Credit Card Solution
Our credit card processing solution evolves payment processing in the cannabis industry. Because of Federal regulations, licensed Marijuana Related Businesses (MRBs) operating in legal states have limited access to banking and are largely forced to run ‘cash only’ operations, or else jump through a variety of inconvenient hoops that seem sketchy at best. Our wallet solution, however, provides much needed relief to merchants through its cashless, closed-loop payment platform.
The solution is similar to how Amazon, PayPal, and Venmo do it where they’re the Merchant of Record. Here, the processor is the Merchant of Record, which means you don’t have any direct contract / contact with the credit card companies whatsoever. As the Merchant of Record, the processor simply allows you to process payments just as an Amazon seller processes payments through Amazon. So no hassles, hoops, or complications. As a result, the only thing customers have to do is pull out their credit cards and buy your products... just like they’re able to do everywhere else.
Funds in the Ecosystem
Here, the payment ‘ecosystem’ is comprised of a platform that’s seamlessly compatible with POS systems. In order to be part of the program, our customers first go through an application process to ensure that only properly licensed merchants — in good standing with their state — are approved for participation.
The system uses blockchain technology for its inherent security and record-keeping capabilities. The funds in the ecosystem are backed by US dollars in a 1:1 ratio that are held in FDIC insured Trustee accounts. The funds from credit and debit sales simply get routed to these depository accounts, which in turn can be direct deposited into your personal bank account.
Compliance in the Ecosystem
Our wallet solution for credit card processing applies a higher standard of compliance during its KYC/AML on-boarding process than required by either the Bank Secrecy Act or state regulations.
In fact, our compliance policies from OFAC list screening to cybersecurity have been thoughtfully applied to maintain the integrity of the ecosystem and performed by our licensed third-party security and investigations partners.
Payment System Highlights
major credit card brands
FDIC-insured
average ticket
sales by 20%+
Budtenders
less than 0.015%
application fees
Platform Highlights
2,800 dispensaries,
nation-wide,
ZERO interruptions.
licensed cannabis
businesses compliant
in their state.
costs by passing
fees to customers,
of your choosing.
Pin-debit Solution
Terminals
Dejavoo QD2 Wireless (Credit)
- 4G, WiFi, Bluetooth
- 5.5” Touch Screen
- E SIM world coverage
- 7.4V - 2600mAh Battery
- All-in-One DejaPayPro
Dejavoo QD4 Desktop (Credit)
- Quad-Core @ 1.1GHz
- Ethernet, WiFi, USB
- Large Touch Screen
- 50 ft. Paper Rolls