POSaBIT reviews

3.3

49% would recommend to a friend

(18 total reviews)

49% positive business outlook

POSaBIT has an employee rating of 3.3 out of 5 stars, based on 18 company reviews on Glassdoor which indicates that most employees have a good working experience there. The POSaBIT employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

18 reviews
2.0
Oct 23, 2023
Recommend
CEO approval
Business Outlook

Pros

Some great people work at Posabit. They are looking for new jobs. The office sometimes has lunch and they think that is good culture. You get to work with a lot of great people in the industry.

Cons

I agree with other posts that aren't fake. Customers and employees don’t matter at Posabit. Blame the industry for everything to cover up your own mistakes. Say something is basically illegal and then say it’s ok and get rid of compliance because you want to sell it to make more money. Salary negotiations are misleading and they know it. Then you start your job with no support because your boss is overworked and not allowed to manage you. Find out there’s no strategy except whatever the CEO and his kids or friends want to do even if everyone else disagrees. No interest in making a good product or help the industry. Some staff are convinced this is normal and they just suffer for no reason. Everyone else quits or is looking for a new job. The employees and customers deserve better.

5.0
Oct 19, 2023
Recommend
CEO approval
Business Outlook

Pros

It is extremely fun to work at a company that is trying to solve hard problems, like payments for cannabis. The team culture is great and the company has had a ton of success in growing quickly.

Cons

There are certainly days that are harder than others given the craziness of the cannabis industry. You have to be ok with change and be willing to learn from it, otherwise you probably shouldn't work here.

1.0
Oct 18, 2023

How to disenfranchise half a company

Recommend
CEO approval
Business Outlook

Pros

The only pro is POSaBit has hired some excellent people for many of their (mostly non-product) teams. The fact that they are dishonest and deceitful during their hiring practices helps them bring people on and then overwork them. (Claiming to offer stock grants during salary negotiations when its actually options that cost twice what the company's stock is worth may not technically be a lie, but if people knew the difference they wouldn't sacrifice salary for it.)

Cons

-Leadership and strategy are non-existent. -Underpaid for the industry. (Pay when you’re hired is also not accurate since they’re constantly delaying commission for sales and bonuses for the rest of the company while paying those at the top) -Hiding truths from their customers and using Customer Success or Support as scapegoats. -Huge amounts of nepotism – especially at the product and leadership level. Just friends & family at the top mean no one to listen to customers or speak truth. -constant unrealistic expectations based on random strategy changes and blaming the “cannabis market” despite no effort to understand the cannabis industry -product doesn't work the way it's described and is increasingly full of bugs and stupid design issues since it only has to be “good enough” until the company gets bought

Viewing 10 - 12 of 18 Reviews

Glassdoor has 18 POSaBIT reviews submitted anonymously by POSaBIT employees. Read employee reviews and ratings on Glassdoor to decide if POSaBIT is right for you.