POSABIT Overview and FY 2021 Results
POSABIT'S GREATEST COMPETITION IS CASH
POSABIT's Advantages over Cash
ATM
In typical retail environments, cash is only used in 11%
of all transactions (down from 16% in 2018).
• In a cash-only dispensary, consumers are forced to
make a trip to the ATM.
• Customers artificially limit their spending power by
taking out cash prior to their purchase.
Cash stores are a target for criminals, digital payments
create a safer environment for customers and employees
• With a cap on their spending power, deciding
on their purchase and discussing options with
a budtender becomes a lengthier process.
• The average card transaction is almost double
the average cash transaction.
Store employee tips skyrocket with card
payments (dollar amounts vs. loose change).
POSABIT
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