Reliable Payment Processing Providers for FFL Dealers
The fastest vehicles on the information superhighway today are computers. That said, we cannot deny the important role contemporary technology has played in making life easier and more effective.
With just a few clicks, we can now talk to our loved ones across the world or make simple purchase online. Speaking of purchases, it is mandatory for businesses to provide customers with convenient, contemporary methods of making purchases, like online shopping.
FFL dealers, in particular, are, unfortunately, very limited in their alternative payment options, since a lot of payment processors are not willing to work with them.
Fear not, Electronic Transfer accept firearms dealers with open arms. With all modesty, we are the most efficient method of FFL payment processing.
We will get back to that a bit later, but for now, keep reading as we will learn all about FFL dealers, SOT, payment processing providers, and more.
What Is an FFL Dealer?
FFL stands for Federal Firearms License. The FFL was established in 1968 to implement the Gun Control Act of the same year.
It was an update of the Federal Firearms Act (FFA) of 1938, which required all manufacturers and dealers of firearms to have a license and prohibit them from transferring any firearm or most ammunition to any person interstate unless certain conditions were met.
Therefore, an FFL dealer is someone who has obtained an FFL and deals with the legal, commercial sale of firearms. There are a few different FFL types, with some of them intended for firearms collections or ammunition manufacturing, without giving owners the right to sell.
| FFL License Type | Purpose |
| Type 01 | Firearms Dealer License (Including Gunsmiths, with the exception of Destructive Devices) |
| Type 02 | Firearms Dealer License/Pawnbroker (With the exception of Destructive Devices) |
| Type 03 | Firearms Collector (Curios and Relics) |
| Type 06 | Firearms Ammunition Manufacturer (With the exception of Destructive Devices or Armor Piercing Ammunition) |
| Type 07 | Firearms & Ammunition Manufacturer (With the exception of Destructive Devices) |
| Type 08 | Firearms Importer (With the exception of Destructive Devices or Armor Piercing Ammunition) |
| Type 09 | Destructive Devices Dealer |
| Type 10 | Manufacturer of Destructive Devices, Ammunition for Destructive Devices or Armor Piercing Ammunition |
| Type 11 | Importer of Destructive Devices, Ammunition for Destructive Devices or Armor Piercing Ammunition |
Last but not least, keep in mind that, even though dealers have obtained an FFL, they still cannot sell a gun without a background check.
What Is SOT?
SOT (Special Occupational Taxes) are additional taxes, required by the ATF, that dealers must pay if they intend to import, manufacture, or deal with restricted materials.
There are three types of SOT:
- Class 1 SOT (Importer of NFA firearms) requires an importer FFL, either Type 8 or 11.
- Class 2 SOT (Manufacturer & dealer of NFA firearms) requires a manufacturer FFL, either Type 7 or 10.
- Class 3 SOT (Dealer of NFA firearms) requires a dealer FFL, either Type 1, 2, or 9.
What Are Gun Friendly Credit Card Processors?
All businesses that wish to be profitable, and satisfy their customers’ needs, must accept credit card payments. It’s just how things are in the 21st century.
You must understand that most people do not carry hundreds or even thousands of dollars in cash. Guns are expensive items, so without having a way to process other types of payments, gun merchants cannot be successful.
While many payment processing providers, such as PayPal, for example, refuse to work with FFL businesses, due to the high risk nature of their work, we at Electronic Transfer specialize in helping firearms businesses prosper.
We help large business owners and entrepreneurs increase their sales by providing credit card processing services. Additionally, you can guarantee quick and safe payment transactions for your clients and customers.
Electronic Transfer offers card processing, firearms payment processing, 2nd amendment credit card processing, and FFL dealer credit card processing at meager rates.
We’ve been in the industry for 33 years, and we have developed the required skills and expertise necessary to navigate the ins and outs of the industry. It would help if you look at our deals below because we have very reasonable costs for our goods and services.
What We Offer to FFL Dealers?
Firstly, we offer firearm-friendly merchant accounts. Electronic Transfer accepts all kinds of guns businesses and is committed to providing our clients with the best services. We offer both private and pooled merchant accounts for businesses of all sizes.
We are a trustworthy business with years of background in managing payments for firearms. Our company takes care of everything, including operating payments, so you can focus on your consumers.
Here are some of the services you can expect from us:
- Card Processing
- Firearm Payment Processing
- FFL Dealer Credit Card Processing
- Internet Credit Card Processing
- Online Credit Card Processing
- Retail Merchant Accounts
- Mobile Credit Card Processing
Electronic Transfer Is Your Trusted Partner
FFL dealers, do not hesitate to contact us right away if you need a reliable partner for your payment processing. Together we can grow your business and take it to the next level.
We have already helped more than 50,000 merchants with their credit card processing, and we are the preferred credit card processor of GunBroker.com, so it is safe to say that we are among the most reliable payment processing providers for FFL dealers.
Electronic Transfer has no sign-up fee, no hidden fees, and no cancellation fees. On top of that, we have very competitive pricing. Our rates are among the lowest in the entire industry, and we’re a leader in bank card systems nationwide.
Join us today, and you can increase your sales in no time.