CanPay: The Smarter Way to Pay for Cannabis in New Mexico
As the number of New Mexico CanPay dispensaries and retailers continues to grow, having a reliable and secure payment solution is essential. CanPay, a trusted provider, caters to cannabis and other regulated emerging markets within the state. Here’s why CanPay stands out:
Proven Track Record: With a 15-year history, CanPay has built a unique network connecting customers, merchants, banks, and tech providers. Our extensive experience ensures a seamless payment process.
Fee-Free Convenience: As a CanPay user, you can purchase cannabis products without any extra fees. Say goodbye to inconvenient ATM visits or bank charges.
Safety First: CanPay eliminates the need for carrying cash, reducing the risks associated with physical currency. Your transactions remain secure and confidential.
Advanced Security: Our cutting-edge security measures ensure that only you can authorize purchases using your CanPay account.
Simple and Debit-Based: Generate a unique payment PIN within the CanPay app, and you’re all set. Debits are made directly from your checking account, matching the exact purchase amount.
Sign up for CanPay and get the CanPay app today!
Why New Mexico Retailers Should Choose CanPay
As a reliable and secure electronic payment solution, CanPay empowers New Mexico retailers with seamless transactions. Here’s why integrating CanPay into your business is a smart move:
Specialized Network: CanPay collaborates with a network of banks and tech partners who understand your unique business requirements. This ensures smooth electronic debit payment processing at your stores.
Customer Satisfaction and Loyalty: Accepting CanPay enhances customer satisfaction and loyalty. Customers tend to spend more when using electronic payments compared to cash-only transactions.
Safety First: By minimizing cash usage, you create a safer environment for both customers and staff. Say goodbye to the risks associated with handling physical currency.
Cost-Effective: CanPay was designed for sustainability at a fair cost. Enjoy the benefits of electronic payments without breaking the bank.
Familiarity: Your customers won’t need to learn new processes—CanPay integrates seamlessly into their existing payment habits.
Upselling Opportunities: At the point of purchase, your staff can upsell because customers haven’t predetermined their spending amount.
Increased Sales: CanPay users actively seek out stores that accept this convenient payment method.
US-Based Transactions: Rest assured that all funds flow through USA-based financial networks.
Choose CanPay for a safer, more efficient payment experience that benefits both your business and your customers!
Why New Mexico Financial Institutions Choose CanPay
New Mexico’s financial institutions can benefit from integrating CanPay, a secure debit network designed for highly-regulated and emerging markets, including the State Regulated Cannabis Industry. Here’s why CanPay stands out:
Compliance and Safety: CanPay enables electronic payments between consumers and retailers while adhering to regulatory guidelines. Merchants 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 working with banks following the Cole Memo and FinCEN Guidance participate in the network. Feedback from these banks verifies legal transactions from licensed and compliant retailers.
Strong Compliance Program: CanPay’s ODFI (Originating Depository Financial Institution) maintains a robust compliance program based on the Cole Memo and FinCEN Guidance.
Why CanPay for Your Cannabis Banking Clients?
Transparency: Retailers operate under their Doing Business As (DBA) name, ensuring transparency throughout the payment process. All participants in the payment chain fully understand the industries involved, fostering trust and clarity.
Cost-Effective: CanPay offers sustainability at a fair value for retailers, minimizing costs.
Legitimacy: The Closed-Banking Feedback Loop ensures that only retailers with compliant bank accounts participate in the payment network.
Stability: CanPay is purpose-built to meet the industry’s unique needs and requirements.
Safety: By reducing cash usage, CanPay contributes to safer communities. Clients benefit from a cashless system, enhancing security. Bankers appreciate fewer cash-related risks and fewer retailer visits to branches with large amounts of cash.
Cost Savings: Less cash handling by staff and fewer cash pickups lead to operational savings.
Better for Business: Your retail clients will enjoy 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 and open up the CanPay network for your valued clients.
Choose CanPay for a safer, more efficient, and cost-effective payment solution!
About New Mexico
New Mexico, often referred to as the “Land of Enchantment,” is a state rich in cultural heritage and natural beauty. Located in the Southwestern region of the United States, it shares borders with Texas, Oklahoma, Colorado, Utah, and Arizona, as well as an international border with Mexico. The state’s diverse landscape includes everything from arid deserts and high plains to lush forests and snow-capped mountains, making it a haven for outdoor enthusiasts.
The capital city, Santa Fe, is renowned for its Pueblo-style architecture and vibrant arts scene. Founded in 1610, it is the oldest state capital in the U.S. and offers a unique blend of Native American, Spanish, and Anglo cultures. Visitors can explore historic sites, art galleries, and museums, or enjoy the city’s famous cuisine, which often features the state’s iconic green and red chiles.
Albuquerque, the largest city in New Mexico, is known for its annual International Balloon Fiesta, which attracts balloonists and spectators from around the world. The city also boasts a rich history and a variety of cultural attractions, including the Indian Pueblo Cultural Center and the Albuquerque Museum.
New Mexico’s economy is diverse, with key industries including oil and gas, tourism, and agriculture. The state is also home to several national laboratories and military installations, contributing to its reputation as a center for scientific research and innovation. Whether you’re interested in exploring ancient ruins, hiking scenic trails, or experiencing the unique blend of cultures, New Mexico offers something for everyone.
Points of Interest in New Mexico
- Carlsbad Caverns National Park:
This stunning park features over 119 caves formed by sulfuric acid dissolution. The most famous attraction is the Big Room, a massive underground chamber filled with stalactites, stalagmites, and other unique formations.
- White Sands National Park: Known for its vast gypsum sand dunes, White Sands National Park offers a surreal landscape perfect for hiking, sledding, and photography. It’s one of the most unique natural wonders in the world.
- Santa Fe Plaza: Located in the heart of Santa Fe, this historic area is surrounded by Pueblo-style architecture, museums, galleries, and shops. It’s a vibrant cultural hub that reflects the rich history and artistic spirit of New Mexico.
- Albuquerque International Balloon Fiesta: Held annually in Albuquerque, this event is the largest hot air balloon festival in the world. It features hundreds of colorful balloons taking to the skies, creating a breathtaking spectacle.
Where to Use the CanPay App In New Mexico
A current list of New Mexico 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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