The U.S. Justice Department is investigating whether bitcoinâ€™s record-breaking performance last year was caused by market manipulation. Late last year, the value of a single bitcoin hit $9,143, climbing nearly six points in just 24 hours for a market capÂ north of $152 billion. According to a recentÂ report from Bloomberg, the DoJ is looking into whether […]
Targetâ€™s stock price slid sharply and suddenly when the firm announced its results for the third quarter, falling 9 percent as the retailer announced a somewhat mixed result for the quarter. Despite the largely so-so result, Target went into its call with investors looking to build enthusiasm for the holiday quarter by ensuring the retailer’s […]
Careem, the leading ride-sharing rival to Uber in the Middle East, is aiming to raise between $100 million and $200 million. According to a report in Reuters, citing a source with direct knowledge of the matter, Careem is aiming to raise the funding via Chinese investors, with investment bank China International Capital Corp. advising the […]
Bitcoin’s use as a form of commercial payments has declined during the year, at the same time that the digital token appears to be stabilizing. According to a report in Reuters, citing Chainalysis, the blockchain research firm, the value of bitcoin handled by payment processors declined close to 80 percent this year ending in September, […]
Amazon, the eCommerce giant, is reportedly making a bid for all of the 22 regional sports networks that Disney purchased as part of its Twenty-First Century Fox deal. CNBC, citing sources familiar with the matter, reported Amazon is teaming up with an unknown sovereign wealth fund and the Yankees to bid for the YES Network. […]
LendingClub announced today that it has funded $1 billion in CLUB Certificates, in just under a year since the company introduced the offering. According to its website, CLUB Certificates are â€œpass-through securities with CUSIP numbers backed by LendingClub prime or near prime personal loans.â€� What does this mean? LendingClub was unreachable at the time, but […]
Bankers Healthcare Group (BHG), which provides financing solutions to healthcare professionals, announced at the end of last week that it is expanding into small business lending with a new license to offer SBA loans through its wholly-owned subsidiary, FundEx Solutions Group. Fundex is now one of only 14 non-bank lenders in the country that offers […]
Above: Momentum Auto Group’s signature location as displayed in their facebook video commercial The $40 million merchant cash advance deal, a conglomerate of auto dealerships in California, that was facilitated by 1st Global Capital, hit an obstacle last week when six locations shut their doors without notice. deBanked had not previously revealed the name, but […]
The SEC is not impressed with 1st Global Capital’s attempt to dismiss the charges it stands accused of. Yesterday, the SEC filed opposition papers, writing “Having defrauded thousands of investors out of almost $300 million, Defendant Carl Ruderman now asks the Court to let him escape the consequences of his actions by dismissing the Amended […]
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.