Since 2004, The Transaction Group (TTG) has provided merchant account solutions to businesses throughout the world. We specialize in working with high-risk industries and offer the best credit card processing services for marijuana dispensaries in all legal cities and states including Seattle, WA.
Due to federal laws, it has always been challenging for cannabis businesses to get set up with bank accounts and banking services. Often businesses in this industry are left with the only option to operate as a cash-only business. Operating as a cash-only business is not ideal, as it brings additional risk and headaches to the business.
TTG has been assisting marijuana dispensaries with credit card processing services since 2011. Our solutions allow Seattle dispensary owners to accept major debit and credit cards, which helps to alleviate their excess cash on hand while also providing a value-added service to their customers.
Over the years we have heard from many Washington St dispensary owners that given the option, customers prefer to pay with a debit or credit card. Many customers do not want to be burdened with carrying a lot of cash and the ability to pay with a debit or credit card is easy and convenient. At checkout the customer swipes or inserts their chip card into a terminal much like every transaction all of us are accustomed to. And when given the option to pay with a card, customers tend to spend about 20% more.
In addition to its ease and the fact that it boosts monthly sales, dispensary owners love our solution because it also saves them a lot of money. With traditional merchant accounts for marijuana dispensaries, rates were 5-6%. At these rates, dispensaries were paying thousands of dollars each month in fees. With our solution, there are no processing fees.
With our fast approval and easy set up process, dispensaries in Seattle, Washington can start accepting debit and credit card payments in a matter of days. After a dispensary is approved, we send the pre-programmed credit card processing equipment express mail. When received, the equipment just needs to be plugged in and connected to a network. Our technicians are available to walk through the process if needed.
With TTG’s service you’ll 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
If you have a new or established cannabis store and want an alternative to operating as cash-only, TTG has your solution. Get started with a credit card processing solution for your marijuana dispensary in Seattle, WA, by calling TTG today at 888-383-8056. And if you’re an agent interested in working with us at TTG, we’d love to hear from you too.