WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Revenue Saturday, August 24, 2019 
Add Press Release News | News Feeds Feeds | Email This News Email


Greenery Map Teams up with PayHouse Solutions to Offer Merchant and Bank Account Services for Cannabis Industry Businesses
Wednesday, August 14, 2019

LAS VEGAS, Aug. 14, 2019 /PRNewswire/ -- Greenery Map, the world's first and only cannabis search engine to allow users to search for cannabis products based on their desired mood, medicinal use, and method of consumption, has teamed up with PayHouse Consulting Group to offer merchant and bank account services to Cannabis businesses. The first of its kind, this partnership allows dispensaries the opportunity to legally accept credit card payments without the need for workarounds, and it offers all Cannabis businesses, from growers to dispensaries, the ability to streamline their finances and reduce the need for cash on hand.

PayHouse offers several banking options for Cannabis businesses through their private banking network, Safebank. The Safebank network is comprised of numerous partners who comply with rigorous standards to ensure that at-risk business' money is kept safely and securely. These standards include BSA Compliance, FinCEN requirements, AML, Cole Memo, SARs, and Know-Your-Customer (KYC) due diligence. Greenery Map member businesses have the opportunity to create these accounts and work with a PayHouse specialist for assistance in transitioning from a cash-only operation to a safe and secure next-level business. With an integration to the business' POS or seed-to-sale system, currency transactions are monitored daily, allowing growers and dispensaries alike to track and monitor all transactions and to pay bills and run payroll electronically.

Through the Greenery Map and PayHouse partnership, dispensaries, growers, and other Cannabis businesses have the opportunity to open a merchant account at a competitive rate, allowing Cannabis transactions to be completed just like any other purchase. Transactions are completely safe and legal, without the need for in-store value cards or any other loopholes that are typically used. This offers the first long-term compliant solution across the industry, and will allow patrons to pay both in store and online. Traditionally, customers spend up to 40% more when paying with plastic than they would when they're confined to just the cash in their pockets, and opening a merchant account drastically reduces the need for business to keep cash on hand, thereby reducing risk of miscalculation and mishandling.

Beyond finances, Greenery Map fully integrates with a dispensary's API system to update in real-time and give consumers the most up to date information on dispensary stock for the item they are looking for. App users turn to Greenery Map to help them decide on the strain of Cannabis and product that is right for them depending on their desired mood or medicinal effect. Following the matching, consumers are given a detailed history and description of the strain so that they can make educated purchases, cutting down on time that budtenders need to spend with patrons and speeding up the purchase process. Consumers can then see all of the ways to purchase said product, including the nearby dispensaries that have it in stock, online options, and even delivery options through the Greenery Map app.

For more information, please visit: www.GreeneryMap.com and follow @GreeneryMap on social media.

About Greenery Map
Headquartered in Las Vegas, Greenery Map launched in 2018, giving marijuana consumers the quickest and easiest roadmap to finding their perfect strain. Instead of searching the typical marijuana databases with thousands of strains, Greenery Map gives the consumer the power to dictate exactly what they are looking for. By inputting consumption method, mood desired and medicinal need into the search engine, anyone from the novice, to the amateur and the connoisseur can find the strain that perfectly suits their need, and the dispensaries that carry it, all in one place. For more information, please visit: www.GreeneryMap.com and follow @GreeneryMap.

View original content to download multimedia:http://www.prnewswire.com/news-releases/greenery-map-teams-up-with-payhouse-solutions-to-offer-merchant-and-bank-account-services-for-cannabis-industry-businesses-300901826.html

SOURCE Greenery Map



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Book Presents Narratives About Unique Hunting and Fishing Experiences Around the World | Aug 23, 2019
Nav Retired Physician Explores the Effect of Government on Medical Progress Throughout History | Aug 23, 2019
Nav New Translations of Ancient Hippocratic Documents Offer Insight into the History of Western Medicine | Aug 23, 2019
Nav Retired Physician Explores the Negative Effects of an Egalitarian Society on Medical Advancement | Aug 23, 2019
Nav Global $28.2 Billion ATM Market Analysis & Forecasts to 2024 by Solution, Screen Size, Application, ATM Type, Region | Aug 23, 2019
Nav Fintech Abu Dhabi Announces New Tour Dates as its Search for Global Fintech Talent Continues | Aug 23, 2019
Nav Will you give your unwanted items a 'second life'? | Aug 22, 2019
Nav Crypto.com Lists Stratis (STRAT) | Aug 22, 2019
Nav NYNJA Group Reports Successful Listing of the NYNJA Coin (NYN) on the Bitmart Global Exchange | Aug 22, 2019
Nav Latin America and the Caribbean Credit Cards Market Report 2019-2023 | Aug 21, 2019
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News