Real-Time Cash Management for Cannabis Dispensaries
How it Works:
Dispensary owners can use this revolutionary solution to count, store and deposit cash payments in real-time.
We’ve built partnerships with top-tier banks to provide cannabis dispensaries with a secure, convenient method for accepting cash payments. With secure, cash storage and selected CIT (cash-in-transit) to the bank where we establish an account in your name, we are providing an end-to-end cash management solution for cannabis merchants..
Maverick Cash Vault Solution is an end-to-end cash storage banking remedy built for the cannabis and CBD industries.
- The credit card associations have not allowed cannabis charges on their networks, leaving cash and debit as the primary options.
- Traditional brick and mortar banks are very cautious by nature and this has left merchants with few options to deposit their cash payments.
- In the instances where a cannabis merchant has been able to secure an operating account, transporting the cash has a number of security and safety risks.
We provide cannabis merchants with a secure vault that can store up to 10,000 bills, establish the operating account on the merchant’s behalf and arrange for cash pickups.
HERE’S HOW IT WORKS:
- Merchants deposit cash payments into the secure vault. This scans the bills in real-time and keeps them secure in a 350lb vault.
- Once per day deposits are calculated and an electronic transfer is sent to your operating account. Merchants have access to these funds immediately.
- As soon as your vault reaches 85% of capacity our system sends out notifications to schedule cash pickup. On-demand pickup is also available.