OVERVIEWWhy the Solution is Rock Solid
For the last 9 years P2P technology has successfully been used globally to separate the card purchase from the prohibited good/service transaction. In 2019 the team approached domestic acquirers with the hypothesis that because the cannabis industry is so highly regulated, if P2P technology is employed correctly, the industry segment will prove to be low risk. We completed our beta test in March of 2020 and the results were exactly as expected. The data showed a chargeback ratio 1/5th of the acceptable level for “low risk” industries.
We require merchants to have a depository account that is aware the merchant is in the cannabis space. If merchants do not have one, we can provide one. Once on our P2P program, retail clients can safely accept all forms of credit and debit, with full transparency and without the risk of losing service. Wholesale merchants can move large sums of money from business to business instantly and at no cost.