CBD Processing
High Risk Payment Processing Blog

Full Credit Card Processing for Dispensaries. Visa, MasterCard, Discover, and AMEX

Published October 13th, 2021 by Unknown

Full Credit Card Processing for Dispensaries. Accept Visa, Mastercard, Discover, and American Express utilizing a traditional desktop terminal for both, EMV and swiped transactions.  Compatible with any smart phone for deliveries with a credit card reader or SMS, Text To Pay feature.  Full back-end, cloud-based sales tracking of each budtender  with bookkeeping features. Call today. 

Operating in the MMJ industry can be full of struggles and hurdles. Due to recent legalization, there are still many grey areas present today. When you’re considering expanding your business or taking it online, it’s essential to find the ideal MMJ payment processing solution. 

There are not many options available for processing MMJ payments, so you need to be aware of the best options out there that you can take advantage of. 

Common Problems with MMJ Payment Processing

MMJ businesses still can’t take advantage of the most popular payment method available to Americans; credit cards. While MMJ and medical marijuana have become legal in many states across America, federal law still states that credit cards can’t be used to make payments in the marijuana industry.

Traditional credit card companies like Visa and Mastercard have policies in place that also prevent users from paying with their cards when they’re buying marijuana. We have a solution for that.

Finding the Ideal Medical MMJ Payment Solutions

While cash remains the optimal method to pay for MMJ, consumers also have other options available to them. Depending on what kind of MMJ payment solutions you’re looking into, you will be able to support different payment methods.

Automated Clearing House (ACH) payments and E-checks are available to MMJ businesses. They are great for making instant payments and taking away the possibility of human error in cash payments. 

Factors to Consider with MMJ Dispensary Card Processing

Limited banks and credit unions have now begun introducing payment solutions for MMJ businesses. These solutions usually operate with high-risk businesses and are ideal for high-volume businesses.

You can also utilize cashless ATMs that enable a consumer to access their bank account at Point-of-Sale, where the payment is directly forwarded to your vendor or merchant account without cash ever physically being present. 

It is an ideal solution for consumers who are buying small quantities or paying small amounts. You can also find payment solutions that enable customers to use different cards, but a small fee can be deducted when the payment is being made. 

Find Alternate Payment Methods to Expand Your Business

Whether through MMJ dispensary card processing or through another cashless way, you can encourage your consumers to spend more while shopping at your business. 

When cash is exchanging hands, people automatically become aware of how much money is being spent. It is why cashless methods are encouraged in most businesses to encourage higher spending.

Find the ideal payment processing solution for your MMJ business to get higher sales and profits over time. Their affordable rates combined with better business will make it worth the investment.