Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

#Cannabis Stock News: SinglePoint (OTC: $SING) Signs Reseller Agreement for High Risk Merchant Processing

Investorideas Featured Company: SinglePoint Inc. (OTC: SING)


SEATTLE, WA - May 9, 2017 ( Newswire) SinglePoint, Inc. (OTC:SING) has signed a new agreement enabling the company to start onboarding 'high risk' merchant accounts. SinglePoint has committed much time and resources to finding solutions for businesses that are considered 'high risk'. Under this new agreement the company can now start onboarding these businesses. Once a business is approved they will be able to sell their products and services just as any other business does. This is another big step in solidifying SinglePoint's position in the payments space. The next milestone will be working to integrate this solution into the company's Pay by Text solution.

Being able to process high risk accounts is a lucrative industry and company executives believe this is not only a viable solution but a profitable one as well. There are over 100 business types that are considered high risk including, auctions, vape pen sales, gambling, online gaming and more. The cannabis industry is projected to reach $24.5 billion by 2025. The company believes when the banks do open and start accepting cannabis businesses they will start out as a high-risk merchant.

Margins on the high-risk accounts are much larger than traditional accounts and SinglePoint team believes it can utilize its existing relationships to quickly onboard clients. The move helps position SinglePoint as a legitimate contender in the industry.

The company is working on other payment solutions that will be available for all businesses and is hopeful that development of the technology should be done in the coming months. SinglePoint CEO, Greg Lambrecht, states, "We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well. Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point."

The solution offers approved merchants the ability to process payments instore, online, through Point of Sale systems and soon through text message by way of SinglePoint's Pay by Text technology.

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at:,, and

For more information visit or

Link the company website to the tracking url

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the 420 Cannabis Investor Ideas of 2017 at

Marijuana / Hemp Stocks

Like Marijuana Stocks? View our Marijuana / Hemp Stocks Directory

Join our Group on Linkedin - Marijuana / Hemp Stocks - News and Trends in Green Investing

Global Cannabis Investing - features Investor Ideas Cannabis news

Get News Alerts on Marijuana Stocks

Watch the 420 Cannabis Investor video

Disclaimer: This directory is not a recommendation to buy or sell securities or products or services charges a fee for placement. The directory is not an endorsement or recommendation but meant to be an investor resource/ due diligence tool.

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Disclosure: Companies Featured on the 420 Cannabis Investor Ideas have paid a one-time fee of Up to $1000 to be featured on the directory and is also a featured cannabis company for news and PR, social media for one month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info:  Global investors must adhere to regulations of each country.