Government’s “high risk” Label Hinders Some Online Firearm Business

May 27, 2014

According to online firearms retailers, the government’s increasingly stringent regulations on their sales are harming their business. The FDIC has instructed banks to toughen risk management on merchant customers who use payment processors, like PayPal and merchant account processors by placing these merchants into a “high risk” category. Other “high-risk” merchants include adult entertainment and e-cig e-stores. These regulations can hurt your business; however, with the right merchant service provider, you can find that these regulations are not so stifling after all.

The Department of Justice (DOJ) implemented Operation Choke Point, which keeps account of fraud taking place from credit card schemes and thefts. Operation Choke Point is supposed to only target those using credit card schemes, illegal online gambling, illegal escort services, and Ponzi schemes, however, many reputable vendors have fallen victim to the new regulations. While the innocent at times have to suffer to stop those who are breaking the law, the innocent often prevails, and in this case, it can be as simple as finding the right online firearm merchant account processor. One of the best is is experienced not only with “high risk” accounts, but specifically firearm accounts. They know the pressure that you are under as a firearms merchant account holder, and they are up-to-date on all laws and regulations in order to make your business run smoothly. Another plus to working with is that your application is free and quick, and can be processed in as little as 48 hours. This is a time frame that is unheard of when it comes to having a “high risk” merchant account. also offers reasonable fees to “high risk” merchants, which again, is virtually unheard of. Also, “high-risk” vendors will receive the most up-to-date payment terminals and software to keep your business running smoothly.

Established firearm retailers often seek to take their business online to take advantage of the unique opportunities available on the internet. If you are a gun dealer, you may find your merchant account provider for your retail location will open a merchant account for your new online business. This more often than not simply is not true. Online firearm sales are considered high risk and are a difficult sector to find payment processing. That is where eMerchantBroker comes in. By choosing as your firearm merchant account processor, you will have chosen the best, most well-informed merchant account provider in the country.

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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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