[abfunders]

Where's your proof that "only a few large processors have gone to prison"?

[Yankeeman07]

Where's your proof that "only a few large processors have gone to prison"?

https://mjbizdaily.com/two-convicted...ced-to-prison/

https://manzurilaw.com/cannabis-bank...-the-industry/

https://news.bloomberglaw.com/cannab...rticle-related

No one can legal utilize a Branded Card for payment of cannabis without falsifying information on a Merchant Application and subsequently
boarding the merchant under a mis-Coded MCC

So far, I don't know of any street level agents being prosecuted - but the day may arrive. I know Doctors that have lost
merchant accounts for selling MMJ (State Legal) and CBD -

[abfunders]

https://mjbizdaily.com/two-convicted...ced-to-prison/

https://manzurilaw.com/cannabis-bank...-the-industry/

https://news.bloomberglaw.com/cannab...rticle-related

No one can legal utilize a Branded Card for payment of cannabis without falsifying information on a Merchant Application and subsequently
boarding the merchant under a mis-Coded MCC

So far, I don't know of any street level agents being prosecuted - but the day may arrive. I know Doctors that have lost
merchant accounts for selling MMJ (State Legal) and CBD -

Eaze is old news, miscoded MCC. They did it through fake businesses. They were not the processors, they were the "consultants" to arrange fraud. You have not found a single case where a "processor" went to prison. You continue to baffle the community with your intelligence levels. I say that in full confidence as one of the few non-keyboard warriors here who tries to type correctly, uses full sentences, and who speaks a perfectly fluent English without using the shortcut of cursing.

[Yankeeman07]

Eaze is old news, miscoded MCC. They did it through fake businesses. They were not the processors, they were the "consultants" to arrange fraud. You have not found a single case where a "processor" went to prison. You continue to baffle the community with your intelligence levels. I say that in full confidence as one of the few non-keyboard warriors here who tries to type correctly, uses full sentences, and who speaks a perfectly fluent English without using the shortcut of cursing.

Tell the world what MCC is used to board Cannabis Merchants - and who is the Sponsoring-Acquiring Bank.

[abfunders]

And there are lots of sponsoring banks. I work with a processor who rotates through 5 per merchant so they never have any potential down time.

[Yankeeman07]

And there are lots of sponsoring banks. I work with a processor who rotates through 5 per merchant so they never have any potential down time.

My point exactly - it is miscoded (A MCC does NOT Exist for Cannabis) - since the merchant is boarded under a fraudulent MCC the sponsoring bank will not know the merchant is Cannabis until a site visit is conducted or a charge-back occurs.

This is Labeled as BRAM Violation:

Card transactions are a serious problem for the cannabis industry—not because consumers can’t use them to purchase products, but because merchants accept them. Instead of adhering to the prohibition of debit card and credit card use, numerous business operators at all levels opt for workarounds that cause more damage than they might realize.


Let’s set the record straight: Branded card networks—both credit and debit—are opposed to any cannabis transactions occurring on their rails.
Cannabis, along with terrorism, is not just frowned upon. It’s prohibited.