The Transaction Group (TTG) has been assisting retail businesses with merchant accounts since 2004 and are experts in business payment processing services for low-risk as well as high-risk merchants, such as cannabis industry businesses. Today, TTG is proud to be a preferred credit card processing solution for many marijuana dispensaries in Colorado Springs, CO.
Operating as a ‘cash-only’ business is a thing of the past. Few dispensary owners have been hesitant to adopt a solution like ours for reasons unknown to us. What these dispensaries do not realize is that having excess cash-on-hand can be dangerous. Our streamlined solution can alleviate the problems of excess cash as well as encourage higher sales transactions by customers. Higher sales transactions from credit card sales transactions equals more revenue and drives business growth.
Since 2011, our reliable payment solution has enabled any legally operating medical or recreational marijuana dispensary to accept major debit and credit cards for cannabis sales in their stores. From day one, dispensaries have loved our solution for a number of reasons, especially due to its cost savings over traditional merchant accounts.
When they were available up until 2012, merchant accounts from big banks had rates as high 5% or 6%. With an average credit card volume of $100,000, these rates required businesses to pay $5,000- $6,000 in fees. TTG has zero processing fees.
We ship credit card processing equipment express mail when Colorado Springs cannabis dispensaries sign up for our services. In most cases it takes just minutes to set up the equipment. The equipment arrives pre-programmed so that it can simply be plugged in, connected to a network and ready to process customer payments.
Customers gladly use debit or credit cards to pay for their products and prefer it over carrying cash. At checkout, a customer pays for their products with a credit card just like any card transaction that we are all familiar with in our daily lives.
If you’re one of the old-school marijuana dispensaries in Colorado Springs that hasn’t yet adopted a credit card processing solution, it’s not too late. TTG will help set your business up with a safe solution that can truly make your business accounting simpler.
Some of the benefits of TTG’s service include:
- No holdbacks or reserves
- Settlement in 3-5 days
- Accept major credit & debit cards
- Pay no processing fees
- Online reporting
- Banking services
Whether you own or manage a marijuana dispensary in Colorado Springs and are in need of a solution to take credit cards, TTG is at your service. If you’re an agent looking to help set dispensaries that could use our services, we’d like to hear from you. Contact TTG today at 888-383-8056.