Obama Vows to Reform Gun Legislation : Firearm Merchants

Jan 18, 2016

Last week, President Obama made a State of the Union Address regarding gun legislation. The White House is working to expand background checks for gun buyers. The President wants to close loopholes that allowed for individuals who sell firearms to avoid registering as licensed gun dealers or keeping formal sales records. The proposed legislation is a good idea to some, but troublesome for others.

Since former Congresswoman Gabby Giffords was injured in a mass shooting in 2011, the debate about common sense gun legislation has heated up among legislators. Since the announcement, the President and his supporters have defended their actions to strengthen background checks. Obama publicly criticized the gun lobby, insisting that the actions won’t take guns away from gun owners.

Not only does the President want to increase background check systems, he also wants to provide more funding for mental health treatment, increase the staffing of the FBI and the Bureau of Alcohol, Tobacco Firearms and Explosives agents. Many on Capitol Hill believe expanded background checks is a much needed step in the fight against gun violence. A recent Quinnipiac University poll stated that 84% of those in gun-owning homes, 95% of Democrats,  87% of Republicans, 86% of independents all support more background checks.

But when the public is asked to support stricter gun laws in general, the support is cut down to less than half in many polls. And there is a sharp partisan divide as well, with only 23% Republican support for tougher gun legislation, but 74% of Democratic support.

On Capitol Hill, Republicans have reacted negatively to Obama’s announcement. House Speaker Paul Ryan touts that whatever gun legislation is presented, it will be challenged in the courts by any Republican President. However, Democratic presidential hopeful Hillary Clinton vowed that if elected she would continue Obama’s fight.

EMB is the number one payment processor for online firearm merchant accounts. Our expert merchants will be ready to process and protect the transactions of your customers. We offer the best services, and will raise your profit margins through flexible payment processes like debit and credit card processing.

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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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