Gun Sales and Profits at All Time High

Nov 30, 2015

The firearm industry is at an all-time high. The FBI processed a record 2 million firearm background checks in October. The National Instant Background Check System ran 1,976,759 gun background checks in the same month. This is a 23 percent increase from October 2014. According to the ATF, gun manufacturing has increased by over 31%. If you are looking for a profitable business to invest in, consider the online firearm business.

The FBI doesn’t actually count the number of guns sold by federally licensed dealers, but it does keep track of the number of background checks that occur – and the data shows that firearms are flying off the shelf. However, the report doesn’t reflect a one-to-one ratio for gun sales since more than one firearm can be purchased in a single transaction. Plus the FBI only has the power to see gun sales from federal dealers. The FBI has no way to record the sales of private individuals, and if federal dealer gun sales have skyrocketed, one can assume that private selling of firearms is also on the rise.

Why the giant leap in gun sales? There is no singular answer, but some blame the increase on the cries of politicians to add more gun control laws. Since the rampage shooting at Oregon’s Umpqua Community College and the Sandy Hook tragedy, President Barack Obama and Democratic presidential hopeful Hillary Clinton, have criticized loose gun control laws.

Gun advocates believe that gun control legislations are thrown up too fast after shooting incidents without much discussion or chance at debate. This makes gun owners nervous, as they perceive proposed gun laws as an infringement on their rights to bear arms and instigates a mad dash to the gun store.

This cycle of legislation and impulse gun buying is only one reason for the gun sales spike. Whatever the reason, it is a good time for firearm merchants to keep their shelves stocked and payment processing systems in line. Expand your customer base beyond your wildest dreams by providing professional services and multiple payment options. EMB is a major online firearm merchant account provider.

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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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