Why the Gun Business is Bigger than Ever

Aug 28, 2015

According to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), 10.9 million firearms were manufactured in 2015, when only 5.5 million firearms were produced in 2010. Despite the current administration’s efforts to enact tougher gun legislation, gun production has increased by 140 percent in the last 5 years. Some people believe the almost doubling of gun manufacturing in the U.S. is because of President Obama. NRA spokeswoman Jennifer Baker believes that some citizens see Obama’s position on gun control as a threat to the Second Amendment, and are trying to purchase as many guns as possible in case they can’t in the future.

Currently, consumers can purchase firearms from federally licensed dealers, private citizens, and even at your local Walmart. Some pressure has come from gun control lobbyists to stop the sale of firearms at retail shops, but efforts have been largely unsuccessful.

The fear of losing access to guns may not be completely irrational though. According to The National Conference of State Legislatures (NCSL), the President wants to enact 23 executive actions and several presidential memorandums that will prevent military-style assault weapons from being sold to consumers, and increase local and state police populations. These anticipated executive actions have yet to come to fruition however.

Baker also believes that the President should focus less on the rights of law abiding citizens and more on the major holes in the National Instant Criminal Background Check System if he wants to keep guns out of the hands of dangerous individuals. The system is designed to keep guns away from individuals who have been involuntarily committed for being dangerously mentally ill, people with a history of drug abuse, felony criminals, certain misdemeanor criminals, and those convicted of particular drug crimes. However, states are not required to upload all disqualified citizens into the national database, nor does every state keep accurate records. This means that if a mentally ill person wanted to buy a gun, but was not entered into the database by their state, they would more than likely pass a background check.

Now is the time for gun businesses to expand their customer base by providing professional services and multiple payment options.  eMerchantBroker.com is the number one online firearm merchant account provider in the nation. Our account managers are the most experienced in the business and will grow your account through 24 hour monitoring and convenient payment processing solutions.

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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