What is Kratom?
The kratom tree, also known as Mitragyna Speciosa Korth, is an evergreen native to southeast Asian countries. It is a member of the Rubiceae family, a designation it shares with coffee. The people of southeast Asia have ingested kratom to treat a wide range of human maladies for millennia.
In recent years, kratom has gained in popularity throughout the United States. You can find numerous different strains including Bali, Maeng Da, Green Malay, Red Vein Kali, Green Sumatra and White Borneo to name a few.
Kratom Merchant Accounts
Finding a reliable merchant account for your kratom business has proved challenging previously. The primary reason for this is that as a result of lacking research, the FDA has stated there is no evidence that kratom is safe or effective for treating any condition. This is the major reason why acquiring banks and payment processors consider kratom to be high risk.
Up until recently, merchants selling kratom online were left with few options. They were forced to use unreliable offshore processing that could be terminated at a moment’s notice or alternative payment methods such as crypto, Venmo or closed loop cards. This makes running a successful ecommerce kratom business very challenging.
Domestic Payment Processing for Kratom
At D4 Payments, we can provide you with reliable, domestic credit card processing for your kratom website. We will also provide guidance to ensure you are compliant with all guidelines such as geofencing to prevent sales where kratom has been deemed illegal.
If you would like more information on how D4 Payments can help you set up your kratom merchant account, feel free to reach out!
