Gun Sales Declining Nationwide?

May 09, 2017

A slowdown in the gun and ammunition sales have registered in the US since Republican Donald Trump was elected president.

Gun Sales Decline

According to CNN.com, Federal background checks have declined each month since the elections. These don’t precisely track gun sales but can be taken as the best available proxy.

In March 2017, the FBI ran 2.43 million background checks, and in March 2016, this number was 2.52 million. 81.153 of the mentioned background checks were run in Ohio in March, which is almost 5% less from the 85.267 in March 2016.

According to the Pew Research Center, a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping America and the world, voters were looking at the gun policy as one of the 5 top issues during the 2016 presidential campaign.

There is a kind of polarization in Americans’ views on guns. This has resulted in an atmosphere where the firearms industry and the political landscape of the day are in a closer relationship than one could expect.

The online firearm sales industry is considered high risk and is a difficult sector to find payment processing. Taking into account the situation created and the high risk nature of the firearm industry, merchants should look for a reputable payment processor to turn to.

Emerchantbroker.com, the #1 high risk merchant services provider in the US, offers a reliable and low-cost firearm merchant account to help you start and grow your firearm business. EMB boasts an A+ rating with the BBB and has an A rating with Card Payment Options. EMB is named one of Inc. 500’s Fastest Growing Companies of 2016.

What Is Expected

The 1st 3 months of 2017 coincide with Donald Trump’s 1st 100 days in office During this period, gun sale background checks fell almost 13% as compared with 2016. The figures show nearly 1 million fewer guns are expected to be sold in the US as compared to those sold in 2016.

On the other hand, consumers feel less confident about the firearms industry after the Nov. 8 election.

Vista Outdoor Inc., which is the owner of many of the top popular ammunition companies and also gun makers Savage Arms and Stevens, has witnessed a drop in its stock prices by almost 50%.

The current situation has made major manufacturers of firearms ammunitions and gun-related accessories dismiss employees.

However, many within the industry think the economic policies of the pro-gun Trump administration are going to stabilize the gun market, which cannot be said about 8 years of uncertainty under Obama.

According to Peyton Galanti, marketing manager for Richmond’s Colonial Shooting Academy, it’s projected the industry will normalize over 2017, enabling those in the firearm industry enjoy steady consistent sales.

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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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