Dispensary Payment Processing Solutions
Did you know accepting credit cards can significantly boost your revenue by 25% to 40%?
At Spectrum Payments Solutions, we are a team of seasoned processors with over 15 years of experience in the cannabis and hemp industry, serving more than 500 dispensaries and delivery services. Over the years, we've witnessed various solutions come and go, many of which involved workarounds with rewards, vouchers, crypto, international processing, or gift cards, all of which proved to be unsustainable.
Our commitment at Spectrum Payments Solutions is to provide you with multiple domestic solutions through various acquiring banks that are willing to underwrite cannabis and cannabis-related businesses. In addition to this, we offer a range of other services to meet all your business needs. Say goodbye to exorbitant rates, unfair contracts, excessive fees, and lack of support. We are here to offer you the best solutions tailored to your specific needs!
Increase Revenue.
It is almost guaranteed your revenue will increase by a minimum of 15%. We have seen revenue increase as high as 50%. By accepting plastic cards for payment, consumers are allowed to spend more without a 2nd thought.
Why Accept Cards for Dispensaries
Fewer Armored Truck Pick Ups
By collecting more payments via plastic or digitally, you are decreasing the cash on hand and fees associated with delivering and depositing of the cash to your bank.
Lower Risk of Theft
By having revenue deposited directly to your bank, you will reduce significant cash on hand or during delivery; therefore, lowering the risk of theft and robbery from employees and robbers, and increasing safety for everyone involved.
More Payment Options
Businesses should not limit customers to pay and should allow customers to pay in every way they can, so you do not lose anyone’s business. By accepting cash and including debit card and credit card options, your business will have an advantage over local competitors.
Money is Safe & Insured
Banks make it difficult depositing cash and prefer electronic payments. All funds processed are within domestic networks and domestic banks, which are FDIC insured. No international technology, processors, or banks are involved in any way. Rest assured, your money is safe and deposited to the bank of your choosing. Being domestic also allows settlements and funding within a 2–3-day period.
Easy for Customers
Our solutions are the traditional methods of payment processing. No wallet download, no ach, crypto or Venmo like transfers, no buying vouchers or reward points and redeeming it at the counter. We offer hard terminals with WIFI/5G capabilities/Apply Pay and virtual terminals for consumers to tap and go. The process is no different than going to your local coffee shop or convenience store.
Fully Support
Unlike Square or International processors with non-existent or international support call centers, you will have a dedicated account manager and team of support at your disposal to call anytime.
Services we Offer
Credit Card Processing
Tap and Go with Wifi or 5G enabled hard terminals.
Authentication & Buyer Data
Protect your brands from counterfeit and know who your customers are to better target market.
Virtual Terminals
Verify customer’s info and credit card payment before making the delivery.
Cannabis Lending
Our partners are ready to fund your operations, finance new locations and new services.
Debit Card Processing
Reduce cash and its challenges. Will match or beat rates.
Banking
There are dozens of banks that are cannabis friendly ready to accept your business.
Armored Services
We remove the risk and hassles of handling, storing, counting, depositing and protecting cash.
Payroll & Benefits
Helping you grow and mitigate risks, and meet requirements with our HR management platform including worker's comp.
Advertising
Build your own platform and connect and engage directly with all your customers.
Insurance Services
Get coverage for products, building, employees, cash, etc.
ATM Machines
Ready to place them and fill weekly cash in any location.
Outdoor Advertising
Thousands of traditional and digital billboards available at a discounted rate
ACH/E-Check Solutions
ACH, Wire transfers, bill pay
ERC for Cannabis Businesses
a payroll tax credit, a refundable tax credit to businesses that retained employees during the COVID-19 pandemic who meet certain qualifications like forced closed closures, business interruptions, or decline in gross receipts.
Loyalty, Rewards, Membership
Create Costco like different tiers membership cards and continue offering rewards or discount counts directly to your customers.
Cannabis / Help Processing - Get Started
Apply Now for a no-obligation quote with one of our sales agents.