Is your bank unsure if they can do business with your Medical Marijuana Merchant Account?

Posted on October 21, 2013 by admin

Even though, it is perfectly legal to sell online medical marijuana for dispensaries in 18 states of the 50, federal laws are still against the use of marijuana even for medical use. The confusion around federal and state laws related to the use of medical marijuana leads many banks to discontinue their banking services to MMJ dispensaries and potentially put the entire industry on financial risk. Many big banks avoid confrontations with the federal authorities and turned hostile towards the medical marijuana industry the last few years.

It is a common problem with medical marijuana dispensaries to switch banks frequently due to the hostility of banks and their ever changing demands for providing financial services. The uncertainty of banks towards providing financial services to medical marijuana dispensaries created a financial risk for the entire industry that otherwise are doing excellent in terms of bottom line. Due to new scientific research related to medical benefits of marijuana and awareness in masses about marijuana as a medical cure for a number of medical conditions, the demand for medical marijuana in United States is more than ever.

Even though, there is high demand for medical marijuana, financial services and frequent account discontinuation from banks make it hard for medical marijuana dispensaries to allow credit card payments on their websites. Beside the fact that all major banks and other financial institutions are moving away from the marijuana industry, the online medical marijuana merchant account providers are keeping the industry alive at least online. Websites like marijuana-merchant-account.com provide specialized MMJ payment processing solutions to medical marijuana dispensaries that allow them to make online payments as an option for their customers on websites.

In the absence of banks and other financial institutes, many online merchant account providers like marijuana-merchant-account.com step up to provide the required financial services to the industry, Today, there are hundreds of websites that provide medical marijuana merchant account to dispensaries. Most Merchant Account providers categorize MMJ under the high risk category and impose special terms and conditions. With major banks and credit card processing companies pulling back, online merchant account providers provide many creative and innovative channels to keep the online finances flowing for the MMJ industry.

Marijuana-merchant-account.com are popular for their specialized online processing solutions for high risk industries like medical marijuana. They have providing online financial services to medical marijuana dispensaries and other high risk business since 2011. Their solutions help you choose from the pocket full of processing methods that are legal for the industry. Dispensary owners now have freedom to choose from the set of processing methods that best suits their interests and financial goals. To set up your medical marijuana merchant account with the company, you can visit their site and talk to their customer support staff that can guide you about all the legal issues involved and best possible ways to go around them. Marijuana-merchant-account.com is the sister company of eMerchantBroker.com that is designed to provide exclusive services to the medical marijuana industry.

Breaking the Taboo: How to Get the Right Medical Marijuana Merchant Account

Posted on October 8, 2013 by admin

Getting a merchant account for your medical marijuana dispensary business has been an issue for growers and sellers of the past. Not anymore. Just search online for a merchant account for medical marijuana and it will take you to the sites that will get you the high risk merchant account you need, including us, here at marijuana-merchant-account.com.

Just take the time

Sellers of this Medical Cannabis have a hard time getting a medical marijuana payment processing account because of the legalities and the ‘on the go’ status they have had in the past. But with the increasing legalization of the product, many merchant account servicers are changing their minds and willing to jump into the ring of profits. Slowly, the realization of the farce that has occurred with this herb is coming to light, and the states are changing how they view it.

Look it up

If you are a medical marijuana seller, take to the internet and search for merchant account servicers that are willing to help you with your business. There are more out there than you think. Take in all the information that they provide and ask questions. They have a lot of options for you and all you need to do is access the information.

Your search

You will need to type something in along the lines of “merchant account for medical marijuana” and see what comes up for you. Your options will be many.

Check out

Take the time to compare the sites and the per transaction fee. Find out if you are going to have an annual fee to pay and what it will be per month for your account. Always look to see if you are going to have any hidden fees and don’t be afraid to contact them. A lot of the merchant account servicers have a ‘live chat feature’ and they would be very happy to help you out.

Better, but still touchy

The medical marijuana market is still on the touchy side, but the stigma is desisting. As states begin to legalize the market is growing a little more stable for those of you that sell it. It will take time to grow out of the problem, in the meantime, take some steps to stabilize your business and help it grow.

No matter where your customers are coming from, they will need you market your product and make the payment system easy and effective. Good luck with you endeavor.

How to get Medicinal Marijuana Merchant Services

Posted on August 29, 2013 by admin

The medicinal marijuana industry is still not considered a legal operation under the federal law of The United States. This not only makes it difficult for medicinal marijuana dispensaries to work in peace even in the states where they are legal, but the industry also finds it very difficult to process payments . Even when the industry is legal in 17 States, most credit card processing companies and banks follow the federal verdict against the industry and mostly refuse to provide any services to the business.

