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Cannabis Banking

Although cannabis businesses are legal at the state level, they often face difficulties with regards to banking and processing payments. Because the industry is heavily regulated, total transparency is necessary for these startups and their financial transactions. Unfortunately, most traditional banking institutions don’t have the systems in place to meet such standards.

Fortunately, WNY Merchant Consulting has years of experience handling high-risk merchants, and the combination of our knowledge and technology allow us to provide high-quality banking solutions for cannabis companies.

Thanks to WNY Merchant Consulting’s cannabis bank compliance solutions, state-legal cannabis businesses can work with us to streamline their financial transactions and ensure compliance along the way.

Banking: WNY Merchant Consulting assists cannabis companies with processing payments, obtaining loans, and setting up a merchant bank account with a credible financial institution. By working with us, you can offer customers the ability to withdraw cash in your store, manage checks and online payments, and accept in-store payments in a hassle-free manner.

Compliance: The experts at WNY Merchant Consulting understand state and federal compliance requirements for legally operating your business, and our systems ensure your company is meeting those standards.

Taxation: Adhering to 280e federal filing requirements, the professionals at WNY Merchant Consulting ensure your company is accurately reporting tax submissions so that you can avoid any costly and unnecessary fines down the line.

Security: Working with WNY Merchant Consulting, you will never need to stress about security breaches on our end. Our secure gateway keeps all important company and customer information protected, leaving you to focus on running your business.

Benefits of Working with
WNY Merchant Consulting

  • Low monthly fees: WNY Merchant Consulting is transparent about any monthly fees that accompany its services, and we strive to keep those fees low so that our clients can use their income for the most important thing of all: their business.
  • Quick setup & fast approvals: Setting up funding with WNY Merchant Consulting is a straightforward and simple process that won’t take much time or effort. Loans are approved in a timely fashion, often as soon as 48 hours after applications are submitted.
  • Reliable and Secure: WNY Merchant Consulting understands the importance of finding a lender that is reliable and keeps your company data secure. Working with us, you will never have to stay up at night, worrying that your business is at risk.
  • Superior customer service: The professionals at WNY Merchant Consulting have years of expertise working with high-risk businesses, and they are committed to gearing financial solutions toward your company’s specific needs.
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