Kratom consumers constantly want to pay for kratom with PayPal. When customers make payments online, especially with new companies, they usually use PayPal as a payment method. Its end-to-end encryption and two-factor authentication make it an enticing solution. Plus, they offer a Buyer Protection Program for items bought using their service. Therefore, it’s reasonable for people to want to purchase kratom using PayPal.
Why People Want to Use PayPal to Buy Kratom
In 2021, PayPal had 426 million users who made at least a single transaction per year. Its revenue reached over $25 billion that same year.
In the online payment processing industry, PayPal currently holds 43.85% of the market share. The next largest competitor only controls 20.33% of the market. Consequently, most online payments go through PayPal.
As a result, many kratom consumers would also like to use PayPal to make a purchase.
Online consumers know the payment processor system and already have accounts with payment methods attached to PayPal. Nonetheless, PayPal and the kratom industry have a complicated history.
Does PayPal Allow Kratom Purchases on Its Platform?
PayPal does not list kratom outright in its Acceptable Use Policy. However, the company is known to refuse services to any industry deemed high-risk. Since financial firms consider kratom products a high-risk sector, PayPal and other well-known payment portals refuse to execute kratom transactions.
That does not mean some kratom vendors won’t try to circumvent the system and place kratom orders through PayPal. However, be forewarned that PayPal can freeze the purchase, seize the funds, and cancel accounts should PayPal find out about the scam. Therefore, you risk your PayPal account and the money for the purchase if you choose to use the platform to buy kratom.
Consequently, that takes away all the positive reasons for using PayPal to buy kratom in the first place.
Discuss PayPal Payment Options with a Kratom Vendor
Since PayPal takes issue with kratom vendors and their products, most stay away from the payment platform altogether. Numerous stories circulate throughout the kratom industry where kratom companies got burned using its service.
If PayPal is your only option, you may want to discuss the possibility with your vendor personally. They might accommodate your request.
Purchasing Kratom Products with PayPal Credit
Some customers have mentioned the possibility of using PayPal credit to buy kratom. PayPal Credit allows consumers to pay for it with a credit line, making payments over monthly periods. However, kratom companies must get pre-approved to use that payment method. Ergo, that puts consumers back to square one.
Some Kratom Vendors Use PayPal Friends and Family Method
One possible recourse for kratom companies wishing to use PayPal for kratom sales is the “Friends and Family” money transfer option. PayPal allows users to send money to friends and family without fees. Therefore, it makes the payment system tempting for business merchants.
However, consumers do not have buyer protection whenever using the option. You have no recourse for payment disputes since using the option violates the user agreement. Contacting PayPal over a merchant disagreement using the Family and Friends method informs PayPal you tried to evade their rules and regulations. The odds that PayPal would ban your account are high.
Nevertheless, it makes the transaction more balanced. Both parties carry the same risk. In the past, consumers were notorious for making chargebacks on PayPal since the kratom vendor held all the undue burden.
Kratom Payment Options Constantly Change
The financial rules and regulations surrounding the botanical industry are ever-changing. One merchant might allow payments but will stop without notice. Money gets lost in the shuffle by kratom vendors on the losing end of the constantly moving proverbial stick.
Furthermore, there’s a good chance your favorite kratom vendor will have different payment options next year than they do today. It’s the nature of the industry: adapt and overcome.
Various Kratom Payment Methods Outside of PayPal
Since paying for kratom with PayPal can lead to complications, let’s look at some of the other payment options for kratom available through many kratom companies.
- Credit Cards (Visa, Mastercard, American Express, Discover, etc.)
- Debit Cards
- Prepaid or Gift Cards
- E-Checks
- Money Gram or Western Union
- Payment Apps (Zelle, Venmo, Cash App, Google Pay, Swipe, Apple Pay, etc.)
- Crypto (Bitcoin and other cryptocurrencies)
- Cash on Delivery (COD)
Options to pay for kratom with a card are becoming harder to find online. Months might go by where everyone offers it. Then nobody has the option the following month. For that reason alone, we recommend another option.
Use Cryptocurrency to Buy Kratom
Luckily, one payment option available to kratom consumers is somewhat foolproof. You can use Bitcoin and other cryptocurrencies to buy kratom. Governments and financial institutions do not regulate cryptocurrencies. Therefore, nobody can tell you how to spend them. You can also use debit cards for the monetary conversion into crypto coins. That allows you to use your card to buy kratom whenever you want.
Regardless, you’ll still need a platform to convert your money into cryptocurrency and use it as a payment gateway. Plus, you must find a kratom vendor that accepts crypto for kratom. Once you do, you’ll need to follow their instructions on how to pay using it. Many kratom vendors use different crypto exchanges for payment.
You Can Buy Cryptocurrency with PayPal for Kratom Purchases
PayPal now offers the option to its user to buy, sell, and hold some cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. You can use the website or mobile app for its crypto services. PayPal launched its cryptocurrency services in 2020. To use your PayPal account to pay for kratom with crypto, you’ll need the crypto address of the kratom vendor. Once they receive the payment, they’ll ship your kratom to your doorstep.
Coinbase Is the Best Option for Buying Kratom with Crypto
Coinbase offers a payment portal for online merchants to transfer cryptocurrency for payment. Coinbase is safe and secure. It’s an American publicly traded company on the US stock exchange.
The platform provides its users with crypto wallets to store any additional crypto assets for later use. Therefore, you can use it as an investment portal for digital currencies.
Some consumers worry about cryptocurrency because of the volatility in the market. We understand. Fortunately, you can buy and use USD Coin (USDC) to purchase kratom.
The USD Coin acts as a stablecoin—so one USDC equals one dollar.
- 1 USDC = $1 US Dollar
The conversion of dollars into USDC makes it the perfect option for buying products. Essentially, USDC works like cash. Plus, you can use your debit card on Coinbase for the transaction. Ergo, you can use your debit card to pay for kratom.
To pay for kratom with crypto, find a reputable company with a great selection of Maeng Da strains. Then make sure the company accepts crypto for kratom. For example, Prometheus Products sells high-quality kratom and takes cryptocurrency payments for kratom. We also offer the Coinbase merchant payment option during checkout. You can learn more about it here: Pay for kratom with digital assets.
Final Thoughts About Buying Kratom with PayPal
Technically, it is possible to purchase kratom using PayPal. We’ve covered a few options to help navigate PayPal’s complicated affair with kratom vendors. Still, they all have risks associated with them. Therefore, we recommend you leave PayPal as a final option to buy kratom.
Other methods don’t jeopardize your PayPal account or finances. Take the time to learn about other options available to you.
Besides, cryptocurrencies and the kratom industry are a match made in heaven. There the only payment option that has never gotten discontinued. Plus, Coinbase is an American publicly traded company governed by the Securities Exchange Commission (SEC). You can rest easy knowing your money or cryptocurrency is safe on its platform.