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Domestic banks are reluctant to provide merchant services to cannabis retailers (both in-store and online)
E-Commerce, In-Store, and Cash/Crypto Payment Options
Tetrix provides the necessary layer of separation between banks and cannabis retailers
Taxes can be collected on each transaction and remitted to relevant government authorities.
Leveraging Smart Contracts with contingency sales
Contingency sales occur when the transaction is dependent on a future deliverable. e.g. customer pays for a flight 3 months in advance
Tetrix can mitigate risk by leveraging smart contract wallets that hold funds in escrow until product or service is delivered.
Future delivery of product/service can result in high chargebacks due to buyer remorse, change of plans, or merchant bankruptcies
Tetrix provides the necessary layer of separation between the merchant and the acquiring bank. Merchants do not have to risk getting declined by applying direct to acquirer.