Which is a worst-case scenario here?
Your cultivation operation works out a lucrative sales transaction, but afterward you have to spend a lot of aggravating time and effort chasing down all the details of the payments, never quite sure when the money will arrive.
You’re a dispensary purchasing manager trying to get your hands on a particular cannabis product you know will sell well with your customers. But you’re prevented from making the purchase as your transaction is rejected because – surprise! – it involves cannabis. Even worse, you might be facing an entire banking-service shutdown depending on the payment processing platform you’re using for the transaction.
The truth is, no matter what side of a sale you’re on, waiting on delayed payments means lost time. And in today’s fast-moving cannabis industry, lost time is lost money. And lost money in this kind of highly regulated business also can be financially devastating in ways more severe than in other business spaces.
Thankfully, Leaf Trade provides a unique digital payment benefit for its clients, one that is a paradigm shift in how payments are made and received, and it’s one that delivers peace of mind for both sellers and buyers.
Gone are paper checks and/or cash, which can be an expensive way to run a business. And gone, too, is the wait for checks and paper currency to be delivered.
For Leaf Trade customers who use Leaf Pay, the payment process is automated and simplified. Sellers don’t have to spend time collecting money, and buyers don’t have to devote hours to paying invoices and tracking them for record-keeping. Once Leaf Pay is set up the first time, it’s good to go.