Merchant Account for Medical Marijuana Dispensary
Merchant Account For Your Medical Marijuana Dispensary
Please visit Marijuana-merchant-account.com
If you own or are planning to open a legal medical marijuana dispensary then please take a look at our excellent merchant account program for your business. Since 1996 Credit Card Processing Services has provided merchant accounts to thousands of merchants nationwide.
Due to a recent decision by the underwriters of our primary low risk processor, Global Payments, we are now able to accept and approve your medical marijuana dispensary as a low risk, domestic merchant account and offer you the exact same competitive low rates that we currently provide to all of the other low risk businesses that we provide merchant services.
Excellent Low Rates
MasterCard Check / Debit Cards (Non PIN-Based) 1.49 % + .25 per Transaction
MasterCard Credit Card Rate (Qualified Swiped) 1.69 % + .20 per Transaction
MasterCard Credit Card Rate (Mid-Qualified â?? Rewards Cards) 2.61 % + .20 per Transaction
MasterCard Credit Card Rate (Non-Qualified â?? Business Cards) 2.96 % + .20 per Transaction
Visa Check / Signature Debit Cards (Non PIN-Based) 1.49 % + .30 per Transaction
Visa Credit Card Rate (Qualified Swiped) 1.69 % + .20 per Transaction
Visa Credit Card Rate (Mid-Qualified â?? Rewards Cards) 2.61 % + .20 per Transaction
Visa Credit Card Rate (Non-Qualified â?? Business Cards) 2.96 % + .20 per Transaction
Debit Cards (With PIN) 15 Cents plus Network Fee
Monthly Minimum (Equates to Approx. $1200 in Sales) $25.00
Monthly Service Fee $7.50
American Express (Inquire About Rate for Your Business Type) 15 Cents per Transaction
Discover Card (Almost the Same Rates as MasterCard & Visa) 15 Cents per Transaction
Daily Batch Fee 5 Cents per Batch
24/7 Toll-Free Tech Support Free
Application Fee None
Setup Fee None
Annual Fee None
Hypercom Credit Card Terminal Free Placement
External PIN-Pad for Debit Cards (Optional) $5.00 per Month
Equipment Shipping Free
Terminal Training Included
Above Pricing Accurate as of: April 2010
Got Questions? Call Toll-Free
1-800-717-1245
Free Credit Card Terminal
Included in our program for Medical Marijuana Dispensaries is a free Hypercom T4220 credit card terminal. This sleek sharp looking, PCI-Compliant, simple to use terminal will look great on the counter of your store. You will have the ability to accept all of the major credit cards including MasterCard, Visa, Discover, American Express, and both offline and PIN-Based debit cards.
Add a PIN Pad to your Terminal
If you would like to add a PIN Pad to your terminal in order to accept PIN-based debit cards then please let us know. For only $5.00 per month we will send you an encrypted PIN Pad. By having your customer enter in their PIN it will save you in processing fees, especially for transaction amounts over $50.00.
Special Approval Guidelines
In order to approve your medical marijuana dispensary we have come up with some very specific and reasonable underwriting requirements:
Complete the standard Merchant Processing Application. We begin the process by asking you to complete our short Merchant Application Worksheet.
The sales of Medical Marijuana must be legalized in the specific location of the merchant by both state and local law.
All sales must be conducted at a 100% card swipe retail location. No MOTO or Internet sales will be allowed.
One of the following must be included with the merchant application.
State License
Sellerâ??s Permit
Articles of Incorporation stating that they are legal to sell medical marijuana
Letter or email stating the following steps taken to sell this product in compliance with the laws specific to your state, to include but not limited to:
Indicate whether a customer needs a prescription and if so, what the merchant keeps as documentation that a prescription was obtained.
Provide a brief explanation of the sales process.
Provide an explanation of how reorders are handled.
Indicate whether the cardholder presents registry every time.
Indicate whether registry is kept on file and provide the state age limit.
Now that you have read about our exciting program we invite you to start the application process by completing the Merchant Application Worksheet from the Apply Now link at the top of marijuana-merchant-account.com. Please feel free to contact Kevin by email, by calling 215-489-7878 or toll-free at 800-717-1245.
Merchant Account for Medical Marijuana Dispensary
Medical Marijuana Merchant Accounts for Dispensaries
Here at The Transaction Group (TTG) we have solutions in place for dispensaries that require medical marijuana merchant accounts:
- Do you own a medical marijuana dispensary and need to accept credit cards?
- Do you currently have a merchant account but are having problems with your processor or your business checking account?
- Are you looking to reduce your processing fees?
As we're sure you already know, it's critical that you have the ability to accept credit cards, no matter what type of business you operate. Here at TTG we understand how important this is and that is why we researched the available marijuana merchant account processors in order to locate the best and most dependable merchant account solution for your dispensary.
Merchant accounts for medical marijuana have historically been quite difficult to set up and be approved, and even if approved, many dispensaries would have problems:
- their merchant account would be shut down and their funds frozen due to their processor changing their policies; and
- their business checking account would be closed by their bank due to the nature of their business
Well not only can TTG assist you with a marijuana merchant account, but we can also help you with establishing a business checking account.
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"But let's be honest here. The times are challenging for medical marijuana dispensaries wanting to accept credit cards from their customers. Knowing the nature of banks and credit card processing companies, there is always going to be a risk of their changing their policies regarding medical marijuana accounts. Even though we are confident that our selected processing and bank partners will continue to service the medical marijuana community, our commitment to you is that should their policies ever change, we will help you find another solution so your business is not adversely affected. You can spend your time running your business while we manage the transition." Michael L. Rupkalvis,
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TTG can provide your medical marijuana dispensary with a seamless credit card processing solution from point of sale to settlement. You have to operate a legal retail-only dispensary (no ecommerce, mail, telephone or other keyed transactions).
To get started with your medical marijuana merchant account, or should you have a question, you can:
