Aeropay Teams Up With KindTap To Offer The Cannabis Industry 'The Most Robust Solution Available For Compliant, Contactless Payments'

Aeropay announced a partnership and integration with KindTap, the cannabis industry's consumer credit solution that enables Aeropay-powered cannabis operators to accept digital credit at checkout. In addition to supporting increased dispensary revenue, the integration provides shoppers with a modern retail experience by offering both compliant bank-to-bank transfers and digital credit in one product. At checkout, Aeropay customers can choose to link to their bank for seamless ACH transfers or apply for digital credit, powered by KindTap.

KindTap is a digital payments platform that allows customers to compliantly purchase and pay later with credit. KindTap offers end consumers a seamless sign-up process and a line of credit that can be used instantly after approval at participating Aeropay e-commerce and brick-and-mortar merchants. Customers can access their account features through Aeropay without the need for any physical credit cards or paper statements.

Jessie Heasley, director of operations for KindRun Massachusetts LLC, a cannabis home delivery platform that utilizes Aeropay, stated, "As one of Boston's leading cannabis home delivery operators, we are constantly seeking ways to make our deliveries more efficient and safer by removing cash from the equation. The combination of Aeropay's bank-to-bank transfers and now credit, powered by KindTap, is by far the most robust solution available for compliant, contactless payments. We are truly honored to be one of the first operators to bring this service to market."

The credit offering's flexible payment terms allow customers to pay their bill within 30 days with no interest, or to pay their bill over a period of monthly installments. To protect customers from credit card debt, the credit solution, powered by KindTap, grants credit lines of up to $1,500 with shorter repayment terms to make money management more effortless. The interest rate added onto KindTap's revolving balances is 18%, a lower rate than most traditional credit cards.

Merchants already accepting Aeropay can add credit now, as the product is tested and currently in-market.

Photo: Courtesy of Aeropay