Dispensary credit card processing is a specialized payment solution that enables cannabis retailers to accept credit and debit card payments in their physical and online stores. If you operate a business that sells items associated with cannabis, then this is the custom account you've been looking for.
Dispensary High Risk Merchant Account
A high-risk merchant account is a specialized payment processing account designed for businesses in industries that banks consider to have elevated risk due to regulatory, legal, or chargeback concerns. A dispensary requires a high risk merchant account because of the changing legal landscape associated with their product line. Moreover, state regulations and federal laws often have conflicting information which makes certain banks reluctant to board businesses in this burgeoning vertical.
Nonetheless, Zen Payments can help you find a way to accept payments for your cannabis business. Dispensaries can accept payments through several methods, including credit cards, debit cards, ACH transfers, e-checks, and cryptocurrency. Eligibility for each method depends on specific factors such as THC content levels, state regulations, business history, and transaction volume.
