Payment Provider for Kratom / higher risk

ilikerolls

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I am having a really hard time finding a decent payment provider that is OK with selling Kratom. The cheapest I have found so far is 7% per transaction and a 10% reserve that you will get back every 6 months. I understand we are considered high risk for whatever reason and fees will be higher, but as a new company it is tough to deal with 10% of our money being tied up that long. Is this pretty standard for a company like ours? Does anyone have any other suggestions for Payment Providers? Getting tired of being kicked off of Square, Paypal, etc...

Thanks in Advance.
 

Rob Whisonant

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Since you are in a high risk industry you are going to be paying very high fees with large reserves. Most will even charge you a $500 to $2,000 compliance fee per year on top of what you have already experienced.

So the answer is yes, the fees you are paying are well in line.
 
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