Paybotic provides payment and banking services to the cannabis industry. It partners with major banking and payment technology platforms to suit consumer demands. The technological solutions protect deposits, simplify reconciliation, and increase cash visibility for cannabis retailers. Paybotic's financial services include bookkeeping, insurance, and more.
Cannabis is a restricted substance, thus the U.S. cannabis sector is new and strictly regulated. Credit cards are illegal for retailers to accept. Also, traditional banks are unprepared to handle the industry's laws, and cannabis shops frequently struggle to obtain small company loans or execute bank transactions.
Paybotic lets cannabis companies operate like consumer businesses. It offers cannabis and hemp businesses other payment methods. In addition, it offers financial and business management solutions. Because its business model is focused on serving the cannabis industry, the team monitors shifting regulations to ensure customer complianc