At The Transaction Group we offer ecommerce and ‘face to face’ credit card processing solutions for gun shops and firearm dealers. We also offer wireless and smartphone merchant accounts for gun dealers that work out of their stores and attend gun shows.

• Currently accepting credit cards at your gun store? There is an excellent chance we can save you money by lowering your current rates. Call us or email us today and take advantage of our free rate analysis for all gun shop owners and firearms dealers. Our low credit card processing rates – and your savings – will blow you away!
• Not currently accepting cards? Click on the link below and start an application today! No set up fees, monthly minimums, or early termination fees.

The Importance of Your Business Model:

Among the many elements which influence the riskiness related to processing charge cards is your current business model. What exactly comprises your business model? Generally, merchant account companies look at the specific products/services you supply; the way your organization promotes and showcases your enterprise; the delivery/shipping methods employed; the type of customer service available; and the retail prices charged for the merchandise/services that you offer.

Should the business model fall among the categories which merchant account providers consider as being of higher than normal risk, you will have to arrange your merchant processing account by dealing with a company that specializes in high risk businesses.

Potential Risk Variables for Gun Store Shops:

The potential for charge backs your business will probably generate could well be the foremost concern when it comes to evaluating the risk profile of your business. The reason is that if a credit card processor lets a business accept charge cards with a greater ratio of chargebacks than is acceptable to the credit card issuers (MasterCard, Visa, etc.), it might have serious penalties imposed on it. Besides that, whenever an organization experiences large numbers of charge backs, but is not able to address the debt, its bank must do so.

Additional circumstances which often impact the issue of whether or not the business is going to be seen as risky are the business owner’s own credit score, sales measures, high selling prices, and whether or not the products or services are subscription-based or include recurring invoicing options. Companies that manufacture customized goods may also be labeled as ‘high risk’.

The Importance of Your Processing History:

Clearly, if your firearms store has a pretty good processing track record, you can expect to end up with a lot more influence in terms of bargaining for discount rates and charges with your merchant credit card service. Even though high risk, you can get competitive terms should your business venture shows a decent processing history. Virtually all processing providers are going to require, at least, 3 months of preceding processing records before they’ll discuss a rate for you. The primary reason for this specific demand is that they wish to see whether you have had any trouble with charge backs.

If your enterprise shows a bad processing record, all is not lost, but it may be more of an issue to be approved. And even if you’re sufficiently fortunate to get approved for a merchant account for your gun store, you will probably be charged a higher charge.

Repercussions of Your Firearms Shop Being Seen as High Risk:

High risk merchant credit card accounts usually are accompanied by special stipulations like increased fund depositing delays, reserves, restraints on volume level and high pricing, as well as increased rates and charges.

Several high risk merchant account companies supply educational resources and software tools which will help you reduce the chances for fraudulent transactions as well as charge backs. Make use of these services if available. The large majority of reliable high-risk service providers can be quite assistive in helping your business scale down losses resulting from chargebacks and fraudulent transactions.

Applying for Your Merchant Account:

The Transaction Group understands the particular issues which company owners face when looking at acquiring dependable credit card processing for your gun store. Personalized relationships are important in the high risk industry, and as a consequence we have built up a number of connections with high risk merchant service providers that will help us secure the best suited service with regards to your particular business.