Gun Merchant Accounts Are Becoming Harder to Find | EMB Can Help

Dec 06, 2016

Gun merchant accounts are in high demand, which means that merchant account providers should be lining up, right? Wrong! Gun merchants accounts are hard to find right now, thanks to rampant federal regulations and state regulations on gun sales. Whether in a store or online, gun and ammo sales are under scrutiny, but since they are still profitable you should look for a good merchant account for your gun and ammo shop.

The problem with gun merchant accounts, aside from regulations, is the “high risk” label that the merchant account processing industry has slapped on these businesses. So, when this happens what do merchants need to do? Well, the first thing is not to panic. Panicking leads to bad decisions, and one of the worst decisions you can make for your business is a bad merchant account. What typically happens with a high risk merchant account (that isn’t an actual high risk merchant account) is that once a chargeback hits, or you have a down season, they drop your account or hike up your fees. This simply isn’t right!

A true high risk merchant account provider, like EMB, knows that chargebacks and down seasons happen. They happen to almost every industry and every business. So, they do not panic. They help your business carry on in tough times, even offering up merchant cash advance options to help fund your business without the hassles of a bank loan. While gun and ammo sales are year ‘round, early fall is typically the busiest season, thanks to the start of hunting season in most areas of the United States. This busy season can help fuel your sales for the year – but you may end up needing funds later. This is where a cooperative merchant account provider who offers up a merchant cash advance program can help you.

When you are in need of a merchant account for your gun and ammo shop, look carefully at your options. The wrong choice can leave you in a bind if that processor panics and drops your account. It is better to do your research first, than being left out in the cold later.

Let us help you get a high risk merchant account today!

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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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