CanPay – The Smarter Way to Pay for Cannabis in New York
Discover the Smart Way to Pay for Cannabis in New York with CanPay. As the number of CanPay Dispensaries and retailers continues to rise in New York, it’s crucial to have a dependable and secure payment solution. CanPay, a trusted provider, caters to the cannabis and other regulated emerging markets within the state. Here’s why CanPay stands out:
Decade-Long Legacy: With over a decade of experience, CanPay has forged a unique network connecting customers, merchants, banks, and technology providers. Our extensive history ensures a seamless payment process.
Convenience Sans Fees: As a CanPay user, you can buy cannabis products without any additional fees. Say farewell to inconvenient ATM trips or pesky bank charges.
Priority on Safety: CanPay eliminates the necessity of carrying cash, thus reducing the risks associated with physical currency. Your transactions remain secure and confidential.
State-of-the-Art Security: Our cutting-edge security measures guarantee that only you can authorize purchases using your CanPay account.
Straightforward and Debit-Based: Simply generate a unique payment PIN within the CanPay app, and you’re good to go. Debits are drawn directly from your checking account, matching the precise purchase amount.
Enroll in CanPay today and download the CanPay app for a seamless payment experience!
Why New York Retailers Should Choose CanPay
Why New York Retailers Should Opt for CanPay As a dependable and secure electronic payment solution? CanPay empowers New York retailers with seamless transactions. Here’s why integrating CanPay into your business is a savvy choice:
Tailored Network: CanPay collaborates with a specialized network of banks and tech partners that understand the unique requirements of your business. This ensures smooth electronic debit payment processing at your stores.
Enhanced Customer Satisfaction and Loyalty: Accepting CanPay boosts customer satisfaction and loyalty. Customers tend to spend more when using electronic payments compared to cash-only transactions.
Prioritizing Safety: By reducing reliance on cash, you create a safer environment for both customers and staff, eliminating the risks associated with handling physical currency.
Cost-Effectiveness: CanPay offers sustainability at a reasonable cost. Enjoy the benefits of electronic payments without straining your budget.
Seamless Integration: Your customers won’t need to adapt to new processes—CanPay seamlessly integrates into their existing payment habits.
Opportunities for Upselling: At the point of purchase, your staff can capitalize on upselling because customers haven’t predetermined their spending amount.
Boosted Sales: CanPay users actively seek out stores that accept this convenient payment method, leading to increased sales for your business.
Domestic Transactions: Rest assured that all funds flow through USA-based financial networks, ensuring security and compliance.
Choose CanPay for a safer, more efficient payment experience that enhances both your business operations and customer satisfaction in New York!
Why New York Financial Institutions Choose CanPay
New York’s financial institutions can reap the rewards of integrating CanPay, a secure debit network tailored for highly regulated and emerging markets, including the State-Regulated Cannabis Industry. Here’s why CanPay shines:
Regulatory Compliance and Safety: CanPay facilitates electronic payments between consumers and retailers while strictly adhering to regulatory guidelines. Retailers with compliant bank accounts at CanPay-approved banks can seamlessly join the network and accept debit payments from their customers.
Closed-Banking Feedback Loop: CanPay ensures that only cannabis retailers collaborating with banks adhering to the Cole Memo and FinCEN Guidance are part of the network. Feedback from these banks validates legal transactions from licensed and compliant retailers.
Robust Compliance Program: CanPay’s ODFI (Originating Depository Financial Institution) upholds a sturdy compliance program founded on the Cole Memo and FinCEN Guidance.
Why CanPay for Your Cannabis Banking Clients?
Transparency (1): Businesses in New York operate under their Doing Business As (DBA) name, ensuring transparency throughout the payment process.
Transparency (2): All entities involved in the payment chain possess a comprehensive understanding of the industries involved, fostering trust and clarity.
Cost-Effectiveness: CanPay delivers sustainability at a reasonable value for retailers, minimizing expenses.
Legitimacy: The Closed-Banking Feedback Loop guarantees that only retailers with compliant bank accounts are part of the payment network.
Stability: CanPay is purposefully designed to meet the unique needs and requirements of the industry.
Safety (1): CanPay contributes to safer communities by reducing cash usage.
Safety (2): Clients benefit from the security of a cashless system.
Safety (3): Bankers appreciate the reduction in cash-related risks and fewer retailer visits to branches with large amounts of cash.
