Following its initial public offering (IPO), luxury fashion retailer Farfetch announced that it â€” along with a shareholder â€” sold 44.2 million shares at a price of $20 each. That is above the $17 to $19 range at which the firm had advertised the shares, Bloomberg reported. The news comes as FarfetchÂ announced in August that […]
To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. However, they are also turning to their own stand-alone locations for larger spaces. Rent the Runway, in particular, is opening a 2,600-square-foot store in San Francisco after outgrowing its 1,800-square-foot space inside of a Nieman Marcus store in the […]
Just under last yearâ€™s record $9.1 billion in Halloween spending, the National Retail Federationâ€™s (NRF’s) annual survey projects spending for the occasion will reach $9 billion this year. In addition, celebrants are expected to spend $86.79 on average this year, which is slightly higher than $86.13 last year, the federation said in an announcement. â€œThe […]
Shopping for apparel online is tricky in any case, and shopping for accessories can be particularly taxing because, while one can get a fine feel for the look of a piece, the actual fit is something quite difficult to discernÂ â€” as looking at an image of an object doesn’t quite tell its scale. Hence, the […]
The airport gate can be a point of frustration for travelers waiting to board a delayed flight â€” or, worse yet, the destination of a frantic last-minute run before the jetway closes. For those kinds of reasons, the gate can also be an ideal market for delivery. To serve hungry travelers waiting to board their […]
Circadian Funding is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th! REGISTER FOR THE EVENT HERE Check out photos from deBanked’s past CONNECT event in Miami
RDM Capital Funding is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th! REGISTER FOR THE EVENT HERE Check out photos from deBanked’s past CONNECT event in Miami
Title: CEO of Small Business Lending Source. A one-man shop with one full-time assistant and another assistant in San Diego, California. Years in the industry: 5 How he got into the industry: Iâ€™ve always been an entrepreneur and I had a business that was going downhill. [In 2013,] I had a friend that was doing […]
1st Global Capital owner Carl Ruderman denied that his company was a ponzi scheme during a videotaped deposition with the SEC late last month. He invoked the fifth amendment to followup questions regarding the use of investor funds to pay old investors, operating expenses, and himself. Q. Was 1 Global Capital a Ponzi scheme? A. […]
For CAN Capital, the power is coming back to Kennesaw, GA. Gary Johnson, CAN’s Executive Chairman, said â€œToday, CAN Capital announced it will be moving its finance and executive functions from New York to Kennesaw. The board believes this move will position CAN for increased efficiency and faster decision making as it continues to meet […]
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.