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Connecticut CanPay Dispensaries

CanPay: The Smarter Way to Pay for Cannabis in Connecticut

As the number of Connecticut Dispensaries and retailers continues to grow, having a reliable and secure payment solution becomes essential. Enter CanPay, a trusted provider that caters not only to cannabis but also to other regulated emerging markets within the state. Here’s why CanPay stands out:

  1. 15-Year Track Record:
    • With a 15-year history, CanPay has built a unique network connecting customers, merchants, banks, and tech providers.
    • Our extensive experience ensures a seamless payment process for all users.
  2. Fee-Free Convenience:
    • As a CanPay user, you can purchase cannabis products without any extra fees.
    • Say goodbye to inconvenient ATM visits or unexpected bank charges.
  3. Safety First:
    • By minimizing cash usage, CanPay creates a safer environment for both customers and staff.
    • Say goodbye to the risks associated with handling physical currency.
  4. Cutting-Edge Security:
    • Our advanced security measures ensure that only you can authorize purchases using your CanPay account.
  5. Simple and Debit-Based:
    • Generate a unique payment PIN within the CanPay app, and you’re all set.
    • Debits are made directly from your checking account, matching the exact purchase amount.

Choose CanPay for a safer, more efficient payment experience that benefits both your wallet and your peace of mind!

Ready to get started? Sign up for CanPay and download the CanPay app today!

Why Connecticut Retailers Choose CanPay

CanPay offers a reliable and secure electronic payment solution tailored specifically for Connecticut retailers. By collaborating with a specialized network of banks and tech partners who understand your business needs, we enable seamless electronic debit payments at your stores. Here’s why CanPay is the right choice:

  1. Stability:
    • All members of the payment chain recognize your business, ensuring a stable and consistent payment process.
  2. Transparency:
    • Conduct business under your Doing Business As (DBA) name, maintaining transparency throughout transactions.
  3. Cost-Effectiveness:
    • CanPay was designed for sustainability at a fair cost, minimizing expenses for retailers.
  4. Familiarity:
    • Your customers won’t need to learn new processes—CanPay integrates seamlessly into their existing payment habits.
  5. Safety:
    • By reducing reliance on cash, you create a safer environment for both staff and customers.
  6. Increased Spending (1):
    • Customers tend to spend more when paying electronically compared to cash-only transactions.
  7. Increased Spending (2):
    • Your staff can upsell at the point of purchase because customers haven’t predetermined their spending amount.
  8. Increased Sales:
    • CanPay users actively seek out stores that accept this convenient payment method.
  9. US-Based Transactions:
    • Rest assured that all funds flow through USA-based financial networks.

Choose CanPay for a smarter, safer, and more efficient payment experience!

Why Connecticut Financial Institutions Choose CanPay

CanPay serves as a safe debit network, facilitating electronic payments between consumers and retailers in highly-regulated and emerging markets, including the State Regulated Cannabis Industry. Here’s why Connecticut financial institutions should embrace CanPay:

  1. Compliance and Safety:
    • CanPay enables secure electronic transactions while adhering to regulatory guidelines.
    • Merchants with compliant bank accounts at CanPay-approved banks can seamlessly join the network and accept debit payments from their customers.
  2. Closed-Banking Feedback Loop:
    • CanPay ensures that only cannabis retailers working with banks following the Cole Memo and FinCEN Guidance participate in the network.
    • Feedback from these banks verifies legal transactions from licensed and compliant retailers.
  3. Strong Compliance Program:
    • CanPay’s ODFI (Originating Depository Financial Institution) maintains a robust compliance program based on the Cole Memo and FinCEN Guidance.

Choose CanPay for a smarter, safer, and more efficient payment experience!

Why CanPay for Your Cannabis Banking Clients?

Transparency (1):

  • Retailers conduct business under their Doing Business As (DBA) name, ensuring transparency throughout transactions.

Transparency (2):

  • All participants in the payments chain fully understand the industries involved, fostering trust and clarity.

Cost-Effectiveness:

  • CanPay offers sustainability at a fair value for retailers, minimizing costs.

Legitimacy:

  • The Closed-Banking Feedback Loop ensures that only retailers with compliant bank accounts participate in the payment network.

Stability:

  • CanPay is purpose-built to meet the industry’s unique needs and requirements.