Cost Savings: Reduced cash handling by staff and fewer cash pickups lead to operational savings.
It’s Better For Business: Your retail clients will experience increased sales with electronic payments. As part of your cannabis banking program, your clients gain access to compliant banking services. But that’s not all! By participating in CanPay’s Closed-Banking Feedback Loop, you provide them with a secure and transparent payment solution.
Contact us today to unlock the CanPay network for your esteemed clients.
Choose CanPay for a safer, more efficient, and cost-effective payment solution in New York!
About New York
New York, often called New York City or simply NYC, is the most populous city in the United States, located at the southern tip of New York State on one of the world’s largest natural harbors.
The city comprises five boroughs, each of which is coextensive with a respective county. New York is a global center of finance and commerce, culture and tech, entertainment and media, academics and scientific output, and the arts and fashion.
Home to the headquarters of the United Nations, New York is an important center for international diplomacy, and is sometimes described as the world’s most important city and the capital of the world.
Points of Interest in New York
- Central Park – an urban park between the Upper West Side and Upper East Side neighborhoods of Manhattan in New York City that was the first landscaped park in the United States. It is the sixth-largest park in the city, containing 843 acres (341 ha), and the most visited urban park in the United States, with an estimated 42 million visitors annually
- Night Bus Tour – Experience the sights & sounds of NYC on a best-in-class guided tour atop premium double-decker buses. See Time Square, Central Park & more!
- The VIP Carriage Ride – Enjoy a romantically old-fashioned way to explore Central Park—and discover many of the park’s best-known highlights—on this private horse and carriage ride. Pick from a number of convenient start times throughout the day, meet your carriage at the park’s entrance, and climb aboard. You’ll admire attractions like the Central Park Zoo, Bethesda Fountain, Strawberry Fields, and more, with planned photo stops along the way.
- New York Helicopter Tour – A 17-20 minute Ultimate Tour is our most popular way to see all the sights that Manhattan has to offer. This tour will take you all the way from the Battery, passing face-to-face with the Statue of Liberty to the northern tip of Manhattan to fly above the George Washington Bridge!
Where to Use the CanPay App In New York
A current list of New York CanPay Dispensaries and Retailers
Frequently Asked Questions
What is CanPay used for?
CanPay is the world’s first mobile debit app for use at cannabis retailers and businesses in other emerging markets. CanPay functions like the debit cards you already have in your wallet, and can be used at approved cannabis retailers.
Is it safe to use CanPay?
Is CanPay Secure? Yes, CanPay employs the latest security technology. Additionally, your Payment Code generated in the CanPay app can only be used one time and expires within 30 minutes after it is requested.
Can you put a credit card on CanPay?
CanPay can only be linked directly to your checking account.
Is there a fee with CanPay?
Merchants take payment by scanning a QR code on a customer’s phone in person, or through a website payment. CanPay charges merchants less than 2% of the transaction in what’s essentially a processing fee.
What is the daily limit for CanPay?
Yes, you are able to spend up to $500 per day with your CanPay debit account. Is CanPay a gift card? No, CanPay is a debit payment app that functions like other debit and credit cards in your wallet. A debit in the exact amount of the transaction is made to your checking account at the time of purchase.
What is the spending limit on CanPay?
The PayPal Debit Card has a daily spending limit of $3,000 USD and a daily cash ATM withdrawal limit of $400 USD. The card resets at 12:00 a.m. CST. Here’s how to check your daily limits on the PayPal website: Go to your Home page and click PayPal Debit Card under the balance.
Who owns CanPay?
CanPay, based in Littleton, Colorado, was founded by Dustin Eide.
What is purchasing power on CanPay?
With Purchasing Power, you can pay over time in interest-free installments, all at zero risk to you. Shop your favorite brands with low monthly payments that make sense for your lifestyle. No need to postpone that upgrade you need, or that TV for the new place.
Is there an app for CanPay?
Once your account is set up you can download the secure app at canpayapp.com for both Apple and Android devices.
Is there a CanPay app for iPhone?
Downloading the CanPay App – iPhone | CanPay Help Center. Easily access the CanPay app by adding it to your iPhone’s Home screen!
How do I use CanPay on my Iphone?
How do I use the CanPay App to make a purchase? After you enroll in CanPay, just login to the CanPay App (available at app.canpaydebit.com) and tap “Pay Now” to generate your first Payment Code. These codes last for 30 minutes and then expire if they go unused.
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