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ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACHdebittransactions).
Cashless ATMs arent the only non-compliant tactic used for cannabis payment processing. Other workarounds cannabis businesses use include PIN debittransactions and peer-to-peer apps like Venmo, PayPal, and Zelle.
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