What to Know Before Getting Started
Starting a New Business?
Selecting a credit card processor is often more complicated than most people expect. How much should you be paying in fees? Should you lease or buy equipment? Should you be locked into a service agreement for anything length of time? These considerations and several others are imporant to understand before signing up with any merchant account provider. Mistakes are easily made and can be very costly to your business. Along with seeing our top choices for payment services below, be sure to checkout this post to avoid common traps in the merchant services industry.
Considerations For Current Business Owners
Changing merchant accounts can be an expensive, complicated, and time consuming process. Are you really going to save as much as promised? Do you need to buy to new equipment or sign new lease agreements? Will there be other less accountable costs such as those associated with employee retraining? Before selecting one of our choices below, you may want to consider renegotiating your fees with your current payment processing vendors using the help of a contingency-compensated consultant. It can result in a dramatic decrease in costs without the pains of switching. In some cases business owner have also obtained substantial refunds of prior overcharges along with saving thousands in future processing costs. See this post to learn more about this little-known alternative to changing merchant account provider.
Gun Sellers Are Getting Blacklisted
The increasing popularity of mobile and online credit card processing solutions has led many firearms dealers to seek out these services for use at gun shows and in their online gun sales. Unfortunately for these merchants, nearly all of the leading mobile and online merchant account providers—including Square, PayPal, Intuit GoPayment, and First Data—are now refusing to process online and mobile firearms transactions. This has resulted in numerous complaints among firearms dealers who have found sudden holds placed on large payments that were processed through entirely legal means.
These Processors Support the 2nd Amendment
In response to requests for a list of gun-friendly credit card processors, we have created this breakdown of the top merchant account providers that allow gun dealers and gun shop owners to accept credit card payments for gun and ammunition sales. These providers can only process online firearms transactions between Federal Firearm License (FFL) gun vendors; in other words, they cannot enable merchants to sell guns directly to consumers over the internet. However, most of them can supply in-store credit card processing for direct consumer sales. It’s best to contact several providers to confirm what each company can and cannot support and to compare service offerings.
Our unbiased articles are supported in part by helping you find highly reviewed merchant accounts. You can learn more here.
Why These Merchant Account Providers
What is eMerchantBroker?
eMerchantBroker.com is a Los Angeles, California-based company that offers high risk e-commerce processing solutions including firearm merchant accounts. The company’s products include ACH processing, an online payment gateway, merchant cash advance, and a chargeback management system to help merchants dispute and resolve chargeback claims. eMerchantBroker.com places an emphasis on providing credit card processing for gun sellers.
eMerchantBroker.com offers custom pricing for each merchant and maintains a low complaint rate relative to its size and merchant portfolio. Our review of eMerchantBroker gives the company an “A” rating overall and the BBB assigns the company a rating of “A+.”
What is PaymentCloud?
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud is a good option for online firearm sales.
PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history. The BBB does not maintain a profile for PaymentCloud at this time, but CPO gives the company an “A.”
Host Merchant Services
What is Host Merchant Services?
Host Merchant Services is a Newark, Delaware-based merchant account provider that is capable of placing firearms vendors based in the U.S. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to interested merchants.
Host Merchant Services Reviews
Host Merchant Services has received only positive feedback on public forums, with most reviewers singling out the company’s customer service for praise. Host offers interchange-plus pricing with no early termination fees to all of its merchants, meaning that users will enjoy the most transparent pricing model and can cancel service without penalty. The BBB gives Host an “A+” rating, and CPO also gives the company an “A+.”
Other Merchant Account Options
The providers in this section may not have been researched as thoroughly or may lack a quality that prevented them from being listed above. We have listed them here to provide a broader view of potential merchant account options. Are you a decision maker with your company and believe that you should be listed below? Tell us here.
National Processing is a great merchant account option for gun sellers. The company is an “A” rated provider with transparent pricing, no serious complaints, and solid customer support.
National Processing is based in Lindon, Utah and specializes in ACH and credit card processing for businesses in numerous industry types, including those the banking industry considers to be of higher regulatory risk such asfirearm and ammunition sellers.
What is Payline Data?
Headquartered in Chicago, Illinois, Payline Data is a rapidly growing merchant account provider that offers processing for face-to-face and online firearms vendors. Payline specializes in providing card processing for gun and ammo dealers with physical retail locations, but it is also possible for the company to place FFL vendors who sell firearms to other dealers online. Payline’s products and services include an online payment gateway, a virtual terminal with QuickBooks integration, POS equipment, and merchant cash advance.
Payline Data Reviews
Payline Data provides customized pricing for its firearm merchants, which means that the terms of each contract will depend on the merchant’s specific business type, size, and time in business. The company has a reputation within the industry for fair rate disclosure and quality customer service, so merchants can expect to receive transparent pricing. Our review of Payline Data awards the company an overall rating of “A+,” while the Better Business Bureau gives Payline a score of “A” due to two complaints having been filed in the last three years.
Durango Merchant Services
What is Durango Merchant Services?
Durango Merchant Services provides both traditional credit card processing and offshore payment processing for online gun dealers. The company, which was founded in 1999 and is based in Durango, Colorado, provides credit and debit payments, payment gateways, e-commerce solutions, and eCheck processing services to card-present and card-not-present merchants. Durango can provide credit card processing solutions for physical locations and can also process online payments between FFL-licensed dealers.
Durango Merchant Services Reviews
Durango consistently receives positive reviews regarding its sales and support staff and is currently showing zero recent complaints on the usual consumer protection websites. Our review of Durango Merchant Services awards the company an “A+” rating at this time and the BBB is currently granting Durango an “A+” grade.
What is Vantage Payments?
Based in Scottsdale, Arizona, Vantage Payments is a merchant account provider that can provide both domestic and offshore merchant accounts for high risk merchant types, including gun and ammo suppliers. The company’s products and services include remote deposit capture, European direct debit, call center services, multi-currency support, web design, and SEO assistance. Vantage has a particularly high approval rate with sellers of ammunition and firearm accessories.
Vantage Payments Reviews
Vantage Payments currently has a clean complaint record across all review websites, which is an impressive feat for a company that serves high risk business sectors. Our review of Vantage gives the company an “A“ rating at this time, while the BBB gives Vantage an “A+.”