Cannabis Payment Solutions for Merchants of Colorado
In Colorado, there are two sets of policies, the first one regarding the use of medical cannabis and the second one on recreational drug use. There is also a third set of rules that govern hemp. Patients that require treatment involving marijuana can only get medicine from a dispensary. Such dispensaries offer a wide variety of Cannabis products such as edibles, hemp, seeds, skin creams, hair & muscle growth supplements, and other nutraceuticals as well.
Within a couple of years of legalization of medical and recreational marijuana, the total sales of cannabis-based products reached $700 million. Usually, the US-based online pharmacies don’t have the right to sell CBD products legally. It is also necessary for an online seller of CBD to get licensed as a storefront dispensary even for selling marijuana for recreational purposes. A few years ago, there was no hemp or cannabis payment processing that could allow the merchants to accept electronic payments. But now, with SiftPay, you can set up a CBD credit card processing solution with a CBD merchant account.
Get Quick Approval & Avail the Benefits of Cannabis Banking
With the fast and easy approval, you will be able to set up the CBD products payment processing solutions within 42 hours. You’ll get benefits like:
- Accept major credit and debit cards
- No need for reserves or holdbacks
- Online report of all payments
- No need for the merchant to pay processing fees
- Complete banking services
SiftPay is a supporter of the legal cannabis industry, and that’s why they provide credit card processing and banking solutions to the cannabis industry. The company sets up merchant accounts for retailers of Airlines, Vape/eCig/CBD, Adult entertainment, Agriculture, Alcohol, Accounting, Construction, Cryptocurrency, Financial services, Bad Credit, Dating Websites, Gambling, Insurance, Legal Services, Lending, Manufacturing, Mining, Newspaper Agencies, Liquor/Hard Alcohol Outlets, Auction Websites, Nutraceuticals, Real estate companies, Online Video Gaming, Fantasy Sports, Direct Response/Infomercials, Time Cancellation Services, Online Tobacco, Debt Consolidation, Electronics, Restaurants, Retail, Staffing, Transportation, Travel agencies, Trucking, Utilities, Wholesaling, Collection Agencies, Event Ticket Sales, Pharmacies (Retail), Educational Seminars/Leadership Coaching Centers, Ticket Brokers, Merchant lenders (short term loan financing), Loan Services, Direct Marketing/Multilevel Marketing (MLM) Agencies/Biz Opportunity, US-based online pharmacies, Adult, retail and streaming hubs, Online Firearms and Gun Sales, High Volume Merchants, Continuity/Subscription Merchant Accounts, Credit Repair/Collection Agency, Document Preparation Centers, High-Risk Processing, e-commerce and Credit Repair Companies, Tech Support, Software & E-books, Dropshipping, Foreign Exchange, Stock Exchange, Timeshare services, Weight Loss and Diet Programs, Payday Loans, Social media/ Gaming, Subscription Based Services, Telemedicine, Coaching Centers for Real Estate, Business, and Life, Medicinal/Recreational Marijuana Retailers, CRB Retailers, CBD, Hemp, and Cannabis Lab Testing Centers, Paraphernalia Processing Companies, and Membership Sites.
However, SiftPay also plans to cover various low risk industries including, Auto Repair, B2B, Business & Professional Services, Car Dealerships, Churches/Nonprofits, Contractors/Home Improvements, Coffee Shops/Cafes, C-Store/Independent Gas Stations, eCommerce, Fitness Studios & Gyms, Flooring, Grocery Stores, Legal Services, Liquor/Beer Stores, Lodging & Hospitality, Medical & Dental Offices, Pet Stores, Pharmacy & Drug Stores, Property Management, Restaurants & Bars, Salons & Spas, Schools, Universities & Educational Institutions, Veterinaries and more.
From Puerto Rico to Europe, Canada to USVI, many countries have adopted the legal cannabis business banking solutions. And now, this is your chance to thrive in the industry and secure your profits. From adult, retail, streaming, event ticket sales, collection agencies, online firearms, and direct marketing/MLM services, every business needs an electronic payment processing model.
SiftPay offers the opportunity for all these industries to implement this new business model and create a streamlined cannabis banking, and CBD credit card processing system. Keep in mind that if you are enlisted in the MATCH merchants, SiftPay might not be able to help you out.
How to Avail the Service?
SiftPay specializes in high volume accounts, which means they will address all concerns you have regarding the CBD merchant account. From CBD bank account number to CBD online banking registration and login, the specialists will take care of everything.
To avail of the service, you only need to contact SiftPay and explain your requirements. The team of experts will integrate:
- Mobile 3G Terminals that delivers Point of Sale Cashier terminal and wireless terminals for delivery
- Debit & Credit Card payments for CBD retailers, online retailers, and physical storefronts as well
- CBD Merchant Account and Terminal setup in 48 hours
- Cashless Programs to eliminate the ATM maintenance expense
- No Line of Credit as U.S. Banks works for you
- Increase overall revenue through digital/electronic debit/credit processing
SiftPay plays the role of premier banking for the cannabis industry. They provide CBD oil merchant processing, medical/recreational cannabis payment processing, etc. to merchants. The sales receivable the clients will get are protected and insured federally via domestic banks. You only need to communicate with the service, and they will initiate the process of establishing cannabis payment solutions, or should we say cannabis dispensaries payment processing system.
As soon as your CBD oil merchant account is set up, you will get local approval. And after that, you’ll receive the Point of Sale Terminal to start accepting CBD credit cards via CBD payment gateway.
Cannabis Payment Solutions Are Increasing Rapidly
Easing up hemp payment processing, CBD business banking has resolved many problems for CBD merchants. As a result, the CBD industry is on the rise. Due to the strict banking laws, vendors are forced to adopt a proper method for payments and to avoid storing their profits in cash as well.
As the solutions are legal and safe now, you can find many services like SiftPay to switch from cash-only payments to multiple payment processing modes. Another benefit of online CBD product payment processing is that it is an inexpensive process that results in increased profits.
Being a legit online seller of CBD, storefront dispensary, and cannabis delivery service significantly improves the future prospects. At present, you might have to deal with worries that the branded card network is still not legal. But looking at the growth of the cannabis industry, the time is not far away when the branded financial institutions and companies also permit banking for the cannabis industry.
At that time, you’ll be able to use your established marijuana merchant accounts and medicinal marijuana payment processing system to gain full debit and credit card processing. This is the main reason for having a reputable CBD merchant account is valuable. You will be not only able to comply with the laws but also be able to avoid being enlisted in MATCH merchants. SiftPay will help you find the ideal banking partner so that you can provide hassle-free payment services to your customers every time they shop with you.