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What is PayRio?

PayRio focuses on delivering specialized payment solutions for sectors often disregarded, including cannabis, hemp, CBD, cannabis genetics, research peptides, and wellness. Their offerings include eCommerce payment processing, in-person debit transactions, ACH, payment gateways, wholesale invoicing, and payment links for delivery services. Eligible businesses can utilize multiple payment methods such as online checkout, retail terminals, QR codes, and remote payment requests. Configuration of the payment gateway options may include platforms like NMI, Authorize.Net, or FluidPay, while the integration for eCommerce is dependent on the selected solution. Moreover, their features can consist of transaction reporting, customer payment profiles, recurring billing, and fraud prevention measures. For those who qualify, PayRio also supports the processing of cryptocurrency payments. The dedicated team at PayRio ensures extensive support, offering assistance with application processes, underwriting coordination, integration setups, equipment arrangements, and ongoing service. It is crucial to understand that the range of payment methods, features, integrations, and overall service accessibility is shaped by the specific industry of the merchant, their geographical location, and the underwriting approval process. This flexibility allows PayRio to effectively cater to the unique requirements of its diverse clientele across various industries, allowing them to thrive in their respective markets.

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.

Media

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Media

Integrations Supported

Authorize.Net
Fluid Pay
Shopify
WooCommerce

Integrations Supported

BudBot
SpencerMetrics CONNECT

API Availability

Has API

API Availability

Pricing Information

Standard Digital Debit+ programs have no merchant transaction or monthly fees; customers typically pay $3.50 per transaction. The program is generally month-to-month. Pricing and fees for other payment solutions depend on the merchant and approved setup.

Pricing Information

$1000 per month

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Online Training

Company Facts

Organization Name

PayRio

Date Founded

2022

Company Location

United States

Company Website

payrio.co

Company Facts

Organization Name

Monarch Technologies

Company Location

United States

Company Website

www.monarch.is/

Categories and Features

Categories and Features

Cannabis

Not specified

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