Domestic Banks Have Stopped Providing Merchant Accounts to the Medical Marijuana Industry But We Have Solutions!
Medical Cannabis related industries have been denied banking and credit card processing services by the traditional banks due to the conflicts between state, federal, and international laws; however, CyoGate has legitimate payment solutions for the MMJ industry including both online and face-to-face payment options.
These solutions are ideal for medical cannabis dispensaries & collectives, delivery services, producers, retailers & distributors of CBD oil and paraphernalia, and other legal cannabis and hemp related industries.
Merchants must be legal businesses based in the USA or Canada to qualify.
For more information on CyoGate's MMJ payment solutions, please contact us today!
An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. A standard retail "swipe" merchant account does not allow processing of these "card-not-present" transactions.
If the domestic banks are denying your merchant application because they believe your industry is considered high risk, CyoGate can help! We have an offshore network of merchant processing partners that enable us to provide low cost, high risk merchant solutions to a much wider range of businesses and industries.
The CyoGate Internet Payment Gateway offers one of the quickest and most cost effective ways to accept and process credit card and electronic check payments online. Our payment gateway works with most existing merchant accounts and supports hundreds of popular web shopping carts and eCommerce platforms.