- The company’s proprietary payment system is called ‘Green’
- Medical Cannabis Payment Solutions offers payment and management solutions for medical and recreational dispensaries and businesses
- It offers commercial operators an option that promotes security in going cashless
Medical Cannabis Payment Solutions (OTC: REFG) serves the legal cannabis industry with a first-class end-to-end payment processing solution. This solution is FinCEN (Financial Crimes Enforcement Network) compliant. Its proprietary payment system is called ‘Green’, and the company specifically customized this platform’s technology to be geared toward the cannabis industry. Established in 2013, Medical Cannabis Payment Solutions is based in Cheyenne, Wyoming.
The company provides payment and management solutions that are integrable for medical and recreational dispensaries and businesses (http://cnw.fm/Ns3nU). Essentially, as a first-tier merchant processing cannabis industry pioneer, Medical Cannabis Payment Solutions offers one of the first and only wide-ranging card processing operations of its type. This is primarily to serve the state-sanctioned medical marijuana industry. Its state-of-the-art system tracks sales and tax collection and does away with the requirement to deal in cash-only transactions.
Cannabis Dispensary noted in its April 2018 article that legitimate, fully transparent payment choices outside of traditional cash-only options are becoming available for dispensary customers (http://cnw.fm/G9tPB). Furthermore, Forbes noted that hardworking marijuana business commercial operators are struggling to find banks that will work with them. This forces these businesses to conduct most business with cash (http://cnw.fm/sVlV8).
Therefore, Medical Cannabis Payment Solutions provides commercial operators with an option that also promotes security in going cashless. The company’s belief is that its ability to permit a licensed provider to apply for a bank account online is a significant business benefit. This is because the majority of providers are having their bank accounts shut down.
Medical Cannabis Payment Solutions is offering a quality resolution to medical and recreational marijuana businesses to address this issue. It now allows online signup of merchant clients on its website. The company also provides bank accounts online. This helps cannabis providers deal with the problem of limited or no bank support resulting from federal regulations. Moreover, most existing point-of-sale systems can be setup with the company’s gateway.
As a link between a bank and a dispensary, its payment solution card allows patients and customers to link checking accounts from any U.S. bank to their ‘Green’ accounts. The card is unique for purchasing cannabis-related products from state-sanctioned merchants. In addition, the company has teamed up with First Bitcoin Capital Corporation to enable cryptocurrency payments.
Regarding its complete payment and management solutions, Medical Cannabis Payment Solutions enables legal dispensaries and related business to employ the system to pay employees, owners and bills via electronic funds. The system also allows businesses to manage client and product information through one complete platform. Also, depending on a client’s volume, the company offers secured/armored pick-ups. This provides added security to cash handling.
Medical Cannabis Payment Solutions continues to innovate regarding solutions for the legal cannabis industry. Its focus is on addressing the banking concerns of medical and recreational marijuana businesses and providing transactional security for these entrepreneurs. The company is offering growth opportunities to its clients and shareholders alike.
For more information, visit the company’s website at www.Take.Green
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