WHO IS THIS CREDIT CARD PAYMENT SOLUTION FOR?
This solution is designed for recreational and medical marijuana dispensaries, normally classified as high-risk merchant businesses that find it difficult to obtain a traditional merchant account for their business type. This marijuana payment processing solution is for companies that have traditionally had to go overseas just to get a merchant account or for those merchants that have found it impossible to get any type of merchant account before now.
HOW DOES THE SYSTEM WORK?
This system is based on P2P technology. P2P stands for Point-to-Point technology. Like Paypal or Venmo, the technology keeps the transaction off the credit card rails.
IS THIS SOLUTION LEGAL?
Absolutely! Our proprietary P2P solution is completely legal in all 50 states in the U.S. with more areas coming soon. This solution works for retail dispensary payment processing, cannabis merchants, hemp oil, CBD vape, and medical marijuana dispensaries. Federal governments can regulate substances and payments on the federal level. Payment processing for hemp, cannabis, and marijuana merchants is completely legal when you follow processing and banking regulations and federal laws.
HOW DOES P2P ALLOW FOR SOCIAL DISTANCING?
Because you can process P2P transactions on any device that can connect to the internet, it makes it easy for customers to pre-pay for curbside pick-up or Delivery orders. Decrease your risk of exposure by using PaySafe Payments’ contactless cannabis payment services.
IS THIS A DIGITAL WALLET SOLUTION?
Absolutely NOT! Digital wallets are a NIGHTMARE! They create an environment where someone other than the banks are holding your money. With our P2P solution, your money flows directly from our domestic acquiring banks, via ACH into your business bank account.
WHAT IF I DON’T HAVE A BANK ACCOUNT?
Our team of professionals can assist you in obtaining a cannabis friendly business bank account into which we can directly deposit your credit card and debit card transactions.
CAN YOU DEPOSIT INTO MULTIPLE ACCOUNTS?
Our system is designed for multi-state, multi-location organizations. We can deposit into ANY business bank account if they are aware, you are a cannabis or cannabis adjacent business. We can support conglomerates with multiple owners, multiple depository accounts as well as combined depositories.
WHERE IS MONEY HELD IN THE SYSTEM?
All the money within this system is held in US banks and fully insured by the FDIC. We believe banks and credit card payments should be easy for dispensaries, CBD and hemp merchants.
DO YOU USE CRYPTOCURRENCY OR GIFT CARDS AS A WORKAROUND?
Absolutely not. This is a proprietary solution that enables you to keep your payments in US dollars accepted through all the major card brands with all funds being held in US banks that are FDIC insured. There is no cryptocurrency or gift card that has any part in this cannabis payment solution for your business.
WILL I BE ABLE TO ACCEPT PAYMENTS FROM SMART DEVICES?
Yes! You can process transactions on any device that can connect to the internet. Our P2P terminal makes accepting mobile payments easy, safe and secure. We believe that cannabis banking solutions and dispensary payment processing should be able to function like every other business in the country. We pride ourselves in high-risk merchant accounts for CBD merchants and cannabis dispensaries that make it easy to sell more.
ARE THERE ANY HIDDEN SETUP FEES?
We don’t hide fees regardless of if it’s an account for legal cannabis sales, CBD merchant account or dispensary electronic payment processing. With PaySafe Payments, we don’t hide fees, we build relationships that last. (And you can’t build relationships hiding fees.)
WHO IS THIS SOLUTION NOT FOR?
It’s not for merchants who want to sell cannabis in states where it has not been approved. Our cannabis card processing solution is only available in the 39 states in which the sale of cannabis is legal to purchase and sell. This solution is designed for those that have a brick and mortar storefront, e-commerce or offer curbside pick-up. Delivery is allowed as dictated by local and state laws.