In the business world, FFL gun vendors are considered high-risk businesses. This leads to financial institutions placing many obstacles, making it challenging for them to operate like regular businesses. The solution is to set up a special high-risk merchant account tailored for gun businesses with FFL merchant services providers such as e Electronic Transfer. These […]
Electronic Transfer Team
Who Is the Leading Credit Card Processing Provider?
Today, shopping is easier than ever before. You just need to swipe your debit card and voilà, the purchase is made, and you are good to go. However, there is a lot more happening behind the scenes. Credit card processors, for example, play a vital role in the transaction process, making life much simpler for […]
How to Avoid Chargebacks [101 Business Guide]
Chargebacks are an inevitable part of business, yet they can be expensive for merchants. While it is not possible to completely eliminate all disputes over payments, you should always reduce the probability of chargebacks happening. Keep in mind that a 1% chargeback rate is typically the accepted maximum, although that can vary by industry. This […]
2A Friendly Credit Card Processors [What You Need to Know]
The American firearms industry has prospered in recent years, with over 13 million firearms manufactured in the U.S. in 2022 alone. Furthermore, the gun manufacturing market is expected to keep growing. Despite these encouraging estimations, though, new vendors that try to enter the market find out soon enough that they need 2A friendly credit card […]
A Background Check for Gun Purchases: How Does It Work?
Buying a firearm is not like buying a cheesecake – you can’t just waltz into the shop, buy one and leave. After all, a lot of bad things can happen when a gun falls into the wrong hands. This is where we need to talk about background checks before purchasing a firearm. – how long […]
How to Sell Guns Online the Legal Way
The gun business in the U.S. is growing incredibly fast. In 2022, it reached $80.73 billion, which is 332% higher than in 2008. At the same time, people are shifting their spending habits to online, meaning that eCommerce has become a promising way for small, independent gun sellers to reach more customers without the higher […]
What Is High Risk Credit Card Processing?
If your business is considered “high-risk,” it will be much harder for you to avoid expensive credit card processing fees. You may find it nearly impossible to even open a merchant account. The truth of the matter is that, while standard businesses enjoy low processing fees and quick access to premium merchant accounts, high-risk businesses […]
What Is a High Risk Merchant Account?
Running a business isn’t easy, but it gets even trickier when you’re labeled “high-risk”. Most merchant service providers would rather avoid these businesses due to increased potential for fraud, chargebacks, and other financial liabilities. As a result, high risk merchants are left with few processing options, limiting their ability to facilitate sales and grow their […]
How to Get a Federal Firearms License
![How to Get a Federal Firearms License [FFL Approval Timeline]](https://electronictransfer.com/wp-content/uploads/2024/05/How-to-Get-a-Federal-Firearms-License-FFL-Approval-Timeline.png)
So you have decided that you want to sell firearms, or perhaps ammunition? Naturally, you want your newfound business to be legal, and for that to happen you need to obtain an FFL (Federal Firearms License). Getting an FFL is not exactly a walk in the park, but It’s easier than many people might assume […]
How to Ensure a Secure Online Payment for Firearm Stores?
As a gun-friendly company specializing in website payment processing systems we deal with online gun stores owners daily. One common concern our customers share is the challenge of navigating complex terms and ensuring secure online payments for their ventures. With this article we hope to make the whole process easier to understand. Our goal is […]