A cashless ATM is very similar to a regular ATM where cardholders can request funds using their debit card and 4 digit PIN. However, instead of receiving cash, they will receive a receipt that is used to make a purchase with the merchant. The merchant will receive the funds via ACH, comparable to debit and credit card payment systems, and the customer can avoid having to take out cash. Cannabis dispensaries are using cashless ATMs as a way to accept payments from clients without having to deal solely in cash.

The major card brands will not allow for any type of credit card processing to the cannabis industry. Vector Payments took notice of the problems handcuffing the cannabis industry and took immediate action to support these establishments.

We created a payment processing solution that would allow these types of establishments to accept card payments, simplify the checkout experience for customers, and provide greater security by reducing the large amounts of cash being held and handled on location by these merchants.

We guarantee you’ll get approved with our cashless ATM solution within 24-48 business hours.
Furthermore, there’s no risk of getting placed on the TMF/Match list by utilizing these services since you’re accepting transactions on the ATM rails, no different than your traditional ATM! Already on the TMF list? Then, give us a call, and we’ll help you start accepting cashless payments once again without paying significant fees utilizing an international solution!

We not only provide support from our US based support teams, but we always recommend contacting your Vector Payments sales manager first. We constantly focus on building longstanding partnerships with each one of our clients plus we know more about your account than anyone else. Always contact your sales manager first and they’ll take care of you. Plus, each terminal is backed with a lifetime warranty, so if they ever break then we will replace them for free!

Cashless ATM transactions are considered ATM withdrawals. The card must be present, and the four-digit pin number must be entered correctly in order for the transaction to get approved.

Once we receive the required documents and application for approval, we’ll be able to get you approved within 24 business hours. Once the approval and programming process is complete the terminal is shipped, and the unit will arrive as an “out of the box solution!”

Payments are real-time and funds are deposited into your bank account within 2-3 business days.
You’ll receive a FREE online portal to view all sales on a daily/weekly/monthly basis as well.

• Receive a state-of-the-art VeriFone or Dejavoo terminal (includes storefront and wireless
  units).
• NO personal information or financial documents required for approval. We simply need
  the standard KYC requirements for any merchant application in the US.
• Card present pin-based transactions effectively reduce chargebacks (customer disputes)
  or the chance of fraudulent transactions.
• Unlike a traditional merchant account, there are NO rates or fees for any Cashless ATM
  transaction. The Cashless ATM transaction cost is charged to the customer in the form of
  an ATM fee saving your business hundreds, if not thousands of dollars every month!
• There is peace of mind and sense of security for all parties involved as these cash
  transactions are handled in a cashless manner.
• Incremental transactions allow your budtenders and employees to receive additional tips
  (helps reduce employee attrition).
• Installation is easy. Simply plug the units in (or power on the wireless units) and you are
  ready to process, but we’re always on standby for any ongoing assistance.
• Transactions are discreet. Shown as ATM withdrawals on your customers bank
  statements.