Monday, September 26th, 2022
There are a few things to keep in mind when it comes to finding the best kratom payment processors. First, you’ll want to find a processor that offers low fees and is reliable. You’ll also want to find a processor that’s compatible with your kratom business.
What is Kratom?
It is a tropical evergreen tree from the coffee family, native to Southeast Asia. The leaves of the kratom tree are traditionally used for their medicinal properties.
For centuries, Kratom has served various purposes, including:
- Pain relief
- Improving mood
- Boosting energy
- Enhancing concentration
In recent years, kratom has seen a surge in popularity in the Western world as more people learn about its potential benefits.
Why is Kratom Popular?
There are a few reasons for kratom’s rising popularity.
First, the opioid epidemic has led many people to seek alternative pain management solutions. Kratom is often touted as a safe and effective natural alternative to painkillers.
Second, kratom is said to be helpful for people with anxiety and depression. Unlike some conventional medications, kratom is said to be non-addictive and to have few, if any, side effects.
Third, kratom is seen as a natural way to boost energy and enhance concentration. For many people, kratom provides a more sustainable form of energy than coffee or energy drinks.
Fourth, kratom is relatively easy to obtain. While it’s not yet widely available in brick-and-mortar stores, it’s easy to buy kratom online from a reputable vendor.
Finally, kratom is relatively inexpensive. A one-ounce bag of kratom powder can cost as little as $15, making it a very affordable option for many people.
The Challenges of Finding a Good Kratom Payment Processor
As kratom’s popularity has grown, so has the number of companies selling kratom products. However, finding a reliable and trustworthy kratom payment processor can be a challenge.
There are a few reasons for this.
Kratom is still relatively unknown in the mainstream.
This means that many payment processors are unfamiliar with kratom and how it’s used. As a result, payment services may be reluctant to work with kratom businesses.
Kratom is sometimes associated with illegal drugs.
This is because kratom contains alkaloids that can have psychoactive effects. As a result, some payment processors may be concerned about potential legal liability.
The FDA considers it a dietary supplement
This classification imposes some restrictions on how kratom can be marketed and sold. As a result, some payment processors may be reluctant to work with kratom businesses.
Fortunately, a few kratom payment processors are willing to work with kratom businesses.
In the next section, we’ll discuss the best kratom credit card processing firms and what to look for when choosing one.
The Best Kratom Payment Processors
Payment Cloud is a leading provider of payment processing solutions. They offer a wide range of services, including credit card processing, ACH processing, and check processing.
Payment Cloud is a great option for kratom businesses for a few reasons.
First, they’re a well-established and reputable company. They’ve been around since 2009 and have processed billions of dollars in transactions.
Second, they’re willing to work with high-risk businesses, including kratom businesses.
Third, they offer competitive rates. For example, they charge a 2.9% + $0.30 fee per transaction.
Fourth, they offer many features, including fraud protection, recurring billing, and quick deposits.
Finally, they have excellent customer service. Their customer service crew is available round-the-clock to answer any questions you may have.
eMerchant Broker (EMB)
eMerchant Broker is one of the leading merchant account providers in the United States. They offer a wide range of payment processing solutions, including credit card processing, ACH processing, and check processing.
eMerchant Broker is also one of the few merchant account providers that are willing to work with high-risk companies, such as those in the kratom industry. This means you can get the payment processing solutions you need without worrying about being rejected by your processor.
Host Merchant Services
Host Merchant Services is another popular merchant account provider. They offer a variety of services, including kratom payment processing.
What’s great about Host Merchant Services is that they offer a wide range of features. They also have a team of experts who are always available to help you with any questions you may have.
No matter which of these kratom payment processors you choose, you can only be confident you’ll enjoy the best possible service if you discuss the details upfront.
These processors are all experienced in working with kratom businesses, so you can be sure your transactions will be processed faster and safely.