Operating a firearms business is difficult enough without constantly having to worry about paying outrageous high risk merchant services fees or worrying that you will wake up to find your FFL merchant account has been shut down! FFL and Ammo dealers often times find that reliable merchant services can be difficult to find. This is because most national acquiring banks have firearms, ammo, and FFL dealers on their prohibited merchant list whether they are retail, mobile, or online. The firearms industry is considered to be high risk by many processing banks because of potential liability, chargeback ratios, and potential for “brand damage” from supporting the industry! Well, Bankcard Brokers has long been the go to processor for high risk merchant services including FFL and Ammo merchant accounts. We are proud to offer transparent, dependable, and affordable merchant accounts to all FFL businesses.
How to get approved for FFL or ammo high risk merchant account to accept credit cards.
Getting approved for a high risk payment processing account, such as FFL and ammo sales, doesn’t have to be time consuming and expensive. All you need is an experienced and credible high risk payment processing account provider – like Bankcard Brokers! The process for getting approved for a high risk merchant services account is relatively straight forward when you are working with an experienced high risk account provider. First make sure that the representative you are talking with has a clear understanding of your business and a solution to support it. All too often the rep will just tell you yes and then pray he can get you approved – wasting your time and effort! So make sure the merchant services rep understands your business and has dealt with other firearms merchant accounts like yours. Once you have completed the application and provided all requested supporting documents you should be approved for your high risk merchant account within a few days. Then it is just a matter of setting up your preferred payment processing method.
What if I am an online FFL or ammo retailer?
If you are an online FFL or ammo business applying for a high risk merchant account can be a little more involved and the process may take a day or two longer. This is because online merchants traditionally carry a higher risk to the bank than retail stores, not only from a regulatory view but also from chargebacks. So, it is best to always double check that they understand your business (again)and have multiple solutions available to you in case one doesn’t work out. Once again, however, if you are working with a reputable high risk merchant services provider then you should be able to get approved and start processing payments reliably and affordably with an account that you won’t have to worry about.
It may be beneficial to look into a chargeback prevention program like Bankcard Brokers offers
These programs are very effective at assisting high risk merchant account holders to manage and prevent chargebacks before they happen. Online gun sales businesses traditionally see a significant amount more chargebacks than other online merchant account holders. You can learn more about chargeback prevention in our BLOG HERE.
Can I accept mobile payments with my FFL merchant services account?
Of course! Many gun dealers spend a good part of the year traveling on the gun show circuit and gun shows can prove to be highly profitable. If you need to accept payments for guns on the road Bankcard Brokers has solutions so your high risk merchant account can be used on your mobile device or computer just as if you were in the store. Whether you need a wireless, mobile, or internet based processing solution we have a solution for you!
Don’t let unreliable or expensive high risk merchant accounts hinder your business from achieving all that it can. By working with a credible and transparent high risk merchant services company like Bankcard Brokers your business will get the service and rates it deserves while never missing another sale because you can’t accept credit cards! Get Started Today and click the orange button below.