Cannabis Payment Processing Options
Some financial tech companies offer multiple cannabis payment processing solutions. These options include:
- App-based payment: Send your customer a link with their receipt and payment options such as card, Google Pay or Apple Pay.
- Bank-to-bank transfers: The customer directly makes payment from their bank to the business’s bank account.
- Cryptocurrency options: Some businesses benefit from embracing cryptocurrency as a mode of payment.
- ATM options: These include the cannabis ATMs, with tap-to-pay options available.
- Web3 technology: Web3 banking allows users to connect directly to financial systems.
Since traditional banking solutions have not worked for the cannabis industry, fintech companies seek more creative cannabis payment solutions.
No-Cost Debit Card Readers
No-cost debit card processing is a convenient and secure payment solution for many companies, and especially convenient for cannabis businesses and their customers. Using Web3 Banking technology, business owners can send money requests directly to customer devices using email or text messages. These include a secure link where the final card details are shared, and the transaction can be completed promptly.
When used for cannabis payment processing, no-cost debit card processing eliminates several problems. Customers aren’t inconvenienced by cash transactions, and business owners do not have to keep so much cash on hand.
Necessary Features in a Cannabis Payment Processing Provider
When choosing a cannabis payment processing solutions provider, you must find an established company with an excellent reputation and many reviews from satisfied customers. You also want to find a company that is affordable to use, preferably one that doesn’t charge the company monthly fees.
An excellent cannabis payment processor will offer complete customer service, including system setup, staff training, and live support. ThirdPhase Inc. offers you all those features and more, making it a safe and competitive option for cannabis payment processing.
The ThirdPhase Advantage
ThirdPhase has decades of experience in the payment processing industry and has become an expert on secure and legal cannabis payment processing solutions. Our company has more than 200 clients, and we use the same proprietary gateway software used by big casinos. Your transactions will run smoothly and efficiently.
ThirdPhase does not require a contract and charges no monthly fees. We allow you to accept debit cards at the counter to simplify transactions further. And best of all, customer purchases are not limited to the amount of cash they brought in or withdrew from a traditional ATM. The customer can buy what they want without worrying if they’ve brought enough cash.
For more information about cannabis payment processing solutions at ThirdPhase, please fill out our short online contact form or call 818-535-4087.