Safety (1):

  • By reducing cash usage, CanPay contributes to safer communities.

Safety (2):

  • Clients benefit from a cashless system, enhancing security.

Safety (3):

  • Bankers appreciate fewer cash-related risks and fewer retailer visits to branches with large amounts of cash.

Cost Savings:

  • Less cash handling by staff and fewer cash pickups lead to operational savings.

It’s Better For Business:

  • Your retail clients will enjoy increased sales with electronic payments.

Choose CanPay for a smarter, safer, and more efficient payment solution! Your clients can use compliant banking services through your cannabis banking program and also benefit from a legal and clear payment solution through your involvement in CanPay’s Closed-Banking Feedback Loop. Contact us today and open the CanPay network for your clients.

About Connecticut

hartford connecticutConnecticut is a U.S. state in southern New England that has a mix of coastal cities and rural areas dotted with small towns. Mystic is famed for its Seaport museum filled with centuries-old ships, and the beluga whale exhibits at Mystic Aquarium. On Long Island Sound, the city of New Haven is known as the home of Yale University and its acclaimed Peabody Museum of Natural History.

Within its compact borders, Connecticut has forested hills, new urban skylines, shoreline beaches, white-steeple colonial churches, and historic village greens. There are classic Ivy League schools, modern expressways, great corporate offices, and small farms. Connecticut is a thriving center of business, as well as a vacation land. It is both a New England state, and neighbor to New York City and Boston.

Points of Interest in Connecticut

  • Mark Twain House – The Mark Twain House and Museum in Hartford, Connecticut, was the home of Samuel Langhorne Clemens (Mark Twain) and his family from 1874 to 1891.
  • The Wadsworth Atheneum Museum of Art – The Wadsworth Atheneum is dedicated to advancing knowledge and inspiring everyone to experience and appreciate excellence in art and culture.
  • The Connecticut Science Center – The Connecticut Science Center offers endless exploration for children, teens, and adults.
  • The State Capitol – Overlooking Hartford’s 41 acre Bushnell Memorial Park, the Connecticut State Capitol first opened for the General Assembly in January, 1879.

Where to Use the CanPay App In Connecticut

A current list of Connecticut CanPay Dispensaries and Retailers

 

 

CanPay Frequently Asked Questions (FAQ)

  1. What Is CanPay Used For?
    • CanPay is the world’s first mobile debit app designed for use at cannabis retailers and businesses in emerging markets.
    • It functions like the debit cards you already have in your wallet and can be used at approved cannabis retailers.
  2. Is CanPay Safe to Use?
    • Yes, CanPay employs the latest security technology.
    • Your Payment Code generated in the CanPay app can only be used once and expires within 30 minutes after it is requested.
  3. Can I Link a Credit Card to CanPay?
    • No, CanPay can only be linked directly to your checking account.
  4. Are There Fees Associated with CanPay?
    • Merchants take payment by scanning a QR code on a customer’s phone in person or through a website payment.
    • CanPay charges merchants less than 2% of the transaction, essentially as a processing fee.
  5. What Is the Daily Spending Limit for CanPay?
    • You can spend up to $500 per day with your CanPay debit account.
    • CanPay is not a gift card; it functions like other debit and credit cards in your wallet.
    • A debit in the exact amount of the transaction is made to your checking account at the time of purchase.
  6. Who Owns CanPay?
    • CanPay, based in Littleton, Colorado, was founded by Dustin Eide.
  7. What Is Purchasing Power on CanPay?
    • With Purchasing Power, you can pay over time in interest-free installments.
    • Shop your favorite brands with low monthly payments that make sense for your lifestyle.
    • No need to postpone necessary upgrades or purchases.
  8. Is There an App for CanPay?
    • Yes! Once your account is set up, you can download the secure CanPay app at canpayapp.com for both Apple and Android devices.
  9. Is There a CanPay App for iPhone?
    • Absolutely! You can easily access the CanPay app on your iPhone by adding it to your Home screen.
  10. How Do I Use CanPay on My iPhone?
    • After enrolling in CanPay, follow these steps:
      • Login to the CanPay App (available at app.canpaydebit.com).
      • Tap “Pay Now” to generate your first Payment Code.
      • These codes last for 30 minutes and then expire if unused.

Choose CanPay for a convenient, secure, and efficient payment experience!

Connecticut CanPay Dispensaries and Retailers