For a long time, credit cards have been considered to be one of the safest and smartest ways to make purchases – as long as you’re able to pay the bill, of course. Because of the protections offered by credit card companies, you were able to protect yourself from potential scams simply by using the right credit card with a supportive company.
When you are buying Kratom products, however, using a credit card might not be the right choice. In fact, we consider credit card processing to be one of our least favorite ways to pay for these products! Of course, we still accept some cards – but why do we think this?
There are five main reasons that we think that avoiding credit card processing and opting for other payment types when buying Kratom might be the right choice for you.
#1: Legal Grey Area
While we fully support the continued legality of Kratom and it is not currently illegal, there has definitely been a big push from regulatory organizations such as the FDA to ban the substance altogether even though people have been safely using it for many years.
For that reason, there’s a small chance that it will eventually become illegal to make any Kratom purchases – it already is in a handful of states – and we can’t say how having a history of these purchases on your credit card will affect you. While you’re extremely unlikely to face any legal action, there is always a slight chance.
Instead of taking that slight risk, using a different and untrackable payment method such as Bitcoin may be a better choice.
#2: Your Peace of Mind
One big reason that some Kratom lovers choose to use alternative payment methods like Bitcoin is for their own peace of mind. While Kratom is not illegal in any way, it is a grey-area product due to the constant discussion of the product’s safety in mainstream media and FDA statements.
While we fully believe that well-tested Kratom should continue to be legal, we understand that some people may be hesitant to purchase a product like this on their credit card. Credit cards are linked to your name and credit score, and this can be intimidating.
In general, using a credit card online can be scary because of the growing number of fake websites and frauds out there. It’s even scarier when you realize that the scammers also have your personal information once they have your credit card information. When using cryptocurrency instead of a traditional credit card or bank transfer, you can remain anonymous when making your online purchases.
This is one of the reasons that we recommend using Bitcoin to buy Kratom on our site. If you are interested in Bitcoin, you can learn more about using your credit card to purchase cryptocurrency!
#3: Discounts
These days, a lot of Kratom vendors are processing their credit card payments overseas to avoid any cancellations of their customer’s payments, but that causes them to have to pay higher processing fees. It is likely that they also have to inflate their products’ costs in order to cover that inflation.
That means that you are paying more for the product! Why would you want to do that?
Many sites acknowledge that this isn’t a problem caused by everyone, and they offer a discount to those who pay via cryptocurrency instead of a more traditional payment method.
While not everyone is familiar with these payment methods yet, it might be worth getting familiar to save yourself a few bucks on each other. We even offer a 10% discount for customers who pay with Bitcoin!
#4: Interest and Taxes
Using a credit card can cause you to rack up interest if you don’t pay off your entire statement balance each month, and there are built-in taxes in the international processing fees that you often get hit with when buying from Kratom vendors.
Ultimately, you end up paying more to get the same product that you could get for less if you used another payment method. Credit cards are built on the standard monetary system of taxation and interest, and this is only going to cost you more in the long run.
Charging too frequently to your credit card can also get out of hand very quickly if you aren’t careful to watch your spending. If you charge too much, you might end up getting yourself into accidental debt as well, and that is something that everyone should avoid.
#5: Some Vendors Don’t Accept Credit Cards
Lastly, there are many Kratom vendors that actually do not accept credit card payments. We’ve seen this situation more and more often in the kratom industry, and it’s not usually the vendor’s decision to not accept credit cards.
Basically, some credit card companies don’t want to take the risk of having any involvement with Kratom is it ends up being banned. We are working hard with AKA to counter this misinformation at all levels of government, but that is the reality of the situation.
Again, we still accept some credit card payments, but it is possible that another site you visit may not accept any at all.
Ultimately, It’s Up To You
All in all, we can’t tell you how to buy Kratom or which payment method is the best one. We prefer Bitcoin to everything else because of the safety it provides for us and for our customers, but we know that this isn’t going to be the right option for everyone.
The key is that you stay informed about your payment methods and ensure that you aren’t opening yourself up to more risk than you need to. Using credit cards infrequently is okay, but you shouldn’t cause yourself to spend more money through constant use.
Don’t forget: using Bitcoin gets you 10% off at Kraken Kratom!
