Why Square Shut Down CBD

Square removed CBD merchants due to banking changes and increased federal pressure. CBD is still legal, but Square’s acquiring banks no longer support the category. Merchants were removed with little warning, which caused outages for online and in-store sales.

Best Alternative for CBD Merchants

High Wire Payments is the most stable replacement for CBD brands after the Square shutdown. CBD is fully supported, underwriting is fast, and pricing is transparent.

• CBD, hemp, delta, and functional wellness fully supported
• True merchant accounts with real acquiring banks
• No freezes, random holds, or sudden shutdowns
• Works for Shopify, WooCommerce, Wix, BigCommerce
• Fair pricing with interchange-based rates

High-Risk Processing Benefits

• Stable CBD merchant accounts that stay live
• Smooth migrations from Square with no downtime
• Fast onboarding with simple document requirements
• Support for online stores, retail, subscriptions, and invoices
• Works for new and experienced CBD sellers

Approval Requirements

1. US LLC, US bank account, and US signer
2. Photo ID and EIN letter
3. COAs for all CBD or hemp products
4. 3 months bank statements (if available)
5. 3 months processor statements (if available)

FAQ