PayQwick: a seed-to-sale electronic payment platform
PayQwick is the first legally compliant seed-to-sale electronic payment processing platform for marijuana retailers, producers and processors in Washington, Oregon and Colorado, expanding into Arizona, Nevada and California in 2017. PayQwick’s cash management and compliance assessment programs incorporate standards from the Cole Memos, Bank Secrecy Act/Anti Money Laundering Control Act, FinCEN Guidelines and each state’s recreational marijuana laws to ensure that marijuana businesses abide by all applicable laws and regulations. With PayQwick’s compliance assessment programs, PayQwick’s marijuana clients get regular business bank accounts that don’t get shut down. PayQwick enables marijuana producers, processors and retailers to pay each other electronically, so that they do not have to use or accept cash or checks. PayQwick also provides online Bill Pay services, which sends physical checks to non-PayQwick vendors. Marijuana consumers can use a PayQwick card or PayQwick’s smartphone App to pay for marijuana without cash, collecting rewards points each time they pay with PayQwick.
Brands: PayQwick, Rewards Qwicker, Bud Tender 420 Program