The firearm and ammunition industry contributes a hefty amount to the economy of the United States. In fact, in 2023 it was deduced that this industry accounted for about $90.6 billion total of economic activity in the country. Gun shows and other mobile firearm sale events are a great way to bring forth the most innovative firearm options for customers. If you are a firearm merchant that’s on the go, this shouldn’t mean you miss out on the necessary payment processing solutions your business needs to thrive. Keep the top payment solutions for the firearms and ammo industry by working with a high-risk merchant payment processor like USA Payments.
Why is the Firearm Industry Considered High-Risk?
The firearm and ammo industry is considered a high-risk merchant by banks and other traditional payment processors, which can lead to hiccups when hardworking gun merchants want to conduct customer transactions. Many gun businesses who apply for merchant accounts to obtain credit and debit card processing can be flat-out rejected by banks due to their industry. Why are these types of merchants considered high-risk? Some of the reasons include:
- Strict federal regulations
- Increased chargeback rate
- Potential fraud
- Reputational risks for banks and other payment processors
If you are a fairly new firearm business, you want to obtain the proper payment processing solutions. This can be particularly crucial if you are taking your business on the road, and participating in events such as gun shows. Being a high-risk merchant and needing specialized mobile solutions may seem daunting, but there are solutions. In order to obtain some of the premier payment solutions for your business, you’ll want to work with a leading high-risk payment processor.
How Can a High-Risk Payment Processing Company Help?
A high-risk payment processor has the knowledge and experience of working with merchants in high-risk industries. These payment processors are aware of the rules and regulations each business needs to comply with, and can also provide solutions to further grow businesses and establish the right payment practices. This can be especially vital for a company that is doing mobile firearm sales. Dealing with the secure payment information of customers from different areas you may not always frequent can call for specialized payment solutions for your business.
Why Should My Business Participate in a Gun Show?
Are you a firearms merchant that is considering the chance to participate in a gun show? With an estimated 2,500 gun shows held every year in the country, it’s no surprise that many merchants attend these types of shows in order to reach a larger clientele base than they would in a physical store. Are you considering taking your business on the road to participate in a gun show? Some of the reasons why firearm and ammo businesses attend gun shows include:
- Learning more about products tailored to the firearm industry
- Announcements for new types of firearms that merchants may be interested in carrying for their shops
- Industry support and interacting with nonprofit organizations committed to philanthropic work within the firearm industry, such as organizations working for second amendment protection, first responder support, veterans’ affairs, etc.
- Educational opportunities and learning more about specialized techniques to help your business grow, such as employee hiring, training, brand building, and much more
- Feedback on your products and, of course, the opportunity to sell your products to a large number of interested clients from other areas that you may not always be able to reach!
Participating in a gun show can be a great opportunity to further expand your business and mingle with other like minded people within the firearm industry. These types of shows are meant to further expand your knowledge about the products in your business, as well as have the opportunity to meet and sell to a wider customer base than you may typically reach in a physical shop. Are you considering participating in a firearm show and introducing mobile firearm sales within your business? This is a great option, and of course, you’ll need the appropriate payment processing solutions in order to complete each transaction securely!
What are the Leading Payment Solutions for Gun Show Merchants?
Are you taking your business to a gun show for the first time? Or are you a novice who isn’t new to the game, but are still in need of the right payment processing solutions? If you are going mobile with your firearm business, you’ll need the right payment solutions in order to successfully complete sales on the go, while still maintaining a level of trust and security for customers. Because you are going mobile, you will likely be dealing with customers outside of your usual area, which means you want to make sure to protect their payment information and your business at the same time.
As a gun show merchant, some of the best payment solutions you can obtain include:
Mobile Payment Solutions
Mobile payment solutions are key in order to keep your business transactions running smoothly at a firearm show or similar event. In this day and age, many people don’t carry cash. Using mobile payment solutions, such as handling transactions through a mobile app, is an easy way to keep transactions secure and manageable. With USA Payments, our mobile payment solutions are compatible for Apple and Android devices, accept all payment types (including Swipe, EMV (chip cards), and NFC), and also have secure PCI-encrypted card readers, which means customers will have the reassurance their sensitive payment information is being handled with the utmost care!
Not to mention, you can also add tips and process returns and refunds in the moment. This means you can say goodbye to the hassle of slowing down your business. Top mobile payment solutions can also be important if you are dealing with high volume transactions, which may be the case at a gun show.
Virtual Terminal Solutions
Processing payments in real-time is crucial when you’re on the road. Virtual terminal solutions can help you process in-person, phone, card, or check transactions instantly, which is essential when completing mobile firearm sales. Virtual terminal solutions can help you manage customer information and even deal with recurring billing if needed. With these types of payment solutions, you can be confident your business is running as smoothly as possible.
Chargeback Solutions
The firearm industry is considered high-risk due to a large quantity of chargebacks that regularly occur. Whether it be a transaction error, duplicate orders, or whatever else, you want to make sure to keep chargebacks low. Chargebacks can still occur in gun shows, but fortunately, working with a high-risk payment processing company like USA Payments can help gun show merchants better manage these types of issues. At USA Payments, our firearm payment specialists work with merchants to keep their merchant accounts up and running as long as their chargeback rate is under 3%.
Contact USA Payments Now!
Participating in a gun show as a merchant can be the best way to reach a larger customer base and sell your products in different areas. While on the road, you want to make sure to have access to the right payment solutions, particularly mobile payment processing techniques. When you have the right payment solutions, transactions run much smoother, and you can focus on offering your products to new customers.
Are you interested in learning more about the right payment processing for your firearm business? Contact the team at USA Payments today to learn more. We strive to provide merchants with the freedom in payment processing they deserve. Connect with us now and get started on learning more about the payment solutions to make your business thrive!