Rhode Island Marijuana Dispensary Credit Card Processing

Are you ready to transition from operating as a cash-only business and implement credit card processing and banking services at your Rhode Island marijuana dispensary? Whether you have an existing cannabis business with one or multiple dispensaries or if you’re just getting your business started, we can help. The Transaction Group (TTG) offers the perfect solution tailored for your needs.

rhode island marijuana dispensary credit card processing

At TTG, we recognize the difficulties that dispensaries have faced over the years concerning banking and financial services. We’re here to help alleviate these challenges. Since 2011, TTG has been assisting the cannabis industry across the United States with payment processing and banking needs.

We’ve worked with hundreds of cannabis clients over the past decade and are proud to support these businesses. Our innovative credit card processing solution allows marijuana dispensaries in Rhode Island to accept both debit and credit card payments as well as digital wallets like Apple Pay and Google Pay. Transactions are smooth and easy much like retail transactions we’re all used to in our daily lives. 

Dispensary owners that use our solution have reported that they prefer our solution over traditional merchant account solutions for the significant savings it offers. When they were available, merchant services for Rhode Island marijuana dispensaries had transaction processing rates of 5-6%. However, our solution has no transaction processing fees altogether, resulting in potential savings of thousands of dollars per month for dispensaries.

At the checkout counter, the customer pays a small convenience fee to use their card. Because today’s consumers prefer the convenience and security of paying with credit and debit cards, customers understand and accept this fee without question.

Offering card payment options can improve customer satisfaction and loyalty, as many customers find cash-only businesses inconvenient and outdated. By accepting cards, you can attract a broader customer base and increase sales, as customers are more likely to make higher purchases when they can use their preferred payment method.

Our quick and easy approval and setup process ensures that in most cases, marijuana dispensaries can have credit card processing equipment operational in as little as seven business days or less. The equipment is pre-programmed, shipped via express mail, and configured for plug-and-play operation. Processing credit cards becomes as simple as connecting the power and Ethernet or phone lines and swiping the cards.

Key features of our solution include:

  • Acceptance of major credit and debit cards & digital wallets
  • No holdbacks or reserves
  • Comprehensive online reporting
  • Zero processing fees for merchants

Operating as a cash-only business poses several challenges and risks. First and foremost, safety concerns are significant. Handling large amounts of cash makes dispensaries a target for theft and robbery. By adopting credit card processing, you reduce the amount of cash on hand, thereby minimizing the risk of criminal activity and enhancing the safety of your employees and customers.

There’s no reason for dispensaries to continue to operate as cash-only. Embracing modern payment solutions is a positive step towards ensuring the longevity and success of your business. Contact us today at 888-383-8056 for a credit card processing solution for your Rhode Island marijuana dispensary.

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Need immediate assistance? Complete this form or call us today at 888-383-8056.

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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.

Let’s Work Together.

At The Transaction Group, customer satisfaction is our priority. Allow us to show you what we can do for you.

Let’s Work Together.

At The Transaction Group, customer satisfaction is our priority. Allow us to show you what we can do for you.

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