Payment Processing - Know Your Options
Let's get this out of the way, a dispensary is not allowed to have their own direct payment processing agreement for as long as cannabis is federally illegal (schedule 1). You need a 3rd party processing agreement. Let us help you navigate through your options.
Compliant Payment Processing
As of July 2023, the direct sale of cannabis on any payment network for either credit cards or debit cards has been forbidden. In order to be compliant the card brands must approve the correct processing method if the transaction is taking place in a dispensary or other cannabis operation. This usually involves using digital wallets, crypto currency, electronic gift cards, software, etc..
Accepting Card Payments
Are there gaps in your payment acceptance program? Are you offering the major payment types that your customers actually want? Cash, ATM, Debit and Credit. Not all customers buy the same and you need to cater to them or someone else will. The industry is evolving and just having an ATM isn't enough. With Merchant Club, you can now accept credit and debit cards for your store and for delivery. We have both terminal and virtual solutions available.
Customer Buying Experience is Key
If it is not complicated then they will spend more. Simplified payments is critical. Your customers should experience the sale just like buying items anywhere they frequent. Provide them with options that best fit both how they like to spend and what fits how you like run your business.
20 to 40% Higher Ticket Sales
Electronic payments acceptance will make or break a stores profitability. It's vital to their survival. If cash only, then your customers are forced to pre-plan their spending before walking in the door. Having the ability to run a card at the counter promotes "spontaneous spending" which will account for an average of 20 to 30% increase in spend over stores that are cash only.
Less Cash = Lower theft
When more and more of your customers start using credit cards for their purchases, you’ll have much less cash on hand reducing the risk large amounts of cash brings.
WHO WE SERVE
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Dispensaries
Terminals or Card Swipers
Retail CBD
Delta 8, Delta 9 and THCA
Cannabis Delivery
4G Wireless Terminals
Or Text to Pay
Online CBD and Kratom
Payment Processing
BENEFITS
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Accept Credit & Debit Cards
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Increase Store Revenue up to 30%+
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Merchant Cost: Pass most or all fees onto Customers
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POS integrations
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ApplePay / GooglePay
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Tip Line
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Chargeback Protection
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Text to Pay or QR Code option for Curbside pick up or Delivery
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Accurate Online Reporting
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(per terminal/location)
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Cashless Delivery for your Drivers
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Attract & Retain Customers
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Encourage impulse buying
QUESTIONS?
Do I need a Cannabis Bank Account?
If you need help we have relationships with over 50 cannabis banks nationwide.
I already have an ATM or Debit Card solution
That's great! Keep them as they are great to have in any business.
However you want to provide your customers with same payment options that they are accustomed to using everyday in order to attract and retain more customers.
Your customers should be able to transact at your location just like they do at any other retail store.
Do you a have compliant way to take Credit Cards?
Yes, however we do not use any of the credit card brand rails for the direct sale of cannabis products. We have several solutions to choose from. Contact us for for more information regarding your options.
What to Learn More?
Merchant Club of America is proud to support the
following organizations:
POS Supported
Merchant Club of America is not a processor or a bank and does not claim any direct integrations or ownership of the above mentioned companies. Any product names, logos, brands, and other trademarks or images featured or referred to within this website are the property of their respective trademark holders.