Give your cannabis customers the freedom to spend
Offering secure, compliant digital bank-to-bank payment solutions designed for the cannabis industry and specialized sectors, now serving the Puerto Rico market.
Customer experience
Your customers will appreciate the convenience. You will love it
Tell customers to download Vank
Download the Vank app from the Apple App Store or Google Play Store and sign up for a free account. We only request the essentials to ensure your and your funds’ safety.
Link your bank account
Effortlessly link your bank account to your wallet for secure payments across all types of businesses—whether you’re shopping in-store, online, or on the move. Vank connects to 10,000 banks.
Send secure payments
Enjoy fee-free payments directly from Vank. We securely transfer funds from bank to bank, employing the same advanced technologies used by Venmo, PayPal, and Chime for guaranteed transaction security.
Benefits
Vank is more than a payment solution; it’s designed for your cannabis business
For cannabis businesses
No matter the type or size of your business, to offer Vank to your customers and suppliers, all you need is a valid commercial bank account.
No hardware required
Vank seamlessly integrates with your existing systems, removing the need for extra hardware, and streamlining your operations effortlessly.
Easier for customers
Paying is as easy as sending a direct payment or simply scanning a QR code. No cash involved, just straightforward, mobile payments for clients and providers.
Omnichannel
Vank meets all your diverse payment needs: in-store, online, pre-pay, and delivery, ensuring unmatched convenience.
For cannabis businesses
No matter the type or size of your business, to offer Vank to your customers and suppliers, all you need is a valid commercial bank account
No hardware required
Vank seamlessly integrates with your existing systems, removing the need for extra hardware, and streamlining your operations effortlessly
Easier for customers
Paying is as easy as sending a direct payment or simply scanning a QR code. No cash involved, just straightforward, mobile payments for clients and providers
Omnichannel
Vank meets all your diverse payment needs: in-store, online, pre-pay, and delivery, ensuring unmatched convenience
Customers
Meet some of our customers
Payments
Cannabis payments for all your business channels
Accept mobile payments at your dispensary using straightforward QR codes
Receive payments online or through your dispensary’s app
Facilitate payments for on-the-go orders and deliveries from your dispensary
Customer experience
Your customers will appreciate the convenience. You will love it
Tell customers to download Vank
Customers enter their name, phone number, email, and password to quickly and securely link their bank accounts to Vank with their credentials.
Receive secure ACH payments
Customers can pay you by scanning a QR code at your point of sale, clicking the ‘Pay with Vank’ button at your online store, or simply sending a payment by selecting your business manually.
Manage every transaction
Easily view detailed reports, reconcile transactions, issue refunds, and seamlessly manage payments from your intuitive administration dashboard.
Stats
Make more money per transaction and ensure customers return for more
Increase in average spend per order
Increase in completed online orders
Increase in returning online customers
Increase in average spend per order
Increase in completed online orders
Increase in returning online customers
Cannabis compliance
Why does Vank stand out as the only compliant payment solution for the cannabis industry in Puerto Rico?
ACH
Vank exclusively uses ACH (Automated Clearing House), directly connecting bank-to-bank transfers without involving Visa, Mastercard, or any card networks. This ensures straightforward, secure transactions, completely free from traditional card network dependencies.
Comprehensive onboarding
Vank implements a swift yet comprehensive onboarding process for merchants, carefully verifying that all cannabis-related documentation is current and compliant. This approach ensures every transaction is conducted within Puerto Rico regulatory standards.
NACHA/AML
Vank ensures full transparency by displaying the retailer’s name on the customer’s bank statements, fulfilling NACHA/AML requirements. This clarity maintains trust and compliance in every transaction.
State Regulators
Vank maintains unwavering transparency with regulators across every state in the US, including Puerto Rico, demonstrating a commitment to compliance and earning trust through its seamless operations.
Financial Partners
Vank partners exclusively with the leading compliant cannabis financial allies, Safe Harbor Financial, and banking partners including Partner Colorado Credit Union (the largest federally insured credit union) and Five Star Bank (the largest FDIC-insured bank). This ensures a regulatory-aligned financial environment.
Money services
Vank does not receive, hold, transfer, disperse, or otherwise process funds, nor is a money transmitter.
(a) Transactions go through ACH
(b) Transactions are governed by ACH rules
(c) ACH transactions comply with U.S. law.
Safety & security
Securely pay and get paid with Vank, where safety is our priority - We’ve got your back
Stronger login security
Our enhanced login methods—combining passwords and PINs—not only offer superior protection against phishing but also uphold clients privacy.
Financial encryption
Vank protects your financial data with AES 256 and TLS encryption, enhanced by multi-factor authentication (MFA) for added security. Each purchase and transaction is safeguarded by bank-grade encryption.
24/7 fraud monitoring
We continuously and diligently monitor activity and transactions within Vank and among our trusted partners, ensuring your account is thoroughly protected and your data remains securely confidential.
Transparent fees, trusted payments
Fees
Opening and holding an account
Free
Accepting cannabis payments
Get Vank for your Business
Download the app on your phone or sign up for free online.
