- In state-legalized cannabis markets, Green offers customers/patients quick, no-charge sign up and permits bank-drawn payments for purchases; this FinCEN-compliant system creates an electronic, cashless environment for state-licensed establishments
- To vendors, the Green gateway works with legacy point-of-sale systems and also offers cash management services, such as handling payroll and bill payments
- Total solution payment system can build repeat and loyalty sales by branding payment cards with a vendor’s name and logo for no additional charge
- Merchants can now sign up to use the cash-free, medical cannabis-focused electronic transaction solution directly on the Green website
Medical Cannabis Payment Solutions (OTC: REFG) offers a proprietary, completely integrated payment solution for customers and licensed medical cannabis establishments in its Green platform. The advantage of this top-tier, level one gateway payment processing system is that it is simple and free to set up. It creates a cash-free transaction environment with electronic money management (http://ibn.fm/M5dia). Web traffic has increased dramatically for the company since it began allowing merchants to sign up directly on the Green website (http://ibn.fm/7LtFw), making the process quick and easy to initiate and use, and revealing the market demand for an efficient, cannabis-focused electronic transaction solution.
Green is not a gift or reloadable card. Rather, it permits customers and patients to link directly to a checking account at any U.S. bank. Customers and patients can purchase electronically, not with cash. Although Visa and MasterCard are not accepted because of their prohibitions against any financial transactions involving federally controlled substances, Green enables medical cannabis buyers to purchase at licensed establishments using funds directly from their bank accounts. To vendors, Green not only processes those payments in this virtual banking system, but can also manage their funds. The platform also offers money management features for business, including payroll, bill paying and other business transactions.
Green is personalized to businesses. The cards can be branded to the establishment and even have logos on them. An app invites customer signup at point-of-sale on an iPad at a merchant’s shop. That app can be customized to a vendor’s brand. The result can be more repeat and loyalty purchases. Further, it is available to customers who wish to purchase straight from their bank accounts.
Merchant fees for the system are industry competitive. Green is offered to multi-location, high-volume operations, as well as small, low-volume merchants. Green offers complete adherence to reporting systems to maintain merchant compliance. In terms of security, REFG and Green offer electronic security for both customers and merchants alike. It secures cash handling, even providing armored cash pickups, if necessary.
For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com
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