Cannabis Merchant Account 2018-02-06T06:48:35-08:00
Zero Fee Commerce is a direct Visa® and MasterCard® credit card processor. We serve the payment needs for merchants and merchant associations. More
Zero Fee Commerce serves independent sales organizations. Our extensive knowledge, competitive pricing and cutting edge products equal more sales and higher margins for your sales office. More
Bankers know customers will do business with the financial institutions that can deliver the products they need. More

Get a Cash Advance for Your Business!

In today's economy, obtaining a small business loan can be a slow and difficult process.

Get In Touch

Phone: 800.928.2237

Fax: 858.866.4262

  • China Eases Growth Targets To Boost SMB Lending
    China’s regulators have revealed that the country will be moving away from setting sharp growth targets at its biggest banks, in an effort to increase lending to small businesses (SMBs). In the past, small businesses have been impacted more by the government’s efforts to reduce financial risk, with banks hesitant to lend money to these […]
  • Sis-id, Tradeshift Team Up Against Payments Fraud
    Fraud protection company Sis-id and supply chain and marketplace company Tradeshift announced on Wednesday (Nov. 13) a partnership to help with the risks and costs associated with payments fraud. The collaboration resulted in an app that’s available in the Tradeshift app store. The My Sis-id app combines a data analysis engine which lets businesses combine […]
  • LINE App, Yahoo Japan Plan Merger
    Yahoo site operators in Japan and messaging app LINE are looking to merge into a “super appâ€� that would combine retail, finance and a slew of other services, according to reports. Yahoo Japan is backed by SoftBank, which has a 45 percent stake in the company’s parent, Z Holdings. NAVER, a South Korean company, owns […]
  • McDonald’s Kiosks Useless To 8.4M Unbanked US Households
    Fast food giant McDonald’s is facing backlash over its push to install touch-screen kiosks in a majority of its stores, according to a report by Bloomberg. The kiosks don’t help the significant portion of McDonald’s customers who don’t have debit or credit cards, which is about 8.4 million of U.S. households. The kiosks are in […]
  • Goldman To Offer Shared Apple Cards For Families
    Goldman Sachs, in response to criticism that its algorithm for setting credit limits varies wildly between men and women, even if they are husband and wife (and the wife has a better credit score), said on Wednesday (Nov. 13) that it’s going to allow households to share an Apple Card credit line, according to a […]
  • Brian Holloway, America’s #1 Most Requested Motivational Team Builder, to Speak at deBanked CONNECT Miami
    Salespeople, are you ready for… Total Market Domination?!?! Stanford All-American, 5 time NFL All-Pro, and All-Star front line competitor Brian Holloway will be speaking at deBanked CONNECT Miami on January 16th, two weeks before the Super Bowl takes place just down the road. deBanked CONNECT is taking place at the Loews in South Beach. Last […]
  • BFS Capital Hires New COO
    BFS announced this morning that it has hired Brian Simmons as its new Chief Operating Officer. The news come as the company is preparing for the North American launch of its tech platform in December, a move that is part of BFS’s vision to become a more customer-focused business. This planned “journey,â€� as CEO Mark […]
  • Costs, Losses Soar At StreetShares
    StreetShares increased revenue by nearly 40% year-over-year, according to the company’s latest fiscal year 2019 filing, but costs soared and increased by almost 90%. StreetShares reported a staggering $12.3M loss on only $4.4M in revenue. That loss was much wider than the previous year’s loss of $6.5M on $3.2M in revenue. Whereas startups may spend […]
  • Funding Circle UK Referring Some Large Loan Applicants to Competitors
    Funding Circle UK has begun to refer applicants seeking an amount above their maximum loan size limit of £500,000 to Iwoca, MarketInvoice and French bank BNP Paribas, The Sunday Times reported. Previously, Funding Circle would just turn them away.
  • 2019 Top 25 Executive Leaders in Lending – Canadian Lenders Association – Presented By BMO
    The Canadian Lenders Assocation (CLA) received 124 nominations for these awards from leaders in lending across the country. The CLA’s goal is to support access to credit in the Canadian marketplace and champion the companies and entrepreneurs who are leading innovations in this industry. The Top 25 ï¬�nalists in this report represent various innovations in […]

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.

Please contact Zero Fee Commerce Today at:

1 (877) 382-1044