Retailers of marijuana in California can accept credit cards via CanPay and Aeropay, according to Paybotic. Several financial service providers are keeping tabs on the situation and informing merchant acquirers of new developments even though the federal government has not yet legalized marijuana. Before marijuana is legalized on the federal level, companies specializing in cannabis payments hope that these new payment options will become well-established in the standard payment landscape. As a result, they are working hard to broaden their customer base and gain access to the majority of dispensaries once marijuana is legalized on the federal level.
Customers can use their own bank accounts to pay for their marijuana purchases when using cashless ATM services provided by some providers. For cannabis consumers, this method may be slightly more expensive than traditional bank-based payment systems. As long as customers are aware of what their financial institution is doing, making a purchase can be completed without fear of being charged in an unexpected manner. Despite the fact that these companies charge a fee of about $5 per transaction, it is less than one percent.
Flowhub's ability to streamline operations is a significant benefit to the cannabis industry. Advertising by dispensaries can be targeted based on social media activity and purchasing habits. MassRoots, on the other hand, cannot guarantee Flowhub's success. Consequently, the dispensary should seek the advice of an expert in this area before signing any contracts. There is no guarantee that MassRoots will be able to provide favorable terms in the interim.
A compliant point-of-sale solution for cannabis retailers, Cova, is also an option for these businesses. Because it was designed with retail cannabis retailers in mind, its technology platform has blazingly fast transaction times and is incredibly easy to set up. More than 500 cannabis dispensaries are currently powered by the company, and the platform experiences almost no downtime. Its proprietary platform is simple to use and adapts to regulatory changes.
Paybotic explained that Dutchie offers all-in-one technology solutions to make the lives of its customers easier despite the complexity of the cannabis industry. One of the company's primary goals is to facilitate the growth of a successful cannabis business while also promoting social progress. The company's customer service is always responsive and helpful. Please visit their website at www.weed.com/payment for more information. You can learn more about the various payment options here.
Social media site MassRoots focuses solely on marijuana-related material. It helps cannabis businesses connect with consumers and share information with more than 400,000 members. On April 24, 2013, MassRoots was incorporated in Delaware. However, the company is still in its early stages and has a number of full-time employees and freelancers. This strategy will allow the company to take advantage of the growing mobile device market and the multi-billion-dollar cannabis industry, both of which are growing at an exponential rate.