If your business involves the manufacturing, importing, or selling of guns or ammunition, it is essential to partner with a credit card processor that understands and supports your industry.
As a premier provider of gun-friendly merchant accounts, we possess the expertise, understanding, and framework to effectively assist businesses in the firearms industry. We are equipped with the necessary resources to navigate the complexities of firearm credit card processing. Should you have faced account rejections or terminations from other processors.
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Businesses involved in firearms must comply with numerous regulations at both state and federal levels. Consequently, the sale of firearms and related accessories can subject your business to significant legal and financial liabilities. Beyond these regulatory hurdles, several factors contribute to the classification of firearms businesses as high risk by payment processors.
If you intend to sell ammunition online and accept debit or credit card payments from customers, obtaining an ammunition merchant account is necessary. This specialized account allows you to process sales securely and in compliance with industry regulations.
Due to the heightened financial risks, regulatory scrutiny, and additional underwriting requirements associated with the firearms industry, vendors can anticipate paying slightly above-average credit card processing fees. However, the increased costs often come with valuable risk mitigation benefits when working with a reputable high-risk payment processor. Should you encounter exorbitant rates from a payment provider, it may be prudent to explore alternative gun-friendly credit card processing options, as many providers in the high-risk sector offer competitive pricing.
With the appropriate licenses, you can sell guns, firearms accessories, or ammunition online. However, securing a payment processor to facilitate online transactions must be your first step before proceeding with sales. Additionally, you must ensure compliance with all relevant federal, state, and local regulations throughout your operations.
Yes, a Federal Firearms License (FFL) is mandated by federal law for the sale of firearms and ammunition. Before establishing payment processing capabilities, it is crucial that your business adheres to all applicable legal requirements.
While businesses in various other industries may utilize payment service providers like Stripe, Square, and PayPal for credit card processing, these companies do not offer their services to firearms-related businesses. Consequently, merchants in the firearms sector must rely on traditional payment processors to handle their payment transactions. However, processors that lack familiarity with the firearms industry can pose more obstacles than benefits.
Here are some prevalent issues that firearms merchants often experience when engaging with a payment processor that is ill-equipped to meet their industry’s specific needs:
