Cannabis Merchant Services
Medical – Recreational – Dispensary – Retail – Delivery
Revolutionizing the Industry with our Bank Compliant Solution
As a niche provider, the cannabis industry seemed like a natural fit for FinTech. The Cannabis division of FinTech has seen rapid growth (pun However it did not come without a challenge. The two major networks Visa and Mastercard have loosened their policies for the industry but the government still have yet to reschedule marijuana as a controlled substance making it illegal on a federal level which is a conflict with the bank’s federal charter and therein lies the rub. Despite this it has not stopped some operators and some unscrupulous merchant reps to forge ahead anyway. We knew this existed but did not realize how widespread it actually was until we started working in the industry and speaking to the merchants personally.
It is a simple concept, if you add a method of payment your sales will increase just like if you removed a method they would decline. Cannabis Operators that use our platform have reported an increase of 28% in their average ticket size and up to 42% in overall volume. What type of impact would that have on your Business?
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