MARIJUANA DISPENSARY SOLUTION
A SOLUTION that bypasses the VISA MasterCard network by processing through the ATM network called "Point of Banking" or "Cashless ATM".
Due to restrictions regulated by VISA and MasterCard, medical marijuana dispensaries and other businesses around the country are unable to get merchant accounts and to accept debit and credit card payments.
The registration process is quick & painless. Most USA based merchants are approved.
Unlike some of the past processors offering this service, the processing banks are fully aware the service is being provided to Marijuana Dispensaries. They have been successfully offering this service for over 6 years.
Our Cashless ATM Proprietary Point of Banking System makes it possible for customers to pay for your services and goods using their PIN credit cards and debit cards with no cash being transferred. The card charges are recorded as withdrawals, without specifying what the money is used to purchase. These funds are then used to pay businesses for their products and services.
The sale is essentially processed through the ATM network – Tracking it as a cash transaction. However, unlike traditional credit card processing accounts, the point of banking system does not charge the proprietor any fees. A predetermined surcharge is paid by the customer during each transaction much like a traditional ATM.
A point of banking system functions in a similar manner to a traditional ATM however the transaction is completely electronic and a receipt is provided instead of cash confirming that cash has been debited from the consumer’s bank account and directly deposited into the merchant’s bank account.
In addition to being able to take credit card payments the Cashless ATM system also solves other challenges faced by medical marijuana and other cash based business owners:
Complete, sign, and submit the merchant agreement and ACH authorization forms.
Once approved, we will program and ship your terminal.
This is a plug and process payment processing solution. Simply plug the terminal into a power source and the appropriate internet terminal and you are ready to accept payments.
The consumer swipes their card, follows the on-screen prompts, and enters the 4-digit pin number to complete the sale.
Domestic merchants are guaranteed approval and will avoid the hassle of providing overwhelming personal and financial information typically associated with the application process for a credit card merchant account.