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75% of customers want the ease of online payments.
For businesses offering “click and collect” services and delivery, knowing the customer has already paid means your employee can pass over the item and get back to serving in-store customers. Collecting payments online means your providers don’t have to worry about managing cash on the job site or bulky credit card machines.
One major challenge in cannabis payments in the US is that credit and debit card networks like Visa and Mastercard prohibit transactions on their networks in the U.S. due to cannabis’s status as a Schedule I controlled substance under federal law. That means retailers cannot use the traditional Visa or Mastercard authorization and settlement processes. Consider cannabis payments to be like a road under construction, where delays, closed lanes and detours may occur.
In the US cannabis industry has struggled with digital transaction limitations from the outset of legalization a decade ago. True stories of cash piling up, being used for utility payments, payroll and rent still exist but have abated as banks and credit unions installed compliance programs to monitor risk. Cash still prevails as the predominant retail payment solution but digital transactions are becoming more prevalent, resulting in increased sales per transaction and efficient, digital settlements. The road is still under construction but dispensaries can adopt solutions to drive revenue and make cash flow improvements.
A consumer engagement strategy can include cash/ATM, bank transfer ACH, PIN debit solutions, and potentially loyalty, gift card, and other non-cash payments.
Simplify transactions and secure your revenue stream with our state-of-the-art online digital payment solutions. Our system supports multiple payment methods with robust security protocols, ensuring every transaction is fast, reliable, and fraud-resistant. Provide your customers with a smooth, hassle-free checkout experience that reinforces trust and streamlines your financial operations.
Each of these solutions is designed with a keen eye on innovation, usability, and performance—ensuring that your digital presence not only meets but exceeds modern commerce expectations. Let’s transform your business into a seamless, efficient, and engaging digital powerhouse.
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