Getting a Merchant Account, accepting credit cards, and payment processing, in general, has been a significant challenge for those retailers in the cannabis industry for a variety of reasons.
Banks and processors have been slow to adapt to new legislation and laws that have allowed the legal sale of cannabis products in Canada and some states in the United States. We are proud to announce that Helcim is now able to provide our great payment solutions to businesses in the cannabis industry. That’s good news if you’re a cannabis retailer because you can now become a Helcim merchant and benefit from:
- Great Low Rates – Helcim is not a high-risk processor so we can offer the same great rates we offer the rest of our merchants
- Interchange Plus Pricing – The most honest and transparent pricing model in the business
- No Contract Cancelation Fees – We want you to stay because you want to stay
- Our Rate Lock Guarantee – We guarantee our Cost+ margin will not increase for the lifetime of your account
- Our Exceptional Customer Service – Our Helcim Gurus are constantly garnering praise for their dedication to transparency, customer education, and providing customer service that is a step above
- Helcim Commerce – Our fully-included, powerful all-in-one merchant platform which has product inventory management and tracking, integrated Point-of-Sale software, customer management, and much more!
Helcim’s Offering for Cannabis Businesses in Canada
On October 17th, 2018, Canada introduced the Cannabis Act which effectively legalized the sale and possession of cannabis in Canada. This has resulted in hundreds of new retail locations and opportunities for merchants to branch into a new industry that was previously off-limits.
For Canadian cannabis retailers, because cannabis has been legalized at a federal level, Helcim is able to support licensed merchants who offer permitted cannabis/THC products and sell them in a retail environment (i.e. face-to-face). Merchants who are a part of the cannabis industry in Canada will need to be licensed according to the Cannabis Act to be able to submit an application to Helcim. This applies to all merchants who apply for an account, including those who are only selling CBD and hemp products.
If you are a merchant who offers CBD, hemp, or other related products please contact the Helcim Gurus for additional information. Please note that because this is a new industry, applications may take longer than usual to be reviewed and merchants may be required to provide additional information.
At this time, we are not able to provide merchant accounts to US retailers who sell cannabis, CBD, or THC related products, due to current US federal regulations.
Need to Accept Credit and Debit Cards?
If your business needs to accept credit cards in person, Helcim provides honest, transparent, and affordable credit card processing that stands out in an industry known for shady business practices and customer exploitation. Our Interchange Plus pricing is widely regarded as the most honest and affordable billing method in the industry and our customer service is consistently lauded as a step above. If you have any questions or would like a complimentary rate comparison, don't hesitate to contact our friendly team of Gurus.