GreenMed Review

Rates and Fees
1/100
Truth in Advertising
1/100
Consumer Reviews
1/100
Customer Support
1/100
1

Best for

Merchants in the marijuana and cannabis industry.

Specializes in

Mobile payment app with blockchain or secure technology allowing marijuana merchants to process debit and credit card payments

Pricing Summary

Setup Fee: Variable

Monthly Fee: Variable

Swipe Rate: Variable

Keyed-in Rate: Variable

Early Termination Fee : Variable

Contract Terms:

Unknown
Visit GreenMed

GreenMed was founded sometime in mid-2017 and is based out of Los Angeles, California. Little else is known about the merchant.

GreenMed Overview

 

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.

Quick Facts

Head Quarters

Los Angeles, CA

Year Founded

2017

CEO

David Dahan

Employees

10

Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • CBD & Hemp
  • E-Cigarettes / Vape
  • Marijuana / Cannabis
  • Nutraceuticals & Supplement
  • Smoking Accessories

Business Types Served

  • High Risk
  • Online
  • Retail / Card Present
  • Small Business
  • Wholesale

GreenMed Products & Services

 

Software


There is little known about the software options GreenMed would provide. At the time of this article, no known website can be located.

Financing


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. 

Hardware


There is little known about the hardware options GreenMed would provide. At the time of this article, no known website can be located.

GreenMed Payment Processing

  • Credit Card Processing
  • Crypto Currency Compatible
  • Debit Card Processing
  • Mobile Payments App

GreenMed Billing & Invoicing

  • Mobile Payments
  • Online Payments
  • Payment Processing

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

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

Pricing Model

Unknown

Swiped Rate

Variable

Keyed-in Rate

Variable

Mobile Payment Rate

Virtual Terminal Rate

Variable

Monthly Fee

Variable

Payment Gateway Fee

Variable

Batch Fee

Early Termination Fee

Variable

PCI Compliance Fee

Variable

Equipment Lease Terms

Variable

Address Verification Service (AVS)

Application Fee

Account Setup Fee

Variable

Gateway Setup Fee

Variable

Annual Fee

Monthly Minimum

Variable

Statement Fee

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.

Contract Length

Unknown

Early Termination Fee

Variable

GreenMed Setup & Support

 

Setup Highlights

Support Highlights

  • Domestic Phone Support (Business Hours)

GreenMed Complaints, Ratings & Reviews

There is no profile established on the Better Business Bureau (BBB) website. 

Ratings

BBB

N/A

Google

N/A

Facebook

No Reviews yet

Yelp

N/A

Reviews

Total Online Reviews

<10

Total Online Complaints

<10

Lawsuits

None

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