Kratom Merchant Account

Apr 25, 2023 | Payments

Even though the market for kratom is starting to sky rocket, entrepreneurs are still faced with added difficulties. When it comes to obtaining a kratom merchant account, you will need high risk payment solutions. As a kratom shop business owner, it’s essential to understand the fundamentals when it comes to high risk merchant accounts and the kratom payment processing.

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Kratom Payment Processing

Regardless of how popular an emerging product like kratom may be, regulations and processes must be followed in order to keep products on the market safe for consumers. Acquiring banks and payment processors recognize this and adhere to the standards put in place by regulatory organizations.

As a result, merchants looking to sell kratom products online or in-store specifically need high risk payment processing solutions. Luckily, there are kratom payment solutions on the market. However, the payment acceptance options are limited because of the high risk label kratom products currently hold.

Merchant Accounts for Kratom

Technically known as, mitragyna speciosa, kratom is native to Southeast Asia and is a tropical evergreen that is part of the coffee family. The efficacy and safety of kratom is still in question since there is minimal research being done on the substance as of 2018.

As a result of the lacking research, the United States Food and Drug Administration has stated that there is no evidence that kratom is safe or effective for treating any condition. This is a major reason why acquiring banks and payment processors consider kratom as high risk. Therefore, kratom merchants must find specific payment solutions for their online credit card processing.

However, many users of kratom find it helpful to relieve pain, depression, and opioid addiction. Kratom products have also been known to have aphrodisiac effects.

Basic Kinds of Kratom Strains:

White Vein Kratom
This strain is known to be the most potent as well as the most versatile. It offers a more intense result without being dominating.
Yellow Vein Kratom
This strain is the most uncommon kind of kratom. It has the strongest aroma and flavor. Additionally, it has intense effects. Compared to white vein kratom, it is more powerful.
Red Vein Kratom
From its red appearance, the red strain is the most mellow. It is easily available. So that helps make it one of the most popular strains of kratom on the market.
Green Vein Kratom
Green strains of kratom have more subtle effects than the white vein strain. It is not too strong. And it is not weak. As a result, it is known to be the best kind of kratom to start with as a beginner.

Types of Kratom Products

As with any consumable product, kratom comes in several types of forms. A kratom merchant account can cover powders to kratom stems. This market already has many kinds of kratom products.