BIG News
Bankcard International Group
The Gold Standard in High Risk Merchant Accounts
We’re excited to bring you the latest updates from Bankcard International Group (BIG)! As we approach the close of the year, our team remains dedicated to enhancing our services, offering innovative payment solutions, and providing guidance in an evolving financial landscape. At BIG, we're committed to reshaping how clients think about their merchant services provider.
Transparency has always been one of our core values. Especially in high-risk industries, trust is built through clear, unbiased education and transparency in services and pricing. We focus on helping business owners understand the realities behind payment processing, equipping them with strategies that foster sustainable growth. This commitment to transparency, accountability, and ethical guidance is what drives our clients' success—and it’s a privilege to deliver this level of support and insight.
So, how can we improve, how can we make the payments industry better, and what’s next? Stay tuned—BIG has some BIG announcements coming in Q1 of 2025!
In the meantime, here’s what’s new this month.
In this month’s Client Spotlight we are featuring SoulFlora, a leading cannabis dispensary in New Jersey. ?SoulFlora and their team are truly committed to their community and we applaud their efforts, from raising money for the food bank to supporting rescue animals and providing free cannabis education seminars.
At SoulFlora, they are dedicated to providing a personalized and welcoming shopping experience for the New Jersey community. They believe in the power of cannabis to enhance wellbeing and are committed to guiding customers in finding the best products for their needs.
SoulFlora offers a carefully curated selection of high-quality, rigorously tested cannabis products, ensuring customers always receive the best. Beyond products, they are proud to support the community through initiatives that foster unity and growth.
Whether someone is a cannabis enthusiast or a first-time visitor, SoulFlora invites everyone to experience the warmth of their space and the expertise of their team.
Check out their website or better yet stop by and “Find Yourself” if you are in the area!
How to Choose the Right Cannabis Payment Processor
With the cannabis industry’s rapid growth, finding a reliable payment processing provider is crucial for success. Our latest blog breaks down key considerations to help cannabis business owners select the best fit—from a great customer experience to assessing fees and support. Choosing the right provider isn’t just about processing transactions; it’s about safeguarding your business from unnecessary risks and fees. Whether you're just starting out or looking to switch, this guide provides valuable insights to keep your business thriving.
Read on to learn what to look for in a payment processor built to support the unique needs of cannabis businesses.
How to use Merchant Services to Maximize Your Sales This Holiday Season
In this blog we dive into practical strategies for maximizing sales this holiday season using the power of merchant services. The holiday rush is an ideal time to make sure your payment processing is streamlined, customer-friendly, and optimized for increased sales. We cover how to boost customer satisfaction with diverse payment options, minimize friction at checkout, and even use data insights to anticipate customer needs. Whether you’re an online retailer, a brick-and-mortar shop, or both, these tips are designed to help you make the most of your busiest time of year. Get ready to make this season your most profitable yet—check out our guide to make every sale count!
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Exploring the Future of Cryptocurrency Payment Gateways
With cryptocurrency gaining momentum in the digital age, more businesses are beginning to ask: how can I make crypto work for me? In our latest blog, we dive into the future of cryptocurrency payment gateways, exploring how they’re transforming payment processing and what that means for merchants. From new technology that simplifies transactions to solutions for managing volatility, our team at Bankcard International Group is ready to guide you through adopting a reliable, secure, and user-friendly crypto payment gateway.
Read on to see how this innovation can give your business a competitive edge in a rapidly evolving financial landscape!
Tackling the Cannabis Cash Conundrum – A Look at Secure Payment Solutions
In the fast-evolving cannabis industry, managing payments remains a unique challenge. Our latest blog post dives into the "cannabis cash conundrum," exploring why so many dispensaries still rely heavily on cash transactions despite the clear need for more secure, efficient options.
From the security risks of cash-heavy operations to the complications of securing a reliable payment processor, we cover it all. Plus, we share insights on how Bankcard International Group’s cannabis payment solutions can help dispensaries safely streamline payments while staying within industry regulations.
Bankcard International Group Update: MJBizCon 2024 — The Industry Event of the Year!
This week, the BIG team is gearing up for one of the most exciting events on our calendar—MJBizCon 2024! We're thrilled to join you once again at the world’s premier cannabis industry expo. Our team has been proudly attending since 2012, and we’re just as energized as ever to connect with industry leaders and pioneers.
Over the years, we’ve watched MJBizCon and the cannabis industry evolve at a remarkable pace. Yet, the commitment, resilience, and vision driving this industry have remained steadfast. We’re continually inspired by the strong sense of community that unites so many passionate, talented individuals.
Looking ahead to 2025, we know the cannabis sector still faces some challenges, but progress is on our side. With the right blend of education, collaboration, and policy reform, this industry has the power to boost economies and positively impact countless lives. This ?pivotal election year means that staying informed has never been more important, and we're here to keep you up to date on the developments that matter most.
We can’t wait to reconnect with you all at MJBizCon! Come visit us at booth #6223—whether you’re a long-time partner or new to the industry, we'd love to chat about the latest ways we’re supporting the cannabis community. And be sure to follow our channels for real-time updates on all things cannabis and payments.
Here’s to a fantastic MJBizCon 2024—see you there!
Infographic of the Week
As cash becomes less common, we still get frequent questions about the difference between an ATM transaction and a credit card transaction, especially in the cannabis industry, where cashless ATM technology is widely used to boost safety and profitability.
The infographic below outlines the transaction flow behind an ATM withdrawal. While it’s similar to a credit card transaction in some ways, there’s one key difference: the card brands are not directly involved in a PIN-based ATM transaction. Instead, ATM networks operate independently of card brand networks and interchange systems.