Uploaded on Mar 27, 2022
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The Ultimate Cannabis Dispensary Card Processing Guide
The Ultimate Cannabis Dispensary Card Processing
Guide
Cannabis use and sale have slowly become
a regulated industry. 66% of Americans
favor legalizing cannabis. However,
financial institutions are still lagging behind
by not providing financial services to
customers in the cannabis industry
609-641-7300 www.atmmoneymachine.com
Point of Banking
This payment method is still unpopular, not
only in the cannabis industry but in others
as well. Some know it as a cashless ATM.
The point of banking payment method
allows customers to access their bank
accounts at the dispensaries or point of
sale.
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POS integration
The payment processing software must
conduct seamless transactions to the
merchant’s bank account. Since there is no
ATM for cannabis dispensing, the merchant
must ensure the numbers are correct at the
end of the shift. With POS integration, tracking
is possible since every payment has a
transaction ID.
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