Online Gun Sales Make Merchants Big Bucks

Aug 11, 2015

Right now may be the best time ever for online firearm merchants in many states throughout America. Despite a number of mass shooting incidents throughout the country, some gun companies are seeing business start to boom. After the devastation at Emanuel AME Church in Charleston, South Carolina last month, the President declared that he would make it more difficult to purchase firearms. In his address to the nation, Obama stated that too many innocent people are killed every year because of easy access to firearms. The issue of access to guns and how it relates to gun violence has been a hot topic in the United States for years. But not every American has the same access to guns. Often the type of access to guns a person has is decided by state laws. Therefore, if you are thinking about becoming a firearm merchant consider your state’s laws before starting operations.

In some states it is considerably easier to obtain guns than others. Let’s look at a state with some of the loosest gun laws – Alabama. In the great state of Alabama, a large percentage of people who want to buy guns do so at pawn shops, online dealers, gun stores, or anyone who holds a license. According to the Bureau of Alcohol, Tobacco and Firearms and Explosives, as of this summer there are 2,371 active licenses in the state. Private individuals can sell firearms without a federal license or running national background checks. This makes it a lot easier for unstable or criminal individuals to get their hands on guns. Plus the prominent distribution of guns online is also a major contributor..

Where once private citizens used newspapers and the want ads to sell guns, now gun sellers can flock to the internet and gun buyers can select from a large pool of weapons. Websites like Armslist are free websites that host ads to sell and buy weapons. Users can filter through thousands of ads to get as many guns as they want. Buyers can contact a poster to discuss the details and then finalize the arrangements. In Alabama, the only real restrictions on this process is that the seller may not knowingly transfer firearms to a person they know is a felon, illegal immigrant, or anyone else federally banned from owning a gun.

The prominence of internet sells and less restrictive gun laws make it the perfect time to open your own online firearm merchant account. EMB is the number one online payment processor that can have your firearm company locked and loaded for expansion. Our expert merchants are the most qualified in offering your customers premium services, and deepening your profits through flexible payment processes like debit and credit card processing. Contact us today to start your low hassle account.

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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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