Are Cannabis Payment Processing Challenges Slowing Down Your Operations?
Streamline Your Payments: ancillary cannabis Payment Processing
Looking for Ancillary Cannabis Payment Processing to Accept Credit Cards?
You’ve come to the right place! The cannabis industry is booming, and as a business owner supporting this growing market, you know the challenges that come with navigating its unique financial landscape. Whether you’re a supplier, manufacturer, distributor, or service provider, your role is critical to the cannabis ecosystem. Yet, securing reliable and compliant ancillary cannabis payment processing can often feel like a daunting task. That’s where Bankcard International Group (BIG) comes in.
The unique challenges faced by businesses that support the growing cannabis industry are not new to us, we’ve been providing ancillary cannabis business payment processing since 2006!
You need a partner that understands the complexity and compliance of payment processing for cannabis related businesses. You need to GO BIG!
Understanding the Needs of Ancillary Cannabis Businesses
Unlike dispensaries or cultivators, ancillary businesses don’t directly handle cannabis but provide vital products and services that keep the industry moving. These can include:
- Packaging and labeling services
- Hydroponic equipment suppliers
- Marketing agencies
- Compliance software providers
- Legal, accounting, or consulting firms
- And More…
Despite not touching the plant, ancillary cannabis businesses often face similar challenges with cannabis payment processing. Many traditional financial institutions are reluctant to work with the industry due to its federal status.
What Makes BIG Different in Ancillary Cannabis Merchant Accounts?
- Transparent and Domestic Processing: No hidden fees or unexpected shutdowns. We offer stable, domestic solutions to empower your business growth.
- Experts in Cannabis-Related Payments: We’ve been navigating the complexities of cannabis financial services since 2006. Our experience ensures smooth processing for your business.
- Compliance: Don’t waste time and money on unreliable providers. BIG understands the level of compliance and reporting it takes to accept payments from the cannabis industry. Let us handle the tough stuff so you can focus on your thriving business!
Is BIG Right for your ancillary cannabis payment processing?
Traditional payment processors often shy away from cannabis-related businesses. This can leave you stuck with cash-only transactions, limiting your sales potential. BIG bridges the gap, providing secure and reliable credit card processing specifically designed for ancillary businesses like yours.
Here’s what sets us apart:
When you partner with BIG, you get more than just a payment processor – you gain a trusted ally committed to your success. Here’s how we help:
Compliant Payment Solutions
We specialize in high-risk industries and ensure all solutions are fully compliant with federal and state regulations. Whether you need a traditional merchant account or alternative payment methods like ACH transfers, we’ve got you covered.
Streamlined Cannabis Payment Processing
Simplify your transactions with:
- Credit card processing solutions designed for ancillary businesses.
- ACH and eCheck processing for fast, secure payments.
- Integration with leading invoicing and billing platforms.
Customizable Payment Gateways
Our secure, user-friendly payment gateways integrate seamlessly with your existing systems, giving you more control over transactions while reducing the risk of chargebacks.
Expert Guidance
Our team has deep experience in the cannabis space and stays ahead of industry trends. We’ll work closely with you to develop a cannabis payment processing strategy that aligns with your business model.
Ready to Experience the BIG Difference?
Let BIG take care of your payments so you can focus on running your business. Contact us today to learn more about our cannabis-friendly merchant account solutions:
- Accept credit cards quickly and securely.
- Boost sales and customer satisfaction.
- Join a growing network of successful ancillary cannabis businesses.
Don’t settle for anything less than BIG service. GO BIG Today:
Don't Take our Word for it, Check Out What Our Clients Say About Payment Processing with BIG:
No, unfortunately until there is federal guidance dispensaries cannot accept credit cards. It is strictly against card brand and acquiring bank regulations.
PIN Debit refers to a transaction that is run over any of the PIN Debit networks. PIN Debit for cannabis can only work with networks that have expressly provided their permission to transact for cannabis. With a Cashless ATM (A.K.A. Point of Banking) transactions are very similar but the transaction is carried out on the ATM networks. Rather than funding a transaction like a card payment it is a withdrawl from the customer's account.
Yes, cashless ATMs can be compliant. So long as the processor and networks have established compliance policies to allow for withdrawls in cannabis locations. The cashless ATM was invented over 18 years ago and has been used mostly in the cannabis and payday loan industries.
Yes, Bankcard International Group (BIG) has been working in the cannabis industry since 2007. We have earned the reputation as the Gold Standard in cannabis payment processing. Our superior knowledge, experience, and ethical client centric standards also earned us the 2024 Top Payments Company at the PBC conference for payments, banking, and compliance in the cannabis industry.
YES! Bankcard International Group (BIG) offers Crypto payment processing for both online cannabis payment processing and for in person transactions. Learn more on our page about Crypto Payment Processing - we make it easy!
YES! BIG offers cannabis friendly ACH Payment Processing for both B2B and B2C transactions. Contact Us to learn more!
Yes! BIG has flexible ATM placement programs for all business types including cannabis dispensaries. Contact Us to learn more...
Absolutely! We offer business the ability to get funded up to $10,000,000 quickly! To learn more visit our Business Loans page.
YES! Bankcard International Group supports cannabis related businesses with credit card payment processing services. To learn more visit our page on Ancillary Cannabis Businesses Payment Processing.
YES! BIG offers cannabis payment processing services to the industry. Whether you own a dispensary, delivery, or ancillary cannabis business BIG has a solution for you!
Absolutely, BIG has been a supporter of the CBD industry for decades with dependable and affordable CBD Merchant Accounts, LEARN MORE.
A merchant account is an account with an acquiring bank that enables a business to accept credit cards. A merchant account is basically a line of credit that is established based on a number of factors including credit, business model, and the amount of “credit” that is requested. Bankcard International Group provides the absolute best rates and service possible.
An acquiring bank is a financial institution that is a registered member of the card brand associations Visa, MasterCard, Discover, American Express, etc.. in order to fund credit card transactions for their merchants. Acquiring banks provide transaction funding so businesses can accept credit cards, debit cards, and other forms of non-cash payments.
Acquiring banks are appropriately named as they acquire (or accept) credit card transactions from card issuing banks that provide consumers with credit cards. An acquiring bank is responsible for underwriting a “merchant account” for any business that it allows to accept credit card payments. In doing so, acquiring banks assume the risk associated with the transactions they process and fund. In the event that a business is unable to refund a reversal, chargeback, or refund the acquiring bank is liable to provide those funds to the cardholder.
Applying for a merchant account is relatively simple but you do need to be prepared to provide documentation to show that you are a legitimate business with good intentions.
Since merchant accounts are a function of the banking system and are susceptible to fraud they are required to adhere to federal guidelines including the Patriot Act and KYCC (Know Your Customer’s Customer) oversight. You will be required to provide your business information, personal identification, and credit information so the bank can verify your ability to be approved for an account.