About Us
Credit Card Merchant Accounts for Dispensaries, Dispensaries, CBD, Cannabis Seeds, Kratom, Nutraceuticals
Our team has years of experience providing US merchant processing and ACH accounts. Request an application for:
- Dispensaries
- CBD
- Other hard-to-place industries such as cannabis seeds, kratom , dispensary merchant processing.
- Accept Visa® MasterCard®, DiscoverCard®
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PIN Debit VS Cashless ATM
There is a lot of confusion about the difference between a cashless ATM and true PIN Debit merchant account.
To put it simply a cashless ATM is simply a credit card terminal that is programmed to behave like an ATM. Whereas a true PIN Debit merchant account is a traditional merchant account that only allows Debit card transactions.
Until now, there has not been a bank willing to go through the challenges of setting up a BSA/AML compliance program to accept the risk of processing card transactions for cannabis.
We all know that credit cards are still illegal for the industry (regardless of what the other guys say).
However, our fully transparent debit processing account is compliant. It is endorsed by the acquiring bank and processing platform.
Debit payments essentially
pull cash directly from the consumer’s account and deposit into your business bank account.
Banks and the Feds like electronic funds a lot more than dealing with cash! Dispensaries
PIN Debit VS Cashless ATM
PIN Debit
- Sales are for the EXACT dollar amount of the purchase
- Customer does NOT pay Convenience fee
- 100% transparent with full acquiring bank disclosure
- NO cash handling
- Frictionless Checkout Process
- Sales, on average, increase by 25%+ versus cash or ATMs
- Seamless transition to credit cards when there is federal change
- No Contract
- No Early termination fees
- True DBA and business address on descriptor and receipts
- Fully transparent bank approved cannabis program
Cashless ATM
- Sales must be rounded up to the nearest $5 to $20
- Customer Pays “convenience fee” and usually an out of network fee
- Acquiring bank not disclosed (in most cases)
- Budtender must provide change
- Checkout requires explanation
- Sales, on average, increase of 18% versus cash
- Requires a new merchant account for credit cards upon federal change
- 3 to 5 year contracts
- High early termination fees
- Disguised DBA and false address information is common
- Bank not aware of cannabis transactions/ATM placements
Looking For More Info from Alpha?
Our new digital payment platform for Visa® and MasterCard® accepts merchant sales of MJ Dispensaries, CBD, Cannabis Seeds, Kratom, Nutraceuticals. Daily ACH transfers. Contact us: info@alphamerchantbank.com
MJ Dis[ensaries, CBD, cannabis seeds payment processing.
Dispensary Merchant Account - Not Cashless ATM
Simple, Traditional, & Efficient Payments are Finally a Reality!
We are excited to announce the FIRST truly transparent and traditional merchant accounts for the cannabis industry. We are happy to offer you TRUE PIN Debit payment processing. True PIN Debit is NOT another cashless ATM. True PIN Debit allows you to accept card payments just like any other business with FULL Bank and Processor disclosure.