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The Future is Cashless: Cash Alternatives for CannabisMarch 2, 2022
The HistoryThe Industry
Paying for green without the green
Have you ever shopped online for cannabis before? If you live in a state where cannabis is legal, then chances are that you probably have. Cannabis shoppers looking for quality, dependable cannabis products often turn to online marketplaces like BlackbirdGo. Unfortunately even though you can shop for weed online, paying for weed is another story. We’re here to give you some of the ins-and-outs of paying for your online weed orders. Because It’s 2022 and the future of shopping for weed is cashless.
Cash is King
Due to cannabis being classified as a federally regulated substance, banks that are FDIC don’t mess with weed. This means that most cannabis transactions happen in cash, making it difficult not only to operate a business in weed but to shop for weed. It means once you place your order from the comfort of your couch, you gotta run to the ATM before your order is ready. Luckily there are some alternatives to cash out there for the cannabis enthusiasts.
Cashless ATM, what it is and what the risks are
One of the alternatives many dispensaries use is something called cashless ATM transactions. In this model, a shopper uses their ATM card to perform a withdrawal at the time of checkout for the total amount of their purchase. In this process, the dispensary’s Point of Sale acts as an ATM but without the cash. Typically transactions are rounded to the nearest round-number so that they mirror other withdrawal methods.
Recently, Visa Inc. issued a warning that cashless ATM transactions go against their terms of service and outlined an intent to crack-down on both shoppers and retailers using this alternative payment method via their banking partners.
In contrast to cashless ATMs is the mighty ACH transfer. If you use platforms like Venmo, Paypal, or Zelle then you are already familiar with this form of cash alternative. ACH stands for Automatic Clearing House and is a fancy way of saying a computer manages a transfer from one financial institution to another. In an ACH transfer, a shopper’s bank sends money directly to a retailer’s bank ensuring a fast, safe, and secure transaction.
While apps like Venmo and Paypal are gaining popularity in your day-to-day shopping, neither of the platforms allow you to pay for cannabis. Enter AeroPay, a cashless alternative for buying cannabis online.
It is now easier than ever for you to shop for weed on BlackbirdGo. We partnered with AeroPay—a leader in financial technology that is reimagining the way money is moved in exchange for goods and services. AeroPay is a contactless, cashless payment solution perfect for cannabis dispensaries and shoppers alike.
AeroPay works by allowing shoppers to create an account, link their bank account, and pay for their order, all from their mobile device. Simply put, AeroPay facilitates direct ACH bank transfers between shoppers and businesses. No downloads, apps or sensitive information necessary!
Blackbird’s Guide to Contactless, Cashless Payments
You no longer need to have cash on hand to pay for your pickup or delivery order from Thrive, Essence and Rise dispensaries in Nevada. Simply link to your bank and pay online at checkout. Yes, it’s that simple. Click here to create an account today!
So, how does it work?
- Fill your shopping cart with all of the cannabis goodies you desire.
- At checkout, select the AeroPay payment option. This will prompt you to create an account and link your bank. (You will need your bank credentials.)
- Click the “pay” button and you’re all done.
See how to make a payment on BlackbirdGo using AeroPay with our video.
Why not make your next visit to Thrive, Essence or Rise even easier? Simply click here to create an account and start ordering your favorite products today!