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Need help finding a payment processor

Discussion in 'Ideas, Needs, Concept Feedback' started by Michael N, Sep 14, 2018.

  1. Michael N
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    Michael N Contributor Read Millionaire Fastlane

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    Hey guys, so I'm struggling at the moment. I own an e-commerce website that distributes kratom, which is a natural leaf that people use as a vice, alternative to opiates, alternative to anti-depressants, social anxiety (it actually really helps me with networking,) and more. but that's beside the point. Basically, I can't find a payment processor that will work with me. Kratom is in a strange place at the moment. not to be a conspiracy theorist, but the stuff is so effective at helping all the areas mentioned earlier, that big ol Pharma does not want it to be popular. because its cheap, natural, and literally grows on trees, it has the potential to take billions of dollars out of the opiate industry (I'm not just saying this to hype kratom up, im getting to the point) Furthermore, the FDA pumped out a bunch of false, inconsistent, unscientific reports (which they got caught doing Kratom Association: FDA Review of Herbal Supplement ‘Junk Science’ – Rolling Stone) and because of that, lots of payment processors do not accept people who sell kratom. I wanted to be honest and transparent when I got into this business, so Kratom is in the name of the LLC("KratomBee"). but because of that, most payment processors shut me down within weeks of starting up with them, even if I asked them while signing up. right now I have e-checking as my only payment processor, but I'm afraid that it's too annoying for people to use. I have a decent amount of followers because the quality speaks for itself, but I'm afraid I'll never reach the next level unless I figure out how to process credit cards. some of my competitors have payment processing, but usually, its because they hide their kratom on their site and don't have "kratom" in their name. Does anyone know if I'm able to use payment processors from other countries?
    cheers,
    Michael N
     
  2. Supercar
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    Supercar Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I have never heard of kratom. I do not think anyone in the banking industry knows what kratom is. But you could rename your LLC. Some companies have second names d.b.a. == doing business as. You can have kratom as your d.b.a. name, if you must.

    Open a vitamin store and add a bunch of junk there. Have that as your "primary business". But use your payment processors to process your kratom transactions as well.
     
    Tommo likes this.
  3. biophase
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    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Try T1 payments out of Europe. You’ll prob need an international processor. Your bank could shut you down eventually too.
     
    Tommo and Kung Fu Steve like this.

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