Merchant service providers that are willing to take on Prohibited Wellness Industry can be hard to find. Many merchant providers will drop a your account after having it from months. They might take you on at first. But after sometime they will view your business as high risk, and put it under Prohibited category and will also drop your account without warning.
Kratom Gateways is considered as the BEST Solution for the Industry that allows you to accept different modes of payments from your customers and will also not shut you down after sometime.
Many merchants will give their clients a price up front, but hide fees or stipulations in the contract that allow them to raise the price after about a year. As a merchant processor for high risk industry, here at Kratom Gateways, we are very transparent about our fees and offer no termination fees should you choose to end your contract with us.
When you accept credit cards at the point of site, it should be the last time you think about that transaction. You shouldn’t have any payment processing responsibilities beyond providing your customer with a credit card terminal and having them swipe the card. Kratom Gateways also provides seamless integration with almost all the ecommerce platforms.
If a certain card brand can’t be accepted by your processor, then you’re more or less right back to where you started. You could easily run into the same situation. that you had before if a certain type can’t be accepted. Kratom Gateways accepts and allows all the Major Cards Brands and your customers could also pay by ACH, eCheck or Crypto Currency.
Most processors will charge ridiculous rates to high risk merchants because they know that you are probably desperate for a processor. Kratom Gateways has the cheapest rates and doest have any hidden feeses.
Your business needs a merchant account that won’t charge crazy high fees or cancel your account out of nowhere because you’re considered “high risk”. You need a processor that has experience with similar businesses and knows the struggles that you have already been through for trying to simply accept credit card payments.
Many business owners think that it’s too hard to get a merchant account, or that if they find one, the fees will be far too high. For the most part, they’re right. But with Kratom Gateways, your interests are put first. We want to be the merchant account provider that changes your mind.
If you've ever tried to sell CBD products online, you understand the depth of the struggle in trying to secure an online account. Kratom Gateways specializes in both brick and mortar and online cbd accounts with a 99% approval rate for our cbd merchants.
PayPal will technically approve CBD sales. But does PayPal allow CBD sales? A quick Google search will show that PayPal is notorious for shutting down the accounts of CBD businesses without warning and even holding their funds. PayPal stops accepting purchases of CBD businesses very frequently. Because of this, PayPal is widely regarded as poor to work with for CBD businesses.
You could just accept cash, like plenty of other CBD businesses, but that would severely limit your customer base. You could stick out amongst other CBD stores, or do exactly what they are doing. Think about the necessity of accepting credit cards this way: Each customer that you have to turn away because of your inability to accept credit card payments is a purchase lost. But, how many sales are you actually turning down in the long run?
Kratom Gateways has plenty of experience with “high risk” businesses just like yours. You'll have a team of dedicated professionals to help you through the application and approval process. With a quick terminal set up, you can be accepting credit card payments in no time.
We’ve worked with both online and brick and mortar Wellness businesses, and continue to do so because they trust us to process their payments at low rates and not cancel the merchant account. Earning the trust of your business and satisfying your need for a credit card payment processor, just like the other High Risk Restricted businesses, is our number one priority.
It’s common for processors to require that you, as a business, continue to process a certain amount a month in order to stay a client, or else you’ll face an additional fee to cover for the amount of the minimum that was not hit. With Kratom Gateways, the monthly minimum for our Merchants is only $25.
Unlike other high risk processors, Kratom Gateways does not charge massive monthly fees in addition to the per transaction fees. Minimal monthly fees means more money in your pocket.
How does a rate decrease sound? The longer you process with Kratom Gateways and demonstrate that your business is not such a high risk, you may actually find that your rate will decrease over time from where it began.
Our Virtual terminals and POS systems can accept credit cards and also accepts all the other digital payment modes like ACH, eCHeck and Crypto . We are pledged to keep your business from falling back into the original problem of only being able to accept cash.