Cannabis Payment Processing
Proven, Stable, and Legitimate Cannabis Merchant Accounts
Searching for Compliant Cannabis Payment Processing?
Bankcard International Group is your trusted leader in Cannabis Merchant Accounts.
We offer the industry’s first transparent and compliant cannabis payment processing merchant account. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. Our Bank and Processor have worked within federal regulations to create the first traditional card processing solution for the industry. Both the bank and the processor are disclosed on our application – GET STARTED TODAY! Empower your business to accept card payments for cannabis now and be ready to accept credit cards with the flip of a switch upon federal change.
For the sustainability of the industry and your business we offer only proven, legitimate, and compliant cannabis payment solutions. Want to know more about the State of Cannabis Payment Services in 2022? Visit our comprehensive page
True PIN Debit
Allow your customers to pay for cannabis like they do anywhere else throughout the day.
Unfortunately, until there is a change at a federal level, accepting credit cards for cannabis, either directly or indirectly, is still strictly against Federal and Card Brand laws. True debit, however, allows for customers to safely purchase their cannabis with their debit cards. Just like going to the grocery store, your customers can now purchase cannabis with their debit card. This is NOT a cashless ATM solution.
Our true PIN Debit provides legitimate payment processing with a cannabis merchant account as well as full bank and processor disclosure.
Our cannabis merchant accounts offer some distinct advantages over cashless ATM accounts:
- Transactions are for exact dollar amounts, which means:
- NO cash handling
- Less Confusion, costly mistakes, and access to cash
- NO need for drivers to carry any money
Cashless ATM convenience fees and customer confusion are a thing of the past. We proudly bring the first traditional payment processing solution to the industry with true PIN Debit. Our sponsor bank and processor have worked diligently with the networks and top legal teams to create a truly compliant and transparent PIN debit solution. Now your customers can have a familiar checkout process when purchasing from your dispensary or delivery.
- NO Convenience fee
- NO Rounding up
- NO Checkout Confusion
- NO Out of network fees
- True DBA and Service address descriptors
- Low Interchange Plus pricing
- Fully endorsed by the sponsor bank and processor
- PCI Compliant
- NO Application Fee
How does a Cannabis a PIN Debit Merchant Account Work?
Simple. Just like going to the grocery store or to any other business, for that matter. A consumer can walk into your dispensary, select their products, and pay the exact amount owed with a simple swipe, dip, or tap.
No confusing explanations about round ups. No convenience fees. Just a simple, fast, and familiar purchasing process.
How is PIN Debit Different from Cashless ATM?
For starters: PIN Debit cannabis payment processing is compliant; Cashless ATM is not(or at least not entirely).
Many people think PIN Debit and Cashless ATMs for cannabis payments are the same. This is not true. PIN Debit transactions and ATM transactions are processed very differently.
With PIN Debit for cannabis, a consumer can make a cannabis purchase for the exact dollar amount of the product. The transaction is the exact same as using your debit card at any other business. The transaction is processed using approved debit networks only and NOT interchange (like a credit card). Authorizations and funding are done through a traditional merchant account that is fenced to only accept debit network transactions. The acquiring bank and processor both operate BSA/AML compliant cannabis programs.
This is different from a cashless ATM. With cashless ATM accounts for cannabis, the credit card terminal is simply programmed to act like an ATM. When a customer makes a purchase, the transaction is rounded up to the nearest $5-20 (just like an ATM). The difference is that instead of cash being dispensed; the customer is provided product for their purchase. Then the bud tender provides change for the difference. This process is often confusing and expensive for your customers. Not only are high “convenience” fees encouraged but consumers are also often hit with out of network fees.
Create a frictionless payment environment with no consumer fees to increase sales and safety. Get your cannabis PIN Debit merchant account today and sell more tomorrow. Reach out to us for full product features, costs, and bank information today.
How do I accept card payments for cannabis?
It could not be easier, when a customer walks to the POS with their budtender. The budtender simply rings up the purchase and puts the sales amount into the terminal. Unless our solution it is already integrated with your chosen POS in which case the POS will populate the sales amount in the terminal. The customer then swipes, dips, or taps their debit card and enters their PIN. Then the sale is approved (or declined if there is insufficient funds) and the customer leaves with their purchase.
Accepting card payments for cannabis is now just like going to the grocery store.
