Rhode Island Marijuana Dispensary Cannabis Merchant Account Services
Are you ready to shift from running a cash-only business to implementing a merchant account services solution for your Rhode Island marijuana dispensary? The Transaction Group (TTG) provides the best payment processing services for this growing industry. Whether you’re just getting your business up and running or already operate one or multiple cannabis dispensaries, we’re here to serve you.
At TTG, we understand the banking challenges businesses in this industry have faced over the years. Since 2011, we’ve proudly assisted cannabis businesses nationwide with installing reliable payment processing solutions. In the past decade, we’ve worked with countless businesses in every legal state.
Our unique merchant account alternative enables Rhode Island marijuana dispensaries to accept debit and credit card payments, as well as digital wallets like Apple Pay and Google Pay. Just like the transactions that we’re all accustomed to in our everyday lives, taking payments is seamless and efficient.
Dispensary owners utilizing our solution have reported a preference over traditional merchant accounts due to the significant cost savings. Because these businesses fall into the high-risk classification, card processing rates of 5-6% were common. For the average business, this equates to thousands of dollars in transaction fees per month. Our solution has zero processing fees which leads to high potential savings.
At checkout, customers gladly pay a small fee for the convenience of using their cards. Today’s consumers prefer the ease and security of paying with credit and debit cards and generally accept this fee without hesitation. And, accepting cards attracts a wider customer base and can potentially boost sales, as customers are more likely to make larger purchases when they can use their preferred payment method.
Our application process is fast and easy and we have limited documentation requirements. Once approved, the pre-programmed equipment is shipped express mail. Set up is simply a matter of plugging in the terminal and connecting it to a network. In most cases, Rhode Island marijuana dispensaries can have a merchant account solution in place in as little as seven business days.
Key features of our solution include:
- Acceptance of major credit and debit cards & digital wallets
- No holdbacks or reserves
- Comprehensive online reporting
- Zero processing fees for merchants
If you’re currently operating as a cash-only business, it’s time to make the change. Operating as a cash-only business presents several challenges and risks, primarily related to safety. By implementing our credit card processing solution, you reduce your overall risk while also providing a value-added service to your customers.
Contact us today at 888-383-8056 and allow us to set up our merchant account alternative for your Rhode Island marijuana dispensary. We look forward to working with you.
Recent Blog Posts
Credit Card Processing for Timeshares | Time Share Merchant Account
The Transaction Group offers high risk processing solutions for the time share industry. These include merchant accounts both for businesses that make time share reservations, as well as for those that advertise or sell time share opportunities.
Credit Card Processing for Remote Technical Support & IT Help Services
Do you own or manage a remote or international tech support business and need a payment processing solution? Let The Transaction Group (TTG) save you time and money. At TTG, we understand the frustration that many technical support businesses deal with when trying to get approved for card payment services.
Credit Card Processing for Online Poker | Gambling Merchant Accounts
In recent years, it has been extremely difficult for owners of gaming sites to serve the U.S. online gambling community. Strict U.S. regulations have forced operators to go or stay offshore and ultimately pay higher rates with their gambling merchant account.
Adult Industry Merchant Credit Card Processing Services
Adult Industry Merchant Credit Card Processing Services Do you own or manage an adult industry business and looking to set up merchant services or save [...]
Card Processing for Fantasy Sports | League Merchant Account
Payment collection is easy for fantasy sports league managers with a solution from The Transaction Group (TTG). Get set up to accept credit cards from your players now! At TTG, we have been helping all types of businesses set up merchant account services...
Gaming Merchant Account
Gaming Merchant Account It’s critical you take credit cards if you operate an online gaming or gambling site. Your customers need a way to top [...]
Merchant Accounts for Bail Bond Companies
Merchant Accounts for Bail Bond Companies Merchant accounts for bail bond companies. Typically, merchant accounts for the bail bond industry are seen as high risk by [...]
Credit Card Processing for Travel Club Industry and Tour Operators
Credit Card Processing for Travel Club Industry and Tour Operators Credit card processing for travel club industry and tour operators. If you own a travel [...]
Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.
