Welcome to BKW Servicing
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- 1054 Saint Andrews Boulevard, Charleston, SC 29407
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Welcome to BKW Servicing
The right payment processor can make or break a gun dealer’s shop. Gun shops are often classified as a “high risk” merchant, which leads to higher chances of overcharged payment processing fees or banned accounts. Your payment processor should be a business partner offering mutually beneficial services, not a frustrating hindrance to your business. So let’s talk about the best payment processors for gun dealers and how to find them.
First, what should you look for in a gun shop processor? Gun shops have their own industry-specific needs and concerns that have to be taken into account when it comes to payment processors. It’s a given that you’ll need a payment processor who works with high risk merchant accounts and understands the industry. With frequently tightening regulations, a gun shop-friendly processor can be the difference between smooth transactions and drowning in hidden fees.
You also need a payment processor that is up-to-date on the latest gun regulations and can help you remain compliant. This applies not just to gun control regulations but to data privacy laws, especially when you sell guns online. The Payment Card Industry Security Standards Council (PCI SSC) provides guidelines and resources for conducting safe, compliant transactions online. Make sure any payment processor holds up to these standards.
Integrations and add-ons offered by the payment processor can also help make transactions more efficient. How does the payment processor manage inventory integrations so that your online shop is always up-to-date on the stock that you have? What about the different types of payments offered?
Finally, how do their fees stack up to the competition? Evaluate the fees of various payment processors and look at unbiased fee comparisons. Look into the reasons for those fees, as well. The last thing you want is to choose a payment processor that seems good on the surface only to find yourself weighted down every month by “hidden fees” that are a headache to unmask.
The Federal Reserve Economic Database offers both historical and current data on financial transactions, fees, and other economic indicators that can serve as benchmarks when evaluating the cost-effectiveness of different payment processors. You can also use the US Census Bureau’s Statistics of U.S. Businesses to evaluate the market size so you know whether you’ll need specialized processing services.
So with all of that in mind, what are some of the best gun shop processors in the industry? Let’s compare a few:
eMerchantBroker is a highly rated payment processor — even earning an A+ on the Better Business Bureau. They work with high-risk clients and offer custom pricing per merchant. Their offerings include ACH processing, merchant cash advances, online payment gateways, and a chargeback management system. Their main focus is on processing credit card payments.
For small gun shop businesses who need someone to take a chance on them, Zen Payments is a great option. They approve 98% of clients with a credit score of 500 and above. They particularly market themselves as a federal firearms license (FFL) friendly merchant service provider, offering convenient credit card processing, especially for online shops. They also have the benefit of providing same-day access to payments.
EMS has 30 years of experience working with firearms merchants, including offering 24/7 customer support to answer any of your urgent needs or concerns. They accept all major credit and debit cards. What stands out about EMS is its MaxxPay Mini terminal, with its quick and efficient payment processing and cloud-based back office. They also have EMSmobile for mobile payment needs.
At BKW Servicing, we pride ourselves on being a credible provider for high-risk merchant accounts, including gaming, adult-themed businesses, firearms, and bad credit businesses. We offer credit card processing, secure payment gateways for data privacy compliance, chargeback management, and even customized risk management strategies. We also have zero account setup fees and easy integration for all of your business’s payment needs.
Best of all, we work with over 20 banks and processors, so we can customize the best processing solutions for each client. No longer will you be stuck with a cookie-cutter solution. With BKW Servicing, we tailor our services to your needs.
Choosing a payment processor that you can trust with your gun dealership can be a critical and sometimes challenging decision. It’s important to do your homework on what exactly the payment processor offers and compare those services with the services of other payment processors serving gun dealers. At BKW Servicing, you can have confidence that we are here for you and want to see your business thrive.
Contact us today to learn more or to get started with a rate evaluation.