Many new California cannabis dispensaries as well as established retail stores do not realize they have a choice for an alternative payment solution to cash. Since 2011 The Transaction Group (TTG) has helped businesses in cities throughout the United States, including San Diego, with our marijuana dispensary credit card processing solution.
TTG is a merchant account services provider that was founded in 2004. Since then, the company has set up thousands of merchants worldwide with payment solutions. We specialize in working with high-risk industries and are proud to be known as a leading payment solutions provider for the cannabis industry.
At TTG, we understand the challenges that businesses in this industry have faced over the years. We know that these legally operating businesses have suffered due to not being able to get business services such as banking and merchant accounts. The good news is that with TTG’s solution, businesses do not have to operate as cash only.
San Diego Marijuana dispensary owners that have TTG’s credit card processing solution in place can decrease the risks associated with having excess cash-on-hand while also delivering a value-added convenience to their customers. California dispensaries that have TTG’s solution in place have reported that customers love the option to pay with a debit or credit card. Customers don’t have to worry about carrying large amounts of cash or visiting an ATM prior to visiting the store. And retail purchases tend to be as much as 20% higher from customers paying with a card, so it’s a win-win!
Another benefit to cannabis dispensary owners is the low cost to use the service. While traditional merchant accounts had high rates that could cost several thousand dollars per month in fees, dispensaries pay no processing fees with TTG’s solution. At checkout, debit and credit cards are processed via a terminal much like card transactions that we’re all familiar with in our daily lives.
With TTG’s service, dispensaries 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
After being approved, the setup process is fast and easy. Equipment is shipped express mail so that stores can start accepting customer credit card payments within 7 or so business days. When received, equipment simply needs to be unboxed, plugged in, and connected to a network. Our technicians are always available to walk through the process if needed to ensure the process is smooth.
If you have an established San Diego, California marijuana dispensary or are opening a new one and need a credit card processing solution, contact TTG today to get started. And if you’re an independent sales agent interested in referring cannabis dispensaries to TTG, we’d love to hear from you too. 888-383-8056.
