I am sending emails via wp_mail() using a text/html header. So i need html formatted content.

I want to use wp_editor() to edit my custom email template options. It has a Visual and Text tab for viewing. If I write html using the Text tab, then click Visual. It looks great! I can see the preview! buuuuuut sadly it also removes my html and replaces it with some other format..

I noticed there are options with wp_editor. Is there any that are completely html friendly?