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Canpay, Leading Cannabis Payment Platorm, Exceeds Half A Billion Dollars In Retail Purchases
CanPay just developed an updated app that allows the majority of users to swiftly and safely sign up with rapid activation as part of its commitment to provide value to both its businesses and customers.
Fremont, CA: CanPay, the biggest legitimate payment network for cannabis businesses and consumers, has crossed 500 million dollars in transparent transactions in cannabis-legal jurisdictions. CanPay is currently accepted by 10 of the top 13 public-company, multi-state operators and is utilized at over 800 participating merchant locations in 31 states in the United States (MSOs).
CanPay is an easy-to-use software that lets customers pay for cannabis purchases with a simple debit from their bank account. Merchants holding a compliant bank account at a CanPay-approved financial institution can quickly join the CanPay network.
"Surpassing $500 million in regulated cannabis purchases is a significant milestone for the CanPay network," said Dustin Eide, Chief Executive Officer of CanPay. "Not only does this validate the desire for transparent, low cost, simple payments in the cannabis industry, it also speaks to the strength of the CanPay community. We started in 2016 with just three shops in the Denver area and a handful of consumers. Now, the CanPay community includes more than 800 dispensaries across the country and over 100,000 consumers."
CanPay just developed an updated app that allows most users to swiftly and safely sign up with rapid activation as part of its commitment to provide value to both its businesses and customers. In addition, the app's unique Purchase Power tool generates personalized spending limitations, with the largest claimed spending limit in the cannabis market of 3,000 dollars per day.
The addition of CanPay's Direct Link banking function is a significant advantage for users in the new app. Consumers may quickly and automatically link their bank accounts to the CanPay app via Direct Linking.