Cashless ATM

Currently there is no solution for accepting credit cards for ANY business involved in the direct sale of marijuana. However, MMA has a comparable option which allows your customers to spend more money on your products.

A Cashless ATM or Point of Banking Terminals works similar to an ATMs except instead of withdrawing cash, a electronic transfer is initiated and funds are deposited directly into any bank account. As an additional plus transactions can be ran in $5.00 increments.

Most major Bank/ATM Cards and Credit Cards using pin numbers are accepted.

This is how the process works:

  1. First, the merchant slides the customer’s card through the terminal.
  2. Second select which account to withdraw funds (checking, savings or credit).
  3. The customer enters their PIN# on the pin pad.
  4. The merchant enters the amount of the transaction (in $5.00 increment) and asks the customer to agree to the $2.00 convenience fee.
  5. The terminal connects to the ACH network and validates the transaction in a matter of seconds just like a regular credit card transaction.
  6. Finally, our Cashless ATM Terminal will  print out two receipts; one for the customer and a copy for the Merchant.

Cashless ATM Program Details

  • No Startup Cost
  • No Cost to Merchant
  • Funds Deposited in 24-48 Hours
  • Online Reporting