When the major credit card brands decided to cease support of the industry in July 2012, Discover Card remained the only credit card processing solution for the medical marijuana dispensaries.
This new blow to the already struggling industry left mmj dispensaries the option to operate as mainly as cash only businesses. Other than Discover Card Network, the closest thing to accepting cards was the installation of on-site ATMs.
The Transaction Group (TTG) understood the frustration this had caused many dispensaries and collectives. We felt an obligation to find a better alternative to the many medical marijuana business that we had previously set up with merchant accounts.
Like other processors, we’ve had other options that are no longer available.
Now, we have a credit card processing solution that allows mmj dispensaries to accept all U.S. based credit cards.
With rates starting at 1.95%, this solution saves dispensaries a lot of money over what they may have previously paid in processing fees. And, there’s no monthly fee!
Our solution is ideal for in-store sales, delivery and even online (for pickup or delivery).
The customers leave happy and the medical marijuana dispensary receives funds from the sale within 48 hours.
To get started with this credit card processing alternative for your medical marijuana business, call us today at 888-383-8056!
We look forward to serving you!