Merrco, the payment processing leader for the cannabis industry, today announced that it has launched in the United States for CBD and cannabis ancillary business payment processing, ahead of legislative changes that would enable Merrco to provide payment processing for U.S. cannabis dispensaries and delivery services.
As the leading payment processor for the cannabis sector in Canada, Merrco recognizes the complexity that financial services and banking, and specifically payment acceptance, hold for CBD operators and all businesses supporting the cannabis sector despite the legal nature of ancillary cannabis business in the U.S. Merrco’s laser focus and unmatched experience providing cannabis retailers, producers, operators and those that support them with transparent, compliant and sustainable payment processing solutions in Canada gives them a unique position in the cannabis market.
“We’re very excited about our U.S. launch,” says Fern Glowinsky, Merrco’s President & CEO. “We’re known across the industry as the experts in payments for the cannabis sector, and we have an early mover advantage based on the depth of our experience across Canada. Our U.S. platform is ready to go, and we’re looking forward to bringing the combination of our extensive payments expertise and our broad cannabis sector experience to the U.S. market. We see this as a tremendous opportunity.”
The hype train for buy now, pay later (BNPL) continues to pick up steam as consumers seek shopping alternatives during the pandemic – could this emerging payment option be a credit card killer?
While flexible payments are something that all generations can get behind, younger consumers in particular are drawn toward simple payment processes and behavioral shifts away from traditional credit cards.
As a way to better understand usage, experiences, and trust surrounding BNPL, The Strawhecker Group (TSG) surveyed over 1,500 U.S. consumers in February. Check out some highlights below and download the infographic to get a better understanding of why consumers are choosing BNPL.