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Podcast: B2B Vault: The Biz To Biz Podcast
Episode: B2B Vault Episode 35: Cannabis & Payment Processing
Description: Cannabis and Payment processing has been a subject that I have been asked about for years.
The simple answer is:
There are legal ways to accept electronic payments - most of them involve ACH.
ATMs that dispense cash are allowed by some banks that provide services to ATM companies.
There is Point of Banking machines (similar to an ATM) that are also allowed by some banks.
The rules are different for each provider, so we recommend that you do your homework and determine what solution you will choose.
The Card Brands has been sending out notices...