GunBroker

Why are gun businesses considered high-risk?

There are several reasons why businesses like gun shops and gun dealers selling firearms online are considered high-risk, even by gun-friendly credit card processors like Inovio. These include the presence of age restrictions in the firearms industry, the high average dollar amount of the average firearms transaction, and the increased rate of chargebacks associated with the sale of firearms. Luckily, there are a few payment technology companies like Inovio out there that offer affordable and compliant payment processing for firearms.

What will I need to get approved for a firearms merchant account?

For starters, you’ll need a Federal Firearms License (FFL) which allows you to legally sell firearms between states. Then, like any other merchant, you’ll need to undergo a background/financial check by your payment processor of choice’s Underwriting Department. At Inovio, we do our underwriting in-house, so If everything checks out, we’ll have you set up to accept credit card payments in no time.

Is there an underwriting process for gateway-only services?

You’ll need to provide your FFL (Federal Firearms License), Business TIN/EIN, State Registration, and existing merchant processing statements (if applicable). Additional forms may be required depending on the monthly volume requested, but you’ll have a designated Inovio Team Member to help you through the entire process.

Aim higher with credit card acceptance from Inovio and GunBroker.com.

Gateway-only pricing.

The features you want.

We are your firearms ecommerce experts.

Frequently Asked Questions