After so many years of hiding in the corners and sneaking their product to cancer patients that suffered, the marijuana business is becoming a little more respected. As people suffer the effects of long recoveries and painful cancers, they are reaching out for something that makes life a little more bearable.
Some of the businesses have waded through all the bureaucratic red tape and have come out on the other side a lot stronger. Even merchant account servicers were terrified to be their money processor for fear that the Federal Government would take down their business because of their association with a Marijuana dispensary.
That was then
The Department of Justice has clarified that if the dispensaries are within the correct operating procedures and doing everything legally, to leave them alone. This will allow them to hunt for banking opportunities as well as merchant account servicers and have little to no fear for those institutions and reprisals by the government.
Opportunity knocks
Finding merchant account servicers that will process a marijuana merchant account is still far and few between, but they are out there. They are brave little merchant account servicers that have watched all the new laws being passed and are very aware of the risk. As long as the dispensary continues to follow the rules and, stays out of their own product, they will have a fine business to work.
On the go
Many dispensaries are on the go businesses, and technology has heard the cry for convenience. Look up all the card processor machines and find the one that works the best for you. From the Square on top of your cell phone to the top of an iPad, the correct answer is out there for the type of marijuana account you work.
High Risk
This is still a high risk business, and you will pay a little more for your merchant account. Don’t fret; the merchant account servicer will take good care of you, making sure that all your credit cards and debit transactions are safe and secure. You will be run through the Gateway that encrypts all transactions. As a customer of a merchant account servicer you also are protected from fraudulent transactions. Your fees might be a little more than you expect, but at least your options for payments have grown.
Now you know
History has taken some twists and turns with the little herb we call Marijuana. Now times have changed and people are relying on it for pain relief and suffering of cancer patients. It helps them eat and not suffer the consequences, and they can gain some weight back. It’s too late for some, but with the diligent work of others, many will not fall off the radar and make it through their treatments.
Look for a Marijuana merchant account servicer that can help you if you are in this type of business. As long as you are working through the rules vetted by the Government and on the right side of the fence, all should be good. Look for the right account and keep your nose clean. Good luck!
