Cannabis merchants on the MATCH list face two overlapping barriers to conventional payment processing that reinforce each other. The first is the federal banking barrier that prevents most acquiring banks from serving cannabis merchants regardless of their processing history. The second is the MATCH list barrier that closes conventional processing doors for merchants who have had accounts terminated for qualifying reasons. For most merchants, one of these barriers is sufficient to make conventional payment processing unavailable. For cannabis merchants, both apply simultaneously.
The interaction between the two barriers means that a cannabis merchant on the MATCH list cannot resolve its payment processing problem by addressing either barrier alone. Getting off the MATCH list does not make a cannabis merchant eligible for conventional processing, because the federal banking restriction remains in place. And the federal banking restriction means there is no conventional processor path to work with even if the MATCH list placement were resolved. Cryptocurrency payment processing through 27 Blockchain bypasses both barriers through the same mechanism: blockchain infrastructure that operates outside the federal banking system and does not involve the Mastercard network that governs the MATCH list. Cannabis MATCH list payment processing through 27 Blockchain is not a solution that addresses one barrier while leaving the other in place. It addresses both simultaneously.
