THC products. This will make your life more difficult, as you will need to work harder to find a vendor who can provide you with the services you need to sell products. 

What is a high-risk vendor?

A high-risk vendor is a business that a merchant account processor believes is at greater risk of incurring chargebacks. Chargebacks are a massive problem within the credit industry. They occur when a card owner either returns a product and seeks a refund or when there has been fraud on a credit card, and a charge needs to be reversed. A business is also considered high-risk when reputational concerns exist within the industry. This helps to explain why some companies, like those that sell cannabinoids or adult products, are more likely to need high-risk merchant account services. 

Vendors who sell these products can still access traditional merchant account services. However, they won’t be cheap: A high-risk vendor will need to pay greater fees on a percentage and flat-fee basis if they expect to be able to access credit card payments and online payment gateways. They will also likely have to endure additional background checks, paperwork requirements, and more. 

Businesses who want to sell CBD, Delta 10, or other cannabinoids should expect to be declared a high-risk vendor by merchant account services. Unfortunately, this can get very expensive, very quickly. Thankfully, they can access several high-quality merchant account services that will work with these businesses to ensure that they can process credit cards cheaply and securely. At Bankcard, we pride ourselves on offering a wide array of merchant account services that can help businesses access the services they need. 

What services might I need in this industry?

The challenges faced by businesses involved in high-risk ventures often mean that you need different services than other businesses. This includes services that are more customized to your needs and geared towards protecting the security of your customer’s data, ensuring that you can process their financial information, and meet various potential transaction methods.

As such, you may need the following financial services:

  • High-Risk eCheck processing: Many individuals who make purchases of CBD or Delta 10 prefer to keep that information away from their credit cards, instead choosing to rely on eChecks or ACH payments, which may allow them additional discretion. As such, you may consider offering this option as a reliable payment method.
  • Zero Cost Credit Card Processing: Businesses typically owe a fee on credit card processing. This fee can go as high as 4% of all charges in the high-risk industry. As such, it may be worth it for your business to investigate zero-cost credit card processing, even if it is high-risk. This will allow you to process credit cards at no fee. You will pay additional monthly fees to offset the cost. This option isn’t for everyone, but depending on the type of business you operate, it may be worth it for you.
  • High-Risk Payment Gateway: If you sell online products, you must investigate a method to take credit card payments via your website. This means that you will need to be able to process credit cards or debit cards and also process payments via alternative payment processors, like PayPal or Square. 
  • Retail operations: If you have a brick-and-mortar store, you will need the right equipment and expertise to sell products and charge them via credit card. This means you will need access to the point of sale (POS) devices that will allow you to charge a card and process the payment. There are fees associated with this equipment, and there will also always be a need for tech support if you have any technical trouble with these machines. As such, you need to use a vendor who can give you access to these services.
  • Integrations: You will also need to ensure that your credit card processor integrates with any preexisting accounting and inventory system. This may require customized programming and someone who can work with you. Keep in mind that this requires a degree of expertise that is not always available, particularly if personalized programming is required.
  • Cryptocurrency: Cryptocurrency payments have become exceptionally popular of late. The use of this currency has become even more popular for individuals interested in making confidential purchases. There are thousands of cryptocurrencies out there, so your business will need to work with a vendor who can help you determine which ones to use for your business. 

Finally, make sure you can work with a merchant account processor who can give you the correct deal on any services you purchase. You should be able to pick from an array of services and only pay for what you need.

As you can see, if you are interested in selling any product that contains Delta 10 THC or if you want to sell CBD that includes Delta 10, you may need to do some additional legwork to find a high-quality merchant account provider who can fill the needs of your high-risk business. Fortunately, Bankcard is here. At Bankcard, we’ve spent years in the high-risk industry. We know what it is like to have merchants with excellent products but have challenges getting those products to market. We offer a variety of services that can help cover your needs and make sure that you can sell any product, including CBD and Delta 10 THC.

Want more information? Contact Bankcard today and let us learn more about how we can help your business.

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