How the Firearms Industry is Blowing Away the Competition

Jan 12, 2015

The firearm sales business is booming. According to a new Federal report, the gun industry is making and selling more guns than it has in the last quarter century. ATF’s Firearms Commerce in the United States report stated that gun manufacturing has increased by more than 31%. Not only is domestic production increased, but gun imports have also increased by 700,000 in the last two years. Now is the time is become a part of this thriving industry.

Industry experts can’t pin down the exact cause for the influx in demand. Most believe it is a combination of fear over possible federal restrictions of guns by the current administration, an increase in safety concerns due to recent violent crimes, or a renewed interest in hunting and gaming. Mike Bazinet of the National Shooting Sports Foundation, believes that some consumers may have been concerned about losing their access to certain firearms after the tragic shootings in Sandy Hook Elementary School in Newtown, Conn.

But consumers may not be the only reason for the boom in gun sales. The number of compliance inspections by the ATF have also dropped in recent years. In 2013 the ATF only performed about 10,250 inspections, the fewest in six years. The organization is facing fierce criticism from the Justice Department for this slippage in inspections.

ATF says they simply do not have enough officers to perform the amount of inspections necessary to keep up with the jump in gun ownership and gun-selling. But even when inspections are performed and ATF agents find serious violations, licensees are rarely revoked. And even when licensees are revoked, gun –selling operators simply have relatives take out new licenses, wiping away the violations.

Established firearm sellers must expand their businesses online to take advantage of this boom. If you’re a gun dealer, you’ll want to give your customers the ability to pay with a variety of methods like debit and credit cards. You need an online firearm merchant account to enable quick and efficient payment processing. Contact eMerchantBroker.com. We are the number one online payment processor for firearm sellers in the United States and Canada.

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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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