If you are operating a Delaware marijuana dispensary as a cash-only business, it’s time to get with the times. The Transaction Group (TTG) offers a merchant account alternative specifically designed for the cannabis industry. Whether you’ve got several dispensaries under your control, or you’re just getting a new retail location up and running, TTG is here to support your needs.

At TTG, we’ve been working with businesses that fall into the high-risk classification since 2004. After gaining an understanding of the banking challenges that cannabis businesses were encountering in 2011, we introduced a new payment processing solution to these businesses. Throughout the past decade, we have proudly set up reliable credit card processing services for cannabis businesses nationwide. 

Our innovative merchant account alternative allows Delaware marijuana dispensaries to accept debit and credit card payments, along with digital wallets such as Apple Pay and Google Pay. The checkout process is seamless and efficient, just like the transactions we’re used to in our everyday lives.

Dispensary owners that have adopted our solution prefer it over traditional merchant accounts due to the zero processing fees that our solution has. Like other high-risk industry businesses, the typical transaction processing rates for cannabis businesses ranged from 5-6%. For the average dispensary, these rates equated to thousands of dollars in processing fees each month. With no processing fees, our solution offers significant savings to the business.

When ready to checkout at the register, customers tap or insert their preferred debit or credit card into the terminal. They accept a small convenience fee and complete the transaction. Modern consumers favor the ease and security of credit and debit card payments and accept this fee without question. Accepting cards not only attracts a broader customer base but can also lead to higher sales revenues, as customers tend to spend more when using a card.

With minimal documentation required, our application process allows for quick and easy approvals. Once approved, we ship the pre-programmed equipment express mail. To start accepting debit and credit cards, the business simply has to plug in the terminal and connect it to a network. Most Delaware marijuana dispensaries can have a merchant account solution operational within seven business days of applying.

Key features of our solution include:

• Acceptance of all major credit and debit cards and digital wallets
• Zero processing fees for the merchant
• Settlement in 3-5 days
• Comprehensive online reporting
• No holdbacks or reserves

Operating on a cash-only basis presents several challenges and risks, particularly regarding the safety of both customers and the business. Just as it can be dangerous for individuals to carry large amounts of cash, it is also dangerous for a business to have excess cash on hand. By adopting our credit card processing solution, you not only mitigate these risks but also provide a valuable service to your customers.

Contact us today at 888-383-8056, and let us help you elevate your business. We’ll demonstrate how easy it can be to implement our merchant account alternative for your Delaware marijuana dispensary. We look forward to assisting you and helping your business thrive.