Instant Bank Direct Debit
Instant bank account direct debit gives you the ability to sell ANY legal product or service from your website. Give your customers the option to pay right from their bank account for only 3.25% + $0.75¢ per transaction. No chargebacks. No risk.
More Secure Than Credit Card Acceptance
256-bit encryption bank-level security. No risk of consumer charge-backs. Safer, faster, and cheaper than credit card processing.
Mobile-friendly with Speedy Checkout
No need to waste time looking for a credit card or a checkbook. Online shoppers simply enter their bank portal username & password.
Say Goodbye To Credit Card Chargebacks
Transactions authenticated only after the buyer enters their shipping address details, a phone number, and logs into their personal bank portal via Username & Password known only to them.
Welcome to next generation e-Commerce security.
1. SELECT YOUR BANK.
At checkout, the buyer will identify their bank from a directory of over 3,000 US banks and credit unions. It’s the same interface you’d see if you were to log in to your own bank’s online portal. To reduce the risk of losing the sale, shoppers are never diverted from website checkout page.
2. LOGIN (AS YOU NORMALLY DO)
The buyer will log into their bank’s secure online portal with the same User ID and password they’ve always used in the past. There is no need to enter a routing number or account number. This feature makes bank direct debit faster, more secure and easier to use than credit cards online.
3. CLICK TO PAY
The online shopper confirms the dollar amount of the purchase by and it’s done. The transaction is completed within seconds.
Funds settle in the merchant’s bank account the same day (or within 24 hours depending on the bank).
Cash-only merchants are strongly encouraged to use Bank Direct Debit (Verde). Why? Because you totally eliminate the risk of employees catching or transmitting coronavirus by using a cashless payment acceptance solution.
You also gain the ability to LEGALLY receive online payments under the condition that buyers may drive-through pick up their order with proof of ID and their MJJ card.
Same Day or 24 Hour Approval
100% in-house underwriting. No credit check. No mountains of paperwork needed.
Integrates With Most Popular Website-builders
WordPress, WooCommerce, Shopify, Wix, PrestaShop, 3dCart, Big Commerce, Magento, and many more.
Easy 'Click & Pay'
Online shoppers enter their bank account User ID & password, verify the amount of the purchase, and 'click-to-pay'.
Click the green box to test drive how Instant Bank Direct Debit works. Simply scroll to the center of the page and walk through the checkout process.
This is a Verde™ demo modeled after our customer facing checkout page.
Acceptable Products
- Marijuana/ Cannabis (must be a licensed dispensary. Customers may prepay online and pick-up with proof of valid I.D.)
- All Hemp-derived CBD Products; oils, isolate powder, gummies, topical rubs. (No lab COAs required.)
- Kratom & Kava Kava
- Paraphernalia; Glass, Pipes, Bongs, Grinders
- Neutraceuticals & Herbal Remedies
- Restaurant Take-out (eliminate all risk of charge-backs & credit card fraud)
- Must have a valid business bank account in the USA. (Sole proprietorships are gladly accepted with proof of a business bank account that matches the DBA name)
- Submit a clear color-copy of your Drivers License, State I.D. or passport. (Must be from the owner or a company principal.)
- Sign and return the Credit Card Authorization Form & Checking Account Authorization Form.
- Sign and return the Arbitration Agreement, the Refund Policy, Signature Card, and Compliance Statement.
- Must have an active website with an SSL certificate. Our gateway plugin is compatible with all website builders.
Rates & Fees
Same Day or 24 Hour Approval-
3.25% + $0.75 cents per transaction
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The $0.75 cent transaction fee only applies to customer's first purchase. No transaction fees apply to subsequent purchases made by by the same customer. This feature alone saves a merchant tens of thousands in transaction payment processing fees.
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Integrates with over 170 popular website design builders
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Same day settlement of funds (depending on the time of purchase)
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Unlimited daily, weekly & monthly transaction volume
Risk Verification: $0.75
Available Balance Verification: $0.75
When a brand new customer buys from your website the first time, our Instant Bank Direct Debit software performs an Account On-boarding (AO) and a Risk Verification (RV). A fee of $1.50⊄ will be deducted from the total sale. Our processing fee of 3.25% discount rate is also included.
When the same customer revisits your website for future purchases, only the $0.75⊄ transaction fee will apply. This unique price structure makes instant bank direct debit up to 300% less than accepting credit cards. Once the customer is registered and approved, the processor will only run the Available Balance Verification (ABV) for each transaction. We will re-verify their risk once every ninety (90) days or upon receiving an update to their bank account.
