What if your business was missing out on the chance to make a major profit?
If you sell firearms, it’s a good time to be in business. After all, in recent years, gun sales have actually doubled. However, you could probably make a lot more money if you could sell your guns online.
It’s possible to do that through Gunbroker, but there’s just one catch: you’ll need to find a payment gateway to do business online. How can you find the best payment gateway for Gunbroker? Keep reading to discover the answer!
Gunbroker is basically eBay for firearms. There, sellers can auction off rifles, handguns, and various other firearms to interested buyers.
Buyers really enjoy the convenience of Gunbroker because it allows them to purchase firearms the same way they purchase many other things: online. Once they win the auction, sellers ship the gun directly to their homes.
If you are such a seller, then Gunbroker gives you a great way to make money. However, it can be very difficult for merchants to sell on Gunbroker because they haven’t found the right Gunbroker payment gateway.
If you’ve never used Gunbroker to sell firearms, you might be confused about the need to use a payment gateway for Gunbroker. Why, exactly, is that?
A visit to the Gunbroker site will reveal the answer. If you look at the accepted types of payment, you won’t see any of the familiar options. Buyers cannot purchase firearms using things like PayPal, Visa, Apple Pay, etc.
The reason for this is simple: if you sell firearms, you are considered a high-risk merchant account that most payment gateways won’t work with. Let’s take a closer look at what it means to be a “high-risk merchant” to help you find the best payment gateway for Gunbroker.
It’s possible for different payment processors to label you as a high-risk merchant. At first, you might think the “risk” part has to do with the guns you sell. In reality, the risk comes from the fact that your business is at a higher risk of chargeback, fraud, or both.
Why are firearms merchants considered high-risk? For one thing, many merchants don’t realize they need to obtain a Federal Firearms License to sell guns, online or offline.
For another thing, some customers may have second thoughts about the expensive gun they purchased. Such customers are likelier to do a chargeback to get their money back. Chargebacks are very annoying for sellers and payment processors alike!
Mostly, though, payment processors often avoid doing business with firearms merchants because of the reputational risk involved. If someone later uses a firearm to commit a crime, they don’t want the bad press that comes from helping a criminal buy a gun in the first place.
It’s still possible for you to find a payment gateway for Gunbroker by using Zen Payments. And there is no better time to do so than today!
If you’ve never sold on Gunbroker before, you might have a simple question before you try to find the best Gunbroker payment gateway. Simply put: why now?
The answer is equally simple. For three years straight, there have been over one million gun sales in the country. People are more concerned about their safety and the safety of their families than ever before. And this has led to an ongoing surge in gun sales.
As a local firearms merchant, you may already have benefited from this increase in sales. But if you could sell guns online, it could potentially double your market. And by choosing a good payment gateway for Gunbroker, you can begin to sell firearms online.
When it comes to payment gateways, not all are created equal. How, then, can you find the Gunbroker payment gateway that is right for you?
To help you discover the answer, we have a brief rundown of qualities you should look for in any good gateway.
It’s one thing to make a sale and another thing to get access to your money. And you may find that many payment gateways make you wait before you can access the funds.
With reliable gateways like Zen Payments, you get access to the money you make on the same day that you make it. Not only does this save time and make things more convenient, but it gives you quick access to the liquid capital your business needs to keep running.
Many payment gateways require a credit check before they begin doing business with a merchant. And if you have less-than-perfect credit, you may have difficulty getting approved.
With the right payment gateway for Gunbroker, though, it’s easy for you to get approved. For example, Zen Payments approves a whopping 98% of applications from merchants who have a credit score of 500 or above. Typically, credit scores below 580 are considered “low,” but Zen makes it easy to get approved and start making money.
When you choose a payment gateway for Gunbroker, keep one thing in mind. The gateway is only as good as its network!
Once you select a gateway, they will work with other banks and merchant service providers. At this point, they want to find banks and providers that will do business with a firearms merchant.
The larger the financial network, the more options you have as a merchant. And since Zen works with more than 15 banks and merchant service providers, you will have plenty of options when it comes to doing business online!
Now you know more about Gunbroker and the need for a payment gateway. But what if the best payment gateway for Gunbroker was only a click away?
Here at Zen, we specialize in helping firearms merchants like yourself sell guns via Gunbroker. To learn how we can help you make a bigger profit via online sales, contact us today!