Insights

Cannabis businesses are often reluctant to fully embrace electronic payments because of the fees – but fees are only one part of the equation. A proper analysis of electronic sales vs cash sales needs to include the benefits of electronic payments too. Electronic payments increase profits by: Allowing customers to spend more Being cheaper than […]

Increasing your percentage of electronic sales is an easy way to increase profits. Curious how much it can increase profits? Check out our free calculator to compare electronic vs cash sales for your business. Luckily, driving more electronic sales is easy. Making small changes can result in a meaningful increase in your profits. Accept electronic [...]

Many cannabis businesses require their customers to pay transaction or convenience fees through a cashless ATM fee, “cash discount” pricing, or a per-transaction fee. This seems like an easy way to avoid or offset merchant services fees, but the analysis isn’t so simple when you consider the impact charging transaction fees has on customer behavior. [...]

The cost of cash for retail businesses is elusive, but most business owners/managers would be shocked to realize how much it costs their business. Unlike merchant services processing fees, which are easy to identify (just look at your contract or statements), the cost of cash is buried in multiple line items. Without a distinct line [...]

Hypur makes it easy to pay for cannabis without thinking twice. If you’re using something else, you may want to watch out for these shady solutions.

Your customer doesn’t have enough cash to pay on delivery or forgot to pay with Hypur at checkout? On-demand order creation is convenient and versatile.

Hypur makes it easy to pay for cannabis through dutchie, whether ordering for pickup or delivery. Get convenient and secure payments for cannabis.

We asked cannabis consumers how they pay, how they like to pay, how often they shop for cannabis, and which promos they prefer. Here’s what we learned.

When consumers can enter dispensaries again, they need a compelling reason to do so. Here are some tips on boosting the in-store experience.

Hypur makes it easy to pay for cannabis at Caliva, whether in-store or pickup and delivery. Get convenient and secure payments for cannabis.

Consumers want electronic payment options that reduce physical contact during pickup and delivery. Hypur’s safe checkout option is quick and easy.

Delivery and curbside pickup have become the preferred way, and often the only way, to buy things, including medical and recreational marijuana. This reduces exposure between customers, store personnel, and store surfaces but the shortcoming is often the payment process. Traditional payment methods make social distancing difficult and require the exchange of cash or cards […]

From avoiding cash to opting for delivery, the cannabis industry will be impacted by the coronavirus. This is how COVID-19 could change cannabis businesses.

Hypur partners with businesses across the country, offering electronic payments for cannabis. More details in this spotlight on Ohio’s Rise Dispensaries.

Starting a new business or expanding your current operation? You’ll need to draft a cannabis business plan. Read this guide before you start writing.

Hypur partners with businesses across the country, offering electronic payments for cannabis. More details in this spotlight on Ohio dispensaries Terrasana.

Paying for cannabis delivery should be as easy as paying for pizza delivery. Hypur brings seamless electronic payments to marijuana delivery services.

Need cannabis merchant services but not sure which option is best? This guide can help you find the right cannabis payment processing for your business.

Hypur offers seamless electronic payments from within the Leaf Logix software. A fully-integrated solution, you’ll enjoy added convenience and security.

Banks and credit unions know that banking the cannabis industry is important and profitable. Hypur makes it faster, safer, scalable, and more lucrative.

Hypur lets you ditch the ATM and pay for cannabis in seconds. Go cashless at the dispensary with effortless payments through Hypur. Download the app today.

We like to keep it simple when explaining who we are and what we do. But there are a lot of benefits to Hypur that you might not know about.

Wondering why cannabis credit card processing is a problem or how to offer secure payments for dispensaries? This cannabis payment guide has the answers.

If you’ve got cannabis banking questions, we’ve got answers. Curious about the SAFE banking act or wondering how to get a cannabis bank account? Read on.

Federal regulators released guidance for banking hemp businesses, which became legal under the Farm Act. But there are still risks to consider.

Hypur offers seamless electronic payments from within the MJ Platform software. A fully integrated solution, you’ll enjoy added convenience and security.

Just the term underwriting can make some business owners nervous. But once you know more about how it works, and how to prepare, you can be less stressed.

Business to business transactions can be complicated in the cannabis industry, but they don’t have to be. Hypur can streamline your B2B payments.

Hypur partners with businesses across the country, offering electronic payments for cannabis. More details about an Oklahoma dispensary, Vertica.

You could lose your dispensary license, bank account, or payment processing. Read more about activities that could destroy your cannabis business.

Need cannabis banking? There are cannabis-friendly banks in every state. Here’s what you need to know about getting and keeping your account.

If you’re wondering what is a chargeback, or you’re worried about how they impact your accounting or cannabis banking, let us explain.

Hypur offers secure payments for dispensaries. Whether you’re using our app or website, Hypur keeps your data safe. Here’s how.

