Crypto hubs are creating digital currencies to bolster local commerce within cities: Tel Aviv, for instance, is distributing cryptocurrency in an experimental rewards program. Customers who make purchases through an app from Colu designed to support local payments at businesses will get 25 coins in crypto â€” with a value of approximately $7 â€” after […]
A popular interior design startup in India, Livspace, has received an investment from Ingka Investments, the venture capital arm of IKEA, according to reports. Â Last year, Livspace secured investments from Goldman Sachs and TPG Growth, among others. The company acts as an all inclusive interior design service that wants to take the hassle out […]
Czech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education and transportation, according to a report by Reuters. On Monday (May 20), the Czech Banking Association said it welcomed the proposal, and Babis said big banks in the country have agreed in principle […]
Some changes, advances and adjustments are expected â€“ they are clearly part of a long-term strategy playing out, or an obviously useful pivot that expands what a brand can do. And then there are changes that no one could have foreseen, because â€œpivotâ€� doesnâ€™t quite cover it â€“ in fact,Â â€œ180-degree turnâ€� doesnâ€™t quite cover it. […]
Auth0, an Identity-as-a-Service company, announced Monday (May 20) that it closed a $103 million venture funding round. In a press release, Auth0 said the Series E round of funding was led by Sapphire Ventures. Other investors to participate include existing investors Bessemer Venture Partners, K9 Ventures, Trinity Ventures, Meritech Capital and World Innovation Lab. Auth0 […]
Phil Dushey, President, Global Financial Services â€œWeâ€™re still getting resids from a company 14 years later.â€� Thatâ€™s what Phil Dushey said about a factoring client he has at Global Financial Services, a New York-based financial brokerage firm he founded. He was speaking at deBankedâ€™s â€œBroker Fairâ€� to a room filled mostly with MCA brokers. Years […]
Left: Latin Financial CEO Sonia Alvelo receives the Entrepreneur of the Year Award from Connecticut Secretary of State Denise Merrill Sonia Alvelo, CEO of Newington, CT-based Latin Financial LLC, has been awarded Entrepreneur of The Year by the Latinas & Power Symposium. The event, incubated in Hartford, Connecticut in 2004, is the largest of its […]
Blue Elephant Financing, LLC is seeking an injunction and a temporary restraining order against Itria Ventures, LLC (a subsidiary of Biz2Credit) and New York City Marshal Stephen Biegel, according to court records. In February, Itria Ventures entered a confession of judgment in Kings County, New York against an out-of-state small business. Itria Ventures is a […]
Above: Will Murphy, Everlasting Capital When it comes to hiring, itâ€™s quality over quantity. Thatâ€™s what the co-founders of Everlasting Capital Josh Feinberg and Will Murphy told a packed room at deBankedâ€™s Broker Fair last week. They presented a panel called â€œHow to Scale Your Broker Shop,â€� where they shared tips on how to do […]
The Court House at George Town in Grand Cayman The Receiver for Direct Lending Investments is racing against the clock to protect and preserve the assets of the Cayman Islands-based vehicle used to receive foreign investments, US court records show. The commencement of a voluntary liquidation of the Cayman-entity is required before the deadline to […]
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.