Yes, we offer the Cashless ATM as an electronic payment debit processing solution for retail cannabis dispensaries as well as both retail and ecommerce payment solutions for the CBD and Hemp industry. We specialize in high-risk solutions and have done so for over 30 years.
Sales increase 20-40% when you start accepting debit or credit card payments. Rarely will you see a customer go back to the physical ATM to pull out additional funds for a purchase. Our Cashless ATM reduces wait times and gives the ability to facilitate curbside pickup and delivery to help grow your business.
No, we do not. Direct credit card merchant accounts are a violation of the Card Brand rules and regulations. The Bank Secrecy Act prohibits FI’s and the card brands (Visa, MC, ec) from processing transactions for illegal products. There have been many solutions over time that have attempted to circumvent these regulations, but these solutions never last and always get shut down. The ONLY solution that has stood the test of time and has run continuously over the last 10 years is the Cashless ATM.
We have the merchant bank relationships that support credit card processing for CBD & Hemp products. We offer solutions for both retail POS and ecommerce merchants, for B2C and B2B. Our solutions enable us to accommodate a wide array of product categories, including Delta-8 and Hemp flower products.
We have the fastest turnaround time in the industry. Once we receive your signed application and the appropriate documentation, your application will be approved within 48 hours and your terminals will be immediately deployed and ready to operate.
1) Voided Check or Bank Letter 2) Previous 3 months Bank Statement 3) Driver’s License (copy of front and back) or Passsport 4) State Business License 5) Articles of Incorporation 6) W9 7) Completed and Signed Merchant Application, ATM Processing Agreement and ACH Authorization.
We provide extensive and detailed instructions that go out in a welcome letter to the merchant. In addition, if necessary, we will provide a training session for your team so that you can get up and running as quickly as possible.
There are no mandatory sales volume thresholds…we want you to be able to process as much volume as necessary to run your business. However, there is a $800 per transaction limitation as a fraud prevention measure to protect your business.
For the Cashless ATM, we service all states where Marijuana has been legalized for either recreational or medicinal use. For our CBD and Hemp processing solutions, we support businesses in all 50 states.
For all of our processing solutions, we provide VIP, concierge style service and support before, during, and after the application process. We offer multiple layers of support to our customers so that they can always get the help they need, when they need it.
It is not necessary to have this system integrate to your POS system, but we are working with multiple POS providers to provide an integrated payment solution. A significant advantage of our Cashless ATM back-end portal is second to none when it comes to providing real-time reporting of transactions and being able to pull daily transaction reports in order to reconcile transactions with your POS software.
As noted, we can integrate with your POS software, but that decision is really up to the POS software vendor. We are integrated into one of the largest cannabis POS vendors in the market and are in discussions with several others.
While there is a very low likelihood that our solution would get shut down, we have redundancy built into our Cashless ATM platform with additional ATM processors and banks. Remember that the Cashless ATM solution is 100% transparent with our processing and banking partners meaning that there will be no surprises. Furthermore, this type of solution has been operating continuously for 12 years and has been the most stable electronic payment solution for the industry.
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