Heath Korvola/Getty Images Cash is king when it comes to pot.
Credit card companies don't make the distinction between those who want to buy marijuana for medical reasons and those who buy it for recreational purposes."Most merchant services companies do not want to accept credit card transactions from cannabis businesses," says Kristi Kelly, executive director of the Marijuana Industry Group, a non-profit trade organization for licensed cannabis businesses. Discover and American Express confirmed they don't allow cardholders to buy medical or recreational marijuana. Mastercard pleads the Fifth, acknowledging the legality isn't clear-cut."The federal government considers marijuana sales illegal, but is currently not challenging state laws that legalize marijuana sales," says Seth Eisen, a company spokesman.
Billing descriptors can be truncated by processing systems, causing incomplete phone numbers.
Avoid this by confirming your descriptors monthly, making test purchases with various credit cards, and reviewing the descriptions online and on your statement.
When I see the words "free trial," I know I'm probably going to have to whip out my credit card and enter in the number to "not get charged." Then I end up forgetting about the trial and want to kick myself in the ass when I see my statement at the end of the month. For that to work, you would need a valid expiration date and CVV or CSV number.
In order to avoid that rigmarole, you can actually use fake credit numbers instead of your own, and you can do that using the site getcreditcardnumbers.com, which can generate up to 9,999 credit card numbers at a time, or just one. This site merely provides the standard 16 digit credit card number that can be used to bypass certain online forms that only ask for the number.
For everything else there's Mastercard."Well, it's not exactly true.
While credit companies typically want you to pull out their credit card for a purchase, the payment networks -- American Express, Discover, Mastercard and Visa -- won't approve transactions that are treated as high-risk activities or run afoul of federal law, even if state laws allow it.
If you're intent on buying one of these naughty things, "it pays to discover" they can't be bought with your credit card.
Contact information should always include a toll-free phone number (digits, no letters) and an email address.
Billing Descriptor: This identifies you on the customer’s credit card statement.