Painless offer the lowest rate Firearms Payment Processing for Guns & Ammo Merchants like gun shops and online firearms dealers. On average, more than 3.4 million rifles, shotguns, revolvers, and pistols are produced each year, according to a May 2017 report by the Statistic Brain Research Institute. The gun and ammunition manufacturing industry brings in annual revenues of $11 billion and 32% of U.S. households own guns. It’s very clear that firearms business is highly profitable and yet, many traditional finance institutions will refuse to provide merchant services or payment processing for firearms industry. Mostly due to the background history of the products, high chargeback ratios, and legal issues regarding firearms.

Credit Card Payment Processing for Online Guns & Ammo e-commerce websites.

Any e-commerce businesses strictly rely on their abilities to accept credit card payments, including ammo & firearms retail websites. Since banks won’t approve high risk businesses like this, firearms merchants that want to responsibly accept and process payments need to apply for an online firearm sales merchant account from a credit card processor, like Painless Processing. Specializing in providing high-risk merchant accounts for online firearm sales websites, Painless Processing offers customized payment processing solutions for new startups and well established guns & ammo businesses of all sizes.

How can I get a Firearms Sales Merchant Account? What is the Process?

Fill out our cyber-secure and absolutely painless online application to start the online firearms merchant account process. In addition to the application and a secure, operational website, firearms merchants also must provide the following items to processors and underwriters:

● A valid, government-issued ID, such as a driver’s license or a passport
● A bank letter or a pre-printed voided check
● 3 months of the most recent bank statements
● 3 months of the most recent processing statements, if applicable
● A SSN (Social Security Number) or EIN (Employer Identification Number)
● Chargeback ratios must be under 2%

Painless Processing provides a fast and easy application process to get qualified accounts approved within 24-48 hours. On top of that we work with firearms startups merchants as well as with existing businesses that banks or other merchant account providers rejected or terminated. We also work with those with bad credit or a history of excessive chargebacks, providing payment processing solution that will work with your business model.
When applying for a merchant account for ammo or firearm sales business underwriters take a close look that you are running a legal and responsible business. During their review, underwriters look for signs to determine whether merchants will cause unnecessary financial risk to credit card processors.

To prepare for the review, merchants should satisfy any outstanding debts and have some cash saved in a bank. Also, a principal in the business with the best credit history should apply for the account. This is the time for businesses to take care of anything that looked suspicious.
Taking these steps likely will boost a business’ chances of getting an online firearms sales merchant account approved with fewer restrictions.

Do I need an FFL License to get a firearms merchant account?

The U.S. Constitution’s Second Amendment guarantees private citizens’ rights to keep and bear arms. However, there are federal regulations and restrictions related to how they are sold and who can own or carry them. FFL License is required in process of obtaining firearms merchant account ONLY if you will actually be selling firearms. For non-firearm products like gun accessories FFL license is not required.

Is my firearms industry business going to be accepted?

Painless Processing, gun friendly credit card processor for gun merchants, accepts a wide range of wholesale, retail and eCommerce businesses related to ammunition and firearms. These include Gun Accessories & Add-ons, Ammunition, Assault Rifles, Custom Builds, Gun Parts, Hand Guns, Hunting Rifles, Knives, Shot Guns or Tactical Supplies. Firearms manufacturers, distributors, licensed vendors and resellers. Additionally, we accept military and tactical related businesses as well as shooting ranges, concealed carry training services, gun clubs, and gun shops.

Federal law requires federally-licensed firearms dealers to conduct background checks on potential buyers. Private, unlicensed sellers are not bound by this law. Since individual states also have their own gun laws, the legalities surrounding possession and ownership get murky. Some states, such as Colorado and New York, require background checks through the National Instant Criminal Background Check System (NICS) for those who attempt to buy a gun through a private sale. States, such as Montana, Louisiana, and Arkansas, have few to new regulations on private gun sales, including online purchases.