Despite the federal law against the marijuana dispensaries, medical science and new researches prove that medicinal marijuana is very effective in treating different types of diseases and medical conditions. With more awareness among masses and education about herbs and medicinal importance of marijuana, the business is generating some good revenue for business owners. This is one of the reasons the demand for medicinal marijuana merchant accounts is greater than ever today. With federal restrictions, many banks and merchant account providers are hesitant to provide payment processing services even to the legal marijuana dispensaries because of inconsistent legal clouds around the industry. This makes it hard for business owners to find a good and reliable merchant service for their business but it is not entirely impossible.

With the growth of online merchant account providers in the last few years, there are many companies that are willing to provide payment processing services to the medicinal marijuana industry. The services are mostly provided under the category of high risk merchant accounts with special terms and conditions. Even when the top credit card processors blocked their services to medical marijuana merchants in July 2012, many merchant account providers found alternates from the diverse options available in the payment arena to continue their services to their clients. Many account providers came up with new and innovative payment procedures that qualify and provide for the needs of the medical marijuana industry.

With good numbers of online merchant account providers available with a large variety of payment solutions specially designed for the medical marijuana industry, the decision to choose one is becoming a difficult one for owners of marijuana dispensaries. Business owners need to do detailed research before making a decision about the authenticity of account providers, their payment processing method and the history. Go to online review sites that can help you read some reviews about the past customers that can help you in making a decision. Make sure that the payment procedure used by the company suits your business, look for the history of the company and their consistency in providing services. Learn if they have a history of blocking and reactivating accounts for medicinal marijuana dispensaries again and again under the federal pressure. If this is the case, avoid such company and look for options that have a history of consistency. There are several payment processing methods offered by different companies, but point of banking programs are the most used for medicinal marijuana merchant services.

For the medicinal marijuana industry, the business is evolving and thriving at the same time. New investments and money are pouring in, with the awareness about the benefits that medicinal marijuana have. The only thing that can help you take advantage of the large demand of your product is to find a good medicinal marijuana merchant account that can simplify your payment processing.

What effects on America does Sanjay Gupta’s recent opinion on Medical Marijuana have?

Posted on August 22, 2013 by admin

Marijuana is one of the most controversial conversations of the century and if you went back in time, you could see that William Hearst had a hand in the problem. Along those same lines, the medical marijuana community is divergently changing the minds of many politicians and scientists. Getting the real information into the public’s hands and educating as many people as possible.

We all know that herbs are a good thing to have for one issue or another. And we also know that too much of a good thing can make you sick. Scientists are discovering the benefits of marijuana and sales have been riveting. Merchant’s services accounts have sky rocketed, as well as the mobile sales devices.

Merchant accounts for high risk businesses are tricky at best, even though our airlines and movie ticket sales are developed through high risk merchant accounts. Marijuana sales are grouped right in that sales arena.

Sanjay Gupta to the rescue

However, with the bravery of Sanjay Gupta, CNN’s chief medical expert, things are changing. With his bravery and his initiative of a documentary, more people are communicating, about the sales of medical marijuana, than ever before.

With the onslaught of media and social media firing up the airwaves, the discussion just got fiery hot. Gupta is showing the medicinal reasons we need this drug on the market, not hiding it in the dark corners. For over eighty years, the government hid it from us because of a newspaper man, who deemed it as a class 1 narcotic with no medicinal means to it.

The truth shall prevail

If this drug can assist with medical issues, why wouldn’t we use it? It’s a natural product and could be a wonder drug. If we don’t explore the issue, how are we to learn the positive aspect to this drug? We already know the negative areas that it can affect. How about we turn that around and do something good with it?

A dream

With knowledge, it stomps out ignorance. With education it reveals the truth and lets the fallacies float away. The same goes with the argument of marijuana. It has suffered years as the drug that does us no good. It suffers under the high risk merchant account problem areas. And it causes the issuer problems if it is found in the seller’s car in the wrong state.

Sanjay Gupta has come to the rescue of many people, but his information is slow in coming, and may very well not reach everyone before they have suffered under the legal side of the issue. The day is coming, that the drug that William Hearst used to save his business, will be released to the masses to assist with pain, disease and other problems. It will no longer be the scapegoat to the prohibition era, and no longer be classified as a class one narcotic, evermore.

Company :
Name :
Email :
Phone :
Time Zone :
Volume :
Type :

Tag Archives: Marijuana Dispensary Merchant Account

Is your bank unsure if they can do business with your Medical Marijuana Merchant Account?

Breaking the Taboo: How to Get the Right Medical Marijuana Merchant Account

How to get Medicinal Marijuana Merchant Services

What effects on America does Sanjay Gupta’s recent opinion on Medical Marijuana have?

Get Approved!