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BlogIf you’re running a marijuana dispensary or cannabis store, you might have a hard time finding marijuana friendly credit card processors. Although these products are now legal in many parts of the United States, the fact that they’re still illegal on a federal level means many traditional payment services won’t help your business. Fortunately, there […]
If you’re running a marijuana dispensary or cannabis store, you might have a hard time finding marijuana friendly credit card processors. Although these products are now legal in many parts of the United States, the fact that they’re still illegal on a federal level means many traditional payment services won’t help your business. Fortunately, there are alternatives available.
While it might be a little trickier to find the best credit card processor for your marijuana business, there are now various processors that focus specifically on the cannabis industry. Not only can these services help you take credit and debit card payments, but many offer extras such as POS software and equipment to keep your business running smoothly. Here are some of the best marijuana friendly credit card processors to consider.
Naturepay is one of the biggest and best marijuana friendly credit card processors. Based out of Alaska, Naturepay provides a domestic merchant account for businesses in the marijuana industry. Not only that, but it can also help set your business up with POS equipment, online payments, as well as cash security and management.
The service offers many modern solutions for your business. For instance, you can offer customers reloadable payment cards that make it easy for them to load funds from their bank account and pay. You can even offer reward points. They also offer great POS systems that allow you to take payments from a tablet or phone.
CyoGate is a service that offers high-risk merchant accounts for retail and e-commerce businesses. Their platform offers a payment gateway that allows you to take credit card payments from a mobile phone, making it easy to set up a POS system. It also allows you to process online payments if you choose to sell your products online.
It’s a great service for marijuana dispensaries and stores that need a reliable way to take payments. Not only that, but CyoGate also offers other helpful services for high-risk businesses including electronic invoicing, QuickBooks support, shopping cart software, and even business loans and equipment leasing.
EMB or eMerchantBroker is a highly-rated service offering high-risk merchant accounts. They serve many businesses across various high-risk industries, including e-cigarettes, adult entertainment, gambling, and of course marijuana and CBD businesses. With a wealth of experience and practical services tailored to your business, EMB is a great option.
Along with credit card processing for your business, EMB also offers an online payment gateway, merchant cash advance, and a helpful chargeback management system to protect your business. Their service even allows dispensaries to accept e-wallet and debit card payments. Many other services are also provided to help your business run smoothly and stay ahead of the competition.
The Transaction Group is another one of the best marijuana friendly credit card processors you can use for your business. This long-running service has been helping marijuana businesses and other high-risk industries with payment solutions for many years, offering various services to help your marijuana business handle payments smoothly and efficiently.
Their cannabis payment processing system is simple and efficient, allowing you to take debit and credit card payments with a small convenience fee. Companies can get approved and start taking payments swiftly- sometimes in as little as 1-2 days. No long-term contracts are required and the whole service makes things easy and hassle-free.
Shift is another cannabis credit card processing service that’s well worth considering if you’re in the marijuana industry. Shift offers an easy-to-use system that allows you to take payments from all major card types including Visa, Mastercard, Amex, and Discover. It even offers zero-fee processing for high-risk merchants, meaning you’ll save more of your profits.
You can sign up and get approved within 48 hours, and with no long-term contracts, no setup fees, and a super quick set up, the whole process is smooth and efficient. You’ll even get some fancy point-of-sale equipment free-of-charge so you can start processing payments from your customers as soon as possible.
MMJPay is a payment processing service designed specifically for medical marijuana businesses. MMJPay’s system makes it a breeze for dispensaries to take card payments from all major card types. Not only that, but it’s also designed to be completely legally compliant with federal reporting guidelines.
If you’re operating a business in one of the 31 states where medical marijuana is legal, MMJPay is a solid choice for taking payments. It allows you to take payments through any PC or Android device. You can even take mobile payments using a smartphone. MMJPay also offers compliant merchant bank accounts for marijuana businesses and on-site ATMs to make it easier for customers to make cash payments.
Instabill is a merchant service that offers services for high-risk businesses, including those in the marijuana industry. If you’re having a hard time setting up a business bank account, Instabill can help you with a high-risk merchant account. They also offer low-cost card payment processing so your business can take credit and debit card payments.
They offer various solutions for businesses looking to take card payments. Not only can they set you up with EMV-ready point-of-sale technology in your storefront, but they also offer online credit card processing solutions. With no account set up fees and a reliable service, Instabill is worth checking out.
Greenleaf provides a competitively priced payment processing service that serves the marijuana industry. They allow dispensaries, cannabis stores, and other related businesses to accept debit and credit card payments with no lengthy contracts and no hidden fees.
This is another great option for marijuana businesses. Not only can Greenleaf help with POS payments, but they also offer processing for online, mail order, and telephone order payments. Their system is secure, confidential, and PCI compliant and they offer free consultations for interested businesses.
These are some of the best marijuana friendly credit card processors for all kinds of companies in the marijuana industry. Taking card payments will help you increase your profits and offer customers a better, more convenient experience. For more advice and resources on improving and promoting your marijuana business, check out CannabisPromotions.