NRS PAY announces that credit card processing is now available for cannabis and CBD traders

NEWARK, New Jersey – National Retail Solutions (NRS), the leading provider of point-of-sale systems for independent retailers in the United States, is pleased to announce that NRS PAY, its credit card processing service, is offering cannabis and CBD, smoke and vape Retailer is available. National Retail Solutions, a division of IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communication and traditional communication services, selected NRS PAY a few years ago as a complementary force for the NRS point of sale (POS) introduced. Since the introduction of NRS in 2015, over 20,000 POS systems have been used across the country.

NRS is the leading point of sale (POS) with integrated NRS PAY credit card processing for independent convenience, grocery, liquor, tobacco, hardware and gas station C-stores and is enjoying increasing popularity in the cannabis industry. The over 53 million transactions per month on the POS network are expected to increase dramatically as NRS PAY can now offer merchant services to cannabis and CBD retailers.

“These businesses, which had previously been blocked, had difficulties not being able to accept credit card payments. Due to processing laws and strict regulations, these merchants have previously had very few credit card acceptance options. NRS PAY, integrated in the NRS POS or as an independent service, opens up new possibilities for these businesses. Many cannabis and CBD retailers are located in densely populated, coast-to-coast city centers with fierce competition and need to be able to accept credit card payments, ”said Elie Y. Katz, President and CEO of National Retail Solutions.

“NRS PAY cannabis dealers rely on payment methods beyond traditional cash or checks due to their demographic profile, business model and foot traffic, especially during Covid-19 when buyers are careful to avoid direct contact. Our customers, dealers – and their customers – are grateful for payment options without exchanging cash. The credit card acceptance goes far beyond the pure cash register on site. It also extends to the merchant being able to accept payments over the phone or online, ”adds Katz.

Elie Y. Katz, President and CEO of NRS, says, “Our core role has always been to help our dealers compete successfully. By delivering our point-of-sale technology to cannabis retailers, combined with built-in honest and reliable payment processing, we enable independent businesses to compete and thrive effectively. With a built-in loyalty program and on-screen advertising, plus world-class POS features like bespoke club programs, our POS network helps stores attract customers and drive traffic, while retailer-friendly technology helps with all aspects of store management, providing insights and reports. We are excited to offer NRS PAY credit card processing and to offer our products and services to the cannabis niche. “

New to this industry, NRS PAY is helping merchants across the country save money with its low-rate plans, including the particularly popular FeeBU $ TER program, with a flat monthly fee of $ 49.95 and zero transaction fees. FeeBU $ TER’s monthly fee is waived for any deal over $ 18,000 per month. NRS PAY also offers fast same day funding as well as unlimited EBT programs.

“Whether a cannabis company is processing $ 1,000 a month or $ 100,000 a month, NRS PAY has a plan that will save them money. We want our customers to be extremely “satisfied” with our products and services. We believe that “a satisfied customer is a long-term customer – and we take customer satisfaction very seriously,” concluded Katz.

About National Retail Solutions (NRS) Inc.

NRS operates a nationwide point-of-sale (POS) terminal-based platform for grocery, convenience, spirits, tobacco and hardware stores as well as petrol station C-stores. The NRS platform offers a robust portfolio of tools to help these retailers compete more effectively. It has an integrated loyalty program as well as additional, optional premium features such as tobacco scan data, POS DVR camera integration, ID license scanning and more. The POS offers one-touch portal access to Boss Revolution’s voice and payment services. It can also be seamlessly integrated into NRS Pay’s credit card processing. With or without a POS, on-site, online or on the go, NRS PAY processing is tailored to help business owners save money. For more information on NRS POS or NRS Pay, visit National Retail Solutions (NRS) is a subsidiary of IDT Corporation.

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