SAN FRANCISCO –
Treez, a leading enterprise commerce technology platform that helps retailers accelerate revenue growth, drive better operational efficiency, and increase profits, today announced multiple advancements in financial offerings for their cannabis retail customers: TreezPay One Application, the launch of Swifter ACH Payments and PayLater Embedded Financing. These enhanced financial service offerings from Treez give retail dispensaries additional tools to help grow their business and normalize their consumer experience both online and in-store. All three updates to the Treez enterprise platform are now available to existing and future Treez customers.
“Now more than ever, cannabis retailers need quick, easy and direct access to traditional fintech solutions including working capital and stable cashless payment options for their consumers,” said John Yang, Co-Founder and CEO of Treez. “With the launches of our TreezPay One App, Swifter ACH Payments and embedded financing within the Treez platform, we are delivering to our customers the sophisticated tools they need to compete effectively and grow their business.”
TreezPay One Application
TreezPay One Application massively streamlines the cashless payment application process amidst the growing risk of card network shutdowns, allowing retailers to apply and get approved for multiple compliant and redundant TreezPay products, including integrated card and direct ACH payment solutions, all at one time.
TreezPay One Application provides enhanced benefits for cannabis retailers who are no longer willing to accept “cash only” transactions as their sole means of conducting business. Cannabis retailers have found that accepting cashless payments boosts order value, decreases transaction time, and allows merchants to increase their average monthly revenue by 25% and average order value by at least 20%. The new TreezPay One application provides retailers with multiple options to solve this issue and create a better retail experience for consumers.
Swifter ACH Payments
Treez is excited to introduce the launch of Swifter ACH Payments, a proprietary solution, into its comprehensive suite of financial services. The announcement follows the acquisition of Swifter in Fall 2022, adding cutting-edge technology to TreezPay offerings.
PayLater Embedded Financing
Through Treez’s partnership with a leading fintech platform, Treez customers can easily delay their vendor payments with the click of a button within the Treez platform through the ‘PayLater’ product. All Treez retail customers get instant approvals for up to $10,000, and their first-month fee free. The game-changing lending service designed exclusively for cannabis retailers makes Treez the first point-of-sale (POS) platform to provide instant funding directly within the Treez platform.
About Treez
Treez is a leading enterprise cloud commerce platform providing point of sale software, retail analytics, cashless payments and integrated partner solutions to the highest volume retail operators in the biggest state markets in the cannabis industry. Treez’s innovative technology and insights help retailers accelerate revenue growth, drive better operational efficiency and increase profits.
The extensible open API platform provides smooth integration into a variety of best-of-breed solutions across ecommerce, delivery, customer relationship management, marketing and loyalty, accounting, ERP and more. Layered on top is a dedicated client success team and 24/7 customer support, giving retailers everything they need to grow their business.
For more information, visit www.treez.io.
