Because the company has been dedicated to delivering the best business payment solutions to businesses throughout the globe since in 2004, The Transaction Group (TTG) is known as a leading merchant account services provider. TTG has come to specialize in working with high risk industry businesses, and has assisted many New York marijuana dispensaries with their credit card processing needs. TTG works with medical and recreational dispensary clients in all cities, including Buffalo, New York.
Traditionally, cannabis retail businesses could not get bank accounts or merchant accounts. One fallacy, especially of new cannabis dispensary owners, is that businesses in the industry must continue to operate as cash-only. There’s no question that having a cash-only business is less desirable and brings additional risk and challenges to the forefront.
The good news is, there is an alternative. Since 2011, TTG has had a payment solution in place that enables retail cannabis stores to accept cards much like a standard transaction that we’re all accustomed to in our daily lives. At checkout, customers can swipe or insert their chip cards, complete their purchases, and leave happy.
We have set up enough medical and recreational marijuana dispensaries in Buffalo, NY with credit card processing solutions that we know one reason customers leave happy is the value-added convenience that the store is providing to them. Customers do not have to make an extra stop at an ATM and be burdened with carrying large amounts of cash to pay for their products.
And we know that dispensary owners love our solution for the ease-of-use, but more importantly, the cost savings over traditional merchant accounts. With fees as high as 5-6%, dispensaries were paying thousands of dollars per month in transaction fees when using a traditional merchant account. With TTG’s solution, New York dispensaries pay zero processing fees.
Our approval and setup process are extremely streamlined. Once approved, we ship the pre-programmed equipment express mail. When it’s received, the equipment simply needs to be plugged in and connected to a network in order to start taking customer debit and credit card payments.
With TTG’s service you’ll have:
- no holdbacks or reserves
- settlement in 3-5 days
- the ability to accept major credit & debit cards
- a low-cost solution with no processing fees
- online reporting
- banking services available
To get started with a credit card processing solution for your marijuana dispensary in Buffalo, NY, call TTG today at 888-383-8056. And if you’re an agent interested in working with us at TTG, we’d love to hear from you too.