Medical Marijuana Dispensary Debit & Credit Card Processing
Medical marijuana dispensary debit & credit card processing solutions are still available.
As you’re probably aware…
As of July 1st no banks in the US will be processing Visa or MasterCard merchant account transactions for medical marijuana dispensaries.
We do have an alternate solution in place which will allow you to accept Visa & MasterCard and will actually save you a lot of money.
The program is outlined below:
How does it work?
- Your patient orders their medicine from your window or counter.
- Card is swiped using the terminal.
- You enter the amount to be charge.
- The patient enters their PIN number for their debit card or credit card.
- The patient accepts the $2.00 convenience fee.
- The patient receives their medicine.
- You receive the funds electronically into your bank account within 48 hours.
Advantages:
- No processing fees.
- Still accept debit and credit cards.
- The patient’s statement shows ‘cash withdrawal’.
How Much does it Cost?
- Rent the terminal and pinpad for $35 per month with no contract (requires a $149 set up fee).
- Or purchase the terminal and pin pad for $428 (no set up fee).
- There is a $7.00 monthly account fee.
How do I get started?
Call us at 888-383-8056 Today or email at sales@thetransactiongroup.net and request an application.
We can have most accounts set up in 3-4 days. Please let us know if you plan on renting or purchasing the terminal. For medical marijuana dispensaries that need multiple terminals for credit & debit card processing we can work out special pricing.
