Cannabis merchants can offer patients and customers convenient checkout using a credit, debit or rewards card. The days of accepting cash-only are over. Cannabis Business Solutions, Inc. is a national company supporting medical and legal cannabis merchants to obtain payment processing and a bank account. There is no obligation or fees to make application.
CBS works with the most reputable payment processor and federally-backed banks in the U.S. Merchants include medical marijuana clinics, physicians, CBD and hemp companies and ancillary products and services. Recreation-adult use merchants may not apply for credit card processing at this time. However, they can make application for a checking and/or savings account using checks and online transfers to conduct business.
Fees are based on the same factors of traditional payment processing and banking; length of time in business, anticipated monthly transactions and/or deposits. Applicants are required to provide a social security number, drivers license and documents showing proof of company status, i.e.: limited liability company or corporation. After the review process, the payment processor or bank will provide an offer to include fees, name of processor and/or bank and terms. Learn more https://www.cbscannabis.com