AeroPay Partners With Blackbird To Bring Online Payments Into The Cannabis Industry

Digital payments platform AeroPay announced Tuesday it has entered into a strategic partnership with Blackbird, a cannabis software and delivery company, with the objective of creating a platform to enable cannabis businesses to accept cashless operations.

The partnership integrates AeroPay’s payments platform into Blackbird’s cannabis marketplace.

Although cannabis has been considered an essential business, businesses are still unable to accept traditional card payments due to the plant’s lingering federally illegal status. This forces the entire industry to highly rely on cash transactions, with the risk it entails.

“Cash payments have dominated the cannabis retail consumer experience until now,” said Tim Conder, CEO and co-founder of Blackbird. “As licensed cannabis operators, we know the benefits of moving toward cashless payments but also understand the challenges with banking as a cannabis business. Our partnership with AeroPay and the integration of our platforms allows our retail partners and their customers to easily accept digital payments and remove the hurdles associated with being a cash only business."

Using the new functionality, Blackbird customers will be able to pay online, through a bank-to-bank transfer that goes directly to the business.

The companies also expressed their intent to expand this payment platform to other sectors of the cannabis supply chain.

“We’re excited about the future of our partnership with AeroPay as both companies have the ability to service the entire value chain,” said Conder. “This is only the beginning of a long-term relationship that has the opportunity to change the way cannabis businesses operate.”

Adding to these comments, Daniel Muller, CEO and founder of AeroPay told Benzinga, "The AeroPay platform is built to handle in-person and online payments for both C2B and B2B. This gives us the ability to serve environments through the entire cannabis supply chain - from grow ops and cultivators to retail dispensaries, e-commerce sites, and delivery. Our plan is to work with our partners at Blackbird to build on the foundation we've set with our initial integration and continue to identify new segments that can benefit from our integrated solutions."

Posted In: AeroPayBlackbirdpaymentsCannabisNewsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.