Replies to post #14758 on Singlepoint Inc (SING)

[Tenured]

Yep it was posted this morning here around 10 or 11 am. Banks will not stay out of this market for long. Just a matter of time. That's why SING has to have a hedge of some kind.

[Pisd]

"local merchant acquirers"..."won't offer the name of the bank they work with"..."

"'A bank account is required but doesn't have to be a business account,' said Lance Ott, owner of Guardian Data Systems in California, which provides payment processing for marijuana merchants."

"...With the credit cards, it's a huge chance right now,' Ott said, noting how transaction codes don't exist for "dispensary," so businesses shy toward other descriptions such as "flower shop," "dentist office" and even "health club..." lol

..."doesn't use the same processing systems as Visa or MasterCard..."

"...In this instance, the federal government considers the sale of marijuana illegal..."


Pushing back, NOT just swipe CC based on Denver Post article