Cannabis payment processing is slowly gaining traction at dispensaries as new technology and processes emerge. However, without federal banking reforms or cannabis legalization, credit card use at dispensaries remains challenging. Debit card processing is much more common for dispensary transactions, and BLAZEPay provides options for both debit card and credit card payments using the customer’s…
Tag: Point of Banking
Credit Card Regulations for Cannabis Businesses
Every dispensary owner knows that cannabis credit card processing options are extremely limited. This is primarily due to one overarching fact; major banks and credit unions are regulated by the federal government and cannabis remains illegal under federal law. This creates a high level of risk for any commercial bank and for now, most decline…