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Tuero Capital is building mCig's Merchant Processing software...

MCIG Expands its Services to Merchant Solutions for the Cannabis Industry

HENDERSON, NV--(Marketwired - Aug 1, 2017) - mCig, Inc. (OTCQB: MCIG), a diversified company servicing the legal cannabis and vape markets with innovative products, technologies, and services, is pleased to announce the extension of its offerings to include merchant processing.

mCig has created a new entity, partnering with a merchant provider with over a decade of experience, allowing the company to offer a comprehensive, seamless and secure payment solution through a trusted source. After rigorous testing, we are able to provide merchant processing exclusively to cannabis businesses and dispensaries within the next two weeks.

mCig's merchant service offers a simple, direct, U.S. based solution, with the capability to accept credit cards online and at participating dispensaries. Merchant processing is offered as low as 5.95% for ecommerce and even lower for dispensaries accepting Visa and Mastercard.

Management believes that mCig has an advantage to capture a large portion of businesses that currently sell CBD products through their e-commerce websites by offering a processing system that guarantees 98% uptime, secured transactions and US settling, providing merchants with cleared funds as soon as 24 hours.

The system is currently being set up to also accept transactions made with digital currency and will enable dual payments.

"The political field has created roadblocks for cannabis related businesses resulting in issues such as exorbitant fees, extremely long payment processing hold times, offshore or uninsured accounts, and untrustworthy services. mCig encountered its own issues in processing online CBD orders in the past year, thus initiating the company's involvement in providing merchant processing for the cannabis industry", says Paul Rosenberg, CEO of mCig Inc.

mCig is currently accepting applications for pre-enrollment. Applications can be obtained by emailing [e-mail] or by visiting tueroprocessing.com

Tueroprocessing website

Full launch hasn't happened yet but they may already be testing it with pre-applied customers. mCig gets to claim a portion of the fees as revenue. This was one of the reasons Paul wanted to get those programmers on board.