FintechMerchantAccounts (617) 918-7235
Gun Friendly Credit Card Processors
We Can Help Gun Dealers Sell Online.
As more states begin to regulate the transfer of firearms between retailers and consumers. Gun friendly credit card processors are cropping up all over the place. Yet, gun dealers tend to face far greater difficulties than many other industries. Particularly when it comes to processing credit card transactions. In some states, payment processors have explicitly blocked the transfer of guns. In other states, they are avoiding certain transactions altogether.
When it comes right down to it, any business that accepts credit cards as a form of payment needs to use a processing company to manage transactions. And if you’re a gun dealer, then you’ve probably already figured out that you are going to be on a short list. Any gun-related business is going to have to comply with all of those new federal and state regulations regarding the transfer of firearms. So, what do you do if you want to use an all FSA approved credit card processor? The answer might surprise you.
High Risk Credit Card Processors For Guns
You can’t really go anywhere these days without running into a “No Gun” sign. Even retail stores are now checking to see if you have a gun when you go into the store. And the reason for this is simple: guns are easy to hide and criminals are not easy to recognize. That’s why it’s so important for credit card processors to implement stringent Know Your Customer (KYC) and anti-counterfeit programs for high risk merchant account holders. To ensure your company is on the right side of the law, you should always use a KYC compliant credit card processor to process credit card payments for firearms merchants.
Credit Card Companies for Guns
Another good thing is that many gun friendly credit card processing companies are starting to crop up. These are companies whose credit card processing operations are done on the internet. In other words, they don’t have the same kind of overhead costs associated with a brick and mortar operation. So, these are ideal places for high risk businesses.
If you can find one of these gun-friendly credit card processors, there are a few things you can do to take advantage of the lower fees. The first is to start limiting the kinds of firearm sales you’re making. For example, if you only want to take credit card payments. Card present sales, where your customer signs for the transaction typically have a lower rate than online sales.
There are some gun-friendly credit card processors out there that can offer more than just credit card processing. Some of these types of businesses can open bank accounts for you, which can be helpful. The best thing though is to check out the types of banks that offer gun-owner card processing, as well as how quickly the transactions can get processed. You’ll want to avoid businesses that charge exorbitant transaction fees.
In Conclusion for Gun Dealers
Gun-related transactions are very popular among gun owners. That’s why it’s important to stay informed about what types of processors offer credit card processing with federally licensed dealers. You want to limit your potential business partners to those who have a good reputation and experience. By working with an experienced, gun friendly credit card processor like FintechMerchantAccounts, you can ensure that your business will run smoothly.
FintechMerchant Accounts can approve you for a merchant account for firearms. We accept Gun dealers, Brokers, Retail Store, Online and have a mobile option for gun shows. We also have a solution if you were placed on the TMF or MATCH list. Pick up your phone and call to talk to us today at (617) 918-7235. If you would like us to email more information click HERE.
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