Touchless payments are the safest way to pay for delivery
November 3, 2022
It's time for your cannabis business to go cashless
Cashless and contactless payment methods have become the standard for businesses across all industries and are the best way to secure payments for dispensaries. Cannabis payments for delivery, in particular, are most secure when using ACH or bank-to-bank money transfers.
More companies are switching to contactless payment options. Businesses continuing to rely on cash or cashless ATM payments will likely fall behind current trends and potentially lose out on customers and profits. Cashless payments are already so much easier for consumers, in general, and are the preferred method of payment when it comes to purchasing cannabis.
On-the-go payment options offer not only a significantly better user experience, but also a much better opportunity for delivery drivers to be compensated with the tips that they deserve.
Here’s why cashless payment solutions are becoming a must for cannabis eCommerce and delivery payments.
Why contactless payments are preferred for cannabis delivery
There are many reasons why both consumers and business owners prefer contactless payments, especially for cannabis delivery. Even though cannabis is recreationally legal in nearly half of the United States, paying for it has been notably difficult. Thankfully, dispensary apps have become the industry standard. With advancements in tech over recent years, business owners are discovering new ways of accepting payment transactions, which are more secure, safer, and easier for all parties.
Marijuana merchant accounts and cannabis payment processing work seamlessly with dispensary payment apps and are preferred by most consumers, especially within the Millennial and Gen Z demographics.
Why would a cannabis delivery service be safer and more efficient by going cashless? Payment methods such as Aeropay do not share the cardholder's name, credit card number, or three-digit security code, which makes processing much more secure. In addition, many financial providers can easily freeze, lock, or wipe your contactless payment account remotely. The likelihood of fraud and loss of sale because of payment difficulties is much lower when a carrier offers digital payments.
Cash management can be dangerous for delivery drivers
Another major concern associated with cannabis delivery payments has been having cash on hand. Drivers are usually concerned about handling large amounts of cash. Carrying physical cash has always come with a certain amount of risk. That risk greatly increases for cannabis delivery drivers when they’re going door to door for quick transactions.
No one wants to be targeted just because they are delivering cannabis, and the cannabis industry is more targeted due to the products being sold. Thankfully, digital and contactless payments can greatly reduce the risk of theft for delivery drivers and consumers.
Dispensary customer experience is enhanced with cashless interaction
End users want a smooth and simple interaction when it comes to purchasing and obtaining cannabis. No matter what demographic or affiliation they have with the product, whether it’s medicinal or recreational, having to deal with cash or other less commodious options is a pain point.
After dealing with the COVID-19 pandemic, consumers are much happier and feel more safe with contactless and cashless payment alternatives.
Stay ahead of your competitors with contactless payments
It cannot be overstated the fact that the most convenient alternative of paying for anything in 2022 is by going cashless and contactless. With that in mind, the best way to edge out the competition is certainly by way of digital payment methods. Partners with Aeropay, in-store and online have reported a 25% increase in sales per cannabis transaction. Aeropay’s compliant cannabis payment platform works with cannabis delivery payments and helps simplify finances for cannabis businesses. Aeropay is a trusted partner in providing secure, contactless payments, customized to the needs of your delivery business.
Marketing & PR Lead
Book a demo
Seeing is believing and we're ready to show you how we help people move money.