fairbanks marijuana dispensary credit card processing

Fairbanks Marijuana Dispensary Credit Card Processing

The Transaction Group (TTG) has been dedicated to delivering the best payment solutions to merchants around the world since 2004 and is known as a leading merchant account services provider for high risk businesses. Since 2012, we have been offering credit card processing services for marijuana dispensaries in cities throughout the US including Fairbanks, Alaska.

Cannabis retail business have struggled with getting approved for banking services and merchant accounts for the longest time. For this reason, most of these legally operating businesses continue to operate as cash-only. Unfortunately operating as cash-only is less than ideal, as it brings additional challenges and especially increased risk to the business.

With TTG’s payment solution in place, a dispensary can process credit cards just like standard retail transactions that we’re all accustomed to in our daily lives. When ready to check out and pay for their cannabis products, customers can swipe or insert a chip debit or credit card, complete their purchases, and leave happy.

Our marijuana dispensary clients throughout the US understand that TTG’s credit card processing solution is a value-added service that many of their customers appreciate. Fairbanks customers are no different. Typically, customers today do not want to have to carry large amounts of cash or be troubled with pulling cash out of an ATM prior to visiting a retail store.

In addition to being a safer alternative to cash-only, dispensary owners love TTG’s solution for the low cost of implementing and using the solution. With traditional merchant accounts, marijuana dispensaries had to pay rates of 5-6%. At these high rates, an average-sized dispensary would be required to pay $6,000 or more each month just in fees. TTG’s solution has $0 processing fees. In addition to the cost savings, retails stores can expect higher revenues each month, as customers tend to spend up to 20% more when giving the option to pay with a debit or credit card.

Getting set up with services is simple. Our streamlined process will allow a dispensary to get approved quickly and receive the pre-programmed equipment via express mail. From the time the application is submitted to the time a dispensary can start accepting credit cards is a little as 1 week.

TTG’s services offer:

  • 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

If you have an existing business that is operating as cash-only or if you’re opening a new dispensary in Fairbanks, allow TTG to help. We’ll show you how easy it is to get set up with a credit card processing solution for your marijuana dispensary. And if you’re an independent agent interested in introducing dispensaries in Alaska to TTG, we’d love to hear from you too. 888-383-8056.