If you’re in the kratom space, you already know the drill: Stripe won’t touch you, PayPal freezes your funds, and banks treat you like a liability. And yet, your customers are loyal, your chargebacks are low, you’re running a clean, legal business. So why is it so hard to get a merchant account?
Rapid Dispute Resolution is a technology-driven process that allows merchants to resolve transaction disputes before they escalate into chargebacks. RDR intercepts disputes at the earliest stage, typically when a customer contacts their bank, and allows the merchant to issue a proactive refund or response, often in real-time.
Have you been denied or declined for a standard merchant account? Maybe you are in an industry that processors classify as high risk, such as tech support or online neutraceutical sales. If so, you most likely need to apply for a high risk merchant account. There is no reason to be distressed by this, there are many
Many people think that because they run a legal and legitimate business there is no reason to have multiple merchant accounts. Why would a bank shut down a perfectly legal and clean account? Regardless of whether your merchant account is at risk of being shut down by the processor, there are many benefits to having multiple accounts if you are a high risk merchant
If you are running an e-commerce business it is essential that you have the ability to take credit card payments online…