Are Cannabis Payment Processing Challenges Hindering Your Dispensary's Sales?
Streamline Your Dispensary Payment Processing
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Reliable Cannabis Payment Processing
Running a cannabis dispensary is challenging enough, your dispensary payment processing shouldn’t be. At Bankcard International Group (BIG), we understand the unique challenges faced by cannabis businesses in today’s market. Secure and reliable cannabis payment processing is essential for smooth operations and customer satisfaction. That’s why we offer industry-leading solutions designed specifically for cannabis merchant accounts.
Pioneering Cannabis Payment Processing Since 2007
BIG has been at the forefront of cannabis payment processing since 2007. We’ve built a proven track record as a trusted partner, earning a reputation as the gold standard in the industry. With extensive experience navigating the evolving regulatory landscape, we provide peace of mind and a seamless payment experience for your cannabis dispensary or delivery operation.
Whether you need fast & secure payment processing in store or at the door BIG has you covered.
GO With THE GOLD STANDARD in reliable cannabis dispensary payment processing – GO BIG.
Experience the BIG Difference in Cannabis Payment Processing
- Industry Leader: Renowned as the gold standard in cannabis payment processing. 2024 Winner for Top Payments Company in Cannabis at the PBC Conference.
- Experienced Partner: Over 17 years of experience navigating the cannabis industry.
- Unparalleled Support: Dedicated account management for a personalized experience.
- Secure Transactions: Top-tier security measures to protect your business and customers.
- White Glove Service: Our dedicated account managers offer personalized support throughout the entire setup process and beyond.
- Reliable Reporting: Gain valuable insights into your business performance with clear and comprehensive reporting tools.
- Full Transparency: We believe in open communication. You’ll always know exactly what fees to expect and have access to transparent billing.
Benefits of Choosing BIG for Your Cannabis Payment Processing Needs:
- Secure Transactions: We prioritize the security of your business and your customers’ information with robust fraud prevention measures.
- Streamlined Operations: Eliminate the hassle of cash transactions and experience faster processing times.
- Increased Customer Satisfaction: Offer your customers convenient and secure payment options they expect.
- Increased Sales: Market data has proven many times that sales and average ticket sizes increase when you accept card payments.
- Competitive Rates: Maximize your profit margins with our affordable pricing.
- Uninterrupted Operations: Ensure a consistent customer experience and revenue with our dependable service.
- eCommerce Payments: We have compliant eCommerce cannabis payment processing options!
- Additional Revenue Stream – Don’t pay for payment processing, turn it into a revenue stream. Ask us how!
Ready to Elevate Your Business?
Contact BIG today to learn more about our cannabis merchant account solutions and discover how we can help your business thrive. With BIG, you can focus on what you do best – cultivating high-quality products and providing exceptional customer service – while we take care of your cannabis payment processing needs.
Let BIG pave the way for a secure and prosperous future for your cannabis business. Contact us today!
BIG is much more than just cannabis payment processing, we are the gold standard in merchant services accross the board. If you have other businesses, regardless of industry, we’re here to help. Let us know if you would like to hear about our bundled business incentives! From Restaurants and Hotels to Ancillary cannabis and Travel bussinesses BIG has it covered with our heralded white glove service and competitive rates.
See what our clients have to say:
FAQ's on Cannabis Payment Processing:
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.