About Us
Merchant and Bank 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 - not a cashless ATM but a real merchant account
- CBD
- Other hard-to-place industries such as cannabis seeds, kratom , dispensary merchant processing.
- Accept Visa® MasterCard®, DiscoverCard® Bitcoins
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The difference between PIN Debit VS Cashless ATM
A cashless ATM or POB solution is nothing more than a credit card terminal programmed to behave like an ATM. Whereas a real PIN Debit merchant account is a traditional merchant account that only allows debit card transactions.
The acquiring bank has set up a BSA/AML compliance program to accept the risk of processing card transactions for cannabis.
This is a first! It replaces cashless ATM.
As you know credit cards are still illegal for the industry.
Our fully transparent debit processing account is compliant. It is endorsed by the acquiring bank and processing platform.
Payments will be pulled from your customer's account and deposited in your business bank account.
Compare Real 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 Dispensaries, CBD, cannabis seeds payment processing.
Dispensary Merchant Account - Replaces Cashless ATM
Simple, Traditional, & Efficient Payments are Finally a Reality!
This is the FIRST truly transparent traditional merchant accounts for the cannabis industry! We are happy to be part of the team to offer you REAL PIN Debit payment processing. REAL PIN Debit is NOT another cashless ATM. REAL PIN Debit allows you to accept card payments just like any other business with FULL transparency to the acquiring bank and processor.
