Cannabis Banking & Payment Processing Solutions

Between local and federal regulations handling monetary transactions poses a challenge for cannabis businesses. For this reason, banking and payment processing solutions have proven a blessing for entrepreneurs. This Ganjapreneur directory compiles the companies implementing these solutions. Check out cannabis payment processors and banking solutions below:

Featured Listings:

Evergreen Gateway

Evergreen Gateway is a cannabis banking and merchant services company. We think differently than conventional credit card processing companies due to our history of handling high-risk accounts. We are experts in the field of alternative payment options, merchant accounts, and banking. Our mission and vision are to provide needed customer support services to the cannabis industry within these areas.

Zodaka

Zodaka is the easiest, safest, most reliable cannabis payment system on the market. Our software (built as an API for easy integration) operates via a direct bank-to-bank transfer system which is regulated like cash at the federal level. Zodaka processes entirely domestically without the rolling reserves, high fees, and risk of shutdown that affect the rest of the industry. Merchants can on-board in 1-2 days, customers in 1-2 minutes. We also offer a full banking network!

PayQwick, Inc.

PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.

Hypur

Based in Scottsdale, Arizona, Hypur provides technology that helps financial institutions serve the cannabis industry by filling the gaps between traditional banking systems and the unique regulatory demands of these businesses. Hypur also offers electronic payment solutions for the cannabis industry, helping eliminate large amounts of cash from communities. For more information, please visit Hypur.com.

Dama Financial

Dama Financial®, as an agent of its U.S.-based bank partners, provides cannabis-related businesses access to a secure, transparent banking solution.

With a Dama-managed bank account, cannabis businesses can minimize the safety risk of keeping large amounts of cash on hand, and enjoy the conveniences of online banking services for a reliable, efficient way to manage business transactions. Dama® Clients can secure their cash, make and receive electronic payments and enjoy a transparent relationship without concern their account may be shut down due to being a cannabis business. Deposits are held at an FDIC-insured, U.S.-based bank. For more information or to apply, visit DamaFinancial.com or call 877-401-3262.

Alpha Merchant Bank

Domestic CBD payment processing at 3.95% with no reserve. No minimum, maximum setup or termination fee. Receive an FDIC business bank account; daily payouts.