Support for Firearms Businesses via Credit Card Processing
A high risk industry such as the firearms business can find success with the right payment processor. Revitpay’s high risk merchant services is available with high approval rates. Our personalized customer service gives you the experience and knowledge of industry experts.
Your gun and ammo high risk merchant account comes with:
- PCI & Industry Compliance
- Fraud Protection
- Chargeback Alerts
- Firearm-Specialized Banks
- Payment Processing Options
- High Risk Credit Card Processing
- And More…
https://www.revitpay.com/wp-content/uploads/2021/12/firearm-credit-card-processing.pngChallenges of a Firearms Business
The gun and ammo industry has faced supply chain disruptions and regulation changes. The industry’s regulations change frequently and leave merchants scrambling to keep up. In addition, the safety of selling guns and ammo is a high priority for companies.
This high risk industry often sees fraud, illegal purchasing, and other issues that increase its risk level.
Minimum age requirements and background checks are necessary to sell firearm products. This becomes complicated for eCommerce storefronts. This is a risk online firearm merchants take.
Each state has its own set of firearm business regulations. Merchants have to set up their online stores in a way that obliges different states’ laws.
Revitpay keeps up-to-date with industry regulations to keep firearms businesses compliant across all fronts, including PCI. Federal Firearms Licenses (FFL) are required for sellers and businesses. Traditional banks may not have the time or resources to ensure that a gun and ammo business is licensed and compliant.
There are programs and systems specific to firearms businesses that Revitpay helps integrate for merchants. This frees up business owners from spending time auditing their online storefronts.Recent supply chain issues have increased the prices of gun and ammo products. These high ticket purchases increase a business’s risks. Large sales averages can hit merchant accounts with large chargebacks amounts.
Chargeback alerts help business owners keep an eye on disputes. These notifications give merchants time to resolve issues before they can become chargebacks. Gun and ammo sales increase and attract more attention from lawmakers and regulators. Gun control and other protocols make the future of the industry uncertain. Banks don’t provide accounts for inconsistent businesses like gun and ammo sellers.
Revitpay is willing to take the risk of providing for firearms businesses. We partner with specialized banks and offer tools that decrease the risk of your business.
RevitPay’s Solutions for Firearms High Risk Merchant Accounts
Bank Partners
Revitpay has more than two dozen compliant bank partners that specialize in providing high risk merchant accounts, and some specific to CBD and hemp companies. With us, there’s no need to hunt down a bank – we have that covered for you.
Chargeback Alerts
Fraud detection algorithms will notify merchants when a client files a dispute against them. These disputes become chargeback if they remain unsolved. The chargeback alerts will let you know a few days before a chargeback can be processed so that you can solve the issue with the customer.
Fraud Protection
We provide all of your fraud protection and prevention strategies, including complimentary fraud screenings. We do our best to reduce your chargeback rate to as low as 1% and continue to mitigate your business’s risk.
Easy Customer Handling
Our payment gateways support recurring payments and store customer information all in one place. Instead of keeping information all over the place, data and invoicing are available in one tap.
ACH and eCheck Processing
Provide your clients with additional payment options beyond credit cards. Revitpay offers ACH and eCheck processing, which offers lower interchange fees and security.
We Have What You Need
Revitpay can get you fast approval for a merchant account, regardless of your risk level. Our tools and services keep up-to-date with industries so that we can keep your business at the top of its game.