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What is Monarch?

Expand your business effortlessly with our innovative solution. Monarch offers banking and payment processing services tailored specifically for the cannabis industry. A major factor contributing to the failure of numerous cannabis businesses is not their lack of operational expertise, but rather their struggle to navigate the complex compliance regulations that affect this sector. The Monarch platform enables financial institutions to broaden their deposit portfolios by allowing fully licensed Hemp/CBD farmers, suppliers, distributors, manufacturers, and dispensaries to open DDA accounts with vital cash management services. Due to the intricate nature and constant evolution of compliance standards in the Hemp/CBD market, many companies find it challenging to stay updated. Designed to help you overcome these hurdles, the Monarch Platform ensures that you stay compliant with both state and federal regulations. It provides extensive support, from client and merchant onboarding to the management of ongoing compliance documentation, solidifying Monarch as your comprehensive solution for real-time compliance monitoring and audit assistance. With Monarch by your side, you can concentrate on scaling your business while we take care of the complexities involved in compliance management, allowing you to pursue growth without the worry of regulatory challenges. This partnership not only simplifies compliance but also enhances your operational efficiency.

What is Merrco?

Merrco functions as a dependable payment gateway that features customizable compliance attributes aimed at preserving the integrity of industries bound by stringent regulations. By providing seamless and secure payment solutions, Merrco enables businesses to thrive while making the payment process easier at every step. Whether you are operating online or in a brick-and-mortar location, we offer a wide range of payment processing options, which encompass retail (card present), ecommerce (card not present), click and collect, virtual terminal, mobile, recurring payments, gift cards, and multi-currency capabilities. Specializing in the cannabis industry and other regulated markets, Merrco stands out as the preferred payment processing solution for licensed cannabis producers, dispensaries, CBD vendors, nutraceutical sellers, and numerous other regulated businesses across the country. Through a partnership with Merrco, clients not only achieve compliance in strict regulatory environments but also gain a competitive edge thanks to our efficient and user-friendly payment solutions. With our forward-thinking approach, we are committed to continuously improving the payment experience for businesses, helping them maintain a competitive position in an ever-evolving market landscape, and ensuring their operational needs are met with precision and care.

Media

Media

Integrations Supported

Ample Organics
Buddi
Cova
DataCandy
Greenline
Magento
Olla
Shopify
SpencerMetrics CONNECT
WooCommerce
nopCommerce

Integrations Supported

Ample Organics
Buddi
Cova
DataCandy
Greenline
Magento
Olla
Shopify
SpencerMetrics CONNECT
WooCommerce
nopCommerce

API Availability

Has API

API Availability

Has API

Pricing Information

$1000 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Monarch Technologies

Company Location

United States

Company Website

www.monarch.is/

Company Facts

Organization Name

Merrco by KORT Payments

Date Founded

2016

Company Location

Canada

Company Website

www.merrco.com

Categories and Features

Cannabis

Administrative / HR Management
Business Management
CRM
Compliance Tracking
Cultivation Management
Delivery Management
Dispensary Management
Distribution
ERP
For Hemp & CBD
Inventory Management / Control
Lab Testing
Manufacturing
Payment Processing
Point of Sale (POS)
Reporting / Analytics
Retail Management
Sales Tracking
Seed to Sale
Supplier Management
Supply Chain Management
Toll Processing
Traceability
eCommerce / Online Ordering

Categories and Features

Cannabis

Administrative / HR Management
Business Management
CRM
Compliance Tracking
Cultivation Management
Delivery Management
Dispensary Management
Distribution
ERP
For Hemp & CBD
Inventory Management / Control
Lab Testing
Manufacturing
Payment Processing
Point of Sale (POS)
Reporting / Analytics
Retail Management
Sales Tracking
Seed to Sale
Supplier Management
Supply Chain Management
Toll Processing
Traceability
eCommerce / Online Ordering

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

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