On August 11, 2022, Dutchie hosted a webinar to explore how cashless payments can boost dispensary sales. Specifically, the webinar dove deep into Dutchie’s premier cashless payment solution, Dutchie Pay.
The program kicked off with Jill Rose, Vice President of Operations at Dutchie, for an overview of payments writ large in cannabis in the US. From there, Doug Rodewald, Dutchie’s Head of Payments, detailed Dutchie’s newest product offering, Dutchie Pay. Eileen Byrne, Product Marketer for Dutchie Pay, completed the main stage component talking about what Dutchie is hearing from dispensaries that have rolled out Dutchie Pay.
The program concluded with a question and answer period where Jill Rose, Eileen Byrne, and Chris McFall, Head of Dutchie Pay, answered audience questions.
Jill Rose described the key challenges dispensary operators and consumers face when it comes to cannabis, including: the cost of dealing mostly in cash, the challenges cash poses to operations, and the clunky customer interaction. Additionally, Rose noted that only 16 percent of consumers report actually carrying cash with them day-to-day.
Doug Rodewald provided a walk through of the technology and approach of Dutchie Pay, including how consumers are able to easily login to connect their bank accounts seamlessly to Dutchie Pay. Rodewald also noted the benefits to average order value achieved through cashless payments, the reuse rate for those utilizing Dutchie Pay, as well as the demographics observed for those making cannabis purchases through Dutchie Pay.
Eileen Byrne from Dutchie’s Marketing team shared details of how Dutchie’s dispensary partners are finding the roll out and uptake of Dutchie Pay. She noted that dispensaries utilizing Dutchie Pay as their cannabis payment processor are observing increased order values, more streamlined operations, and safer delivery options than dealing as a cash-only business.
To wrap up the session, Jill Rose, Eileen Byrne, and Chris McFall, Head of Dutchie Pay, joined me for a moderated question and answer period. The group took questions about the tipping functionality within Dutchie Pay as well as other operational questions, like onboarding timelines.
If you have additional questions about Dutchie Pay, contact us to learn more!
Dutchie Pay is a fully-integrated digital payment solution that both dispensaries and consumers can trust for secure cashless payments. Using a closed-loop automatic clearing house (ACH) solution, Dutchie Pay allows consumers to purchase their favorite cannabis products while automating compliance so that dispensaries can focus on growing their business.
Oh, and did we mention that over 70% of shoppers who use Dutchie Pay at a dispensary return to that dispensary within 90 days?
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