Cannabis businesses face a payment processing environment that is already more restricted than almost any other legal industry in the United States, and MATCH list placement compounds that restriction into a near-total exclusion from conventional payment infrastructure. A marijuana dispensary or cannabis operator that is placed on the Mastercard MATCH list has typically lost its only conventional payment processing relationship and now finds that the same federal banking framework that made cannabis merchant accounts difficult to secure in the first place also makes MATCH list cannabis payment processing impossible to find through conventional channels. The acquiring banks that cannabis payment processors depend on will not serve cannabis merchants under ordinary circumstances. When a cannabis merchant is also on the MATCH list, the barriers reinforce each other in a way that makes conventional payment restoration effectively unavailable for the duration of the five-year listing period.
The reasons cannabis businesses end up on the MATCH list reflect the structural tensions of operating in a state-legal but federally illegal industry. Some cannabis MATCH list placements result from chargeback rates elevated by the consumer unfamiliarity that comes with a relatively new legal retail category. Others result from payment processor acceptable use policy violations when a processor that initially agreed to serve a cannabis merchant later withdrew that agreement and reported the termination to Mastercard. Others still come from the cascading effect of banking relationships that collapse as federal pressure on financial institutions serving cannabis operators intensifies. In each case, the merchant's MATCH list status is partly the product of the industry it operates in rather than of individual management failures.
Cannabis MATCH list payment processing through 27 Blockchain addresses both layers of the problem simultaneously. The blockchain infrastructure 27 Blockchain deploys does not route through the federal banking system that excludes cannabis merchants categorically, and it does not involve an acquiring bank that checks the MATCH list before authorizing the merchant to process transactions. A cannabis dispensary on the MATCH list, a marijuana delivery service whose processor terminated its account, and a cannabis retail operation that has been through multiple conventional processor relationships that all ended the same way can each integrate a 27 Blockchain cryptocurrency payment gateway on the same terms and timeline as any other merchant. The MATCH list placement does not affect the blockchain gateway, because the blockchain does not participate in the Mastercard system the MATCH list governs.
The cannabis MATCH list payment gateway 27 Blockchain deploys connects the dispensary or marijuana business's checkout to the blockchain network through an API integration configured to the merchant's existing point-of-sale or online ordering environment. Customers are presented with a cryptocurrency payment option that initiates a transaction from their digital wallet. The transaction is confirmed on the blockchain and the merchant's system receives the fulfillment signal without the payment routing through any acquiring bank that would screen the merchant against the MATCH list. The integration includes the full cannabis MATCH list crypto merchant account structure: gateway, wallet infrastructure, point-of-sale or e-commerce checkout integration, security architecture, and fiat settlement that converts cryptocurrency receipts to the cannabis business's operating currency on a schedule established during the integration process. The marijuana MATCH list payment processor relationship 27 Blockchain provides is not contingent on the merchant's conventional processing history, its MATCH list status, or any underwriting approval from a federally regulated institution. Each integration is configured to the cannabis merchant's specific operational environment, covering the state compliance reporting requirements and point-of-sale system integrations that dispensary operations require.
27 Blockchain provides cannabis MATCH list payment processing for single-location dispensaries, multi-location cannabis retail groups, marijuana delivery services, cannabis wholesale operations, and any cannabis or marijuana business that has been placed on the Mastercard MATCH list and cannot restore conventional payment processing. The cannabis MATCH list payment solution 27 Blockchain builds is configured to the merchant's specific operational environment and state regulatory requirements, and it operates independently of both the federal banking framework that excludes cannabis categorically and the MATCH list system that closes the door on new conventional accounts. Cannabis dispensaries and marijuana businesses on the MATCH list that need a crypto payment gateway and a path to restoring digital payment acceptance can contact 27 Blockchain to discuss their situation and begin the integration process.
