FEATURES & BENEFITSCredit Cards Increase Revenue
ACCEPT ALL FOUR MAJOR CREDIT CARD BRANDS AT YOUR DISPENSARY OR DELIVERY SERVICE
Until now, it was impossible to get legally compliant credit card processing at a marijuana dispensary or delivery service. For legally licensed dispensaries, debit cards have been the only option for card payments (so far) that have proven to be trouble free. Let MMJ Bankers show you how and why you can now take every major credit card and have that deposited without issue right into a cannabis business checking account. If you already have an account… that’s great. But if not we can set one up for you for only $99 a month and with no hidden fees or extra charges based on deposit amounts.
TAKE DEBIT AND CREDIT CARDS FOR PAYMENT
Cannabis dispensaries and delivery services haven’t been able to find a compliant payment solution allowing both credit cards and debit cards until now. You may have heard or even experienced one of the many work around solutions that ultimately failed. Most cannabis payment processors would only allow debit card processing or tried and failed at a crypto or gift card style solution to take credit cards.
MMJ Bankers has the only 100% legally compliant debit and credit card processing solution.
The customer experience is the same as if they were shopping anywhere else. The only exception is the requirement to show their government ID. Curbside pick-up and delivery options are also available as we can take phone orders. Just take their credit card information over the phone. They are sent a txt message receipt. They pull up to your store and flash the receipt on their cell phone, you check their ID and they are on their way.
THE MONEY IS HELD IN US BANK ACCOUNTS
We only work with US banks, we never use off shore accounts and all the banks are fully aware that this is cannabis money. Having total transparency all the way through the process is part of what makes this solution stable and worry free.
We review your account after a 90 day probation period. Closely monitoring your chargeback ratio. Staying below 1% is the key to staying on this program. The companywide average is about 2 tenths of 1 %. Those that are below a half of 1% will have the lowest rates and fastest funding times.
TICKET SALES ARE AT LEAST 20% HIGHER
It is pretty much common knowledge that when someone can use their credit card that they will spend more and shop more often. Our NER (net estimated rate) calculator is set at 20% to show you what this means to your store. It can calculate what the actual cost of our service will be and also estimate your increased revenue amount assuming a 20% rise in overall sales (usually occurring after 90 days). The reality is our average customer sees a 26% rise in sales.
REDUCE CASH HANDLING ISSUES
Having excessive amounts of cash on hand is never good for business or your physical and financial security. While accepting credit cards will not completely erase this problem, businesses that accept credit cards see up to a 75% decrease in cash by safely transferring funds electronically into their cannabis business checking account. If you do not have a cannabis business checking account, one can be provided to you for only $99 a month.
ALL FUNDS ARE FDIC INSURED
All funds are held in US banks that are FDIC insured the entire time. There’s no need to worry about large piles of cash or a shady overseas account to build your business. We are fully transparent with our banking partners and they are completely aware that all the money is coming from cannabis sales.
NO CRAZY WORKAROUNDS
Every other solution on the market uses gift cards or cryptocurrency to work around the laws and systems put in place to protect both you and your customer. This solution is a merchant account built for dispensaries by people with in depth knowledge of the banking, merchant processing and cannabis industries.
There’s really no learning curve for you, your staff or your customers. They experience the sale just like they would if they were buying a cup of coffee at their coffeehouse. Any and all support is prompt, courteous and helpful. We want you up and running as fast and as easy as possible.