Hemp and CBD Businesses

Robust Banking + Payments Solutions for CBD and Hemp

As a hemp or CBD business, you’re in a tight spot. Trying to offer quality products while staying compliant in a highly regulated – and often unclear – industry can be a nightmare. Shut-down bank accounts and locked-up ecommerce revenues get in the way of growing a business and serving your customers. 

Abaca’s financial services are purpose-built for hemp by regulatory and compliance experts so businesses like yours can stay banked and focused.

We offer secure and reliable banking, merchant services, and electronic payment solutions all in one online platform.

Worry less about banking and more about growing.  

  • Access to hemp-friendly, FDIC-insured business bank accounts 

  • Pay vendors and get paid electronically

  • Speed up electronic customer and supplier transactions

  • Automate compliance and cut costs

  • Stay in control with powerful, yet simple, mobile and web-based dashboards

Compliant Banking

Access to hemp/CBD-friendly, FDIC-insured bank accounts

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Payment Exchange

Get paid and pay your bills quickly and electronically

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Merchant Services

Hemp-friendly credit card processing

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Banking Made for Hemp and CBD

Even with federal legalization of hemp, companies are still forced to navigate fickle and clunky systems to maintain a bank account. And just when you think you have it figured out, your account gets shut down.

Abaca offers hemp businesses access to hemp-friendly bank accounts in your business’ name. Purpose-built for this industry by regulatory experts, our online platform automates compliance so you not only stay compliant, but save money in the process. 

Take back your company with hemp-friendly bank accounts proud to serve you. 

  • Secure, FDIC-insured bank accounts

  • Access easy payment options to automate and simplify AR and AP

  • Maintain control with an easy and intuitive mobile and web-based interface

  • Secure accounts through cannabis-friendly banking partners

  • Keep your money close with local banking partners

How it works

STEP 1
Get Started

Tell us more about your business needs by filling out our form. We’ll send you general prices or a custom quote depending on what you’re ready for.

STEP 2
Due Dilligence

Your dedicated Abaca representative will collect all necessary information to keep you compliant as we set up your account.

STEP 3
Onboarding

Onboarding is quick with Abaca-led support.

STEP 4
Hit Go

Make your first deposit and sit back and enjoy secure, reliable

Get Started with Abaca

Get Started

Faster and Easier Payments

Getting paid on time and easily paying your suppliers or employees should be one of the givens about running a business. But it’s never that easy when you’re a hemp or CBD business.

Abaca’s Payment Exchange helps companies operate like the modern business they are through electronic and ACH and credit card payment capabilities. And with smart systems, your business can save time and money invoicing, settling accounts and making payments. 

  • Set it and forget it with recurring credit card billing 

  • Tech-enabled automation so you can settle AR & AP in a few clicks

  • Speed up the payments process with electronic and ACH capabilities

Get Started with Abaca

Get Started

Abaca Merchant Services

Consumers like to pay with credit cards, whatever they may be purchasing. And in a world going more digital, access to reliable merchant services for online and in-store credit card processing can be a significant competitive advantage. 

But it can be expensive and exhausting hopping from solution to solution because they’re either not hemp friendly or full of hidden costs. 

Built specifically for hemp and CBD with regulatory compliance at the center, Abaca’s Merchant Services keep businesses like yours compliant while making it easier for your customers to pay. Everything we do is enabled by modern technology, to give you more visibility while keeping costs low.

  • Quick and reliable credit card processing capabilities

  • Purpose-built for hemp – don’t worry about shut-downs or lock-ups 

  • Tech-enabled to automate compliance and keep costs down

  • Works for both in-store and ecommerce transactions anywhere in the U.S.

  • No hidden fees

  • Cashless and contactless for a new reality

How it works

STEP 1
Get Started

Tell us about your business so we can send you general information or custom quotes.

STEP 2
Set it Up

Work with your dedicated rep to collect and submit necessary compliance documents for approval.

STEP 3
Onboarding

Connect your account to your payments gateway on your own or with free support from our team.

STEP 3
Hit Go

Start accepting credit card payments.

Get Started

Resources

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