Payment Processing for Cannabis Businesses

Payment Processing for Cannabis Businesses

A+

4.8/5

4.8/5

4.5/5

5/5

#2,150

To update this announcement for My Payment Hero, here's how it might read: My Payment Hero Now Supports Secure Payment Processing for Cannabis Businesses

For years, cannabis businesses have struggled to access robust, secure, compliant payment solutions.

Fortunately, that’s all about to change.

My Payment Hero Merchant provides payment solutions for companies in the cannabis industry. Our state-of-the-art payment technology, partnerships with cannabis-friendly banks, and convenient payment options like debit card and ACH processing allow you to grow your business and expand your offerings with in-store and online cannabis payments.

Ready to learn more? Contact a My Payment Hero representative to find out how our merchant services accounts can support you.

The Current Payment Landscape for Cannabis Businesses

If you own or operate a cannabis business – whether it’s a recreational or medical dispensary or a wholesale or distribution center – you know how complex the landscape of cannabis payments has been.  For years, cash payments have been the only option for cannabis-industry business owners. That’s hindered many businesses and made it difficult to grow and scale, since cash-only accounting presents a myriad of bookkeeping and security challenges.  Fortunately, the changing legal status of cannabis and the regulations surrounding the industry have made new, cashless payment options available for cannabis business owners.  Today, ACH and digital payment platforms allow cannabis business owners to reduce costs and enhance operational efficiency, all while providing better customer service than ever before.  These cashless payment options also offer unique features such as full integration, prepay, pre-authorization, and easy voiding/refunding. As such, digital payment options are now the go-to for both customers and retailers in the cannabis industry.  If you’re looking for a payment processing platform that will allow your cannabis business to take advantage of ACH and debit card payments, My Payment Hero is here for you.

Why Choose My Payment Hero for Cannabis Payment Solutions?

As a cannabis business, you know what it’s like to work in a fast-paced, dynamic industry. 

If you’re going to invest in a payment solution, you need a provider who can adapt to your industry and provide solutions tailored to the unique challenges you face within it.

That’s where My Payment Hero Merchant comes in.

Here are a few reasons cannabis customers choose us for payment processing:

  • Bank relationships and unparalleled scalability. We partner with cannabis-friendly banks who understand your industry and provide the merchant accounts you need to grow and scale your business. 
  • Compliance and fraud protection infrastructure. Our industry-leading technology allows you to enjoy the peace of mind that comes with knowing that your payment solution prioritizes fraud protection and keeps you in compliance with all industry regulations.
  • Flexible payment options. For years, cannabis businesses have been relegated to cash-only operations. Fortunately, our merchant services solutions offer flexible and diverse payment options, including debit card and ACH payments. 
  • Industry expertise. Cannabis businesses are considered “high risk,” and it’s critical to work with a merchant services provider who understands what that means. Luckily, we work with thousands of high-risk merchants, so we’re uniquely equipped to provide the solutions and attention you need to run your business. 
  • White-glove services and experience. Enjoy a white-glove experience when you sign on with our services, including direct access to a dedicated account manager. 
  • Higher conversion rates. Our seamless, secure checkout options make it easier to drive customer retention and convert leads quickly and securely.
  • Frictionless checkout. Our payment solutions allow you to tokenize customer payment information and provide simple, safe, one-click payments for your buyers.
  • Better customer experience. Simplify your payment process to enhance the customer experience, promote trust, and provide an excellent customer experience with our payment solutions.

How My Payment Hero Solutions Work

With My Payment Hero, you can access in-store and eCommerce payment solutions for your business:

In-Store

Our in-store payment options let you easily accept debit cards and enable customers to make quick / secure payments using their bank accounts (ACH) at your physical store.

This is a great way to provide your customers a seamless, convenient payment experience and grow your business every time you make a sale.

eCommerce

Provide a simple, safe eCommerce payment solution for your customers with our online ACH payments. With My Payment Hero, cannabis businesses can harness the power of ACH and digital payment platforms. Our payment solutions come with distinctive features like seamless integration, prepay and pre-authorization capabilities, as well as easy voiding/refunding.

The Industries We Serve

Thanks to our bank partnerships, we’re uniquely equipped to serve businesses with various risk profiles. No matter what industry you’re operating in, we’ll work to understand your business and help you foster a strong relationship with banks that support you and encourage your growth.

Currently, we serve businesses in the following industries:

  • Dispensaries
  • Wholesale/Distribution
  • Cannabis-Related Businesses

Sign up for Your Cannabis Merchant Services Account Today

Stop struggling to find banks and merchant service providers that understand and support your business.

My Payment Hero will help you upgrade and simplify your payment processing capabilities and enjoy watching your business grow.

Create your merchant account today and start accepting payments immediately.