- Medical Cannabis Payment Solutions serves the legal cannabis industry with a first-class, end-to end payment processing system
- Its payment architecture is called “Go”
- The company’s is committed to helping businesses process payments securely
Medical Cannabis Payment Solutions (OTC: REFG) provides payment and management solutions to the legal cannabis industry. The company serves this industry with a premier end-to end payment processing system. This proprietary payment system is called “Go.” A FinCEN (Financial Crimes Enforcement Network) compliant enterprise, Medical Cannabis Payment Solutions has its corporate office in Cheyenne, Wyoming.
Marijuana Business Daily noted in a June 2018 article that the industry is suffering banking woes and searching for solutions to this issue (http://cnw.fm/sXbd1). This is where Medical Cannabis Payment Solutions comes in, as it is a first-tier merchant processing cannabis industry pioneer. Fundamentally, its state-of-the-art system tracks sales and tax collection and does away with the need to deal in cash-only transactions. The company’s “Go” platform and technology is expressly targeted to the cannabis industry.
Medical Cannabis Payment Solutions permits merchant clients to sign up online on its site. Furthermore, the company provides bank accounts online. Therefore, cannabis providers have a solution to the problem of limited or no bank support resulting from federal regulations still on the books. Also, this system provides businesses with an advanced client management system. A majority of point-of-sale systems can be set up with the company’s gateway, and it lessens the need to deal in cash. This cuts down on security concerns for the legal cannabis industry.
The Sacramento Bee reported in October 2017 that legalized cannabis is still a cash business, and dangerous (http://cnw.fm/MJo15). This is an issue that Medical Cannabis Payment Solutions is aggressively addressing. It is bringing to the marketplace the first and only comprehensive card processing operation of its type. The company’s system will process approximately 60 million transactions (http://cnw.fm/Gqs09). The system will securely, safely and in a totally transparent manner issue one million new cards.
Nonetheless, the “Go” system still facilitates cash transactions for medical and recreational cannabis businesses. A business can accept cash with an understanding that it has a safe and user-friendly way in which to manage cash with deposits, withdrawals, spending and transfers all out of one seamless system. At its heart, the system is a link between a bank and a dispensary. The payment solution card enables patients and customers to link checking accounts from any United States bank to their “Go” accounts. The benefit to customers is speed and convenience in purchasing state-licensed products, which they can do directly from their bank accounts (http://cnw.fm/9LaUp).
Offering the benefits of banking and merchant processing, Medical Cannabis Payment Solutions continues to innovate in the legal cannabis sector. The company’s goal is to help businesses operate legally and process payments securely. Regulatory compliant and dedicated to this mission, Medical Cannabis Payment Solutions offers its customers and stakeholders new ways to do business in a burgeoning industry.
For more information, visit the company’s website at www.PayWithGo.com
More from CannabisNewsWire
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.cannabisnewswire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
CannabisNewsWire (CNW)
Denver, Colorado
www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com
