Introduction to Kava
Kava (Piper methysticum) is a plant originating from the Pacific Islands, now popular globally. It's commonly consumed as a drink made from the plant's roots. Despite the World Health Organization deeming kava as having an acceptably low level of health risk, it faces regulatory challenges and payment processing difficulties.
Challenges in Obtaining a Kava Merchant Account
Despite being federally legal in the United States, kava businesses face difficulties in securing merchant accounts due to:
Strict regulations on kava and kava products
Banks and financial institutions treading cautiously
The industry being classified as high-risk
About Kava Payment Processing
Kava's growing popularity is due to its reported effects:
- Euphoria
- Sleep assistance
- Anxiety treatment
Entrepreneurs opening kava shops and cafes need specialized payment processing solutions, unlike standard coffee shops.
Growing Demand for Kava Merchant Accounts
The kava industry is expanding, leading to increased demand for kava merchant accounts. However, obtaining one can be challenging due to:
- High regulations
- Banks' and regulatory bodies' perceptions of the substance
Types of Kava Products
Kava is available in various forms and potencies:
- Kava Tea
- Kava Root Powder
- Instant Kava
- Kava Tinctures
- Kava Concentrates
- Kavalactone Paste
- Wholesale Kava
- Kava Capsules
- Powdered Kava
- Kava Drinks
- Kava Blends
Kava Strains
Different kava strains offer varied effects:
- Red: Pain Relief, Calming, Relaxing
- Green: Energetic, Pain Relief, Euphoria
- White: Stimulating, Energetic, Uplifting
- Yellow: Euphoric, Light Pain Relief
Kava Payment Solutions
For kava store owners, wholesalers, or online kava shops, payment processing solutions are available, including:
- Payment terminals
- ACH or Echeck options
- Other standard forms of payment acceptance
High-risk merchant account providers like PayKings specialize in serving the kava industry.
Conclusion
Despite regulatory challenges, the kava industry continues to grow. Business owners in this space should seek specialized high-risk merchant account providers to ensure reliable payment processing for their kava-related businesses.
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Kyle Hall is a fintech entrepreneur, software engineer, and marketing strategist with over a decade of experience in high-risk payment processing and SaaS development. He is the CEO of PayKings, a lea...
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