BEND, OR--Dutchie — the technology platform powering cannabis commerce — announced in a press release the launch of Dutchie Pay, a fully-integrated digital payment solution for dispensaries and consumers. Dutchie Pay is designed to reduce reliance on cash by providing dispensaries and consumers with a convenient and secure way to pay. A closed-loop automatic clearing house (ACH) solution, Dutchie Pay allows consumers to purchase their favorite cannabis products online while automating compliance so that dispensaries can focus on growing their business.
"Cash creates too many safety risks and is inefficient. Our industry cannot meet its full potential without modern payment solutions available at scale," said Dutchie Chief Product Officer and Co-Founder Zach Lipsonm, in the press release. "Dutchie exists to create safe and easy access to cannabis. Dutchie Pay advances our mission by integrating a simple and secure product that makes cannabis purchases safer, easier, and more accessible for dispensaries and consumers alike."
Approximately 90% of all dispensary transactions are handled in cash, creating inefficiencies in operations and added safety risks. Providing modern payment solutions is one of the biggest barriers remaining to normalize the cannabis shopping experience and is essential for the industry to better compete with the illicit market and provide local and state governments with even more critical new tax revenues.
For dispensaries, Dutchie Pay fully integrates with Dutchie's e-commerce and point of sale (POS) solutions, providing businesses with a single-vendor advantage to help streamline operations. Dispensaries no longer need to rely on multiple software providers, and with this level of integration, retailers can significantly reduce human error, maximize sales, serve more customers, and generate more revenue. Dutchie Pay is immediately available to Dutchie customers across the United States.
For consumers, Dutchie Pay is a one-click digital payment option for cannabis products online and for delivery via a direct ACH bank transfer. Increasingly, consumers expect cashless, frictionless payment options free of ATM and additional service fees. Dutchie Pay allows consumers to quickly connect their bank account and pay directly at checkout.
Read the entire press release.