Payment Processing Solutions
CANNABIS PAYMENT PROCESSING
Credit & Debit Card Processing for Cannabis Stores
Payment Processing for the Cannabis Industry has been a rare opportunity for medical marijuana businesses since the industry began. Lucrative Merchants is proud to be a pioneer in the both the Credit Card Processing arena by connecting with financial institutions that not only allow businesses in the Cannabis Industry to accept credit & debit card payments, we offer the most competitive rates in the industry. Accept VISA, Mastercard, AmEx, Discover.
Lucrative Merchants will set your business apart from the other manufacturers & retail stores in your area by opening a door to a new revenue stream that will increase the batch size of customer orders as well as enhance the customer experience when choosing to purchase products from you. We also offer a proprietary program for Cannabis B2B transactions to allow Cannabis Growers/Farms and their vendors to take and accept payment more securely.
The Benefits of working with Lucrative Merchants:
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Utilize a load fee to create more revenue for the business.
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Lower your customer’s out of pocket expenses.
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Effective Rate.
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Solution is easy to use. No math. No learning. Swipe & Go.
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Money is deposited every business day of the week.
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Budtenders can get tips through card payments so your staff won’t miss out.
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Average tickets are higher when using credit cards.
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The Device is Wi-Fi so you might only need one device in a location.
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Training is super simple and the terminals are all setup and ready to go - just connect to a secure Wi-Fi.
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The Terminals can also be used on the 4g network so the solution can be used for deliveries.
Below we speak more on the steps & details to get started with the process of accepting cards with your Cannabis company.
It is simple, stress-free, and lucrative.
To schedule a demo or learn more about our Cannabis B2B program send us an email: cannabis@lucrativemerchants.com
Apply Today!
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Schedule a demo of our solutions at your earliest convenience.
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Complete our online merchant application and tell us a few specifics about the business.
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After you have seen a demo of our solutions, we will require the necessary documentation to on board your business.
CBD & MMJ
Required Documentation
CBD
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Merchant Application
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Voided Check or Bank Letter on Bank Letterhead
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Copy of Driver's License or Passport
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3 Months Most Recent Processing Statements (if applicable)
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3 Months Most Recent Bank Statements
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If new company, supply statement supporting startup/operation of the business.
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*Please note additional documentation may be required depending on State Law
Required Documentation
MMJ
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Merchant Application
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Voided Check or Bank Letter on Bank Letterhead
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Copy of Driver's License or Passport
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3 Months Most Recent Processing Statements
(if applicable) -
3 Months Most Recent Bank Statements
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If new company, supply statement supporting startup/operation of the business.
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Copy of State Licensing depending on services offered and merchant's physical location:
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Cultivation
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Growers Distribution Medical Recreational Compassion/Alternative Treatment Center
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Laboratory
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*Please note additional documentation may be required depending on State Law
Account Setup
& POS
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Once we have received the Merchant Application and necessary documentation you will be submitted to underwriting.
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Lucrative Merchants will be in contact with the merchant within 24-48 hours from submission.
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At this time we will also speak in more detail about which POS system you would prefer for your store location.
CBD / MMJ
Ask one of our Account Specialists
Need to schedule a demo?
Want to ask something specific about our
MMJ & CBD Credit Card Processing options?
Our Account Specialists are ready to help you.
Please fill out the form below.
You can also contact us directly by emailing: marijuana@lucrativemerchants.com
