US Based Kratom Payment Processing
QuadraPay brings to you US Based and Offshore Kratom Payment Processing solutions. Get fast settlements and pay low transaction fees with Tier 1 quality Kratom Merchant Services.
Kratom Credit Card Processing
Our Partner Processing companies have experience in processing card transactions for Kratom. You need a Kratom Credit Card Processing Solution then apply today.
This industry is considered high risk by almost every Card Processing company. Merchants from this industry require Kratom Credit Card Processing, and yes, it is a challenge. Though Kratom has medical benefits, card brands do not love it very much. With credit card processing, merchants from Kratom Industry can accept well-known cards. This is the ideal requirement of business owners. lets face reality. There are not many card processing options for Kratom merchants. We will still try to find a solution, although we can not guarantee approval. So what should you do?
Everyone is saying no to Kratom. Quadrapay is here to help you.
Benefits Of Kratom Credit Card Processing
Get Yourself Ready For Kratom Payment Processing Solution
If you plan to get a payment solution for your kratom business, keep these things in mind.
You should have an excellent good credit history. If it is not then you may need a bad credit merchant account.
You should have all the necessary documents with you. To name a few, such as
Certificate of Incumbency
Incorporation Certificate
KYC documents of all the directors, etc.
Your website should have a Disclaimer page, Privacy policy, and contact us page.
Apply Today To Get A Merchant Account For Kratom Starting 2.99%*
Kratom Merchant Services FAQ
Can I Use Echeck To Accept Payments On My Kratom Site?
If you sell kratom products and require a robust solution, you can look at Alternative Processing with Echeck. It has a similar value to paper check processing. Most merchants in the United States selling kratom products usually prefer e-checks as payment solutions. Funds are settled in the bank account of the merchant. Don’t get disappointed; we have various solutions for this industry. We can help merchants with Echeck. Our partner processors provide merchant solutions for hard-to-place industries.
Can I Use Alternative Payment Methods For Kratom Sales?
The Kratom industry usually faces critical challenges regarding Credit Card processing. There are multiple reasons behind the same. Fortunately, there are still a few alternative kratom merchant account processing modes that USA-based Kratom merchants may utilize. These processing solutions offer a payment method that can be used for Kratom and Mitragyna Speciosa sales. These include Echeck, ACH, Check 21, Vouchers and Gift cards.
What Are The Fee Components In Kratom Credit Card Processing?
After evaluating your profile, the credit card processing company will decide the actual rates. You should know these are a few important components of the fee structure.
MDR. This is a fixed percentage the credit card processing company will charge on each transaction.
Per Item Fee. The processor may also charge a fixed $ amount on each transaction.
Gateway Fee. The gateway charges a monthly fee.
How Does Echeck-Based Kratom Payment Processing Work?
If you are searching for a reliable solution that will help you reduce your payment processing stress, we recommend you evaluate this option. Merchants can use check to process payments from their customers. The solution is reliable and easy to integrate with your website. We provide you with an easy-to-integrate API and help you throughout the process. Once the payment gateway is set up, the customer can submit the account and routing numbers to pay you. The Check processing company verifies the details and settles the fund in the merchant’s account. Most of the Kratom merchants prefer echeck as the payment solution.
We suggest Kratom merchants evaluate and use check21 payment options as these are highly reliable. Unfortunately, card solutions are very limited and, most of the time, not very stable.
Why Is Kratom A High-Risk Industry For Merchant Acquirers?
The product, its effect on health, and its legality are the key reasons why most banks say no to Kratom merchants. Fortunately, selling Kratom in many states and nations is still legal.
Very few payment processing companies now offer merchant services to kratom merchants. As a high-risk merchant account specialist, we can help you accept payments on your kratom site.
Is Kratom Legal?
Kratom is currently legal in a few countries. Currently, it is illegal in Malaysia, Burma, Australia, and Thailand, and These countries have severe penalties if you are caught in possession of the herb. Laws often change, so before selling or using Kratom, double-check to ensure that it is legal in all the jurisdictions of your business. Please keep in mind that Kratom is not legal in all US states.
How Much Time Do Kratom Payment Processors Take To Approve An Application?
It depends on factors like the solution type and merchant’s profiles.
If the merchant’s profile is good and the application is with domestic US banks, then the approvals may come in a week.
If it is an offshore solution, the provider may take 2-3 weeks.
