PAYMENT PROCESSING THAT PUTS YOU IN CONTROL
Leverage the power of CoCard, seamless card processing integrations, and flexible rate options tailored to your business—keeping your costs low and your profits high.
Dispensaries
We understand that dispensaries encounter a variety of unique challenges when it comes accepting card payments. While we work towards offering traditional processing solutions in dispensaries, CRS is excited to be committed to discovering the best options available! With the unwavering support of our sponsor bank for cashless ATMs, we proudly celebrate over 13 years of uninterrupted service for the cannabis industry!
Mobile Card Readers
Our mobile card readers connect effortlessly through the cellular network, providing you with a fantastic backup! If your internet ever has a hiccup, don’t worry—your business will keep running smoothly and without interruption!
Seamless Integration
We’re excited to empower you with the freedom to choose the perfect solution for your needs! Our budget-friendly payment options can easily be integrated with your existing point of sale system, making it a breeze to enhance your business!
Innovation Meets Tradition
Processing Overview
Processors charge for credit card acceptance using the following methods: each card brand (Visa, MasterCard, Discover, AmEx) charges a percentage of the transaction, a per item fee, or both for a business to accept their card. This is called interchange in which the rate you are eligible for depends on several factors regarding your business.
Traditional (IC+)
IC+ is the most common method card processors use both historically and today. Processors markup interchange by a number of basis points and/or a few cents per transaction then pass the rate to the merchant. This can be the lowest cost for your business as it allows customization by card brand since interchange varies by card type.
Flat Rate
Flat Rate processing has become prevalent due to companies like Square, Clover, Toast, etc. However, its simplicity is precisely why it may not be the best option. The rates these companies give merchants are, by nature of running a business, higher than interchange. Because each brand's interchange differs, they charge a rate greater than the highest interchange (it is always AmEx).
"True Cash Discount"
"True Cash Discount" has seen a rise in usage among smaller merchants because it can eliminate one of their operating costs entirely. With surcharging, merchants add a fee, typically 3% to credit card transactions. This can incentivise customers to pay cash, while allowing the business to keep more of their profits. There are a few limitations of this practice. You must accept an alternate form of payment to take advantage of surcharging, and you cannot surcharge tips.
