Kratom is a fairly popular herbal substance that is known for calming anxiety, helping boost focus, and has even been found to be useful in helping people to break addictions to things like alcohol and tobacco. The risk profile of kratom is similar to that of caffeine. That is to say, it is possible to abuse it. But when used wisely, it can be very beneficial.
As a would-be kratom merchant, selling kratom is a great way to build an online or brick-and-mortar health supplement business. You will get the satisfaction of knowing that you are providing a valuable service to people who need it. But there are a few pitfalls you should be aware of.
What You Should Know About Selling Kratom
If you are interested in selling kratom online or in person, there are a few things you’ll need to come to grips with. For a start, six states in the U.S. have banned the substance and a number of countries globally have as well. Before we get any further, let’s just get it out of the way… selling kratom is legal, but people are afraid of it and that fear will cause you problems. You just have to avoid places where it is banned to stay out of legal trouble. Unfortunately, some of your partners won’t understand, especially the majority of big-box credit card processing companies. So, this is your guide to selling kratom amid the widespread, fear-based misunderstanding of the substance.
Is Kratom Safe?
Kratom is like any other substance that alters or affects the way the mind or body functions. It has its purposes, but it can be abused, and abuse can cause problems. The same is true of caffeine and Tylenol, and it’s especially true of tobacco and alcohol. Compared to those last two legal substances, kratom is about as scary as sea salt. But because it has a few superficial attributes in common with marijuana, people will give you a hard time as a kratom merchant. So, brace yourself.
Where Selling Kratom is Banned
At the time of this writing, kratom may not be legally sold in the following states;
- Alabama
- Arkansas
- Indiana
- Rhode Island
- Vermont
- Wisconsin
These areas also prohibit the sale of kratom through local ordinance;
- San Diego, California
- Sarasota County, Florida
- Jerseyville, Illinois
If you live in one of these restricted areas listed above and are still interested in selling kratom, you will have to obtain an out-of-state warehouse and sell online. The good news that is this is more than possible. It is a bit beyond the scope of our purposes here, but just know that you can do it.
Sadly, the list of countries where you may not sell kratom is rather long compared to the list of US states. The sale of kratom is banned in the following countries;
- Australia
- Denmark
- Finland
- Israel
- Japan
- Latvia
- Lithuania
- Myanmar
- Malaysia
- New Zealand
- Poland
- Romania
- Russia
- Singapore
- South Korea
- Sweden
- Thailand
- Vietnam
In New Zealand, you can get it if you have a prescription from a doctor. Unfortunately, that precludes most people from selling there. As you probably know, kratom has some verified medical benefits and that’s a threat to the pharmaceutical industrial complex. In other words, as a kratom merchant, you have got some pretty ruthless competition.
Another thing to keep in mind is that a lot of people believe that it is illegal everywhere. That means you may run into trouble with kratom processing sales in some areas. You may run into people holding onto your package just because they are afraid or because they think they can get away with it. Sadly, selling kratom could give you a lesson in the dark side of human nature that you didn’t bargain for.
Find Your Customer Base
This is the hardest part, but it will determine your entire branding and marketing strategy. You need to determine who will buy your products. What do they need? What is their income? Where do they live? This is a complex topic, so you owe it to yourself to read up on specifically targeting and catering to your buyers.
Know the Laws
We have already shown you where kratom is banned, but laws do change, so you will need to stay abreast of kratom-related legal issues. Making medical claims or selling kratom as a cure to anything will set you in hot water.
Pick Your Products
Are you going to sell kratom powder, kratom capsules, or some other form of the substance? The needs of your customer base should be the determining factor in making this decision.
Verify Your Source
It is absolutely imperative that the source of your kratom be qualified, capable, and responsible. Some suppliers will try to give you diluted kratom. Yes, it does sound shady, but the big manufacturers do it too. Do some research. Check your candidates for credentials and reviews. Take your time with this step.
Develop Good Branding
Your branding strategy will determine how your company appears to the customer. It affects just about everything to do with the experience of doing business with you. Your branding image should be tailored to suit your primary buying audience. So, once again, take the time to find out who you are serving.
Setting up a Kratom Merchant Account
It may take time to learn how to ship through and around states that have banned kratom, however, it is entirely doable. But there is another problem; obtaining legitimate kratom credit card processing. To be clear, companies like Visa and Mastercard do not give a hoot whether or not kratom is safe or legal. They only care about the fact that some people believe it is a dangerous, illegal drug and therefore it might hurt their public relations (and shareholders do not appreciate that).
There are a lot of products and services out there that can get you marked as a high-risk merchant and selling kratom products are one of them. Whether it is for political, social, or other reasons, there are just some things that more traditional payment processors are squeamish about working with. Selling kratom is one of those things. It means that if you have partnered with a house-hold processor like Paypal, Stripe, or any of the other generic, high profile payment processors, they will most likely deny you services, approve your account but then hold all your funds, or they may simply close your account without any notice.
Yes, it is unfair. But there is a solution. Here at Leap Payments, we specialize in serving the payment processing needs of so-called “hard to place”, high-risk merchants. We will never de-prioritize your payment processing needs, and we always deliver prompt, 24/7 customer service. Why do we extend service to high-risk merchants? It’s because the legacy payment processors have left a massive market-wide open due to their fickle natures, and if they aren’t willing to give you great service, then we will.
Better still, we can offer you competitive, standard rates and snappy customer service because our exclusive, US based, banking partnerships have given us the elbow room to do so. When you spend 10 years making a splash in the credit card processing field by offering accounts to merchants that others refuse to work with, you make a lot of friends along the way.
Using Leap Payments Kratom Payment Processing
We make it easy to start a business selling kratom or adding kratom capsules to your existing inventory. We offer face-to-face and online payment processing with guaranteed service for qualified vendors.
If you are new to setting up a payment processor account, that is not a problem. We will walk you through the process and make sure you get everything you need and nothing you do not. Best of all, we will get back to you promptly after you apply to let you know where you stand. If you have been turned away from other payment processors for your high risk products, chances are we can still get you approved.
Get in touch today, and say hello to reliable kratom payment processing!
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