No need for cash to exchange hands or convenience fees to be explained.
Get Approved Now
How to get approved for a cannabis PIN debit merchant account
Working with B.I.G. gives you instant access to the industry’s most experienced and knowledgeable team there is.
Below is a checklist of items and supporting documents that your business will need. However, one of the most important things you MUST have is a compliant business bank account. This makes sense because one bank cannot send money to another bank for cannabis related transactions without both entities being fully aware. If you don’t have a transparent bank account, it is not the end of the world! Give us a call, we can help.
Here is a list of supporting documents that you will be required to provide for your cannabis merchant account:
- Completed Cannabis Merchant Account Pre Application
- Executed Personal Guarantee (when required)
- Executed Attestation Disclosure – Provides the bank with permission to contact your bank and confirm that your DDA is transparent and that they have BSA/AML program in place for cannabis
- Executed eSigned Merchant Agreement
- Imprinted voided check or bank letter (temporary checks are unacceptable; Checks that are preprinted by the Merchant are unacceptable)
- If you are providing a bank letter, it must include the following:
- Bank letterhead with current date
- Legal business name and Doing Business As (DBA), if applicable
- Bank Account Number (DDA) and Routing Number (ABA)
- Type of Bank Account (Must be a checking account)
- Bank representative name, signature, branch location and phone number
Due to the enhanced compliance of boarding compliant cannabis merchant accounts the time to get approved is about 7 business days. Once approved, your terminal will be injected with the bank’s encryption keys and shipped out right away. If you already have terminals at your location and they are supported by the processing platform we can inject your existing terminal with new programming so there is no need to purchase new equipment!
How is Our Cannabis Merchant Account Compliant?
What do we mean by legitimate transparency? As with everything in the industry, cannabis payment processing is a complex subject that takes special consideration. We believe the best way to blaze a path to move the industry forward is the path of legitimacy NOT creating workarounds.
Our sponsor bank worked with their internal BSA/AML, legal, and regulatory consultants to create a compliant flow of transaction data. This allows them to create cannabis merchant accounts in full transparency. Furthermore, they are able to abide by or exceed the guidance established by the federal agencies.
The acquirer and the sponsor bank have worked together to make sure that funds from card transactions never enter any financial institution or system, within the payment process, that are not aware of the source of the funds. This process includes verifying that the merchant’s depository bank has a compliant cannabis AML/BSA policy. They will also verify that the depository bank knows that the merchant is a cannabis or cannabis related business.
These extra steps have been analyzed, audited, and approved by regulatory consultants and top legal teams specializing in the payments and financial services sector. By initiating and monitoring this level of transactional transparency we are able to offer the first fully compliant cannabis merchant accounts.
With a B.I.G. Cannabis Merchant Account You will Appreciate:
- Fully compliant cannabis payment processing
- Full Bank and Processor Disclosure
- “First in Line” credit card processing
- Outstanding Service
- Increased Profits
- Higher transaction sale amounts
Why did your cannabis payment processing get shut down in the first place?
Why is it so difficult to accept credit cards for cannabis?
After all these years, the cannabis industry is still the wild-wild west. Being state legal but illegal federally and sometimes even at the municipal level has created challenges. We know, we don’t need to tell you this. However, it is important to remember because most of the U.S. monetary rails are overseen by the Feds. In essence this means that transferring credit card payments for cannabis on federally enforced channels is illegal. Until there is federal regulation there will not be legal merchant services available.
Think of a credit card purchase as a mini loan. This “loan” must be supported by the card issuing bank. If that bank is restricted from working with cannabis then they cannot provide funding for the purchase of cannabis. This is true for the acquiring bank as well – this is the bank that actually funds a merchant’s credit card transactions. Thus, the true nature of the transaction would have to be “hidden” from the card issuing bank and the acquirer. Which, of course, is illegal and can constitute bank fraud and or money laundering.
Albeit possible to work with cannabis businesses on a banking level with proper SARs reporting. SARs (suspicious activity reporting) were put into place with the BSA (banking secrecy act). These reports and their results are enforced by FinCEN (financial crimes enforcement network).
This, however, does NOT apply to accepting credit cards for cannabis. Accepting credit cards for cannabis is not a legal option, at this time. FinCEN regulators have made it 100% clear that accepting credit cards for cannabis is a financial crime. The card brands and acquiring banks ALL have cannabis on their prohibited merchant lists. A credit card processing account for cannabis is simply considered illegal.
