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Our secure, reliable, and compliant Cannabis Card Processing offers several great benefits for dispensaries:

 

  1. Accept any debit cards and PIN-enabled credit cards, which effectively reduces chargebacks or the chance of fraudulent transactions
  2. Customers pay the transaction fees.
  3. Dispensaries do not pay processing fees and can earn income from transaction fees while reducing on operating expenses.
  4. Low monthly fees to dispensaries.
  5. Can work with any banks.
  6. Increase sale tickets on average 30% and tips by 50%.
  7. Reduce security risk of handling and transporting cash. Less cash on hand also reduces the risk of your dispensary being a target for theft and robbery
  8. Settlement as early as next business day.
  9. Full reporting access to your transactions.
  10. Same-day approval.
  11. Quick, easy onboarding and setup after approval. No integration with the POS system necessary.
  12. Flexible connectivity for Store-front, Curbside and Delivery businesses.
  13. Maximum security and compliance with end-to-end encryption.

Our Cannabis Card Processing for dispensaries offer a convenient alternative to cash payment for businesses that do not have access to traditional payment processing solutions.

How does Paybotic’s Cannabis Card Processing work?

From the customers’ point of view, they can use any debit card or PIN-enabled credit card to pay. They just need to enter a PIN to authorize the transaction. The customers pay a small convenient fee for this transaction, just like an out-of-network ATM transaction.

From your point of view, the money is transferred directly to your bank account, and you do not pay any processing fee. You can also earn income from this processing fee. Your budtenders will also benefit from the increased tips from customers’ change given on each transaction.

Benefits of Going Cashless

Our Cannabis Card Processing solution enables cannabis and cannabis-related businesses to significantly reduce cash transactions.

By going cashless, your business can benefit from:

  • Enhanced Security: Less cash in your store means less risk of robbery, theft, and burglary. Should any of these events occur, your business will not suffer nearly as much in damages.
  • Improved Customer Experience: Customers will appreciate more flexible and convenient payment solutions as your dispensary moves away from cash-only operations.
  • Compliance: Paybotic cannabis payment processing solutions are compliant with industry regulations. We are committed to staying ahead of changes in state and federal cannabis laws.
  • Health & Safety: Going cashless helps customers and cannabis businesses remain compliant with ongoing health and safety guidelines that have been established due to the COVID-19 pandemic.
  • Revenue Growth: Stand out from your competitors by providing more payment options and encourage higher spending by giving customers access to more flexible payment methods.

FAQs

Here are answers to some of our most frequently asked questions regarding Paybotic’s Cannabis Card Processing:

Is Paybotic compliant with state and federal regulations?

Yes. Compliance is our top priority and when you partner with us, you can have the peace of mind knowing that we are constantly working to stay up to date with state and federal regulations to ensure our payment solutions always remain compliant.

Why can’t I use traditional payment processors?

Because cannabis sales are not legal on the federal level. Most payment processors and financial institutions, including banks, lenders, insurers, are not willing to service cannabis businesses. There are workaround solutions being offered on the market, but those solutions come and go within a few months due to noncompliance. We have been around for over 10 years and have seen them all. Our Cannabis Card Processing solution has endured for 10 years.

How long does the application process take?

Our application process is quick and simple. Approval is within the same day of submission of full application package. You will only need a valid cannabis business license, a valid government photo ID and a working bank account to get started.

What is the fee structure?

You do not pay any processing fee per transaction, which is extremely beneficial to your businesses because you cannot claim operating expenses in your tax deduction and processing fees take up a significant amount. You pay a one-time onboarding cost and a monthly fee, which is lower than any traditional card processing solutions in the market.

When will I receive my money?

You will receive your settlement as early as next business day directly deposited to your bank account.

Do I need a POS system to use Paybotic’s Cannabis Card Processing?

Our Cannabis Card Processing solution can work independently from the POS system. We also integrate with many POS systems to provide you with a seamless operation experience.

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