[Merchant Cap Accceptance]

FINALLY...
Credit Card / PIN Debit Processing for CBD, Kratom and Cannabis!
Stable, Legal, PCI Compliant

call: 725-256-8889
email: jfox@themrchantclub.com

TY,
Jeremy

[Yankeeman07]

FINALLY...
Credit Card / PIN Debit Processing for CBD, Kratom and Cannabis!
Stable, Legal, PCI Compliant

call: 725-256-8889
email: jfox@themrchantclub.com

TY,
Jeremy

Only if you are wanting to violate The Card Brand Rules & Regulations.

[Gene148]

if Dispensaries can / will accept credit cards would definitely be a step in the write direction.

[Yankeeman07]

Visa Warning Rattles Cannabis Industry




https://www.greenmarketreport.com/vi...abis-industry/

[abfunders]

Dispensaries cannot accept regular credit cards as normal. That's correct.

There was recently a really sad marketing ploy that actually affected some processors.

Two articles last week in American Banker and in Bloomberg Law did the same thing as a Scareware attack from ZoneAlarm on 9/2/10. The free version of ZoneAlarm started showing a "Global Virus Alert" popup as a scareware tactic to get users to switch to their paid security suite. I was a user of the free ZoneAlarm for years at that point and I remember it happening.

It was a lie. Shock ad. I immediately uninstalled ZoneAlarm.

The articles amounted to to no more than shock advertisements for Dutchie. Point of Banking systems are not getting shut down. December 2021, "Visa" issued the same warning and some sort of publication .... and nothing happened. What DID happen is that Visa got a little bit scared and did some audits, and did kick some processors off of their systems, the ones who weren't really being compliant.
https://www.americanbanker.com/artic...-atm-crackdown

If you read the last paragraphs in the Bloomberg article: "DUTCHIE TO THE RESCUE!"

So what's the alternative? PIN debit! Of course, switch to Dutchie and integrate their own system!

So what happens when/if PIN debit goes down? Are they also untouchable? Since PIN debit goes on the Visa/MC rails, and not the Debit rails like POB, it's technically less compliant.

Which means if you're running PIN Debit and it gets shut down... you go on TMF/MATCH lists.

If you run on the debit rails (Point of Banking - Cashless ATM - POB), that doesn't happen. It's never happened and it won't.

If someone IS experiencing outages, then you are likely using the wrong provider for your POB system. I work with a fantastic POB solution that last week said "Don't fight it-embrace it" and integrated PIN Debit as another double redundancy feature.

I'm happy to work with brokers who are interested in learning more.

[abfunders]

Visa Warning Rattles Cannabis Industry




https://www.greenmarketreport.com/vi...abis-industry/

This "warning" was NOT issued by Visa, it was issued by Dutchie and PIN Debit competitors. This was last year and NOTHING happened. ZERO. Scareware.

[Yankeeman07]

This "warning" was NOT issued by Visa, it was issued by Dutchie and PIN Debit competitors. This was last year and NOTHING happened. ZERO. Scareware.

You are missing the point - A Branded Card (Visa-MasterCard-Discover-Amex) cannot be used to purchase any Illegal Product-Service.

While Visa & MC do not clearly reference Cannabis - since it continues to be Federally Illegal it is a BRAM Violation - BRAM (Business Risk Assessment and Mitigation) violation and ineligible for Mastercard & Visa Processing.

Amex specifically states that Cannabis is a Prohibited Product on page 66 of their Merchant Operating Agreement

[BR-Nightmare]

You are missing the point - A Branded Card (Visa-MasterCard-Discover-Amex) cannot be used to purchase any Illegal Product-Service.

While Visa & MC do not clearly reference Cannabis - since it continues to be Federally Illegal it is a BRAM Violation - BRAM (Business Risk Assessment and Mitigation) violation and ineligible for Mastercard & Visa Processing.

Amex specifically states that Cannabis is a Prohibited Product on page 66 of their Merchant Operating Agreement

Can we use that Genie card?

[abfunders]

You are missing the point - A Branded Card (Visa-MasterCard-Discover-Amex) cannot be used to purchase any Illegal Product-Service.

While Visa & MC do not clearly reference Cannabis - since it continues to be Federally Illegal it is a BRAM Violation - BRAM (Business Risk Assessment and Mitigation) violation and ineligible for Mastercard & Visa Processing.

Amex specifically states that Cannabis is a Prohibited Product on page 66 of their Merchant Operating Agreement

MY point is that there is such a thing as compliance in the industry whether you like it or not. And if you can't beat it, join it. (The GOP failed at encouraging mail-in ballots for their voters, and see what happened?) Nobody's adopting Genie so long as there's a compliant way (on the debit rails at least) to do the processing with a POB cashless ATM.

[Yankeeman07]

Can we use that Genie card?

Genie Cash Box Debit Card - Closed Loop Peer to Peer

[Yankeeman07]

MY point is that there is such a thing as compliance in the industry whether you like it or not. And if you can't beat it, join it. (The GOP failed at encouraging mail-in ballots for their voters, and see what happened?) Nobody's adopting Genie so long as there's a compliant way (on the debit rails at least) to do the processing with a POB cashless ATM.

POB Cashless ATM are not compliant - they are in place - BUT operators are constantly seeking new banks to connect their networks.

So far, only a few large processors have gone to prison, the writing merchant that falsifies the application and the merchant that signs that application,
nothing more than losing their merchant account.

Questions I always ask when I'm approached with the newest "Compliant Payment System" who is the Acquiring-Sponsoring Bank
and under what MCC are you Boarding Cannabis.

No one will ever provide that answer -

[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]

According to Law360, Eaze was tried on FRAUD:
Some of the MCCs/categories listed for the transactions included freight carrier trucking, clock jewelry watch and silverware, stenographic services, department stores, music stores/pianos, and cosmetic stores.

For a cashless ATM, there is no MCC, because it's run through the debit rails. There's no such thing as an MCC.
For PIN Debit, the MCC is generally something like 5912 (drug store or similar) and it's definitely less compliant, but a lot of people are doing it.

[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.

[abfunders]

Dave, you don't read. The branded card networks are DIFFERENT than the debit rails! Yes, PIN debit is not really so compliant, I didn't deny that. Keep in mind - there IS no MCC for cannabis! So they use the closest they can get (definitely not jewelry). However, cashless ATMs are not illegal and not forbidden by their use of service, since technically they're just paying cash and it's hard to outlaw cash - the trick is to just connect to their CRM and make it faster and transfer funds via ACH. You can construe them as illegal, but they haven't been. And millions of dollars daily is transferred using it, but they haven't been shut down (unlike Eaze). PIN Debit is probably a sitting duck, but Dutchie (one of the biggest providers out there) pushes it as their solution.

If you think about it, transferring via ACH should also be illegal because it's using the federal government's system to buy cannabis.