Running a cannabis business in presents its own unique challenges, particularly when it comes to processing debit and credit card payments. Since 2011, The Transaction Group (TTG) has been dedicated to solving these issues, offering specialized financial services tailored for the industry. Working closely with our banking partners, we’ve developed an alternative merchant account solution specifically designed for Minnesota marijuana dispensaries, allowing them to seamlessly accept debit and credit card payments.

Since we started offering our services, dispensary owners have reported positive results. Our credit card processing solution stands out due to its dual appeal to both customers and dispensaries. For customers, the convenience of not having to carry significant amounts of cash or make frequent ATM visits prior to visiting the store is a major benefit. They simply pay a small convenience fee at checkout. After this hassle-free transaction, they leave satisfied.

Our solution is particularly advantageous for marijuana dispensary owners in Minnesota because it eliminates the hefty fees associated with traditional merchant accounts. This translates into substantial monthly savings, often amounting to thousands of dollars. Additionally, customers tend to spend more per transaction when using a card, which can significantly boost sales revenue and reduce the amount of cash on hand for dispensaries. This effectively also enhances overall security for the business.

Whether you’re just in the planning stages of a new business or have an existing business with multiple retail locations, we make it easy to get started. We’ve streamlined our approval process and have minimized the documentation required. This means that nearly any Minnesota marijuana dispensary can get approved and begin using our credit card processing services in under a week.

Setting up our system is equally simple. Once your business is approved, we expedite the shipment of our encrypted credit card processing equipment via express mail. Setting it up involves just unpacking the equipment, plugging it in, and connecting it to your computer network—no complex installation required.

Our payment solution offers several key benefits:

• No holdbacks or reserves
• Comprehensive online reporting tools
• Acceptance of all major credit and debit cards, as well as Apple Pay and Google Pay
• No processing fees charged to the merchant
• Fast settlement times, typically within 3-5 days
• Essential banking services included

We recognize the challenges that cannabis businesses face in obtaining reliable banking and financial services. With our solution, the necessity of operating your dispensary on a risky cash-only basis is eliminated.

The Transaction Group has been a pioneer in providing reliable financial services to the cannabis industry. Our experience and dedication to understanding the unique needs of this sector have allowed us to create a solution that benefits both dispensary owners and their customers. 

For a reliable and efficient merchant account solution tailored to marijuana dispensaries in Minnesota, look no further than TTG. Contact us at 888-383-8056. Our team is ready and eager to help you streamline your financial operations and support your business growth. We’re excited to assist you in elevating your dispensary to the next level of operational excellence and profitability.