Naturepay
Key Data
- Trading Name: Naturepay
- Legal Entity: not given
- Activities: Banking and Credit Card Processing for Cannabis Businesses
- Location: Anchorage, Alaska, United States
- Regulations: unregulated
- Key People: Jim Lange (Linkedin),Justin Cummings (Linkedin)
Founded in 2015, Naturepay is a merchant account provider that specializes in processing credit card payments for legal marijuana businesses.
Offering
Naturepay offers financial solutions, banking, and credit card processing for cannabis businesses.
Their service includes:
- Cannabis Banking Services
- Cannabis Merchant Accounts
- Dispensary Merchant Accounts & Credit Card Processing
- Cannabis ATM’s
- Funding for MRB’s
Fees
Naturepay advertises on its website that it charges retail merchants 5.95% plus $0.30 per transaction with no hidden fees, no reserves, no termination fee, no monthly fees, and a month to month contract
Industries
High Risk:
- CBD
Regulation
It is worth noting that Naturepay operates without specific regulatory oversight, which raises concerns about the level of compliance and consumer protection measures in place.
People
Jim Lange (Linkedin)
Justin Cummings (Linkedin):
Jim Lange is the president of Naturepay, which is headquartered at 5614 Alora Loop, Anchorage, Alaska 99504.
Customer review
Regrettably, no customer reviews or feedback pertaining to the company have been sourced thus far.
Lawsuits and Fines
We have not found any outstanding class-action lawsuits or FTC complaints filed against Naturepay.
Conclusion
We could not find anything negative around Naturepay, however due to missing data about licensing and legal entity as well as missing customer reviews we rate the provider on ORANGE
