Credit card processing fees can bounce around in the cannabis sector. They’re based on several factors, including transaction size, risk assessment, and the services offered. Typically you can expect these fees:
Transaction Fees: A small percentage charged per sale, which may fluctuate based on purchase size.
Authorization Fees: A flat, fixed fee for each payment request, regardless of approval.
Monthly Fees: Recurring charges for account maintenance and reporting services.
Chargeback Fees: Costs incurred when a customer disputes a transaction, with additional penalties if chargeback thresholds are exceeded.
At PayCompass, we believe in transparency. There’s nothing hidden in our cannabis credit card processor account, just clear, competitive pricing. Our goal is to be in your corner, helping you budget and scale without throwing you a financial curveball.