The gun and ammunition business is a strong and profitable industry in the United States. According to Gallup Polls, 30% of Americans are gun owners and 43% live in households with guns. The firearm industry is reported to rake in $17 billion in yearly revenue. Yet, many credit card processors refuse to work with firearms agents.
If you need to find gun-friendly credit card processors, Merchant Card Advisors can help. We are committed to providing merchant services to businesses that other companies find too risky.
Our variety of offerings includes credit and debit card processing and the ability to accept credit card payments online.
If you’ve heard discouraging news about gun dealers not being accepted by top merchant processors, let us show you how you can enhance your bottom line by providing your customers with more payment options.
Why Are Gun Dealers Considered “High Risk”?
Since the firearms business is so successful in the United States, why do financial institutions consider gun dealers to be too risky for merchant services?
Some payment processing providers refuse to work with gun dealers, while others offer limited services with excessive transaction fees. Many merchant account providers refuse to process any online sales of firearms.
The sale of firearms is highly regulated by the federal government. Due to these regulations, gun dealers require additional insurance underwriting by merchant service providers. At Merchant Card Advisors, we help you through all the steps of securing merchant services for your business.
Finding Gun-Friendly Credit Card Processors
Since many payment processing companies don’t offer services to the firearms industry, what can you do?
It is important to understand what services are available to you and what steps you need to take to successfully offer credit card processing as a gun dealer. We can help you acquire the processing services your business needs using our vast network of trusted partners.
While regulated industries like yours often allow financial institutions to charge unreasonable fees for their services, our fee structure is designed to offer real savings. We work with you to find you the right financial providers and to keep your costs as low as possible.
Complete Merchant Account Services for Guns & Ammo Dealers
Even if you’ve been declined by payment processors before, we can assist you in getting your account approved with one of our many gun-friendly credit card processors.
Merchant Card Advisors offers a variety of fast, secure and simple merchant processing solutions. Even if you’ve had difficulty finding gun-friendly credit card processors in the past, contact us to learn how you can start accepting credit cards for your firearms business today.