How to open a marijuana dispensary merchant account
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Looking for a Marijuana Merchant Account?
The marijuana industry has skyrocketed in recent months. Due to new laws and regulations marijuana has become widely more accepted, with over 47 states in USA legalizing marijuana in some form. This is a multibillion dollar industry and is booming now more than ever. Many individuals have decided to dive right into the cannabis related industry and make quite a bit of money.
Medical and recreational cannabis businesses can now offer their customers online payment processing using a marijuana merchant account. Cardless payments can be messy and unorganized, fortunately there are high risk merchant account providers for marijuana companies, allowing for card not present transactions. Nearly everyone purchases marijuana online or with a debit or credit card.
Marijuana merchant accounts are extremely useful and in high demand because the industry continues to grow each day. The last thing you want to do is turn money and customers away because you do not offer credit or debit payment processing. Marijuana merchant accounts are not easy to come by because many banks do not support this industry. High Risk Payment Pro’s offers marijuana merchant accounts that are targeted towards the convenience of accepting credit and debit card payments for your customers.
Has Payment Processing for Your Marijuana Merchant Account Been Shut Down?
These financial institutions are typically unwilling to take any form of risk when it comes to federal regulations, including marijuana merchant accounts. If your marijuana merchant account was terminated and shut down it is not the end of the world, you can get your business recovered and accepting payments. The majority of merchant service providers have been denying marijuana merchant account applications for credit card processing solutions. This creates a huge challenge for the marijuana industry considering it is almost a must to have online payment processing.
There is an incredibly high risk of chargeback claims; this is due to how to products are produced and then purchased. If a client is unhappy with the product and they felt like what they purchased was not up to par then they have the right to recieve a refund. This adds to the unhappy chargeback ratio. Because this is a very new industry there are a lot of laws and rules that coincide with this marijuana merchant accounts.
The cannabis industry is very sensitive and complicated when it comes to finding payment processor. We can make it easy for you with our high approval rate and long term experience with high risk merchant accounts, that is our speciality! High Risk Payment Pro’s offers custom marijuana merchant account solutions for your business.
Why Does Being High Risk Affect Getting a Marijuana Merchant Account?
So, if your’e a new marijuana company you might be wondering how high risk affects your marijuana merchant account. Well, for starters it limits your chance of being accepted or approved by certain banks and payment processors. This doesn’t mean there is no hope, however specific banks have a negative stigma against the marijuana industry. If an industry is labeled as high risk it usually turns merchant account providers away because of their lack of knowledge or experience in this industry.
Yes it is a challenge to find a payment processor that understands the unique and intricit needs of your business. High Risk Payment Pro’s provides your business with the support and care it needs to flourish into a proftiable business. We want you to live up to your full potential in the marijuana and canabis related industry, we have faith in your company.
- Fill out an online application
- Submit the proper documentation
- Let our expert underwriting team go to work for you to get you approved
- Start accepting payments and making money
How Can High Risk Payment Pro’s Help Me Get Merchant Account Solutions for Marijuana?
If you are in search of the top marijuana merchant account provider you have come to the right place. Merchants have made us their go to when it comes to payment processing solutions. We thrive to make you confident and focus on your canabis company while we handle your marijuana merchant account. Payment Pro’s is fulyl versed and experienced to understand the specific needs marijuana business seek. We have your back and will make sure you are approved and processing payments in 24 hours or less. We have the solutions for you!
Looking for a Marijuana merchant account?
Why Payment Pro's?
Well, for starters it’s in the name, high risk, that is our specialty. At High Risk Payment Pro’s we understand the challanges businesses face once they are categorized as high risk. Payment Pro’s has strong banking relationships and savvy technology to bring you the payment processing you and your customers deserve. We have the expert experience in getting Marijuana Merchant Accounts approved and accepting online payments in no time!
Marijuana Merchant Account Experts
- Fast Account Approval
- Large Merchants Welcome
- 10+ Banking Relationships
- Retail & E-Commerce Adult Accounts
- B2B Adult Accounts Welcome
- In House Under Writing
Multiple Payment Solutions
- Credit Cards
- Custom Gateway
- Mobile Payments
- EMV Readers
- B2B-Level 2/3 Data Discounts
- Chargeback Management
- SSL Secure Checkout
Top Customer Service
- POS/Terminals Available
- Developer API/Docs
- Dedicated Account Managers
- Custom Gateway Tools
- Custom Checkout Plugins