The prominent card brands such as Visa, MasterCard, Amex and Discover and the other partnering bank mark the Cannabis Merchant as the Schedule 1 drug the seller along with the likes of heroin, ecstasy, LSD and peyote.
Since most banks are supported by the Federal Reserve; they refuse to offer merchant account and payment gateway for cannabis.
Even the e-wallet solution of PayPal, Square and Vemmo refuse to offer merchant account for Cannabis or payment gateway for selling Marijuana.
However recently we have partnered few independent credit unions and international acquirer who are more than happy to onboard Merchants selling Cannabis and Marijuana online.
With PayQ, you can process payments for your web store.
Fill up the Application Online.
Submit the relevant documents.
Your business goes through underwriting
Start accepting payment in 2 days.
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