Dispensaries
It is not difficult to determine how “above board” any payment solution is. Ask the business, who is the bank and who is the Payment Processor? Then call both the bank and the Processor to ask if they support payments for the business’ specific industry. That does not even work sometimes. In order to provide fully compliant payment processing there MUST be full transactional transparency.
Meaning: The Sponsor Bank that funds the transaction must meet BSA expectations regarding cannabis-related businesses.
The Acquirer must work in full transparency regarding the source of a transaction.
The business’ depository bank must have a BSA/AML-compliant cannabis program in place per FinCEN guidance. The card brands must be notified that the Sponsor Bank is supporting the cannabis industry.
Most of the times, dispensaries are working with solutions that are far from Compliant. Cannabis Business owners are taking a risk of being fined for each payment they accept that is not in compliance.
Aacadia Payments has teamed up with a Compliant Bank and Payment Processor to process Cannabis payments and follow the regulations.
Aacadia’s Cannabis Program Features
- PIN Debit is NOT the same as a Cashless ATM
- Sales are for the EXACT dollar amount of the purchase
- Cardholders DO NOT pay convenience or out of network
- fees
- NO cash handling
- 100% transparent with full acquiring bank disclosure
- Frictionless & familiar checkout process
- Sales are proven to increase vs. Cash or ATMs
- Seamless transition to credit cards when there is federal change
- Surcharge option to offset or eliminate costs
- No Early Termination Fees
- True DBA and address on Receipts and Descriptor
- Fully transparent/Bank Approved cannabis program
Open your Marijuana Dispensary Pin-Debit Merchant Account with Aacadia Payments Today by filling out the form below!!
Get Started
Speak with a merchant account expert and get approved!
We’ll work hard for your business and want to make sure that you are completely satisfied with our merchant services. Your continued success as our customer is our top priority.
Send us a note using the form on this page or you can contact us by phone during business hours Pacific Time.