If you own a marijuana dispensary in Colorado and are looking for merchant account services to handle credit and debit card payments, The Transaction Group (TTG) has you covered. We offer a merchant account alternative designed specifically for the cannabis industry.

Since 2011, TTG has focused on meeting the unique business needs of the industry. By partnering with several credit card processing providers, TTG has enabled many dispensaries to process cards much like a traditional merchant account.  

This solution is popular among customers for its unique benefits, including the convenience and security of not needing to carry cash or withdraw significant amounts of money from ATMs prior to visiting a dispensary to make purchases. Instead, the customer pays a small service fee at checkout to complete their transaction.  

Colorado marijuana dispensary owners particularly appreciate this service because it does not involve the typical processing fees associated with merchant account services. Without fees of 5-6% per transaction, there is considerable cost savings each month for the business. Additionally, statistics reveal that customers often spend more when they pay with a card, which can increase total sales revenue while also decreasing excess cash on hand.

TTG’s approach to integrating these payment processing services is straightforward and efficient. With the limited amount of documentation required for approval, nearly any cannabis dispensary in Colorado can get a quick approval and start using these services within a mere seven days or sooner.

The setup process is easy too. Once a business is approved, TTG quickly ships encrypted processing equipment via express mail. The equipment simply needs to be unpacked, plugged in and powered up, and connected to a network. 

The primary benefits of TTG’s services include:

• No withholding of funds or reserves
• Comprehensive tracking and online reporting tools
• Ability to accept all major credit and debit cards, including digital wallets like Apple Pay & Google Pay
• Zero processing charges for merchants
• Fast transfer of funds (typically within three to five business days)

TTG is well-aware of the challenges cannabis businesses face in obtaining reliable financial and banking services. We’re proud to have helped many businesses in the industry over the past decade. Our tailored services are designed to move your dispensary away from a cash-only operation, enhancing the security and efficiency of your business as a whole.

Marijuana dispensary owners in Colorado in search of a reliable merchant account services provider can contact TTG at 888-383-8056. Our team is dedicated to helping you streamline your financial processes and support your business’s growth and operational success. We are committed to making your transaction processes as smooth and hassle-free as possible.