Ancillary Cannabis Banking
Robust Ancillary Banking + Payments Solutions
There is enough to do for your cannabis-related business without all the financial runarounds – cash transactions, lending hurdles, and banks that avoid you.
Financial services should be as easy for ancillary businesses as they are for any other industry. But providers that don’t understand cannabis and regulations make doing your job harder.
Abaca’s efficient banking, payments, and merchant services are purpose-built for ancillary cannabis companies. And by enabling cutting-edge technology that streamlines compliance and control, companies can boost efficiency while keeping costs low.
Focus on growing your business with simple and reliable banking and financial services from the 21st century.
Access to FDIC-insured bank accounts
Get paid and pay vendors reliably and electronically
Speed up electronic B2B and retail transactions with merchant services
Stay organized and in control with simple, yet powerful, online dashboards
Streamline processes with alerts and workflows
Spend less on financial compliance
Secure Your Cash in Cannabis-friendly, FDIC-insured Accounts
Cannabis businesses already operate in a competitive and constantly changing environment.
Spending limited resources on managing clunky and antiquated banking takes away from doing what you do best.
Abaca ties traditional and reliable banking with the benefits of technology so you can go back to taking your bank account for granted.
Secure banking with access to FDIC-insured accounts
Send and receive payments like any other business
Easy and intuitive interface makes monitoring simple
Mobile and web-based platforms for control
How it Works – Abaca Compliant Banking
STEP 1
Get Started
Tell us about your unique business needs by filling out our form. We’ll send you options and pricing.
STEP 2
Due Diligence
Work with your dedicated Abaca representative to collect and submit all the necessary compliance information.
STEP 3
Onboarding
We’ll help set up integrations and onboard your team with minimal interruptions.
STEP 4
Hit Go
Make your first deposit and sit back and enjoy secure, reliable banking.
Easier Payments
Getting paid isn’t always easy in cannabis and the last thing your business needs is another hurdle.
Dealing with envelopes of cash and clunky payment apps takes focus away from your day-to-day operations.
Automate billing and integrate payments for a seamless electronic payments system and take back your business.
Recurring credit card and ACH billing so you can set it and forget it
Settle AR & AP in a few clicks with tech-enabled automation.
Abaca Merchant Services
Enable frictionless billing for your clients by accepting credit cards for one-time or recurring payments.
But while your business is compliant, traditional payment processors lack cannabis regulatory expertise, resulting in the hassle of shut-down or locked-up accounts.
Abaca’s purpose-built, cannabis-specific merchant services bring cannabis into the 21st century so you can give your customers what they want.
Purpose-built for cannabis ancillary – don’t worry about shut-downs or lock-ups
Quick and reliable credit card processing capabilities
Works for both in-store and ecommerce transactions
Cashless and contactless for a new reality
Available nationwide
How it Works – Abaca Merchant Services
STEP 1
Get Started
Give us some insight into your unique business. Then we’ll send you general or custom numbers, depending on what you’re ready for.
STEP 2
Set it Up
Work with your dedicated representative to collect and submit compliance documents for approval.
STEP 3
Onboarding
Connect your new account to your payments gateway on your own or with free support from our team
STEP 3
Hit Go
Start accepting credit card payments
Get Started
Resources
Recent blog posts and articles
Abaca and Pacific Valley Bank Partner to Expand California Cannabis Banking Options
Abaca Accounts now available to legal California cannabis operators SALINAS, Calif., Aug. 25, 2022 – Abaca, an industry-recognized financial platform for cannabis operators, and Pacific Valley Bank [...]
Transition from Medical to Recreational in 5 Steps
Our beloved plant’s medicinal qualities are the origin of its state-by-state legalization. Historically, the origins of medical cannabis can be traced back to 2900 BC, with Chinese [...]
Avoid This Deathknell of Compliant Cannabis Payments
Cannabis is still illegal on a federal level, and as of this writing, just 19 states have embraced full legalization, while 19 others have enacted medical marijuana [...]
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