Hypur has been offering uninterrupted cannabis payment solutions since 2014. Let us explain how our cannabis payment processing works.

Hypur partners with businesses across the country, offering electronic payments for cannabis. More details in this spotlight on an Arizona dispensary, Müv.

A legitimate marijuana merchant account gives you sustainable cannabis payment solutions. Wondering if a payment processor is shady? Here are some signs.

Hypur offers sustainable payments using ACH transactions. But our ACH solution isn’t an e-check! Learn more about how we are different.

Using workaround cannabis payment providers can result in some serious problems. Learn from other people’s mistakes and protect your cannabis business.

Whether you run a Tier I marijuana related business (MRB) or partner with a tier ii MRB, there are important things you should know. Let us explain.

If your cannabis business includes bags of money, you might be battling hidden costs. The cost of cash is high, but there are cannabis banking solutions.

Beyond cannabis payments, Hypur can help you make more money selling CBD or marijuana. Here are three ways that partnering with Hypur boosts revenue.

There are plenty of shady cannabis credit card processing schemes but using them could put your company at risk. Learn how, and what you can do instead.

Dispensaries are often at a loss when it comes to getting a marijuana merchant account. There is a lot of confusion and misinformation out there regarding merchant accounts, third-party payment processors and the payment services that retailers need.

Hypur is a free payment solution for cannabis. In this article, we cover other options for paying for marijuana, and why they can put your business at risk.

After shopping for products online, you can pay for your Hemp or CBD products through your favorite website. But you might find that while your site of choice previously let you checkout with a debit or credit card, you’re now being instructed to use Hypur.

In this article John Vardaman explains the landscape of the current legal protections for those in the marijuana banking industry. As New York considers legalizing the recreational use of marijuana…

On January 4, 2018, then Attorney General Jeff Sessions announced the rescission of the Cole Memo, the document that set out the DOJ’s “hands off” approach to state-legalized marijuana, including…

According to a report released by the Financial Crimes Enforcement Network (FinCEN) for the period ending June 30, 2018, there are 441 U.S. depository institutions providing banking services…

In this video from the Green Market Summit, Hypur’s EVP of Business Development, Tyler Beuerlein and EVP of Banking Compliance, Andre Hererra, discuss the economics of cannabis banking…

Commercial banks around the country continue to treat one of the most basic services they’ve offered for decades more as a passive commodity rather than a proactive, marketable asset. It’s time for commercial banks…

On January 4, 2018, Attorney General Sessions issues a memo formally rescinding years of DOJ guidance, most notably the 2013 Cole Memo, that laid out the federal governments hands-off approach to to state legalized marijuana.…

Revenue and compliance are inextricably linked. The common perception is that the practice of compliance inhibits revenue generation, while the cost of compliance is a revenue drain. This lethal combination…

As new and innovative technology continues to disrupt long standing business functions, banking is proving to be no exception. The days of simply opening up a brand and expecting new…

Banking marijuana-related businesses (MRBs) poses some unique compliance challenges. Fortunately, Hypur has developed solutions for them. There is a widely held assumption among financial institutions that…

When the federal government issued policy guidance in 2014 as to how financial institutions could permissibly service marijuana-related businesses, industry reaction was swift and decisive – most FIs wanted…

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In the current low-interest-rate environment, credit unions are exploring new sources of revenue to augment deposit and non-interest revenue. Hypur’s technology now allows credit unions to safely and profitably…

This webinar was presented by Hypur to members of the National Association of Credit Union Service Organizations (NACUSO) and addresses various legal, compliance, and financial factors concerning banking…

The Obama Administration decided as a matter of policy to permit state legalization of marijuana initiatives to proceed without federal intervention, except in extraordinary circumstances…

Regulatory expectations surrounding banking money service businesses are a frequent source of confusion for financial institutions. Many financial institutions are surprised to receive deficiencies and matters…

In the current low-interest-rate environment, credit unions are exploring new sources of revenue to augment deposit and non-interest revenue. One new market that has emerged is state-legalized marijuana, which has created opportunities…

This is the fifth in a five-part series of articles on Banking Marijuana-Related Businesses (MRBs). This installment focuses on operating procedures of MRB banking. After researching regulatory guidance, becoming…

This is the fourth in a five-part series of articles on Banking Marijuana-Related Businesses (MRBs). This installment focuses on MRB transaction monitoring. Financial institutions should have prcedures in place to detect…

This is the third in a five-part series of articles on Banking Marijuana-Related Businesses (MRBs). This installment focuses creating an MRB banking policy. The first step in banking the cannabis industry is creating…

This is the third in a five-part series of articles on Banking Marijuana-Related Businesses (MRBs). This installment focuses on MRB banking regulatory guidance. The ideal situation would be if the FFIEC published…

This is the first in a five-part series of articles about banking MRBs. These articles are intended as an overview of marijuana banking, not an exhaustive guide. These articles are based on our banking, payments…