Despite a barrage of high profile shootings, recent FBI data shows that August was a record setting month for gun sales. There were 1.7 million background checks performed by federally-licensed dealers – the most seen in an August since 1998, states USA TODAY. This past summer was extremely busy for gun sales in general (June 1.5 million and July 1.6 million). If you are in the online firearm business, there is no better time to find an experienced payment processor to expand your customer base and increase profits.
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), reports that 10.9 million firearms were manufactured in 2015, 5 million more firearms when only 5.5 million firearms were produced in 2010. Despite President Obama’s efforts to toughen gun legislation, gun production has increased by 140 percent since 2010. Some gun advocates believe the surge in gun production and gun purchases is because of a fear that citizens won’t be allowed access to certain firearms in the future. The President has not released any plans to take guns away from the public however.
Although there were 1.7 million background checks, the number of background checks run doesn’t equal the amount of guns sold. This number could be considerably higher because multiple firearms can be included in a gun transaction by one buyer. However the National Instant Criminal Background Check System’s data suggests the market is exploding.
This estimation of gun purchases is only the tip of the iceberg, as many more guns are flowing without being recorded. Websites like Armslist are free and allow individuals to host ads to buy and sell weapons. If a private citizen wants a particular firearm, all they need to do is search for the gun of their choice and purchase it without going through a background check.
Now is the time for gun businesses to expand their customer base by providing professional services and multiple payment options. eMerchantBroker.com is the number one online firearm merchant account provider in the nation. Our account managers are the most experienced in the business and will grow your account through 24 hour monitoring and convenient payment processing solutions.