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For reasons due to federal law or for high chargeback environments, utilizing the advantages of accepting cards has been difficult and sometimes impossible for online CBD/Hemp and online Tobacco merchants. ALT-PAY has done the legal and industry research and due diligence to provide the safest and most cost-eff ective alternative processing solutions for this space.
Many retail oriented processors have signed cannabis merchants only to have them shut down 3-6 months later. The key is to fully disclose your products and have each of them approved during the approval process by our cannabis friendly banks.
An Online Tobacco/Vape merchant account is considered high risk by the card brands due to industry wide high chargeback ratios. A properly underwritten account is stable without worry of shut down and/or funds hold by the bank. Our accounts are fully disclosed and bank approved. This is what we do so no need to worry about the negative experiences of other merchants
All of your money is held in US banks. There is nothing held offshore with our cannabis merchant accounts.
Your customers will experience a seamless checkout. Merchants receive daily deposits. High volume/large ticket OK. No reserve required for almost all cannabis merchant accounts.
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Accept all credit cards, not just debit cards
Money is deposited into your U.S. based bank account - FDIC Insured
Regular Rates - No increase due to Risk Level
Sales are deposited next-day in your bank account
Month to month agreement
No reserve required
Talk to one of our payment experts so we can learn about your business and create a strategy for reducing your costs and provide you with the latest technology to meet your business's needs.
We'll show you exactly how much we can save you each month and what technology options you have.
Apply for your new merchant account and be approved in 24-48 hours.
Start accepting credit card payments from your customers, knowing you are paying the lowest fees possible.
You will receive your settlement as early as next business day directly deposited to your bank account.
You do not pay any credit card processing fees. However, there is a cost for the credit card terminal; $29.95/mo per location OR one time ACH for $295 plus tax.
Our application process is quick and simple. Approval is within the same day of submission of full application package. You will only need a valid cannabis business license, a valid government photo ID and a working bank account to get started.
For reasons due to federal law or for high chargeback environments, utilizing the advantages of accepting cards has been difficult and sometimes impossible for cannabis merchants and others. ALT-PAY has done the research and due diligence to provide the safest and most cost effective alternative processing solutions for this space.
Yes. Compliance is our top priority and when you partner with us, you can have the peace of mind knowing that we are constantly working to stay up to date with state and federal regulations to ensure our payment solutions always remain compliant.
"Alt-Pay is local and when I have called for support James and Jerry always answer the phone and assist in getting the question answered."
"Alt-Pay offered a one stop solution when it came to credit card processing and a point of sale system that helped organize my business. I can’t say enough about how helpful they were in training and checking on me to make sure everything was running smoothly."
Oklahoma's Premier Payments Provider.
Oklahoma's Premier Payments Provider.
