How Gunsmiths Take Credit Cards
Gunsmiths need merchant account services more than ever. What was once a more laid-back profession has become a high demand job with lots of customers seeking repairs on their top-of-the-line rifles and pistols.
Many gunsmiths are also federally licensed firearm (FFL) dealers, or may sell black powder and reloading supplies in addition to gun repair work. In the last couple of years, debit and credit cards have replaced cash as the preferred payment method, even among groups that traditionally paid for their purchases in cold hard cash.
Getting a gunsmith credit card processing account can be a struggle.
Firearm-related companies often have a hard time getting merchant services like card processing because the business line is controversial. Additionally, there is a certain amount of fraud associated with gun buying because many card thieves will buy guns that can be quickly converted to cash on the black market, or sold to unsuspecting buyers in private party sales. As a result, processing companies put more scrutiny on gun sellers, and/or charge more money for card acceptance while slapping dealers with fees and reserve balances on accounts.
Processors
There are a few companies out there that will set up accounts for gunsmiths and firearm dealers. As a tip, it is important to shop around for the best deal. The high prices associated with firearms mean that you may do a large sales volume, no matter how little markup you make on products themselves. Therefore, a small savings on each transaction may equal hundreds of dollars in savings over the course of a month. This is money that your business deserves to keep.