Accept Credit Cards Online for your Marijuana Business

marijuana merchant facilitiesLet’s accept, right up front, that most of the big credit/debit card companies are likely to offer you the facilities to accept credit cards online for your marijuana business.

They refuse these facilities to ‘illegal businesses’ and, at a federal level, selling, possessing, or using weed is still illegal. There are numerous horror stories abound marijuana related businesses whose merchant accounts have been closed, very often with no notice, because the lending bank has had a change of policy.

However, all is not lost. There are specific marijuana merchant facilities on offer. However, you will need to become PCI Compliant.

Please fill in this form on setting up merchant facilities for your marijuana business. Our broker will get in contact with you, there is no charge for this service.

PCI Compliance for Medical Marijuana Dispensaries

The Payment Card Industry Security Standards Council, or PCI SSC was launched in 2006; it is a global organization that was set up to develop and maintain security standards allied to the card payment industry.

In order to become PCI Compliant you will need to fill out an online PCI merchants self-assessment form. The assurances asked of you by the PCI are not complicated, they simply want to know that you will:

  • Set up and maintain a secure network that is PCI compliant
  • Protect all cardholder data
  • Maintain a vulnerability management program
  • Arrange strong access control measures
  • Implement regular monitoring and testing of your networks using an approved scanning vendor (ASV)
  • Implement and keep up with an information security policy

Abiding by these guidelines will not provide security, though, it is just a reputation-enhancing tool when all is said and done. You will still be responsible for the security of your marijuana business.

The following is an excerpt from our post, Running a Medical Marijuana Dispensary

  • All dispensaries should invest in high security, and should have at least three of the following security measures: day/night security cameras on backup generators; steel doors or solid wood doors with deadbolts; silent alarms at numerous easily accessible locations; pepper spray or a self-defense only form of equipment; bullet-proof glass.
  • No weapons should ever be allowed in dispensary premises unless carried by law enforcement or an officially licensed armored vehicle service. This includes any type of knife longer than that found on nail clippers. If a patient brings a weapon into a dispensary for any reason the police should be notified.
  • Patients should be seen on an appointment only basis and there should be no more than three patients per employee on the premises at any one time.
  • There should be no advertisements on the building suggesting that marijuana is in the store.

If you are serious about opening up a medical marijuana dispensary, I would recommend buying this “How to Open a Marijuana Dispensary Guide“.

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Comments

  1. PCI certification (actually you are talking about PA-DSS validation) is not enough. Dispensories are on the card industry ‘Prohibitied List’.

    No US-Based bank will unerwrite the account. The only way to get credit card processing is thru an off-shore bank at very high transaction and processing costs. I have a product that is listed in the PA-DSS Validated payment systems on the PCI org site and cannot get a US Bank to touch this business.

    My advice – install an ATM next to the counter and accept Cash Only. Not only resolves most of the issues but also reduces the transactions costs and PCI/PA-DSS issues.

  2. If any clinic owner wants to have cash advance immediately for his business, we can help.Our approval rate is 95% and we don’t need personal guarantee,collateral and even bad credit is okay. Whether the business owner/clinic/dispensary accepts major credit cards or not, we have a VERY SPECIAL PROGRAM designed for Marijuana Clinics where all most all qualify.

    We are direct lender and have our own $100 million dollars fund to lend.We are located at the heart of financial district of Manhattan, New York.Visit our office with appointment at any business hours.

    For further Inquiry, please Call : Alan 1-347-821-5231 ext.1563 or email: mrahman@myfactorfunding.com

  3. I have seen marijuana do wonders for those who suffer from nausea. I predict that marijuana will be use as a medication for withdraw symptoms for those detoxing from other physically dependent drugs.

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