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Kratom Merchant Account Solutions

Keep Your Kratom Merchant Account Online

  • 24/7 U.S. Based Custom Service
  • $0 Set-up Fees
  • No Minimum Credit Score
  • Fast Funding
  • 99% Account Approval Rate
  • Chargeback Protection Programs

Don’t let a shutdown from your credit card processor bring your Kratom business to its knees.

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If you are currently looking for a Kratom business high-risk merchant account, stop your search now. Limitless Payment Solutions has a domestic solution for you.

At Limitless Payment Solutions, we help you comply with current laws and get your Kratom business approved for a high-risk merchant account.

Why Choose Limitless Payment Solutions for your Kratom Merchant Account?

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$0 Set-Up Fees

Start with us, not with fees

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A Partner in Your Success

Available 24/7, Limitless Payment Solutions works tirelessly to help your Kratom business payment processing problems solved in a New York Minute.

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99% Approval Rate

Limitless Payment Solutions' vast network of different processors helps ensure we find you the perfect fit for your Kratom business account.

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Reliable Merchant Accounts

Rest assured that your online Kratom business won’t be suddenly shut down or taken offline.

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Fewer Chargebacks

Rapid dispute resolution mitigates chargeback risks, effectively protecting your business’s health.

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Fraud Protection

Protect your investment and customers with Limitless Payment Solutions' fraud protection technology.

About Limitless Payment Solutions

With nearly 20 years of experience in the credit card processing  industry, Limitless Payment Solutions has provided holistic financial and business services for high-risk industries. We care about your business’s success and keep your business’s best interest at the center of everything we do.

Because of our experience and relationships with major credit card processors, Limitless Payment Solutions can find you the fastest approvals or lowest rates. At the same time, you get to focus on your Kratom business.

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Everything You Need to Know About Kratom

Kratom, scientifically known as Mitragyna speciosa, is a tropical evergreen native to Southeast Asia. For centuries, Kratom has been used in traditional medicine to relieve musculoskeletal pain, increase energy, appetite, and even heal wounds.

Exploring the Benefits of Kratom

Kratom’s benefits range widely, from providing a much-needed energy boost to aiding with pain management and improving mood. Here are some of the ways people have experienced the benefits of Kratom:

Frequently Asked Questions

Kratom’s legal status in the United States varies by state. Federally, the United States does not currently classify kratom as an illegal substance, but it is considered a “drug of concern.”

In 2019, the FDA warned consumers not to take kratom supplements, and it is illegal for businesses to market kratom for human consumption or to market its proposed benefits as a health supplement.

Many U.S. states appear to be taking matters into their own hands and have passed laws restricting the sale and use of kratom.

These are subject to change with time.

  • Alabama
  • Arkansas
  • Indiana
  • Rhode Island
  • Vermont
  • Wisconsin
  • District of Columbia
  • Illinois (Over 18)
  • Tennessee (Over 21)

Additionally, laws are pending in several other states, making the future of kratom legality for the U.S. market slightly uncertain and a risk to domestic banks.

Kratom businesses often require a high-risk merchant account solution because of the unique challenges and regulatory requirements associated with these businesses.

There are a few reasons why mainstream financial institutions shy away from Kratom businesses, including:

  • Varying legal statuses across states
  • Higher likelihood of chargebacks
  • Unique regulatory requirements

Working with a high-risk merchant account servicer like Limitless Payment Solutions ensures a reliable processing solution for your business without the constant, looming threat of an account closure or payment interruption.

Yes, there may be restrictions on the types of Kratom products you sell. These decisions are based on the legal framework and guidelines for the sale of Kratom in your state and the policies of your payment processor.

For more information, speak with a Limitless Payment Solutions representative today.

We have a featured industry list, but that is not all we accept—there are too many to list. We can approve any legal business!

Domestic account approval typically takes 48 hours, given that we have all the paperwork.

All high-risk processors ask for a rolling reserve. Typically, it is 10%, and in rare cases, there will not be any. This reserve is taken from your batch amount daily to offset the risk associated with the merchant account. The rolling part means that in 7 months, you get back the money they took out in month 1, and so on. Chargebacks do not get taken out of the reserve; those get taken out of your bank account. A reserve is in case of an emergency.

Pricing for high-risk merchant accounts varies depending on the business and the amount of risk. Higher risk account rates will trend higher depending on risk. Don’t be fooled by low pricing. Please call us, and we can explain how processors try to hide fees. Limitless will always work to get the best deal for you.

YES!

No, Limitless does not charge a set-up fee. If there ever is one, we will disclose it. Typically, you see this with offshore accounts.

Typically, your funds get deposited within 48 hours. Offshore accounts are once a week.

To keep your customers, keep it simple.

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