Washington Department of Financial Institutions Lists Bankcard International Group's PIN Debit Payment Services for Cannabis Dispensaries

Press Release • updated: Nov 3, 2022
Bankcard International Group proudly announces that their cannabis PIN Debit payment services have been listed by the Washington State DFI, expanding their presence as the gold standard in compliant cannabis payment processing.

VANCOUVER, Wash., September 15, 2022 (Newswire.com) - Bankcard International Group (B.I.G.), a leading provider of cannabis merchant accounts for payment processing, announced that its services are now listed on the Washington State Department of Financial Institutions provider page. Traditionally, cannabis businesses have had to use "workaround" solutions for electronic payments or accept cash only. B.I.G. offers retailers in Washington, and any state where cannabis is legal, the opportunity to accept PIN Debit card payments just like traditional retail businesses.

"We are thrilled that dispensaries in Washington recognize the need for payment solution oversight and that we are now listed as a cannabis payment service provider in the State of Washington. By offering a traditional debit-card payment option, we are paving the way for safer, more compliant, and more productive business," said Brett Taylor, CEO, B.I.G.

B.I.G. offers cannabis merchant accounts for PIN Debit payment processing, not cashless ATMs. Meaning, customers can purchase their products without the need to go to the ATM, sign up for a payment sending service, or carry cash. They simply insert their debit card, enter their PIN, and walk away - just like going to the grocery store. Until there is federal guidance, the major card brands still prohibit the use of credit cards for cannabis. However, many of the debit networks feel differently so long as strict compliance and reporting standards are maintained.

Joe Zahaitis, President, B.I.G. remarks, "We are very excited about this opportunity in Washington State, further expanding our presence as a leader in legitimate cannabis processing around the country. We look forward to talking to new cannabis clients every day and welcome dispensaries in Washington State to the gold standard in compliant cannabis payments."

While the rapidly growing cannabis industry continues to struggle with access to traditional services, PIN Debit payments are a significant step forward for cannabis retailers and delivery services.

Nick Bendge, owner, Sparket Cannabis Market in Port Angeles, Washington, says: "… Using B.I.G.'s processing system, we have increased our average daily spend (ADS) compared with cash transactions, alleviated stress by having significantly less cash on premise and know that any issues that may arise will be quickly resolved with their great customer assistance ..." about B.I.G.'s PIN Debit services.

Benefits of PIN Debit Payments for cannabis retailers include:

  1. Fast transactions for the exact dollar amount.
  2. Increasing safety by reducing the amount of cash on hand and in transport.
  3. Increased sales volume when compared to cash.
  4. Accurate DBA information on receipts and customer statements.

Bankcard International Group is a team of experts in payment processing for high-risk and highly regulated industries. They have over 12 years of cannabis industry experience focusing on pushing the industry forward with compliant and sustainable payment services. The executive team includes former national/international merchant services managers for major banking platforms, CAMS (Certified Anti Money Laundering) specialists, Banking Executives, POS experts, and payments professionals. Learn more www.bankcardinternationalgroup.com

Contact:

cs@bighqs.com 

300 West 15th Street, Suite 310

Vancouver, WA 98660

1-800-895-1580

Source: Bankcard International Group

Tags

About Bankcard International Group

Bankcard International Group provides high risk payment processing the way it should be - Dependable, Legitimate, and Service Oriented. B.I.G. was created by a group of like minded individuals who believe that every legal business deserves respectful service and services designed to help them succeed.

Our team has have over 12 years of cannabis industry experience focusing on pushing the industry forward with compliant and sustainable payment services. The executive team includes former national/international merchant services managers for major banking platforms, CAMS (Certified Anti Money Laundering) specialists, Banking Executives, POS experts, and payments professionals. .

The B.I.G. team is here to provide just about any business with Legitimate, Affordable, and Dependable payment processing and we combine it with the ethical and professional service you deserve. We believe that establishing long term relationships based in mutual trust and respect will benefit our clients and we will grow together.

Our Experience
High Risk experience is the difference. Each member of our team has worked in the high risk merchant services industry for at least a decade. We have used our collective experience and connections to pull together the most dependable banks, processors, and services both domestically and internationally.

In our decades providing high risk merchant services we have navigated nearly every type of situation and business type. We use those collective experiences to help your business succeed.

We stand behind the B.I.G. Promise not as a marketing tool but as a company culture with a focus on building long term relationships and trust to help our clients succeed. High risk merchant services requires a level of expertise and diligence that not many offices can offer. Our clients love the BIG difference.

We are the best at what we do and think your business will appreciate our approach to high risk merchant services.

www.bankcardinternationalgroup.com
Bankcard International Group
300 West 15th Street , #Suite 310
Vancouver, Washington
98660