Mcardit Pay By Bank
Interstate Commerce Payment Solution for Cannabis Suppliers
Key Features of Mcardit Pay by Bank:
B2B: Know-Your-Business (KYB) & Business ID Verification
Each business customer is verified in less than a second using McarditVerify™ business entity verification.
B2C: Lightening Fast Identity, Know-Your-Customer (KYC) & Age Verification
Each individual customer is verified in less than a second using McarditVerify™, an AI, ML & Identity Graph Engine.
Instant Bank Connection & Verification
Verified individual and business customers are automatically routed to McarditConnect™, Mcardit’s open banking connection and verification widget. Once connected or verified, Mcardit creates a hashed authorization token that’s used to transmit payment authorization to our third party payment processor, without the need to store or transmit the customer’s account information.
Amazon-Like 1 Click Payment For Returning Customers
Returning customers simply click the tokenized payment button to make payment.
Built-in Balance Checks
Merchants have the option to run real time balance checks prior to payment initiation.
Secure Tokenized Payments
Bank accounts are securely encrypted and tokenized seamlessly at the point of bank connection or verification. Mcardit creates an authorization token used to notify the Third Party ACH processor to initiate a transaction. Mcardit tokens do not store bank account information.
Accelerated Flow of Funds
Mcardit is an RTP and FedNow enabled platform that includes bank connected account balance checks which enable 24hr direct debits, with payouts via Dynamic MultiRail Settlement via ACH, RTP, and FedNow (coming soon).
Limited 48 Hr Dispute Window For B2B Transactions
Mcardit Invoiced B2B transactions are NACHA CCD compliant which limits customer disputes to only 48 hours vs 180 days for credit card transactions.
$1,000,000 Per Transaction Limits
Mcardit Invoiced B2B transactions are NACHA CCD compliant which offers qualified merchants the ability to invoice its customers up to $1m per transaction.
Built-in Dispute Mitigation
Mcardit Inoviced B2B transactions are customer initiated, ip captured and stored for proof of authorization.
1 Click Refunds & DFY Customer Notifications
Initiating a refund has never been so simple. Click the refund icon within the transaction module and initiate a full or partial refund in seconds. Mcardit emails your customer immediately to inform them that a refund’s been initiated and again a week later to inform them that they should see the funds returned to their bank account.
Free Woocommerce Plugin
Mcardit offers a free plugin specifically designed for WooCommerce stores. This integration is not only cost-effective but also incredibly easy to implement, saving you time and money.
Real Time Woocommerce Order Sync
Every transaction processed through Mcardit is synced in real-time with your WooCommerce order. This ensures accurate, up-to-date records and simplifies financial management.
Mcardit Pricing For Cannabis Suppliers:
- 1.45% + $0.20 per transaction
- This per transaction price is capped as follows:
- $35 up to $5,000
- $50 up to $10,000
- $75 up to $25,000
- $150 up to $100,000
- $250 up to $1m
- A minimum fee of $1.65 per transaction (applies to <$100 transactions)
- $49 monthly access fee
This includes everything above utilizing Same Day ACH, RTP & FedNow will become options in 2025.
MVerify (B2B)
MVerify (B2C)
