🤝 Cannabis + Hemp Payments That Don’t Shut You Down:

MTXE Merchant Processing

Sean Conley - / seanconley

In this episode of the GDM Podcast, we’re joined by Sean Conley, CEO of MTXE Merchant Processing, to talk about the part of cannabis that can ruin your week in 1 email.

Payments.

If you’re running a dispensary, hemp brand, THCa store, CBD ecommerce site, or any “ancillary” cannabis business, you’ve probably dealt with at least one of these:

Your funds got held.

Your account got shut down.

You got slapped with surprise reserves.

You’re paying 4 to 5 percent in fees and don’t even realize it.

Your processor ghosts you when something breaks.

Sean has spent years inside the payment trenches running divisions at major cannabis tech companies, and now he’s building MTXE to be the “true partner” processors keep pretending they are.

We break down what actually causes shutdowns, how underwriting really works, what contract traps to watch for, and why the next 12 months of hemp payments are going to be a hot mess for anyone relying on Stripe, PayPal, Square, or QuickBooks alone.

🎯 Using Stripe or PayPal for cannabis adjacent payments?

💸 Paying reserves that crush your cashflow for 180 days?

🧾 Want QuickBooks invoicing without QuickBooks pricing?

⚠️ Selling hemp or THCa and worried banks are about to tighten up?

This episode is your playbook for stable, compliant-ish payments that don’t collapse the second risk teams wake up.

📖 Download Our Free Cannabis Marketing Cheatsheet:

https://greendispensarymarketing.com/...

💻 Sell More Ounces, Bongs & Premium Products:

https://greendispensarymarketing.com/...

In This Episode, We Unpack:

✅ Why Stripe, PayPal, Square, and QuickBooks shut down cannabis and hemp businesses

✅ The real reason “they approved me fast” usually turns into “they froze my funds”

✅ What underwriting actually looks for (and why doing it upfront matters)

✅ How to avoid reserves and when reserves are actually justified

✅ Hidden contract traps: early termination fees, PCI fees, monthly monitoring fees

✅ What “sponsored banks” are and why offshore processing is a red flag

✅ How MTXE can integrate with QuickBooks while using MTXE pricing and support

✅ Vault + tokenized cards: charge clients in seconds without awkward chasing

✅ Recurring billing + automatic card updater so you stop losing subscriptions

✅ Text-to-pay invoices, fraud tools, chargeback protection, and ACH options

✅ What Sean predicts for hemp, CBD, and THCa payments over the next year

✅ Red flags every operator should spot before signing a processing agreement

🔥 Key Highlights:

📌 “If you’re using Stripe in high risk, it could be a matter of time.”

📌 Underwrite first, or you’ll process for a week then get nuked.

📌 Reserves can destroy cashflow even if you get the money back later.

📌 Most operators are paying way more than they think once the add-on fees hit.

📌 The real advantage is a partner who stays in the fight after onboarding.

👉 Like, comment, and share

(And if you want an intro to Sean, drop a comment with what you sell and what platform you’re currently using.)

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