Get the Best Credit Card Processing Solution for your Detroit Dispensary
If you’re looking for the best credit card processing solution for your marijuana dispensary in Detroit, you’ve come to the right place. The Transaction Group (TTG) is proud to be the number one merchant account solutions provider to cannabis dispensaries in Michigan and states throughout the US.
TTG is a merchant services solutions provider that specializes in working with business and industries that are classified as high-risk. We have helped thousands of businesses with their payment processing needs since 2004 and have been working with marijuana dispensaries since 2011.
Our team of experts have been assisting businesses in this industry for so long that we understand the unique banking challenges that these legally operating businesses face on a regular basis. Many businesses feel that they’re left with the only option of operating as a risky ‘cash-only’ business. However, there’s no reason to be cash-only. Together with our partners, we are able to deliver credit card processing services as well as banking solutions to marijuana dispensaries in Detroit.
Cannabis businesses that implement TTG’s services will have the ability to accept credit cards, which will help to alleviate excess cash-on-hand. And having a solution that allows customers to pay with debit or credit cards is a value-added convenience that all customers love. In general, customers making purchases in a marijuana dispensary do not like to carry large amounts of cash and this option is a safe and reliable solution.
We’ve heard from many industry business owners that they prefer TTG’s solution to traditional merchant accounts that had rates of 5-6% because of the cost savings. At these high rates, an average-sized dispensary would have to pay $5,000 or more per month in processing fees. With our solution, the business has no processing fees, which saves them thousands of dollars each month. Another plus for businesses is that when customers have the option to pay with a card, they tend to spend 15-20% more, which ultimately increases sales revenue for the business.
Detroit, MI marijuana dispensaries that utilize TTG’s credit card processing solution will 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 them
Setting up a non-cash payment solution is very simple. We offer an easy application process with fast approval process. Once approved, we ship pre-programmed equipment express mail. The equipment will then just need to be plugged in and connected to a network for it to be operational. A typical dispensary can start processing credit cards in as soon as a week to 10 days after submitting the application.
Whether you own or manage multiple established dispensaries in Michigan or are in the planning process of opening your first dispensary in Detroit, TTG has a marijuana credit card processing solution for you. And if you’re an agent representing cannabis businesses, we’d love to hear from you too. Call TTG today at 888-383-8056 to get started with a non-cash payment solution.