Merrco And Gratify Launch Buy Now Pay Later For Ontario Cannabis Retailers

Merrco Payments Inc. and Gratify Payments Inc. launched a buy now pay later for Ontario cannabis retailers. Gratify is a buy now pay later platform that offers a new way for retailers to meet consumer demand through payment plans. BNPL from Gratify helps cannabis retailers sell accessories and other high-ticket items, and helps consumers use the payment method that best suits them.

"Buy now pay later has been an exciting addition to how Canadians want to pay," stated Fern Glowinsky, Merrco president and CEO. "Today, we're pioneering cannabis payments yet again and supporting cannabis retailers with new payment options just in time for the holiday season."

Features and benefits of Buy Now Pay Later from Gratify include:

• Help cannabis retailers offer more payment options to their customers

• Match the same range of payment experiences available in retail

• Keep up with consumer demand for payment method choice at the check out

"The cannabis retail industry is maturing, and consumers expect the same payment experience they get elsewhere," stated Ryan Brough, CEO of Gratify. "We're proud to help cannabis retailers in Ontario be first in Canada to accept buy now pay later."

Gratify BNPL will be available starting Dec. 12, 2022, for cannabis retailers served by Merrco in Ontario.

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Photo by Shelby Ireland on Unsplash