In the United States, there is no better time to become a firearms merchant. The gun trade is booming due to the current political climate, and the increase in use for virtual payments has allowed firearms merchants to set up shop in a brick-and-mortar store, gun shows, or even their own home. While there are plenty of hoops to jump through for a firearms dealer, such as getting an FFL license, there are other issues as well. The most important is that banks and payment processors consider a firearms dealer to be a high risk merchant, which usually results in being denied a merchant account. Many merchant account providers, such as PayPal, refuse to process firearm transactions despite the fact that they are entirely legal. Merchant Processing Advisors has the solution in that we can find merchant account providers who will gladly work with firearms dealers. Even better is that since we can find multiple merchant account providers due to our extensive worldwide contacts, you will be the recipient of extremely competitive rates.
In this uncertain time, firearms merchants can be sure of an unceasing demand for their products. The total revenue for guns and ammunition manufacturing in the United States is a whopping $11 billion, and there are now over 50,000 retail gun dealers throughout the country. Despite being labeled a high risk merchant, the financial prospects of a firearms dealer has never been better. There were 17 million background checks for gun purchases in 2013, and a full 32% of American households own a gun. However, a firearms merchant needs a merchant account provider that offers a host of services to take full advantage of this ongoing demand. Merchant Processing Advisors can partner you with payment processors that offer payment gateways, fraud protection, and virtual terminals so that you can sell at a gun show or swap meet. As we specialize in high risk merchants, we can find you the merchant account provider that will say “yes” to your business and help you grow. Contact us today to talk to one of our professionals, or you can fill out our high risk merchant account application. We will give a number of rate quotes within 24 to 48 hours.
Our services are provided at no additional cost to you.