Gun Sales Better Than Ever

Oct 08, 2015

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.

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 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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