Dispensary Banking Solutions
Confia’s dispensary banking account allows for hassle-free, transparent, and secure purchases or transactions through sophisticated software and automated compliance.
Easily send and schedule payments to acquire products with our targeted dispensary banking solutions.
LOW-COST BANKING SERVICES
Accept wholesale payments by ACH, wire, or check deposit with our efficient and intuitive platform.
CONVIENIENT, COMPLIANT & SECURE
With Confia, your transactions are processed and monitored to ensure legal compliance.
Extensive Banking Solutions
Dispensaries require sizable banking support to grow their businesses, consolidate brands, and boost sales.
With Confia, you can easily keep track of finances remotely and maintain stock by digitally paying for merchandise.
Conduct transactions with added convenience, security, and speed, so you can focus on providing products they want and customer service they deserve.
Business Marketplace Transfers
Confia allows for an unrestricted flow of money between dispensaries and other members of the cannabis supply chain. As a dispensary member, you gain access to fast and secure B2B and consumer payments. We facilitate your financial operations with reliable payment processing and adherence to regulations.
Time-saving Onboarding Procedures
Typically, a cannabis dispensary has trouble finding a bank to work with, but Confia lets you open an FDIC-eligible account without hassle. Our simple onboarding process means you’ll be able to purchase products for your store in no time, and start to sell to customers.
Our Service Plans
Confia provides cannabis operators with a full scope of banking services at competitive rates.
Bank Account Requirement
Payroll & eChecks
Factoring & Lending Access
B2B Payments ($5 per transaction)
B2C Payments (2.5% per transaction)
Contact for Pricing
Business Marketplace Payments
Lending Program Access
Digital Check Deposits
Incoming/Outgoing ACH & Wires
Stop Order on Checks
Frequently Asked Questions
Can dispensaries have bank accounts?
Due to the legal restrictions imposed by the federal government, cannabis operators, including dispensaries, usually struggle to find affordable, reliable banking services. Banks are generally hesitant to cooperate with them because they deem cannabis companies as high-risk.
Confia is a banking service developed specifically for cannabis business operators. We’re here to support and help mitigate many of the risk factors associated with the industry. Our memberships include rapid onboarding, FDIC-eligible bank accounts, and unlimited account balance. You’ll be able to transfer money and buy your merchandise by logging onto our easy-to-use platform.
Where do dispensaries get their products?
Most dispensaries rely on growers, extractors, and wholesalers to stock their inventory. They need a reliable supply of products to keep their operations going. Growing, extracting, and manufacturing cannabis products require a different set of resources and are most often produced by different licensed entities in the cannabis supply chain.
A dispensary needs to find the products that cater to their target clientele, identify the suppliers that produce quality goods, and purchase them. This process is made easier with reliable banking services.
How do suppliers sell to dispensaries?
Pressure on the cannabis industry to conduct business using strictly cash payments put the suppliers at risk of being fined, losing their license, and going out of business. This is why revolutionary financial networks like Confia designed dependable dispensary banking solutions.
Our platform is ideal for dispensaries looking for a streamlined, affordable, and secure marketplace to help purchase goods from suppliers. Both retailers and suppliers can rest at ease.
What to look for in a cannabis banking partner?
In order to get the best cannabis dispensary banking account, make sure that your provider offers a toolkit that fits your needs, such as:
- Simple on-boarding
- State of the art, user-friendly platform
- FDIC-eligible bank accounts with unlimited balance
- Transparent and fully compliant banking solutions
- Access to funding
Confia memberships, including our full-suite Financial Membership and our practical Transact Membership, cover services that are essential to every thriving dispensary. Contact us for more information.
Where can I find robust dispensary banking solutions?
Confia is a leading financial business committed to raising the bar for dispensary banking with every service we provide. Contact us to find a solution that works best for you.
We can also give dispensaries a variety of funding opportunities as well as source capital for other cannabis operators. Select your package, reach out to us, and stand out in a rapidly expanding industry.