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Satabank Freeze in Malta Shows Perils of High Risk Global Credit Card Processing

Satabank Freeze in Malta Shows Perils of High Risk Global Credit Card Processing

We’ve had our suspicions that global credit card processing for high risk businesses is slowly becoming more difficult, with banks increasingly firming up KYC requirements and digging deeper into merchant processing histories. Acquiring banks’ collective tolerance for risk simply isn’t what it used to be. We recently read several news items regarding the freeze of…

4 Movements Pushing for Legitimate Cannabis Banking Services

4 Movements Pushing for Legitimate Cannabis Banking Services

Having traveled to the MJBizCon 2018 tradeshow and convention in Las Vegas recently, arguably the most pressing issue was the dire need for proper cannabis banking services and resources, like any other legal and legitimate business. It is well known that most legal cannabis dispensaries are relegated to straight cash payments, since any U.S. banks…

Why dispensary merchant accounts are a matter of ‘when,’ not ‘if’

Why dispensary merchant accounts are a matter of ‘when,’ not ‘if’

It was difficult not to be optimistic about the possibilities for cannabis payments at MJBizCon 2018 in Las Vegas two weeks ago, particularly for merchant services providers anxious for the opportunity to offer dispensary merchant accounts. Recent events indicate the U.S. is moving (albeit slowly) in the same direction as Canada as far as legalization…

Here’s why The STATES Act needs to pass, not just for cannabis payment processors…for everyone

Here’s why The STATES Act needs to pass, not just for cannabis payment processors…for everyone

It’s a frustrating time for cannabis payment processors. We were among several at the Marijuana Business MJBizCon expo two weeks in Las Vegas. But it is also a very, very exciting time for those who wish to process payments for cannabis businesses, especially here in New England where Massachusetts (the home of several Instabill staffers)…

Cannabis Merchant Services Could Happen Soon in These 4 Nations

Cannabis Merchant Services Could Happen Soon in These 4 Nations

It’s been one month since Canada has legalized cannabis for recreational use and cannabis merchant services are in full effect. It is so wildly popular that dispensaries — medical and recreational — can’t meet the demand. Consumers are paying for product via credit card, debit card, and of course, cash. Other than the shortage of…