MCIG Expands its Services to Merchant Solutions for the Cannabis Industry
HENDERSON, NV–(Marketwired – Aug 1, 2017) – mCig, Inc. (
mCig has created a new entity, partnering with a merchant provider with over a decade of experience, allowing the company to offer a comprehensive, seamless and secure payment solution through a trusted source. After rigorous testing, we are able to provide merchant processing exclusively to cannabis businesses and dispensaries within the next two weeks.
mCig’s merchant service offers a simple, direct, U.S. based solution, with the capability to accept credit cards online and at participating dispensaries. Merchant processing is offered as low as 5.95% for ecommerce and even lower for dispensaries accepting Visa and Mastercard.
Management believes that mCig has an advantage to capture a large portion of businesses that currently sell CBD products through their e-commerce websites by offering a processing system that guarantees 98% uptime, secured transactions and US settling, providing merchants with cleared funds as soon as 24 hours.
The system is currently being set up to also accept transactions made with digital currency and will enable dual payments.
“The political field has created roadblocks for cannabis related businesses resulting in issues such as exorbitant fees, extremely long payment processing hold times, offshore or uninsured accounts, and untrustworthy services. mCig encountered its own issues in processing online CBD orders in the past year, thus initiating the company’s involvement in providing merchant processing for the cannabis industry”, says Paul Rosenberg, CEO of mCig Inc.
In a separate matter, MCIG is awaiting final sign-off of its Form 10K by the auditors and expects to be filing the report shortly.
About MCIG Group (
Headquartered in Henderson, Nevada, with offices in Temecula, California, mCig, Inc. (
mCig, Inc. also employs a world renowned tech team and has recently entered the techspace to satisfy its evolving role in technology and increased growth in its following over the past few months.
The company looks forward to growing its core competencies to service the ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. With over seventy five years of experience combined between the key players that make up the Cannabis Grow Contractors Division, mCig, Inc. is proud to work with Cannabis Industry leaders and provide broad and rounded solutions for legal growers nationwide.
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