Unfortunately, there are still many groups out there selling “compliant” credit card processing for cannabis. No matter how it is done, if the funds originate from a credit and end up purchasing cannabis, it is a violation. Whether it is through crypto currency, stable coins, off shore acquiring banks, or any other means your business could be in the cross-hairs for a financial crime!
We understand that your business is your passion, your lifeline. Protect your business and don’t fall victim to merchant service providers who claim to have a transparent credit card solution. It does not exist.
Now for the good news! PIN Debit Cannabis Merchant Accounts are Now Available! Fill out the form below to get started today.
Get Approved Today!
eCheck Payments for Cannabis?
Payment by check for cannabis can be a powerful tool!
Did you know that payments made by ACH and Checks are the fastest growing sector payments in the country? There are good reasons. It is secure. It is easy. It is cheap!
In a digital economy how does the cannabis industry compete or keep up with the times? We buy everything online from groceries to clothing to cars and even houses. Why can’t consumers be allowed to purchase cannabis online? Bottom line, accepting credit cards for cannabis is against federal law for both retail and e commerce cannabis businesses.
Thus, the power of the eCheck for cannabis. Accepting eChecks for cannabis empowers your business to accept online payments for cannabis. These purchases can be picked up or delivered. Studies show that many customers either do not want to deal with a budtender or don’t have the patience for the process. Most customers or patients already know what they want and just want to buy it. Allowing your customer to pay online for quick and easy pick up or delivery offers multiple benefits. It creates a safer environment for your employees and customers. It also can reduce staffing needs and banking costs, while increasing sales.
Many cannabis businesses feel that their customers do not want to pay by check. In our experience, however, with proper website disclosures, eCheck payments are an effective tool giving you an edge on the competition.
eCheck payments are also highly useful for cannabis B2B businesses. eCheck payment processing for cannabis B2B companies is highly effective. With the power to electronically invoice, create recurring billing, and allow for ‘after hours’ online orders. B2B sales in cannabis are particularly difficult because exchanging large suitcases full of cash for product is not only dangerous, it is expensive! It has been shown by studies done by the Federal Reserve that cash costs traditional businesses, on average, 0.53%. For cannabis that cost is considerably higher – try 5 times or more higher. Additionally, businesses that can seamlessly place orders with a supplier online of over the phone order more. They are more likely to do business with that supplier than they are one that only accepts cash.
Streamline your supply chain and operations with the power of eCheck today!
Cannabia seed banks that take visa debit card
Finding merchant account services for your cannabis seed bank can be tricky. Although businesses that sell marijuana seeds can encounter difficulties securing reliable credit card processing solutions, it isn’t impossible.
Many banks and financial institutions hesitate to offer merchant accounts to cannabis seed merchants because of the fluctuating legality of marijuana products and inconsistent government regulations; this can leave those who own or manage legally operating marijuana seed banks high and dry.
The ability to accept credit card and debit card payments is essential for any retail business, including merchants who sell marijuana seeds.
Not too long ago, it was impossible to find merchant account services for marijuana seed banks, but that’s no longer the case. The Transaction Group (TTG) has specialized in helping high risk merchants worldwide since 2004, including hundreds of cannabis seed merchants.
Our banking partners understand the challenges faced by marijuana industry merchants and they routinely provide qualifying cannabis seed businesses with merchant accounts. If your marijuana seed distribution business legally operates in your state (or country), our partners can help you set up PCI-compliant credit card processing.
TTG’s e-commerce merchant accounts allow you to sell your marijuana seeds globally using a secure, reliable online payment gateway. Your customers can provide payment easily and with confidence that their information is being transacted securely.
Value-Added Merchant Services
Chargeback Shield: TTG’s chargeback protection program helps mediate customer disputes with credit card companies before they become chargebacks. Don’t let customer disputes ruin your business or cost you your merchant account, enroll today.
Merchant Cash Advance: If you need operating capital for your legal marijuana seed bank, TTG’s merchant cash advance program features a fast and easy application and approval process, as well as flexible terms and no fixed payment schedule.
If you have questions about merchant account services for your cannabis seed business, call us! If you’re ready to set up reliable credit card processing so that you can securely sell your marijuana seeds online, apply now and put TTG’s experience to work for you today!
