PAYMENT & LOYALTY SYSTEMS
Cannabis operators are constantly offered dozens of systems to accept payments and build brand loyalty. But which ones are reliable and safe for you and your customers–and which can you create a profit steam from? Allow us to help you wade through the noise and confusion because we have ten years of hands on experience in the field of cannabis payments.
DISPENSARY DIGITAL PAYMENTS
ACH, gift cards, and other innovative mediums are being refined and now offer legitimate and convenient options for retailers and consumers.
Cannabis operators need options and creative solutions for payment processing. Fortunately, the financial services industry is finally responding with a range of tech-based products that address these evolving needs.
ACH (direct payment from a customer’s bank to yours) is emerging as the leading platform. It offers a safe and secure method for all parties—provided the right financial partners are supporting the system.
However, copycat systems lacking integrity or a viable, legal path through the U.S. monetary system are widespread. These can easily entangle a retail operator in illegal activity if they don’t fully understand the technology, processes, and consequences associated with new products and services.
Our solution approach
We present a full range of options for dispensaries, carefully balanced for convenience, risk, and profitability.
After pre-screening every competent service provider and evaluating their integrity, functionality, and potential, we offer qualified recommendations and analysis to optimize modern payment solutions for you and your clientele.
DISPENSARY CARD PAYMENTS
Despite cycles of service interruptions and an overwhelming array of options, cashless ATMs remain the dominant platform for in-store and delivery payments in the cannabis industry.
With literally dozens of options for processing retail cannabis payments, selecting a vendor should be approached with careful consideration of multiple factors—including service continuity, customer behavior, back-office management, and banking relationships.
We represent a wide range of service providers and financial institutions, and we assist in selecting the most appropriate vendor to meet the specific needs of your business.
Payments are not a one-size-fits-all solution, and the landscape of card service offerings and packages changes almost quarterly as the industry adapts to regulatory and financial sector developments.
Our solution approach
We analyze your recent POS history and develop strategies to transform card processing into both a customer convenience and a profit center.
Matching the right system, equipment, cash flow impact, hidden costs, and expectations is a process that requires the skill and expertise of a group like Dispensary Hub—backed by ten years of card processing experience and a broad network of industry connections.
DISPENSARY ON-SITE ATM
Non-bank ATMs have rebounded from being widely mistrusted to becoming a key cash-dispensing feature across industries.
Physical ATM devices offer cannabis retailers a managed resource for customers who need cash to complete a transaction or who don't trust cannabis payment card systems.
However, ATMs are only as effective as their ability to stay online, serviced, and stocked with cash. Recent events in the cannabis industry have left many machines empty for days or lacking receipt paper and routine maintenance.
Customers expect a clean, reliable device when they need cash—and our partners ensure that equipment and cash supplies are always fully functional and best-in-class.
Our solution approach
Develop an ATM pricing strategy that either complements your card payment options or directs cash sourcing to the platform of your choice.
Evaluating the frequency of cash resupply, machine placement, risk factors, and design are all critical when selecting an ATM solution for your business. We help you choose the right product and the right vendor—ensuring it’s a profitable decision.
