diepensaries not taking credit/debit cards and checks

We are a consulting firm that specializes in payment processing for dispensaires. For more information, please contact [email protected]

The Transaction Group has been helping more medical marijuana dispensaries accept credit cards. If you are having problems getting accepted or have lost your provider remember us.
Marijuana merchant account stipulations:
- retail locations only
- no eCommerce or mail/phone transactions
- products being sold must be herbal supplements

If you have any questions about a medical marijuana merchant account or would like to begin the application process, there are 3 ways to do so:

• please call us at 877-238-3525
• email us at [email protected],
• or if you prefer, you can contact us here.

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Originally Posted by MichaelRupkalvi

The Transaction Group has been helping more medical marijuana dispensaries accept credit cards. If you are having problems getting accepted or have lost your provider remember us.
Marijuana merchant account stipulations:
- retail locations only
- no eCommerce or mail/phone transactions
- products being sold must be herbal supplements

If you have any questions about a medical marijuana merchant account or would like to begin the application process, there are 3 ways to do so:

• please call us at 877-238-3525
• email us at [email protected],
• or if you prefer, you can contact us here.

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Herbal Supplements >>> Sounds shady. What do you categorize the type of business on the application as? To all MMC's trying to get a bank or CC processing through the backdoor or deceptively will only hurt you and our industry in the long run. Anytime you apply for these services make sure you apply as a MMC not pharmacy, floral shop, supplement shp, etc...
L

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Originally Posted by ElevateOrganics

Herbal Supplements >>> Sounds shady. What do you categorize the type of business on the application as? To all MMC's trying to get a bank or CC processing through the backdoor or deceptively will only hurt you and our industry in the long run. Anytime you apply for these services make sure you apply as a MMC not pharmacy, floral shop, supplement shp, etc...
L

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Yeah, that's not legal.

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Originally Posted by pfunk211

did i overhear this correctly?

banks will not allow dispensaries to collect payments in form of debit/credit or checks because the federal government threatened to take away the banks federal insurance if they do so?!

that's fucked up, man.....

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we still take cards so I believe it depends if your provider has any stones or not.:thumbsup:

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Originally Posted by ElevateOrganics

Herbal Supplements >>> Sounds shady. What do you categorize the type of business on the application as? To all MMC's trying to get a bank or CC processing through the backdoor or deceptively will only hurt you and our industry in the long run. Anytime you apply for these services make sure you apply as a MMC not pharmacy, floral shop, supplement shp, etc...
L

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The accounts are written up as medical marijuana dispensaries on the merchant application so there is nothing shady about it.

To that point don't ever sign a merchant application if the type of business listed on it is not exactly what you do.

We've set up a lot of dispensaries that were shut down for that exact reason. The account was set up fraudulently, once the bank found out exactly what was being sold that shut the account down.

Our processor is one of the few ones out there that handle underwriting & risk management under one roof, This means we don't have to worry about a banks board of directors changing their mind on mm processing.

for more info:
Medical Marijuana Merchant Accounts | Cannabis Credit Card Processing
Medical Marijuana Merchant Accounts for Dispensaries

Not to pimp them out, but Colorado Springs State Bank handles MMJ checking, savings, accounts as well as awesome Credit Card processing. One of the few in the state.

TT Dustin, the VP there...

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Originally Posted by puremmj

We opened our doors with no problems. we accept all forms. Visa,MC,DIS,AMX

We use one of the largest Authorization company's in the US for our transactions.

Authorize.net

Its my understanding that the card being used must be physically present and swiped in order to stay in compliance. If a card is keyed in manually. the transaction is routed in a non approved way. This pertains to our situation, and may not for all merchant accounts.

Sucks if we lose the net we can't process cards. not even using a manual analog swipe machine.

Frank

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Auth.net dropped us at The Village Green Society. Were on our 2nd and its super finnicky (sp?) when it accepts/declines cards. I think non-center shoppers would be suprised to know just how many people pay with CC or debit card. I bet we are nearing 50% of our daily transactions are card (maybe even 60%)

Authorize.net is just the gateway that allows you to put the payment transaction thru. They can't drop you unless you don't pay their monthly fee. Your processing bank can drop you and thus leave you unable to process credit cards using authorize.net.. If you or anyone else on this thread is still having difficulties with payment solutions, we have domestic processing solutions.

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Originally Posted by PainlessProcess

Authorize.net is just the gateway that allows you to put the payment transaction thru. They can't drop you unless you don't pay their monthly fee. Your processing bank can drop you and thus leave you unable to process credit cards using authorize.net.. If you or anyone else on this thread is still having difficulties with payment solutions, we have domestic processing solutions.

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Actually this is not true. They will drop you if they discriminate against your industry.

It happened to me. No notice, so I had no backup.

Thank gawd I found a good gateway that doesn't discriminate.

Oh & even many people in mainstream industries don't like Authorize.net.



Michelle