Does true north seed bank take Visa?
P ayment methods available at True North Seed Bank include Visa or Mastercard, International Money Order, Cash, Bank Transfer, MG, E-tranfer, Bitcoin, and Litecoin.
Can you buy cannabis seeds with debit card?
In one order, you can have as many individual seeds of different brands and types as you want. They have 9 special cannabis brands selling things like bags and other cannabis-related apparel. You can pay with cash, debit card, credit card, money order, or prepaid Visa cards.
Is Pacific Seed Bank legit?
Overall, we give Pacific Seed Bank a 3.4 out of 5. If there is a more recommended option for your country among the best online seed banks, check that one out first. If they don’t have what you need, or if no higher rated banks ship to your country, then PSB makes for a good alternative.
Who has the best autoflowering seeds?
The Top 10 Autoflowering Seeds in 2021
- Good yields – Bruce Banner.
- Unwind after work – Northern Lights.
- Great flowering time – Girl Scout Cookies Extreme.
- 7 weeks from seed to plant – Super Skunk.
- Fun, giddy high – Amnesia Haze.
- Potent cerebral effects – Zkittlez.
- Sativa dominant weed seeds – Sour Diesel.
Are Crop King Seeds good?
If you’re looking for a particular strain of cannabis, then Crop King seeds are one of the best seed banks to rely on. They have a good variety of strains and even mixtures of Sativa, Indica, ruderalis, and many hybrids, like Canadian seed.
Is it safe to order from Attitude Seed Bank?
Some people have pointed out that their seeds have been seized by customs in the past, but on the whole, the overall opinion of the Attitude Seed Bank is good. This is especially the case when people choose to buy their seeds with Stealth Shipping for maximum security which is always reassuring to hear.
Is seedman safe?
Seedsman is committed to providing 100% secure shopping experience on all of our websites. We have taken all the steps to make sure our sites are as safe and secure as possible so you could shop with a complete peace of mind.
What seed bank has the most Autoflowers?
10 Best Seed Banks with Autoflower Cannabis Seeds on Sale
NAME DEFINITIVE SCORE BEST FOR Amsterdam Marijuana Seeds 96% Best customer service and value for money. Seedsman 94% Extensive product line MSNL 92% Different choices of seed packages Ministry of Cannabis 92% Affordability
Does Crop King seeds ship to USA?
Crop King Seeds is one of the famous seed banks that ship to USA. This online seed bank is a familiar place to buy seeds in many states in the US, Canada and surrounding areas. Crop King Seeds is best known for its quality seed collection with top germination rates.
What are pick and mix seeds?
The World’s Largest Cannabis Seeds Store Revolutionising how people all over the world buy weed seeds since 2007. Pick ‘n’ Mix Seeds were the first to offer single seeds on our entire range of seed banks and breeders, allowing you to “pick ‘n’ mix” all the seeds you want.
Is it legal to ship hemp seeds?
The legislation regarding mailing hemp and CBD have recently changed to allow hemp products to be shipped legally. The Agricultural Improvement Act of 2018 (2018 Farm Bill) removed hemp from the federally controlled substance list which allows for hemp products to be shipped between states as of June 6, 2019.
Which is the best seed bank for marijuana?
Seedsman is a long-time trusted cannabis seed bank with a massive selection. Buy feminized seeds, regular seeds, and autoflowering seeds from 129 top breeders at bargain prices. The Seedsman website is secure and well categorized to help you find the best marijuana seeds for your grow.
Are there any seed banks that accept credit cards?
The seed bank offers various payment methods, including credit cards, bank transfers, bitcoin, and cash. All seed items come with a germination guarantee and are supplied free of charge. If your seeds do not germinate, we will send you a replacement free of charge.
Why should you use a prepaid visa for marijuana seeds?
Why Should You Use a Prepaid Visa For Marijuana Seeds?: Prepaid Visa cards have actually been around since the 1970’s but it feels like it the past 10 years they’ve really become more popular.
Where can I get high quality cannabis seeds?
There is a wide selection of high-quality cannabis seeds available in their cannabis seed banks, including Quebec seeds, cannabis seeds from Amsterdam, feminized seeds, and auto flower seeds, among others. You won’t have to worry about getting low-quality seeds since they are among the most reputable seed banks on this list.