Alpha Merchant Bank Review

June 1, 2022


Alpha Merchant Bank is a high-risk payment processor. It specializes in CBD domestic merchant processing, as well as Bitcoin processing. The company is one of the first to accept digital currency as payment for cannabis products. It can also be integrated into standard shopping carts, putting e-commerce at the core of its business offerings.

It can also set up merchant accounts for businesses to start accepting checks and debit cards to replace credit cards. As it is still illegal for the cannabis industry to accept credit card payments, Alpha Merchant Bank’s debit processing solutions might be the best alternative. The company is more than just a payment processor. It empowers dispensaries to grow the industry.


Alpha Merchant Bank Merchant Services

Merchant Bank Accounts

Alpha Merchant Bank is working with acquiring banks to open merchant accounts for all businesses, specifically those in the CBD industry. This will empower your CBD business to start accepting traditional payments such as debit cards and checks. Currently, it accepts Visa, Mastercard, Discover Card, and Bitcoins.

High-risk Merchant Account

High-risk businesses have a more challenging time getting approved for merchant accounts. The nature of their business is a red flag for most acquiring banks. Alpha Merchant Bank can offer high-risk merchant accounts for the following businesses:

  • Dispensaries
  • Cannabis seeds
  • CBD
  • Kratom
  • Nutraceuticals
Automated Clearing House (ACH)

Alpha Merchant Bank also offers ACH. It allows businesses to process checks that are automatically debited from the clients’ accounts. The money goes directly to the merchant once the check is cleared. Contrary to popular belief, many customers still prefer to pay with their checking accounts than hand over their debit card details.

Cryptocurrency Payments

Alpha Merchant Bank accepts Bitcoin payments for CBD merchants. It is not clear if it accepts other forms of digital currencies, but if not, it is only a matter of time before it does. The ability to accept digital coins will help any business grow, especially those in the cannabis industry. Since it is considered a high-risk business, having Bitcoin payments is an advantage.


Easy-to-use App

Another advantage of Alpha Merchant Bank is its easy-to-use app. Customers have an easier time paying for their purchases with an app. It integrates with many platforms, and it provides seamless payment processing. The downloadable app is accessible across many devices, allowing merchants to accept payments even when they are in non-traditional business settings.


Alpha Merchant Bank Fees, Rates & Pricing

Processing Fees

Alpha Merchant Bank does not publish its fees, rates, and pricing. However, one website said that it has a processing fee of 3.95% for domestic CBD merchant accounts.

Additional Fees

There is no information about Alpha Merchant Bank’s additional transaction fees.

Hidden Charges

There is also no information that Alpha Merchant Bank has hidden charges.

Alpha Merchant Bank Complaints

There are no formal complaints against Alpha Merchant Bank.

Rip Off Reports

There is no information that Alpha Merchant Bank is a rip-off.

Other Complaints

There are no other complaints about Alpha Merchant Bank.


Alpha Merchant Bank BBB Rating

The Better Business Bureau (BBB) website has no listing of Alpha Merchant Bank. The company is not accredited or rated by the bureau that rates payment processing companies from A+ to F.

The bureau is significant because many merchants only want to work with BBB-accredited companies. The BBB allows merchants to file a complaint against erring companies. However, the BBB is not the only group that can accredit and rate payment processors.

BBB Reviews

There are no reviews about Alpha Merchant Bank on the BBB website.



Is Alpha Merchant Bank Legitimate?

The Alpha Merchant Bank seems to be a legitimate company based on the information on its website. It also has a profile on a business networking site. However, the bank has no profiles on more popular social media sites like Facebook, Twitter, and LinkedIn.

ScamAdviser also only gave it an average trust rating of 61/100. The positive highlights of the website are the following:

  • Money-back guarantee
  • Sells products online
  • The website has been present for years


However, ScamAdviser also warned against the fact that the website has cryptocurrency services and anonymous payment methods. It also doesn’t have reviews on popular sites.


There are no scam reports about Alpha Merchant Bank.


There are no lawsuits filed against Alpha Merchant Bank.


Alpha Merchant Bank Customer Reviews

Alpha Merchant Bank does not publish client testimonials on its website. Unfortunately, there are no reviews about the company on popular sites. A thorough look on the internet also found no mention of Alpha Merchant Bank on social media sites. Google users also have not reviewed the company.



It is hard to recommend Alpha Merchant Bank to merchants even though it offers unique payment solutions. Aside from its website, there is not much information about the company. There is only one page about it on Zoominfo. Merchants don’t talk about Alpha Merchant Bank in forums and other sites.
If you are looking for a high-risk payment processor, it is better to check other companies first. Reach out to a licensed agent of Alpha Merchant Bank if you still want to consider this payment processor for your business.

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