GreenMed was founded sometime in mid-2017 and is based out of Los Angeles, California. Little else is known about the merchant.
|Early Termination Fee||Variable|
GreenMed started in mid-2017 with a unique approach to processing payments for marijuana purchases. A mobile payment application was developed using blockchain technology, making changing or hacking the system extremely difficult. Another way GreenMed was attempting to stand out was by offering an opportunity for a pre-sale of its GreenMed tokens, which could then be used as a cryptocurrency when the site went live in Q3 2018. Pre-sale of the tokens concluded in October 2017. Use of the tokens meant evading rules and regulations mandated by major financial institutions for credit card processing fees.
Reviewers claim that contract terms and transaction fees were not disclosed on GreenMed’s website. Multiple claims are made declaring GreenMed is not a reputable company. Their social media platforms and blogs have not been updated in months.
GreenMed Pros & Cons
GreenMed Products & Services
There is little known about the software options GreenMed would provide. At the time of this article, no known website can be located.
The idea behind the GreenMed tokens was similar to other cryptocurrency platforms. Customers would enter their credit or debit card information on the app and browse marijuana products at local dispensaries. At the time of purchase, they use their credit card information to purchase a set value of tokens. Merchants can then cash the accumulated tokens to their current market value rate for immediate payout; however, GreenMed created an incentive to hold on to the tokens instead. By charging a small fee per transaction, earnings on those fees would be distributed to holders of tokens.
Since the financing information and transaction rates are not publicly available, little is known about the financing options. At the time of this article, no known website can be located.
There is little known about the hardware options GreenMed would provide. At the time of this article, no known website can be located.
GreenMed Advertising & Sales
There is little known about advertising or sales for GreenMed. At the time of this article, no known website can be located.
Truth in Marketing
|Advertises Deceptive Rates||No|
|Discloses All Important Terms||No|
|Public Pricing Available||No|
GreenMed Pricing, Rates & Fees
Pricing and fees were not disclosed at the time the social media platforms and website were active. Little else is known about this information as a website cannot be located.
Pricing At A Glance
|Mobile Payment Rate|
|Virtual Terminal Rate||Variable|
|Payment Gateway Fee||Variable|
|Early Termination Fee||Variable|
|PCI Compliance Fee||Variable|
|Equipment Lease Terms||Variable|
|Address Verification Service (AVS)|
|Account Setup Fee||Variable|
|Gateway Setup Fee||Variable|
GreenMed Contract & Terms
Contract terms were not disclosed at the time the social media platforms and website were active. Little else is known about this information as a website cannot be located.
GreenMed Setup & Support
Other than the concept of the mobile payment app and the GreenMed tokens, little else is known about the setup or support GreenMed would have offered. At the time of this article, no website can be located.
GreenMed Complaints, Ratings & Reviews
There is no profile established on the Better Business Bureau (BBB) website.
|No Reviews yet|
|Total Online Reviews||<10|
|Total Online Complaints||<10|