Dispensary
Go Cashless with Alt-Pay’s CASHLESS ATM
The Cashless ATM has many pseudonyms including but not limited to; Point of Banking Terminal, POB, Over-the-counter ATM, Cash for Debit and Scrip(t) Machines.
Alt-Pay’s Cashless ATM not only works through a countertop VeriFone terminal and pin pad but also via a web based virtual terminal (computer) with a customer facing pin pad. We are also very close to having our solution certified for your customers new EMV Smart Chip Cards.
This solution has been around for a while now for other industries but has resurfaced in recent years for merchants that have trouble getting approved by banks, such as TMF merchants and those who dislike the costs associated with a traditional merchant account.
Tell me how it works!
- Your Customer slides their card through the pin pad and chooses to withdraw funds from checking, savings or credit
- The Customer enters their PIN (personal identification number) on the pin pad
- The Budtender enters the amount of the transaction in a $5.00 increment
- The Customer agrees to pay the convenience fee (surcharge).
- The Cashless ATM connects to the ACH Network and the money is electronically moved from your customer’s bank account to your bank account. Typical funding times to your bank account take 1-2 business days.