The kratom industry continues to grow nationwide as more holistic and wellness specialists utilize the medicine as an alternative to prescription medication. Unfortunately, many kratom businesses struggle because traditional credit card merchants refuse to let them use their service.
There is a lot of uncertainty in the kratom market. It can even be difficult to get a clear answer on the legality of its sale and distribution or what the product is used for. What is it about kratom that is so controversial?
Consumers are consistently doing more shopping online. Globally, the e-commerce market is expected to reach nearly $5 trillion and account for roughly 18% of all retail sales by 2021.
There are two ways to obtain a high-risk merchant account. One way is for the merchant to go directly to a processor and the other way is for the merchant to use an experienced high-risk account specialist, who has access to many processors.
Despite the incredible growth potential, nutraceutical businesses are still treated as high-risk merchants by banks and payment processors.