“Credit card processing and cash management has been a nightmare for the marijuana industry..."
Phoenix, Arizona (PRWEB) April 25, 2013
Marijuana Merchant Service.com has announced a full suite of financial services for the medical marijuana industry. Developed by marketing expert, James Eddy Stamey in collaboration with emerchant broker®, a leader in conventional and high risk credit card processing, Marijuana Merchant Service has developed specific programs to meet the unique needs of the marijuana industry. Offering merchant services at competitive rates for businesses operating legally under state law, the company provides financial services not typically available from conventional banks.
According to Stamey, “credit card processing has been a nightmare for the marijuana industry. Banks and online processors have refused to service legitimate businesses and have unilaterally terminated accounts without notice, causing a huge influx of cash, with all of its inherent problems”. Through Marijuana Merchant Service.com, businesses associated with the marijuana industry are now able to accept cash as well as all major credit cards at a very competitive transactional rate. Unlike other companies who reluctantly service the industry, Marijuana Merchant Service.com is committed to the industry and will donate up to 20% of its transaction fees to non-profit industry related organizations. According to Stamey, “It’s about time that the industry keeps its money within its industry”.
An innovator in providing marijuana focused financial services, Marijuana Merchant Service.com has also launched the Cashless Kiosk™. The Cashless Kiosk™ is a proven cash management solution for all dispensaries, eliminating the need for a direct transfer of “money for medicine” from patients to dispensary employees. The Cashless Kiosk™ consists of the built-in cash loading machine and interactive patient touch screen designed to significantly increase safety and security within the dispensary. Patients can add any value to their SmartCards with cash or any major credit card directly at the Cashless Kiosk™ wall. Once the card is loaded with value, patients can make their purchases, as usual, through a system that integrates with virtually any POS. Credit card processing can be handled by marijuana merchant service.com or by the dispensary’s processor of choice. Stamey concluded that “Dispensaries will now have full control over their cash management through the Cashless Kiosk™, substantially reducing the risk of employee theft, robbery or loss, this is an important advancement to this industry”.
Regardless of the service selected through Marijuana Merchant Service.com, dispensary owners will have exclusive, real time access to their money – through either cash retrieved from the Cashless Kiosk™ cash loader or through their bank account where credit card deposits are released within 48 hours of the transaction.
To learn more about the services offered by Marijuana Merchant Service.com, visit http://www.marijuanamerchantservice.com.