Medical Marijuana Merchant Accounts | Cannabis Credit Card Processing
Offer your customers an alternative to paying with cash! The Transaction Group (TTG) and our banking partners have a credit card processing solution for your legal medical or recreational marijuana dispensary!
Our solution works for both retail mmj dispensaries and mmj delivery services in all legal medical cannabis states.
Payment Processing in the MMJ Industry
Historically, the medical marijuana industry has been primarily a cash-based business. All legal mmj businesses had no option but to accept the greater risk that comes with cash businesses.
In the mid to late 2000’s several banks were offering merchant account services for medical marijuana dispensaries, enabling them to accept credit cards. However, the number of available credit card processors dwindled to one by 2012.
At TTG, we saw how the changes in banking policy in regard to credit card processing services were adversely affecting the medical marijuana industry. We sought to find an alternative payment solution for our friends in the industry.
We, too, have experienced much frustration and have had to continue to explore new programs.
Currently, we offer a solid debit and credit card processing solution as well as a banking and checking solution for marijuana dispensaries. Our solutions enable a dispensary to take all four major credit card brands, Apple Pay and Google Pay. With our solution, businesses will have the ability to accept cards face-to-face at a retail location, over the phone, via text, or online on a website.
- Easy approval & set up process
- Accept all 4 major credit card brands, Google Pay & Apple Pay
- Funds deposited directly into checking account
- Card swipe terminal included
- Cash pick up services available
Get started today!
If you’re ready to set up credit card processing and a cash management solution at your marijuana dispensary, give us a call today at 888-383-8056.
Business Loans For Medical Marijuana Dispensaries
We understand how capital is important for the growth of any business. Medical marijuana dispensaries are no exception. Unfortunately, it is often very difficult for mmj dispensary owners to get approved for business loans from banks. TTG and our banking partners have a business loan program in place for mmj dispensaries.
The cash advance business loan program offers a fast approval process for legal marijuana dispensaries. Funding is based on current monthly sales. The program offers very favorable terms with no set repayment schedule.
Use the business loan funding for whatever purpose necessary at your mmj dispensary. Whether you’re in need of equipment, expanding a current location, or planning on opening an additional retail location, funding can be obtained.
At TTG, we are here for you. Let us help your medical marijuana dispensary. Call us at 888-383-8056, or email sales@thetransactiongroup.net.
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.
