What makes our Cannabis Dispensary credit card solution compliant?

It all starts with proper security, tracking, and reporting features which allows us to pass the regulatory smell test. Our compliant system has strict due diligence measures in place to ensure that we’re working only with properly licensed merchants in good standing with state and local governments, and our system exists on a transparent and audit-ready platform.

As the merchant of record in our closed-loop system, we transfer liability away from the cannabis merchants who are restricted from having direct merchant processing accounts. Our process is very simple, we developed a “Single Use, closed-looped” e-Wallet ecosystem that is PCI/SOC compliant and Blockchain secured. We treat your customer like any other retail location taking credit cards. No apps to download, no gift card program to join to barrier to entrance. Your customer uses any credit or debit card in their wallet to make a purchase.

Ours is the only solution openly supported by multiple US banks that also utilizes blockchain technology for transparency, tracking, and compliance. In our due diligence process for each and every merchant prospect, we run criminal searches, no-fly lists, and review office of foreign assets control (OFAC) through our licensed & bonded investigations company. We also conduct internal due diligence where we search negative news about the business and the business owners we plan to do business with. Before approval, we ensure that every new client is above board and fully licensed to run their applicable operations. We do not run credit reports of prospective clients.