Archive for the ‘Uncategorized’ Category

CBD Oil Online Sales Merchant Account Services

Wednesday, August 9th, 2017

cbd oil merchant account servicesAre you in search of a cannabis or cannabidiol (CBD) oil online sales merchant account services solution for your business? You’ve come to the right place!

At The Transaction Group (TTG), we’ve been working with the cannabis industry since 2010.

We are known for our support of and service to the legal marijuana industry in the United States.

And, we are known for our commitment to the high risk merchant account industry as a whole.

When it comes to high-risk payment solutions, we are experts.

Together with our banking partners, we are able to help all high-risk industry businesses in the U.S. with their credit card processing needs, including setting up CBD oil online merchants or retailers with merchant account services solutions.

Unfortunately, businesses in the payment processing and the CBD industries don’t always partner as easily as we would hope. Many banks and merchant account services providers choose not to work with businesses in this industry simply because they are guilty by association with the marijuana industry.

TTG understands the frustration that CBD merchants have faced in recent years. Without a card processing solution with a payment gateway from a merchant account services provider, high risk online merchants have virtually no way of running a business.

Of course there are always risky offshore merchant account services providers willing to take advantage of businesses in these predicaments. These businesses make a lot of money charging rates as high as 10% as well as including high reserve requirements.

If it sounds like a sketchy solution from the get go, merchants should be leery. If possible, it’s best to avoid any payment processing provider with an offshore solution located in a 2nd or 3rd world country.

Since 2004, TTG has been building relationships with banking partners in the U.S. as well as other 1st world countries in order to offer merchant account services to businesses in need.

We gladly support the cannabidiol industry and are happy to offer merchant account services solutions these industry businesses.

Our solutions allow online CBD merchants like yours to have legitimate credit card processing solution in place so that you can efficiently run your online cannabis oil business without any headaches or hang ups.

Our solutions use a US payment gateway and are easily integrated with any online shopping cart. Setting up a CBD merchant’s online store is fast and easy.

And our merchant account solution includes a virtual terminal. With this virtual terminal in place, merchants have the ability to key-in transactions for customer purchases. This feature is excellent for over the phone orders as well as face-to-face transactions at conventions and industry events.

TTG makes the entire setup process as painless as possible. There are:

  • No application fees
  • No setup fees
  • No early termination fees (no long-term contracts)
  • Fast approval & setup

With our streamlined application, approval and setup process, most merchants can be approved in as few as 2 business days and set up to process credit cards in just 2 weeks.

We’ll help you get started on your application and have you on your way to accepting credit cards at you online CBD oil store.

If you are interested in learning more about our CBD online sales merchant account services or ready to get started, contact us today at 888-383-8056.


Apply Now



Marijuana Dispensary Banking & Credit Card Processing Services

Wednesday, June 28th, 2017

marijuana dispensary bankingHere at The Transaction Group, we understand the frustration that many marijuana dispensaries face every day. Although these businesses are legal and licensed businesses in states that have voted ‘Yes’ to marijuana, banking & credit card processing services are often not available to these businesses.

Financial institutions, especially those federally insured by the FDIC, are very careful and very conservative. Therefore, their position is somewhat understandable. The fact is that marijuana remains a Schedule 1 drug under the US Government’s Controlled Substance Act.

There was much hype and even more hope that marijuana would be reclassified to Schedule II drug during the last Administration, which would have eased tension in regard to marijuana banking and credit card processing services. That’s not likely to happen for a long time.

Hurdles for Marijuana Dispensaries

Possibly the greatest obstacle for dispensary owners has always been cash management. Many of these businesses do not have bank accounts or banking services. To them, cash management means paying vendors with wads of cash stuffed in paper sacks and determining new places to hide trash bags full of cash.

This cash on hand dilemma is alleviated to a degree by having a credit card processing solution that allows customers to pay with plastic instead of paper. But the question is then, where does a dispensary that can’t even get a bank account get a merchant account to process credit cards?

In the olden days (pre-2012), there were banks and processors that still offered merchant account services to dispensaries. In July 2012, that ended. Dispensaries lost this value-added customer convenience overnight as the last marijuana dispensary credit card processing provider pulled out completely.

After that ugly July, processors scrambled to come up with clever new solutions that would allow dispensaries to accept credit card payments from customers. These solutions worked as a temporary fix in the absence of traditional style merchant accounts.

Some solutions were super high-risk offshore merchant accounts with insanely high rates and reserve requirements. Some were well-developed solutions that enabled customers to use a credit card to load a gift-style card and swipe that card at checkout. Those solutions even offered nifty services like armored car cash pick up and a cash depository with online access.

Unfortunately for dispensaries, but also thankfully for dispensaries, these solutions would prove to be not so good.

Marijuana Dispensary Banking & Credit Card Processing in 2017

It would be a safe bet that it will be another 4 years before marijuana becomes a Schedule II and that banks in the United States begin to adopt cannabis related businesses into their portfolios.

However, The Transaction Group is excited about now. We’re confident that 2017 is going to be a big year for the industry and cash management.

Through one of our banking partners, we’re helping to launch a new solution that completely covers cash management. This solution includes marijuana dispensary banking with an account for cash deposits and paying bills as well as a true credit card processing service.

This program is a FINCEN compliant meaning it is a US Treasury approved solution that adheres to all state and federal laws.

There are:

  • No setup fees
  • No equipment fees
  • No monthly fees
  • No contract or early termination fees
  • No reserves

We’re excited to introduce this banking and cash management program to marijuana dispensaries in the US and partners of The Transaction Group.

If you’d like more information on our marijuana credit card processing, cash management banking solution give us a call today. 888-383-8056.



