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In 2024, the cannabis industry faced unique payment processing challenges, primarily due to its complex relationship with federal laws. Despite the growing acceptance and legalization of cannabis at the state level, federal laws continue to restrict the use of traditional banking and electronic payments. This situation demands innovative solutions to accommodate your payment needs while ensuring compliance with existing regulations.
Traditional electronic payments are often not an option for cannabis businesses due to the ongoing federal prohibition. Banks and mainstream financial institutions are governed by federal laws, which currently do not support the cannabis industry. This makes electronic payments a complex solution, pushing businesses to seek alternative methods that can legally and securely process transactions.
We would like to introduce BarterPay, a digital payment system we are introducing to our customers to provide an alternative payment method. BarterPay allows you to use your debit and/or credit card to process your payment.
View the video below to learn how to register.
The BarterPay system allows Customers the ability to purchase BarterPay Security Keys (BPSK) with a Credit Card and use them with Merchants that have agreed to accept the BPSK’s in a Barter Exchange Transaction for Goods and Services.
Fees: 5.95%+0.50 per order. Only available for Pick Up or Delivery orders at this time.
There are no refunds or exchanges using this payment method. If you have any issues with your order please do not cancel or dispute payment. Send an email to [email protected] or call us at 347-731-4005 and we will be more than happy to address any and all concerns.