{"id":1481,"date":"2022-01-24T20:26:26","date_gmt":"2022-01-24T20:26:26","guid":{"rendered":"https:\/\/www.brotherprocessing.com\/?p=1481"},"modified":"2022-01-24T20:26:26","modified_gmt":"2022-01-24T20:26:26","slug":"how-do-dispensary-cashless-atms-work-for-my-cannabis-business","status":"publish","type":"post","link":"https:\/\/www.brotherprocessing.com\/how-do-dispensary-cashless-atms-work-for-my-cannabis-business\/","title":{"rendered":"How Do Dispensary Cashless ATM’s Work for My Cannabis Business?"},"content":{"rendered":"

If you operate a cannabis dispensary or a related cannabis or CBD business you may find it difficult to get a merchant account approval. The fact that it is only legal for recreational use in many USA states<\/a> yet still federally illegal makes for a difficult banking landscape.<\/strong> Farmers, producers, and sellers of CBD and Cannabis all know the frustration that this can create. When you’re being unfairly targeted despite your business being 100% legal, it can be a real thorn in the side. For companies who are consistently denied credit and debit card processing a Dispensary Cashless ATM is likely the right fit. Let’s see what it is, how it works, and if it makes a good fit for your business.<\/p>\n

What is a Cannabis Dispensary Cashless ATM?<\/h2>\n
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Cannabis Dispensary Cashless ATM<\/p><\/div>\n

Similar to a normal ATM where a cardholder withdraws money using their debit card and 4 digit pin, but with some differences. Instead of the user receiving the cash they will receive a payment receipt from the merchant for the amount “withdrawn” or paid. You as the merchant then receive a standard ACH deposit comparable to traditional debit and credit processing systems. This system is a\u00a0great option for businesses that can’t get traditional marijuana debit card processing<\/a> or have been denied. <\/strong>Start taking debit card sales at the counter and reduce cash exchanges and the need for cash deposits.<\/p>\n

Cashless ATM’s Can Reduce Costs<\/h2>\n

Not all cashless ATM providers offer reasonable rates per transaction or monthly. If a cashless ATM doesn’t save you time or money, what is the point? Here at Brother Processing, we’re proud to offer a solution for dispensaries and cannabis-related businesses<\/a> that works. Here are just some of the benefits:<\/p>\n