Take credit card payments at your Colorado medical or recreational marijuana dispensary with assistance from Marijuana Merchant Services (MMS).
Ever since major credit card companies struggled with their policies regarding the mmj industry, medical marijuana dispensaries in Colorado have had a difficult time setting up merchant services to enable them to process credit cards.
After July 2012, when traditional merchant accounts were no longer available to medical marijuana dispensaries, many dispensary owners thought they had no option but to operate as cash-only businesses.
At the 1st sign of the changing times, we partnered with a U.S. bank to offer a new solution. Our alternative credit card processing solution, known as point-of-banking or POB, worked well for several years.
Now, we have an even better solution in place that works much like traditional merchant accounts. Using a smartphone app, customers are able to pay for products in store using a debit or credit card, without having to enter a PIN.
Code can be easily added to a dispensary’s website enabling customers to select and pay for products online and then plan for in-store pick up or schedule a delivery.
While previous merchant account services rates were as high as 5%, this program has much lower rates and fees for dispensaries. Dispensaries will save thousands of dollars in monthly processing fees.
And POB convenience fees used to cost the customer up to $3.00 per transaction, this program is free for customers.
Offering this value-added service to your customers does not cost you much at all.
Debit cards rates are just 1.95% and credit card processing rates are just 2.95%! There are:
- No set up costs
- No monthly fees
- No reason not to sign up!
Walk-in dispensaries offering adult recreational marijuana can process credit cards with the terminal in their retail locations and because the app is smartphone-based, your delivery personnel can process customer credit cards in the privacy of their own homes.
We offer INSTANT approvals! Sign up today and start taking credit cards at your dispensary in Colorado today.
Contact us to find out more or to get started with an application!
Phone: (800) 261-7346