Paybotic Financial, a latest venture from paybotic, working in collaboration with Regent Bankmember FDICannounced the waiting list is open for full program launch Offering FDIC-insured checking accounts, electronic payments, and mobile and online access to cannabis operators operates in legal markets across the United States.
The program includes a complete financial solution that gives cannabis-related businesses access to traditional banking services such as checking accounts and electronic payments. It includes the ability to view multiple current accounts from one centralized login, same-day and next-day deposit/payment settlements, and nationwide coverage. Businesses will have access to physical and digital business debit cards, card limit and usage, digital payment options such as ACH and domestic wire transfers, cash management and logistics, and other features. In addition, the platform will include a mobile wallet for consumer payments that allows for instant tender tipping, while offering same/next day retail locations and guaranteed financing.
“Having worked in cannabis payments for over 10 years, we fully understand the banking challenges plaguing the cannabis industry,” said Eveline Dang, CEO of Paybotic Financial. “Paybotic started as a payment processor with ‘bring your own bank account’ solutions. However, we found that we had to turn away a number of our customers because they lacked the appropriate type of commercial deposit account, or one at all. Our customers at Paybotic kept asking for this type of service and we saw a need to help them relieve this burden that so many cannabis operators face. Paybotic Financial is backed by our combined experience and expertise in cannabis, and we are proud to offer a supportive solution that works for our clients.”
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