The Highlights of Paybotic’s Cannabis Banking Program

If your startup chooses to enroll in Paybotic’s cannabis-friendly banking program, here are some of the services you can take advantage of:

Banking: Paybotic assists cannabis companies with processing payments, obtaining loans, and setting up a merchant bank account with a credible financial institution. By working with us, you can offer customers the ability to withdraw cash in your store, manage checks and online payments, and accept in-store payments in a hassle-free manner.

Compliance: The experts at Paybotic understand state and federal compliance requirements for legally operating your business, and our systems ensure your company is meeting those standards.

Taxation: Adhering to 280e federal filing requirements, the professionals at Paybotic ensure your company is accurately reporting tax submissions so that you can avoid any costly and unnecessary fines down the line.

Security: Working with Paybotic, you will never need to stress about security breaches on our end. Our secure gateway keeps all important company and customer information protected, leaving you to focus on running your business.

Solutions Paybotic Can Assist With

• Compliant, transparent business checking
• MasterCard/Visa/Amex/Discover merchant services
• Debit Processing for Cannabis
• eCheck/ ACH processing
• Cannabis eCommerce Payment processing
• Cash Advance for cannabis businesses

Benefits of Working with Paybotic

• Low monthly fees: Paybotic is transparent about any monthly fees that accompany its services, and we strive to keep those fees low so that our clients can use their income for the most important thing of all: their business.
• Quick setup & fast approvals: Setting up funding with Paybotic is a straightforward and simple process that won’t take much time or effort. Loans are approved in a timely fashion, often as soon as 48 hours after applications are submitted.
• Reliable and Secure: Paybotic understands the importance of finding a lender that is reliable and keeps your company data secure. Working with us, you will never have to stay up at night, worrying that your business is at risk.
• Superior customer service: The professionals at Paybotic have years of expertise working with high-risk businesses, and they are committed to gearing financial solutions toward your company’s specific needs.

Cannabis Companies We Work With

Paybotic works with a range of cannabis companies in the brick-and-mortar and e-commerce spaces, including:

• Retail cannabis dispensary
• Medical marijuana dispensary
• CBD/Hemp retail
• CBD/Hemp eCommerce site

Marijuana Banking Solutions: States We Service

Paybotic serves cannabis businesses wherever the substance has been legalized. The full list of states that are eligible for our marijuana banking solutions include:

420 Friendly Banks

• Alaska
• Arizona
• California
• Colorado
• Florida
• Illinois
• Maine
• Maryland
• Massachusetts
• Michigan
• Missouri
• Montana
• Nevada
• New Jersey
• Oklahoma
• Oregon
• South Dakota
• Vermont
• Washington
• West Virginia

Paybotic’s service locations may expand as cannabis becomes legal in more states.

If you believe Paybotic’s 420-friendly banking solutions can help streamline your cannabis company’s finances, contact us today or fill out the application form below to get started.

FAQs

Can cannabis companies have bank accounts?

Yes, cannabis businesses can have bank accounts, but currently choices are limited by legislation that make it risky for many banks to offer cannabis businesses banking services. Banks and businesses run the risk of getting shut down if they are dealing with cannabis businesses.

If you have questions about cannabis payment processing solutions, our team of experts will help you with your questions and connect you with the best partners to fulfill your cannabis payment processing needs. To learn more, fill out a contact form or call us at 844.471.2078. The Paybotic team would be happy to chat about solutions to support your cannabis dispensary success!

What are the benefits of Paybotic’s Cannabis Banking Program?

Some benefits of Paybotic’s Cannabis Banking Program include assistance with payment processing solutions, obtaining loans, and setting up a merchant account with a credible financial institution. With Paybotic’s services, your customers can withdraw cash, manage checks and online payments in your dispensary. Paybotic also ensures your cannabis business is reporting accurate tax submissions so that you remain compliant.

If you have questions about Paybotic’s cannabis banking program, our team of experts will be happy to answer your questions. To learn more, fill out a contact form or call us at 844.471.2078. The Paybotic team would be happy to chat about solutions to support your cannabis dispensary success!

What cannabis banking solutions does Paybotic offer?

Paybotic offers a wide range of solutions that include, debit card processing, eCheck/ACH, eCommerce payment processing. They are convenient, secure and compliant. Using a variety of payment processing methods increases your revenue, and Paybotic offers advising about the best solutions for your cannabis business.

If you have questions about cannabis payment processing solutions, our team of experts will help you with your questions and connect you with the best partners to fulfill your cannabis payment processing needs. To learn more, fill out a contact form or call us at 844.471.2078. The Paybotic team would be happy to chat about solutions to support your cannabis dispensary success!

Can Paybotic offer my cannabis business banking solutions?

Paybotic serves many high risk businesses such as those who sell CBD, kratom, and cannabis and cannabis consumption accessories. Services include compliant transparent business checking, cash depository, credit card services, debit processing for cannabis eCheck/ACH processing, and cash advances for cannabis businesses. Planning your cannabis business banking solutions prepares your business for a broader and more complex range of services they will be needed once cannabis is federally legalized.

If you have questions about cannabis payment processing solutions, our team of experts will help you with your questions. To learn more, fill out a contact form or call us at 844.471.2078. The Paybotic team would be happy to chat about solutions to support your cannabis dispensary success!