The 10 Best Kratom Merchant Account
Caught in a swirl of controversy in the US and around the world, and hailed for its numerous medicinal properties, Kratom is a tropical tree from Southeast Asia. For hundreds of years, its leaves have been used to relieve pain. Although it can be consumed raw, it usually is crushed to brew and make tea. It is also turned into capsules, tablets, and liquids.
When consumed in low doses, kratom acts as a stimulant. However, in higher doses, it has been found to act as a sedative.
According to the American Kratom Association (AKA), there are about 3-5 million kratom users in the United States. In 2016, it is estimated that the Kratom industry in the United States alone is worth over one billion dollars.
However, the Drug Enforcement Agency (DEA) in the US has claimed that the use of kratom can lead to psychotic symptoms and psychological addiction. Kratom has been featured on the DEA’s list of drugs and chemicals of concern for several years.
Since 2016, in the UK, the import, export, and sale of kratom was prohibited under the Psychoactive Substances Act.
Despite the controversy and many countries aiming to outlaw the kratom, its use is surging. With many users claiming that this alternative treatment heals chronic pain, opioid withdrawals, and mood disorders, kratom will only grow in popularity.
However, because of questions of legality, most banks will not offer merchant service accounts to those in the kratom business.
There are merchant service providers ready to fill this gap and offer kratom merchants a way to process payments and grow their businesses. Take a look at 10 of these merchant service providers to see where they fit in your kratom business.