Itâ€™s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps. Theyâ€™re just a few basic rules of thumb for small business owners to help […]
Pop quiz: When you read the words â€œmost popular Airbnb listing in history,â€�Â what is the first thought that pops into your mind? Maybe something painfully hip and urban â€“ aÂ Manhattan penthouse,Â Brooklyn brownstoneÂ or aÂ San Francisco loft. Or perhaps your first thought was something really exotic â€“ a home carved from white alabasterÂ in Santorini or anÂ unbelievably luxurious […]
With few, if any, signs that Mark Zuckerberg had made new â€œfriendsâ€� to help the firm deal with multiple probes, the Facebook chief executive concluded three days of discussions with movers and shakers in Washington, D.C. Zuckerberg, however, garnered some praise for agreeing to long discussions behind closed doors with a bevy of lawmakers and […]
Youâ€™d be forgiven for thinking that the WeWork IPO â€“ rather, the shelving of that IPO, at least for now â€“ heralds the end of rich valuations for firms viewed as entrenched in the early stages of disruption. But the news this week that Stripe had raised $250 million, bringing the payments firm to a […]
Under its challenges of moving to smartwatches from fitness trackers, Fitbit has reportedly been in discussions with an investment bank surrounding the possibility of looking into a sale. The company is said to have had difficulty getting a foothold in the category of smartwatches as Samsung Electronics Co and Apple Inc. have cornered a greater […]
deBanked CONNECT San Diego, which kicks off on October 24th at the Hard Rock Hotel, is fast approaching. Discounted hotel rooms through deBanked’s special link will only remain available until Monday at 5pm. Even if you were planning to book later and pay full price, the hotel has informed us that they are almost entirely […]
MARICOPA, Arizona, September 20, 2019— Nationwide Management Services Inc. (NMSI) announced two new features have been added to its Virtual Site Inspection Software that will change the merchant cash advance and small business lending industries. NMSIâ€™s new features are Pinch to Zoom/Remote Synchronized Zoom and Text Extract using OCR (Optical Character Recognition). With Pinch to […]
Knocking on the door of a lake-view house in Edinburg, NY last week, reporters from both the Times Union and Daily Mail were met with pleas from a woman to leave her property and notice that she would call 911 if they continued. This week the FBI come knocking instead. The woman is assumed to […]
Another individual has been criminally charged in connection with the 1 Global Capital securities case. 74-year-old Jan Douglas Atlas, a securities attorney, was charged with 1 count of securities fraud by the US Attorney in South Florida on Tuesday for authoring opinion letters in 2016 that falsely described that the investments were not securities nor […]
Zero Fee Commerce is introducing a bank sponsored payment service for the cannabis industry.
Cannabis businesses may now open merchant accounts to accept PIN debit cards.
Zero Fee Commerce is leading the way by offering this service nationally in the United States and Canada.
What the Zero Fee Commerce solution offers:
A Bank Sponsored Merchant Account
Payment Service for PIN Debit Transactions
A Surcharge may be Recovered in Dollar Increments
On-Line Reporting and Statements
API Integration into POS Software and Seed to Sale Software
Wireless Processing for Delivery and Mobile Business
For years, to accept credit cards, cannabis businesses “merchant account hopped”, or set up less desirable payment options. Cannabis shops would set up merchant accounts in another businesses name. This could result in bank fines and being placed on a “terminated merchant list”, which is not a viable solution. Cannabis shops could use ATM machines or point of banking terminals, (many of which are not bank sponsored). Additionally, ATM machines are expensive and have the additionally large task of managing cash.
There have also been alternative payment options such as offshore processing accounts and online wallet accounts which use an aggregating type of solution whereby a 3rd party re-sends funds to make deposits. These solutions also have one thing missing. They do not use a sponsoring bank to process the wires or ACH transactions. Many times, the 3rd party aggregation is not informing their sponsoring bank about the nature of these transactions.
Zero Fee Commerce merchant account has none of these issues. Zero Fee accomplishes this by processing only debit card payments which utilize debit networks, and avoid processing through the Visa and MasterCard and American Express networks. This allows the sponsoring bank and the businesses utilizing Zero Fee’s solution to avoid the regulations imposed by card associations.
Improve your customer experience with Zero Fee’s bank approved merchant account. Process transactions securely and avoid liability. Contact Zero Fee Commence today to establish an account.