Get the Best Payment Solution for Your Dispensary
Do you own or manage a Tucson, AZ marijuana dispensary and only accept cash from customers? If so, you need a credit card processing solution from The Transaction Group (TTG). TTG is a merchant account services provider that has been offering the best payment solutions to the cannabis industry in the United States since 2011.
TTG understands the challenges AZ dispensaries have faced in recent years due to federal laws that are in contrast with state laws. Legally operating businesses find themselves in a situation where banks refuse to work with them. Without banking services and a merchant account, they are left with the only option to operate as cash-only and figure out where to store excess cash on hand.
However, with TTG’s credit card processing solution, marijuana dispensaries in Arizona can alleviate excess cash on hand to a degree and better manage sales revenue. And with our solution in place at your Tucson dispensary, you’re providing a value-added convenience to your customers. No longer do customers have to be burdened with carrying large amounts of cash or having to visit an ATM before making a trip to your store. Customers make purchases with a debit or credit card and a terminal much like we’re used to in our daily lives.
Cannabis dispensaries that have been using TTG’s services over the years love it for two reasons: Firstly, sales revenues are generally 15-20% higher, as customers tend to spend more per transaction with a debit or credit card than when paying with cash. And secondly, the cost to have our system in place is extremely inexpensive. There are no processing fees, but rather a low monthly admin fee.
When traditional merchant accounts were available before 2013, marijuana dispensary owners were paying 5-6% rates. At these rates, that meant that the average store was paying over $5000 per month in fees. TTG’s solution saves dispensaries a lot of money while delivering convenience to customers.
With TTG’s service in place, businesses 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
We have a fast approval and set up process that will allow recreational retail dispensaries to start accepting card payments from customers as early as one week after submitting an application. Once approved, we’ll send equipment express mail. All that the store will be required to do is to unbox the pre-programmed equipment, plug it in to an outlet and connect it to a network. We have support staff that will walk you through the process to ensure everything operates smoothly out of the gate.
Tucson, AZ marijuana dispensary businesses owe it to themselves to get a credit card processing solution and stop operating as cash-only. Whether you are just opening a new store or have an established business with multiple locations, we can help. And if you’re an independent sales agent interested in referring cannabis dispensaries to TTG, we’d love to hear from you too. Call TTG today at 888-383-8056.