PayQwick is an electronic payment hub that allows marijuana businesses to pay and accept payments electronically using a smartphone, tablet or desktop computer.
PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.
Marijuana Payment Solution
24/7 Dedicated Support
PayQwick is Synonymous with Compliance:
First and foremost PayQwick is a compliance company. PayQwick’s proprietary BSA/AML Compliance Program is custom tailored to each state’s marijuana regulations. PayQwick takes responsibility for all regulatory compliance, which includes conducting rigorous State Regulatory Compliance Assessments, BSA/AML compliance, “Know Your Customer” due diligence, transaction due diligence, filing currency transaction reports (CTRs) and filing “Marijuana Limited” Suspicious Activity Reports (SARs).
Many State Departments of Financial Institutions, and State Marijuana Licensing Agencies fully support PayQwick’s electronic payment hub because it reduces the risk of violent crime, ensures BSA/AML compliance, and reinforces compliance with state marijuana regulations.
PayQwick’s, Electronic Payment Hub:
PayQwick is an electronic payment hub that provides the following benefits to its account holders:
PayQwick helps its clients get bank accounts at normal banking rates because of its BSA/AML Compliance Program and State Regulatory Compliance Assessments.
PayQwick allows marijuana businesses to pay each other for inventory electronically so that no cash changes hands.
PayQwick allows its clients to pay their bills electronically via online bill-pay.
PayQwick provides armored car cash pickup services to its clients so they are not storing large sums of cash on site and are not carrying “bags” of cash to the bank.
PayQwick allows its clients to pay state excise taxes electronically, thereby eliminating the need to drive to state regulators’ offices with large sums of cash.
PayQwick allows marijuana businesses to ensure that their customer has set aside (in an escrow-type account) the funds need to pay for inventory being shipped before the inventory even leaves the seller’s facility.
PayQwick allows consumers to pay for marijuana electronically using their smartphone.
PayQwick allows its clients to send electronic invoices to customers.