A Billion Dollar Industry | Online Firearm Merchant Account from eMerchantBroker

Aug 12, 2014
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There is potential for large revenue with an online firearm merchant account

Facts from The Guardian tell us that there were 16,808,538 applications through November of 2012. If all had been approved it would have been enough firearms to stock NATO’s armed forces nearly five times over. The U.S. has the highest gun ownership in the world. One reason may be to our constitutional right to bear arms. Another reason may be that the average person feels he is protecting himself and his family by having a firearm in the home.  With gun control a hot topic, many hobbyists and those wanting to purchase a weapon want to do so before any gun law legislation is placed in effect. An online firearm merchant account can facilitate these sales.

According to Hoovers, Americans spend an estimated $6 billion annually on guns and ammunition. According to their 2014 financial statement, popular gun manufacturer Smith and Wesson had gross revenues of $626.62M. When you add in state and federal taxes, employment numbers and license fees, a great deal of money is pumped into the economy.

However, because of the off-chance that an online retailer is not following FTA guidelines and rules, internet sale of firearms are listed has a high risk merchant.  There are not many credit card processors who are willing to underwrite an online firearm merchant account.

When an individual decides to purchase a gun online, he or she needs to find a local gun store that has a Federal Firearms License. When buying a gun online it will be shipped to that gun store for pick up. It will not be shipped to the purchaser’s home or office address. This ensures that all background checks have been made and waiting periods have been met. This also helps negate any fraudulent purchases. It is a safeguard.

As additional safeguards when an individual makes a purchase online, he must verify his identity. This same identification is required when picking up the purchase at the FFL gun store.

A Zero Hedge blog states “2013 was the best year for firearm sales (commercial, domestic) in history — period!” notes the president of the independent firearm owners association, adding that “Ammunition will still be very strong in 2014 as it hasn’t caught up nationally with the demand.” This could become a problem since, in what many believe was an attempt to ‘crowd out’ private buyers, the Homeland Security Department bought 1.6 billion rounds alone.

The number of rounds of ammunition that can be purchased at one time can have individual state guidelines.

No matter whether you are pro-gun or not, you have the right to an online firearm merchant account that has reasonable rates and no application fees. As long as you have not been cited by the federal government and keep your chargebacks under 3%, eMerchantBroker are available to get you approved within hours and not days.

To get approved for an online firearm merchant account in 48 hours contact us by clicking below

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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