Terpenes Merchant Account Services

Thursday, May 4th, 2017

terpenes merchant servicesAre you a terpenes retailer or wholesaler in need of merchant account services? The Transaction Group (TTG) has the solution for your business’ needs.

At TTG, we know the cannabis industry well. We know how important terpene oils are to the creation of fine cannabis products as well as their use in vaping. But what we know best are merchant account services.

Whether you sell terpenes directly to consumers or operate in a business-to-business sales environment, we can help your business growth through our services.

TTG & The Cannabis Industry

While cannabis growers and marijuana dispensaries rely on your terpenes business for their assortment of products, these same businesses rely on TTG for non-cash payment solutions.

Since 2012, we’ve been assisting marijuana dispensaries in throughout the U.S. with merchant account services that allow these businesses to accept major credit cards from customers.

Our credit card processing solutions have become a favorite of hundreds of marijuana dispensaries operating in the United States.

Not only do our services allow these businesses to offer a value-added convenience to their customers, but also, our services help to alleviate the dangers associated with running a cash-only business.

We can help your terpenes business operate to maximum efficiency by offering you a merchant services solution specific to your business requirements, allowing you to accept credit card payments from your customers.

TTG & High Risk Merchant Account Services

Often businesses in the higher risk realm waste time and money working through a merchant account approval with a provider, only to later be declined. We hear it all the time from businesses that reach out to us.

With TTG, you’re in good hands. We are experts in the high-risk credit card processing field and have solutions for virtually all high risk businesses, including online terpenes stores or retailers.

Together with our banking partners, we are able to offer the best credit card processing solutions for businesses that fall into the high risk classification.

Apply for Merchant Services for your Terpenes Business

Although approvals for higher risk businesses can take more time than standard low risk merchant account services, we work diligently through the application and underwriting process to get your business up and running as soon as possible.

If you’d like to learn more about a terpenes merchant account to process credit cards at your business, give us a call at 888-383-8056 or complete our contact form and we will be in touch with you right away.

We look forward to working with you!

Apply Now


Student Loan Document Prep Merchant Services

Friday, January 20th, 2017

student loan document prep merchant accountDo you own a business that specializes in student loan document prep? Selecting the right merchant services provider for customer payment processing is as important as the student’s selection of a school or college.

At The Transaction Group (TTG), we can help make your decision easier. We’ve been assisting businesses throughout the world with merchant account services since 2004.

We work with low-risk businesses as well as high-risk businesses in virtually every industry in the global marketplace.

We understand that every business has its own unique set of requirements, especially niche industry businesses like yours.

With our industry knowledge and experience, we can help you set up the right merchant services account for your student loan document prep business.

While there are certainly no shortages of merchant services providers interested in accepting new payment processing customers, many are very selective in the types of businesses they approve.

Service related merchants, especially those that operate online, fall into a high-risk classification.

What this means is that student loan document preparation services may face much scrutiny in the merchant services application process and have a more difficult time being approved for a merchant account than standard businesses.

This is not the case with businesses in that allow TTG to deliver a solution. We are experts in high risk credit card processing. Though our network of relationships with banks and credit card processors, we are a leading services provider for high risk businesses in the US.

We have the ability to deliver fast approvals at the most competitive rates available, ensuring that businesses are not over-charged or hit with unnecessary hidden merchant account fees.

And, our banking partners are U.S. based, offering a more secure credit card processing solution.

With all businesses that rely on credit card payment processing services, time is money. Businesses can lose sales for every minute that they are open for business but do not have the ability to process credit card payments from customers.

Don’t waste precious time applying for a merchant account with other credit card processing companies. Even if approved, you’ll likely pay more than you have to.

If you’re in need of a merchant account services solution for your student loan document prep business, allow TTG to take all the hard work out of making the right decision.

We look forward to working with you.

Apply Now





International Electronic Check Payment Processing | eCheck

Wednesday, November 23rd, 2016

echeck international payment processingDo you have a business located outside the United States and have U.S. customers?

If so, you probably understand the challenges of setting up payment processing for your international business that permits you to accept credit cards, checks and other forms of payments from U.S. customers.

Banks and payment processing companies in the U.S. consider all businesses outside the country high risk, regardless of the products or services they are providing.

Most credit card processing companies have made the decision not to work with these businesses, leaving them with few options to take payments from customers.

At The Transaction Group (TTG), we are different. We’ve been assisting merchants throughout the world with their payment processing needs since 2004.

We specialize in high risk credit card processing and have payment processing solutions in place for international businesses.

Our best payment processing solution for international business is our electronic check processing (echeck) service.

For high-risk businesses, e-check is an excellent alternative to risky credit card processing services available from international banks.

This electronic check solution is a secure electronic data processing system that allows international businesses the ability to easily take payments from customers in the United States as well as other countries.

This solution has an almost real-time authorization, which improves efficiency and accuracy of the transaction between businesses and consumers.

E-check is ideal for one-time customer transactions, as well as recurring monthly payments from customers.

We know that receiving funds in a fast and timely manner is critical to all merchants. Funds from customer transactions are paid on time on a weekly basis.

E-check processing offers:

• An easy approval process
• No set up fees, no monthly fees & no hidden fees
• Secure, reliable electronic check payment processing

If you’re in need of a credit card payment processing solution for your international business but are having trouble finding a processor, consider e-checks.

Echeck is the best payment processing solution for international businesses with customers located in the U.S.

Contact us today with any questions or ‘Apply Now’ to complete our short pre-application.

As soon as you get started on the application for our international electronic check program, we’ll get started on getting you approved and set up.

Apply Now