Payken Unleashed

Where Trust is More Than a Promise

At Payken, we’re on a mission to revolutionize digital payments by making trust the cornerstone of every transaction. With our secure and transparent platform, we’re changing the way you experience payments and paving the way for a more trustworthy digital future.

Why Payken?

Curently, Cannabis businesses cannot accept credit cards due to federal restrictions and the lack ofsupport from traditional financial institutions

 

This forces them to deal in large amounts of cash, which poses significant safety and security risks.

Payken offers a compliant and efficient solution to these challenges, allowing businesses to focus on
providing quality products and services to their customers.

The Solution for Unbanked Dispensaries

Whitney Economics Report Finds 72% of Cannabis Operators Consider Lack of Banking is Biggest Concern

Unbanked Dispensaries

Payken focuses on 'unbanked' industries. These are sectors where businesses often face difficulties in accessing standard banking and financial services. This can be due to various reasons, including regulatory restrictions or the perceived riskiness of the industry. Cannabis and gaming are typical examples of such industries.

arrow-btn

Integrations

Integrating the withdrawal of funds to PayPal is an innovative approach that can significantly enhance business operations, especially for industries facing challenges with traditional banking services. Here's how this feature can be beneficial.

arrow-btn

Streamlined Solution for Payroll and Tax Management

Payken's feature of allowing merchant withdrawals to PayPal and Venmo plays a critical role in normalizing operations for cannabis businesses. It offers a secure, efficient, and more inclusive financial solution, enabling these businesses to manage payroll, tax payments, and other transactions more effectively, fostering growth and stablity in this evolving industry.

Group 4131

Say Goodlbye to Cash Payroll and Tax Payments

Integrate Venmo and PayPal as funding sources for payroll in QuickBooks. This presents a modern, flexible, and efficient approach to payroll management. This integration not only enhances the payroll process for employers but also offers greater convenience and security for employees.

Group 4131

Payment Comparisons

Payken
DutchiEpay
CanPay
Cash
Payment
....
ACH
....
Debit
....
Cash
....
Paypal
....
ApplePay/GooglePay
....
Credit Cards
....
Banking
Closed Banking Loop
....
Bank Account Optional
....
Paypal, Venmo, Cashapp
....

How Payken Works

The core service involves the conversion of off-chain funds (USD) into on-chain digital assets (USDC) through the use of a smart contract. This service is facilitated by Payken and allows users to make secure and blockchain-recorded transactions, typically involving NFTs or digital receipts, in exchange for their payments. While Payken may enable transactions between buyers and sellers, its primary role is to provide the infrastructure and service that allows for the conversion of traditional currency into blockchain-based assets, along with the associated transaction processing.

Customers initiate payment using their credit or debit cards or other digital integration. Payken takes care of the rest, converting the payment to USDC and instantly crediting the merchant’s account. Customers receive an NFT confirming the digital transaction and any physical goods the merchant provides. Payken charges the customer a processing fee for the transaction. Simple, secure, and
convenient.

What Is USDC?

USDC stands for USD Coin and was created by Circle, a regulated intech. Circle represents the following

USDC is a digital dollar, also known as a stablecoin, that's available 24/7 and moves at internet speed. USDC is always redeemable 11 for U.S. dollars. USDC reserves are held in the management and custody of leading U.S. financial institutions, including BlackRock and BNY Mellon. View monthly attestations, which provide assurance that the amount of USDC reserves greater than or equal to the bamountin circulation each month, according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA).

https://www.circle.com/en/usdcCircle

Payken Features

Automated Payment Distribution

Smart contracts automate the payment splitting process based on predetermined conditions. This ensures accuracy and efficiency without the need for manual reconciliation. And because it's done on the blockchain, it's completely secure and trustless

Increased Security

With Payken, handling large amounts of cash is a thing of the past. Digital transactions reduce the risk of theft and fraud for a safer payment experience.

Convenient Transactions

Customers can make purchases easily and quickly with their choice of credit or debit cards, Apple Pay, Google Pay. Cash App or Paypal for a seamless transaction experience.

Accurate Accounting

Digital payments make it easier to track transactions and reconcile finances, helping you stay on top of your business finances.

Improved Customer Satisfaction

Offering digital payment options can attract more customers. Consumers spend 30% more on average with
alternative payments options to cash.