Payment Processing for Cannabis
GreenHouse Payment Solutions, LLC., now offers Cannabis Payment Processing and World XPay
The transactions for cannabis products must be made almost entirely in cash because credit card processing for cannabis purchases is not currently possible.
Our company currently offers two solutions that will enable your customer to use a card for payment. Cannabis Payment Processing and World XPay.
GreenHouse Payment Solutions LLC has been involved in the Payment Processing for Cannabis for over 12 years in helping to provide cannabis payment solutions that work. We provide compliant solutions and professionally consult businesses to help them utilize the best processing programs available for their transactions.
The Problem
- The use of medical marijuana or recreational is legal in many states, but the Federal Government classifies it as an illegal class 1 drug.
- Most banks, including state-chartered banks, will not provide traditional banking or credit card services to marijuana outlets.
- The banks are afraid that federal regulators and law enforcement will come down on them with fines and further restrictions.
- Real, compliant credit card processing for cannabis is not available.
Merchant Burdens
- Paying employees in cash.
- Purchasing money orders for buying supplies and paying bills.
- Additional security concerns like break-ins, robbery, assault, etc.
Our Solutions
- Solution 1: Our Exact Amount PinDebit will accept basically any bank card for payment.
- Solution 2: World XPay allows your customers to pay for their purchase via the form of their choice without putting your business at risk for transaction fraud-related chargebacks!
- With World XPAY, when credit card processing for cannabis becomes legally available, you won’t have to change systems in order to accept traditional credit cards.
- Our solutions will enable customers to use their credit and debit cards within closed systems.