New Payment Laws Could Shut Down Your Gun Shop

If your gun shop is involved in gun shows, it is important to know if the rapidly changing landscape applies to payment laws in this space. Gun shows are a great way to expand your client base and advertise new products while making convenient sales. However, it is important to be careful as a gun shop owner, as legalities and compliance can vary depending on where the gun show is located. These events can be great hubs for enthusiasts, collectors, and vendors, bringing a wide variety of people to a central space.

The environment can be energetic and fast-paced, making it important for you as a shop owner to be on the ball with accessible payment processors that will keep your customers happy and keep your shop safe and compliant. In this article, we will explore the nuances of processing payments at gun shows, the importance of following regulations, and how BKW Servicing’s solutions can help streamline your payment processing and elevate your business experience. 

Legalities – What You Need to Know

It is important to always be “in the know” when it comes to the legalities of processing payments at gun shows, especially if you are a participating vendor. Gun shows are required to comply with federal, state, and local laws, which differ depending on where the show is located. These types of regulations can cover anything from background checks to licensing, to ensure that the person who is attempting to purchase the firearm is fully cleared to do so. 

Making sure that you know what type of firearm dealer you are categorized as can help make the process of understanding compliance a little bit easier. Licensed sellers must follow federal regulations while private sellers may be exempt from certain rules depending on the jurisdiction in which they are operating in. Ensuring that you understand what category you fall in is critical to successfully being compliant at these events. 

Another main component you will want to examine is your payment processor. Every payment processor at a gun show must ensure that the transaction is properly recorded and complies with applicable background check procedures. BKW Servicing Has modern technology designed to enhance Payment Solutions with these nuances in mind. Our tool is not only there to accept payment securely but also maintain a transparent and easy to understand compliance protocol. 

Compliance and It’s Importance

Compliance is the foundation for a smoothly operating gun show that is both fun and engaging for customers and safe for sellers. Sellers who fail to meet regulatory compliance could be subject to severe consequences that impact their ability to operate including fines, penalties, and even the closure of your business operations all together. Compliance is so much more than just simply handling background checks, but also understanding the local laws that may apply to the specific location you are operating in. 

By utilizing a service like BKW Servicing, your shop can take advantage of payment solutions that integrate with necessary local legal requirements. You will be able to securely process credit card payments and protect client information, track cash sales, and keep an updated report of all transactions to make sure you are staying compliant in one place. 

Key Features of BKW Servicing 

BKW is your secret weapon when it comes to offering a flexible, secure, compliant, and easy to use payment interface for customers. Using a solution that has your customers top of mind will offer features designed to make the transaction easier as you conform to a typical gun show setting. Picture vendors running left and right, busy booths, and excited firearm enthusiasts; this can certainly be a place for payments to lose their compliance elements. It is important to not let this happen to you, while also staying present with your clients and focusing on maintaining a positive customer relationship. 

BKW offers mobile payment processing which is one of the biggest competitive advantages of using our systems. You do not have to be stationed at a checkout counter or sales booth in order to process payments. Instead, you can use your phone, tablet or other electronic device to securely process the payment method that the client has chosen. This mobile first interface also integrates with apple pay, Google pay, cryptocurrency, and any type of payment method that your client prefers, so you never lose out on a sale due to not having the infrastructure to process the transaction. 

Security and fraud are often also top of mind for firearms fires and sellers. BKW sses the latest encryption technology is to modernize your business and ensure that all transactions are safe and secure. No matter what method of payment you are accepting, BKW provides the necessary safeguards to protect your clients credit card and personal data, as well as keep your business compliant. These fraud prevention features reduce the risk of fraudulent transactions which are unfortunately all too common in the world of firearm sales. 

Supporting Firearm Sales

BKW knows that when you are operating as a seller or vendor at a gun show, it is game time. Instead of focusing on back office practices and bookkeeping processes, you should be present with your clients in order to expand your customer base and encourage word of mouth referrals. By providing user-friendly interfaces, and solutions that help scale as your business grows, you will be able to maximize your time at gun shows while putting the customer at the center of everything you do. Contact us today to get started!