Forget Google - It's time to break up the payment processing duopoly of Visa and MasterCard

submitted by magnora7 from medium.com

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]dart200 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

i've only paid for weed with my debit card the last year i've been buying. not credit though, but the wall is letting up a bit.

[–]ManWithABanana 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Didn't know that. Thanks for the heads up.

I dug up an article here https://www.creditcards.com/credit-card-news/marijuana-dispensaries-pay-with-credit-cards/ that perhaps explains what you're getting. Are you doing the ATM thing described in the article ?

Some dispensaries have ATMs on-site, allowing you to get cash for a terminal fee.

Other dispensaries feature cashless ATMs.

With cashless ATMs, the customer requests, say, $60 from the machine. It spits out a voucher that can be used only at that dispensary. The customer hands the voucher to a clerk, who returns, for the purposes of this illustration, $52.50 worth of product. The customer also is charged taxes and a fee for using the ATM. Whatever is left, the clerk returns in change.

[–]dart200 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

hmmm. i was looking at my bank statements and it may be that the particular dispensary i use misrepresented what they are. it came up as a veterinarian charge, lol.