Sales of CBD products at tobacco stores, smoke/vape shops and cannabis dispensaries have increased at a substantial rate over the past few years, with projections that sales will continue to climb. A growing number of states have already legalized cannabis dispensaries. CBD products are already being popularly sold, and in an industry that is broad and statistically known for its customer loyalty, the potential for growth is exponential.
Yet there are challenges to selling cannabis and CBD products: a significant amount of credit card processing companies refuse to transact CBD purchases or charge extremely high fees for processing for these retailers, forcing many of these businesses to accept only cash. However, there is good news for cannabis and CBD retailers. National Retail Solutions (NRS), the leading provider of POS systems and NRS Pay credit card processing for independently owned businesses nationwide, is committed to providing a complete checkout solution for cannabis and CBD retailers. The NRS point of sale (POS) system has already gained traction as a #1 POS for smoke and vape shops, and NRS Pay recently announced that it is offering credit card processing for the cannabinoid retail sector. It’s no secret that customers who pay with a credit card statistically spend more in stores and credit card acceptance is extremely beneficial for any retail business.
Here are some important frequently asked questions asked by shops that sell CBD products.
Yes, you are in luck! National Retail Solutions (NRS) happily serves CBD credit card transactions through its credit card processing system which integrates seamlessly with the NRS Pay POS or can be used as a standalone. The NRS Pay POS and NRS Pay credit card processing are extremely popular with tobacco and smoke/vape shops nationwide. You don’t have to have the NRS Pay POS to benefit from NRS Pay – but using them together offers a one stop shop for your checkout counter, with one number to call for customer support when you need help.
Choosing a POS and credit card processing company entails much more than simply going with the least expensive options. The NRS Pay POS offers robust hardware and custom-tailored, powerful software tools to help organize your business, attract customers and make more money. With seamlessly integrated NRS pay credit card processing, the NRS Pay POS captures all the needs of a busy cannabis and CBD retailer. Sales, inventory tracking and user management, remote access via web and app, a free, built-in loyalty program and more; The POS offers a suite of user-friendly, proprietary interface Premium Features to help businesses boost revenue significantly and save money. Some of NRS POS’ optional features include Tobacco Scan Data, Government ID Scanning, DVR Camera Surveillance Integration, Digital Employee Time Clock, Customer Tabs for extending credit to customers or applying gift rewards, eCommerce with your own ordering web site; and so much more! See nrsplus.com/premiumfeatures
The NRS Pay POS tracks inventory in real time from anywhere, 24/7, making your job a whole lot easier and allowing you to run your business more efficiently as you can order from anywhere at any time and won’t have to worry about understocking and overstocking. You can be notified when your inventory runs low. You can sign up to receive a daily summary of your sales via email each night. And you can access your POS back office via the ‘My NRS Store’ merchant app and download your reports from the online merchant portal.
With NRS Pay, you can process transactions without fear that credit card acceptance will hurt your budget. You get a free credit card reader. NRS Pay’s Clean Rate is just 2.49% plus 10¢ per transaction and a reasonable $10 monthly account fee, with zero hidden fees. The second plan, NRS’ signature FeeBU$TER, includes a flat rate fee of $49.95 per month with $0 out-of-pocket transaction fees. The $49.95 is waived if you process more than $18,000/month in credit card transactions. There is no long-term contract and no early termination fee, so you can cancel any time and return the equipment without any penalty.
To learn more about NRS Pay POS and NRS Pay credit card processing, contact NRS Sales at (833) 289-2767 or visit nrspay.com.