Using Credit Cards for Marijuana Purchases
Whether you’re a startup dispensary or have had an active medical marijuana business, you may have already encountered the common issue of having a hard time finding a credit card and payment processing service that will work with you. That is mostly due to the federal laws surround marijuana which has caused many of the credit card companies to avoid marijuana businesses. Additionally, most merchant account and payment processing services have also rejected such businesses.
Back in August of 2013, though, the US Justice Department it would no longer challenge state laws regarding marijuana. That caused a few credit card companies, like Visa and MasterCard, to being opening up their services to these businesses. That being said, many of the payment processing companies still have not changed their policies regarding medical marijuana businesses.
As you know, only accepting cash isn’t the most business-friendly option as the majority of your customers likely prefer using a credit or debit card.
Here at Green Times Group, we’ve partnered with private lenders, banks and credit card processing companies that are willing to work with medical marijuana businesses. We’ve also negotiated the best rates to offer you a solution.
Our credit card processing services include the following:
- Cards accepted: Visa, Mastercard
- HSBC Bank
- Funds are deposited within 72 hrs
- 1st Deposit is in 7 days
- No application fee, no start up costs
- Machine delivered within 7 days
According to a study done by Intuit, the simple act of accepting credit cards could increase your sales by double or triple that of cash-only businesses.
The importance of accepting credit cards at your business is clear so there is no reason to wait. Get started by contacting us today about our payment processing services.