818-371-2878 sales@mmjbankers.com


Transparent, Secure and Legally Compliant

How much is this going to cost me?

The rate for the TEXT-TO-PAY platform is 6.95% + $0.30 cents per transaction. But you have the option of sharing a part or all of the transaction fee percentage with your customers. This will offset or eliminate the cost almost completely. Most of our clients are paying between 1%-4% for the service. There is also a $199 monthly flat rate fee. The fee covers the payment platform and the virtual checking account built inside it.

The cannabis business checking account integrated into the TEXT-TO-PAY payment platform is provided for Free. Great for businesses of all sizes. =====================

The rate for the Cashless ATM – debit card only – is $2.00 to $3.00 (depending on volume) with a contract or $4.00 for a month-to-month agreement. All fees are charged to the customer – $0.00 fees are charged to the business. And there is no monthly fee. Some people consider debit card processing safer than accepting credit cards. But the TEXT-TO-PAY platform is equally safe by only running on the ACH rails.


Real Pin Debit Card Processing for Cannabis Medical or Retail Dispensaries and Delivery Services.  This is NOT a Cashless ATM. This is mainstream debit card processing. It is exactly the same debit card processing you see in every retail store. The customer inserts their card in the terminal, and then enters their PIN # and that’s it. PIN DEBIT CARD PROCESSING – (3.50% – 4.00%) + $0.42 per transaction

How can I afford that?

There are two answers to this question. The first answer is that the TEXT-TO-PAY and the REAL DEBIT CARD PROCESSING platforms allow you to share the costs. This allows to you pass on any amount you decide to the customer to help offset the transaction fees. Typically a store will go with a $3.00 to $5.00 flat fee charged to the customer which will greatly reduce the cost. But you can reduce the transaction percentage fee to $0.00 if you like. Most of our locations are paying between 1%-4% for these service.

The only start-up cost with Cashless ATM are the card readers. They are $425.00 for the in store model and $500.00 for WiFi (delivery). These are ExaDigm N5, brand new, under warranty, touch screen card readers. All costs/fees are picked up by the customer.

The second answer is that you can’t afford not to take credit & debit cards. The #1 reason is that there will be a significant rise in sales once you do. Customers spend more per sale and shop more often. Our clients are seeing a 26% increase in the average sale amount over cash. Reason #2 – our clients are seeing an increase in Net Revenue of between 10%-14%. And reason #3 – you can mainstream your business with credit/debit card acceptance and an above board cannabis bank account.

After 14 months we have over 350 locations on board with the TEXT-TO-PAY platform in all 34 states where cannabis is legal. Over 800 locations with Cashless ATM.

What if I don’t have a bank account?

You will need a business bank account. The reason being is that our partners require it for full transparency. If you do not have an account, a cannabis business checking account will be provided to you for FREE inside the TEXT-TO-PAY platform. There are no extra fees regardless of deposit amounts. For the Cashless ATM and Real Debit Card Processing any business bank account is acceptable for deposits. Depending on your state and overall needs, MMJ Bankers can refer you to traditional brick & mortar bank or one of the three online Cannabis banks listed on our Home page.

Who are you guys?

MMJ Bankers is an independent referrer that continues to find and provide the safest and most secure debit & credit card payment processing and banking solutions in the industry. We are currently offering three payment solutions. A Cashless ATM platform taking debit cards only, TEXT-TO-PAY, a P2P electronic payment platform (like venmo or paypal) accepting all major credit & debit cards, and traditional debit card processing, just like you see in every other retail store. We also have a variety of banking solutions depending on the state you are located, and whether you need to make cash or electronic deposits, or both.

Why should I trust you?

My clients tell me they get up to 5 calls a week offering one card solution or another. What I say is this. Our Cashless ATM solutions come from two of the largest providers in the country. They are about equal in most respects and have over 1,000 locations on board including many of the large scale corporate cannabis groups.

The credit card solution (TEXT-TO-PAY a P2P Electronic Transaction Processor) is now in over 350 locations, it has been up for 14 months and with no down time, it is totally transparent and comes with a cannabis checking account if needed. It runs on the ACH rails so it is totally compliant, allowing funding from every major card brand. Our Real Debit Card Processing is totally transperant and runs on the debit card rails with the express approval of our bank and the companies that monitor the debit rails.

Just like you I am as skeptical of anything I see or hear regarding cannabis credit card processing or cannabis banking. I have personally worked through all the crazy credit card and sketchy banking solutions used in the past… and these are the ones I recommend today. We are in an evolving industry and MMJ Bankers works to stay ahead of the curve.

How do I know if I will be approved?

Because we can’t discriminate, we give all LEGAL dispensaries an opportunity to participate. EVERYONE starts at the same rate and funding schedule. If you decide to choose the TEXT-TO-PAY platform, we closely monitor the risk factors for a 90 day probationary period. By the end, the merchant will either be removed from the program, or have the lowest rate, fastest funding cycle and lowest reserve possible. Acceptance is based on having a valid cannabis license not your credit report.

David Winsen