Kratom Payment Processing Guide For Merchants: How To Sell Kratom Online & In Stores

PaymentCloud isn’t strictly a high-risk merchant account provider but has developed a reputation for offering quality credit processing services to high-risk businesses.

PaymentCloud Features

PaymentCloud offers the following features:

• Merchant accounts
• Payment gateway
• Virtual terminal
• Shopping cart integration
• Credit card terminals and POS systems
• Mobile payments
• Customized application guidance
• Chargeback and fraud protection
• Ongoing negotiation and advocacy
• Merchant cash advances

PaymentCloud Pricing

Like most high-risk specialists, PaymentCloud does not publicly divulge pricing for high-risk accounts. This is because high-risk accounts generally have custom, negotiated pricing.

PaymentCloud offers both tiered and interchange-plus pricing.

Contract Requirements/Warnings

High-risk clients will generally have to sign a two-year long-term contract with PaymentCloud, with subsequent one-year contracts upon automatic renewal. While PaymentCloud does have early termination fees, it is possible to get them waived.

Where PaymentCloud Really Shines

PaymentCloud minimizes the hassle that high-risk merchants have to deal with to get credit card processing. Shorter long-term contracts, early termination fee waivers, and free applications all speak to PaymentCloud’s approach to the market. Kratom sellers will appreciate the support for online sales and a variety of integrations PaymentCloud offers.

Host Merchant Services is a small but rising star in the payment processing world. Host Merchant Services offers high-risk payment processing through its partnership with Electronic Merchant Systems.

Host Merchant Services Features

Host Merchant Services offers the following features:

• Merchant accounts
• Payment gateway
• Virtual terminal
• Shopping cart integration
• Credit card terminals and POS systems
• Mobile payments
• Referral program
• Data breach insurance
• Web hosting
• Merchant cash advances

Host Merchant Services Pricing

Like most high-risk specialists, Host Merchant Services does not publicly divulge pricing for high-risk accounts. This is because high-risk accounts generally have custom, negotiated pricing.

Contract Requirements/Warnings

Host Merchant Services doesn’t offer specific contract terms for its high-risk accounts. Electronic Merchant Systems’s contracts run for 18 months and automatically renew for subsequent 18-month terms. Canceling requires 90 days notice. There’s an early termination fee of $595.

Check with Host Merchant Services to see if its high-risk contracts differ.

Where Host Merchant Services Really Shines

Host Merchant Services has, so far, been very well-received by customers. You’ll find many positive user reviews of Host Merchant Services and relatively few complaints.

If you do most of your kratom transactions in cash, you can also take advantage of Host Merchant Services cash-discount program.

Easy Pay Direct is a payment gateway service that markets itself to high-risk businesses. Businesses seeking merchant services can, however, get a high-risk merchant account through one of Easy Pay Direct’s partners.

Easy Pay Direct Features

Easy Pay Direct offers the following features:

• Merchant accounts (through partners)
• Payment gateway
• eCheck payments
• Virtual terminal
• Shopping cart integration
• Credit card terminals and POS systems
• Mobile payments
• Developer resources
• Merchant cash advances and business loans

Easy Pay Direct Pricing

Like most high-risk specialists, Easy Pay Direct does not publicly divulge pricing for high-risk accounts. This is because high-risk accounts generally have custom, negotiated pricing.

However, Easy Pay Direct does charge a $99 account setup fee, as well as a $24.95 monthly account fee.

Contract Requirements/Warnings

Easy Pay Direct offers a traditional three-year contract for new clients, with automatic renewal terms of one year thereafter.

The good news, however, is that Easy Pay Direct does not charge early termination fees on most of its high-risk accounts (offshore accounts may have ETFs, however).

Where Easy Pay Direct Really Shines

As a payment gateway, Easy Pay Direct can pair with your existing merchant account if you already have one. Beyond that, the lack of early termination fees for most high-risk clients is a rare but welcome trait.

eMerchantBroker isn’t the cheapest option on this list, but it makes up for it by being able to place just about any legal merchant.

eMerchantBroker Features

eMerchantBroker offers the following features:

• Merchant accounts
• Payment gateway
• ACH and eCheck payments
• Chargeback protection services
• Cryptocurrency payments
• Merchant cash advances

eMerchantBroker Pricing

Like most high-risk specialists, eMerchantBroker does not publicly divulge pricing for high-risk accounts. This is because high-risk accounts generally have custom, negotiated pricing.

eMerchantBroker does offer premium plans that add features (like integrations) for additional fees.

Contract Requirements/Warnings

eMerchantBroker does have long-term contracts, but there is no standard length. You may be offered a one-, two-, or three-year contract. Automatic renewals will be for one year, however. You’ll want to give 90-days notice in the event that you want to cancel, though reportedly it can be as little as 30 days. Best to be safe, however.

Early termination fees range from $295 to $595, with lower fees corresponding to shorter contracts.

Where eMarketBroker Really Shines

eMarketBroker is essentially a last resort for businesses that are having trouble being placed anywhere else. eMarketBroker has a very high acceptance rate. As long as you’re selling a legal product, there’s a very good chance you can get credit card processing through it.