Do you have a Cannabis or Marijuana Dispensary and can’t get a merchant account? Unfortunately, the payment industry is fickle when it comes to dispensaries. We all have to abide by certain laws, compliance regulations and jurisdictional challenges for each state for the cannabis industry. Because of this, many merchant service companies steer clear of this Industry. That’s where we come in. Sky High Payments understands the value in a partnership and is willing to take that extra step!
RULES AND REGULATIONS
A marijuana dispensary is a retail establishment that legally sells cannabis products for recreational or medicinal use, depending on the local laws and regulations. These dispensaries provide a legal and regulated avenue for consumers to purchase cannabis products.
Marijuana dispensaries operate under strict regulations to ensure safety and compliance. These regulations may include security measures, age restrictions, product testing, packaging and labeling requirements, and limits on purchase quantities.
HOW CAN SKY HIGH PAYMENTS OFFER PAYMENT ABILITIES?
The biggest issue the payment industry is Chargebacks. Because of this, we offer the ability to process payments using debit, therefore decreasing chargebacks dramatically. You may think it is a negative, but is it? Debit cards are used more than credit cards by approximately 70%. Plus, dispensaries have mainly recurring customers so they are aware of this and understand if they go to other dispensaries they operate the same way.