Online Firearm Merchant Account for Firearm Merchants

Aug 31, 2015

High risk merchant accounts can be a big headache, and rightly so. In any case, what if there is a huge loss? Does the merchant account services provider get to bear some of the risk? This is why most conventional account providers such as banks generally turn away high risk merchants.

Trade in online firearms is one of the businesses considered to be high risk. In the United States, the sale of guns and ammunitions, both for recreational activities such as hunting and for self defense, is at an all-time high. So, it’s not a surprise that more and more merchants are considering trading in the firearms. However, before you can start your firearms business, there are several hoops to jump through. For instance, you need licensing at both the federal and state level not to mention that you will need the approval of the community in which you want to establish the gun dealer store.

The next step – finding a reliable gun and ammo merchant services provider – is even more complicated. Unless you can find a trustworthy merchant services provider, you may struggle to take off.

Why firearm merchant accounts are considered high-risk

The first thing is that guns are dangerous; no one can deny that. Therefore, you need to sell only to the right people. It is possible for a gun purchased from your store to be used in the commission of a crime and when that happens, there is a possibility that you may be questioned.

Also, with the high crime rates within the country – especially credit card fraud – there have been several cases of people using stolen credit cards to purchase guns both online and offline. This makes guns sales even more high-risk. Such fraud may result in unforeseen chargebacks that may badly hurt your businesses.

Solution? Work with a high-risk merchant account provider

It is for the aforementioned reasons that you need a high-risk merchant account provider. E-Merchant Broker is one such provider that allows firearms merchants to open high risk accounts. Once you have the account, you’ll be able to accept payments online as you expand your business.

Not being able to accept online payments has been an Achilles heel for most merchants. As the digital revolution gets into full gear, more and more consumers are using their cards rather than hard cash to pay for goods and services. Don’t miss out on such a big opportunity.

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 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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