Marijuana Merchant Account

We offer the most stable and affordable merchant accounts for the legal cannabis industry!

What is a Marijuana Merchant Account?

A marijuana merchant account will allow your dispensary or legal cannabis business to affordably and securely accept credit and debit card payments directly into your designated bank account. The reality of today's economy is that accepting credit cards is a necessary part of any business, and the cannabis industry is no different. Your dispensary or business will grow and benefit greatly from providing credit card processing options for your customers.

The idea of figuring out how to process credit cards in this industry can appear to be overwhelming, but it doesn't have to be. Accepting credit card payments, and processing them, is easier than ever with Green Marimba.

Rates & Fees for Green Marimba Merchant Accounts

Terminals for marijuana merchant services

Our dispensary rates are just 4.95% and .25 per transaction. And we offer the option to add on a convenience fee and pass part or all of this fee on to the customer.

Green Marimba provides all merchants with VX520 EMV-chip terminals. These terminals handle EMV compliant transactions with the latest security protection for fraud prevention. You can purchase or lease the terminals – whatever works for you.

3 Key Benefits of Merchant Accounts with Green Marimba

Still not convinced you need a merchant account? The benefits of opening one are many. Here we outline the top three benefits to your business and customers.

Make More Money

The biggest benefit to utilizing a Green Marimba merchant account is that your customers will very likely spend more when they can use a credit or debit card. Multiple studies show that businesses that accept credit cards make significantly more per transaction than those that only accept cash. This is an easy way to grow your cannabis business!

Security & Money Management Increases

You know that having large stacks of cash is not the safest way for you dispensary or cannabis business to operate. With Green Marimba you don’t have to worry about that, as funds from your cannabis merchant account will be deposited directly into your bank account in about 2 business days.

Customer Convenience

Your customers will be happy because you have given them the flexibility to pay as they are accustomed to paying for almost all purchases – with their debit and credit card of choice. Happy customers are more likely to return again to your dispensary or business, which brings us back to your business making more money.

How Does a Merchant Account Work?

Merchant accounts allow your cannabis business to process credit and debit cards. The processing of credit cards follows these three basic steps.

Collecting Credit (or Debit) Card Information

The first step of processing a credit or debit card payment is collecting the payment card information from the customer. Green Marimba will equip your dispensary with VX510 EMV-chip terminals for this purpose. These state of the art terminals handle EMV compliant transactions with the latest security protection for fraud prevention.

Authorizing & Completing the Charge

Once the payment information is collected via a card swipe, it is transferred electronically to the card issuing bank who will authorize or decline the charge. This process requires that the bank (issuer) verify that the credit card account is active and has enough available funds to cover the charge. If verified, the issuer then authorizes and places the charges on the card.

Depositing Money to Your Bank Account

Once the card has been charged, there’s the 3rd critical step for your cannabis business: receiving the money. When you apply for a merchant account, you will supply your bank account information. Your sales will be automatically transferred into this bank account, generally within 2-3 business days. Note that you may need to ‘batch out’ the transactions daily in order to receive your funds.

Marijuana Merchant Services Security

Ensuring that credit card processing is safe, reliable and accessible for everyone is an important step in ensuring that customers use their credit cards. Green Marimba software and payment processing terminals follow strict PCI Compliance standards, to keep your data safe.
Don’t take this for granted - make sure to choose a supplier who follows security protocol.