You’re ready to start selling firearms as a business. Great!

If you don’t already have one, you’re going to need to get an FFL.  Then, you can start selling guns out of a storefront as a gunshop, at gunshows, and/or online.

Of course, in order to sell your guns, you’re going to need a way to accept payment.  Cash, of course, is king.  Checks can work too but they can be a hassle and carry some risk.  Credits cards, although they have some fees associated, are sometimes the easiest and most secure way to do business.  Therefore, you’re going to need to find, and signup with, a credit card processor.

Firearm Sales and Credit Cards

If you’ve spent any time looking for a credit card processor, you know that most of them don’t allow firearm transactions. Not so great.

For example, here’s the language that bans firearm sales from the three most popular online credit card solutions:

PayPal: “You may not use the PayPal service for activities that . . . relate to transactions involving . . . ammunition, firearms, or certain firearm parts or accessories . . .”

 

Square: “Prohibited Goods and Services . . . Sales of (i) firearms, firearm parts or hardware, and ammunition; or (ii) weapons . . .”

 

Stripe: “The following categories of businesses and business practices are prohibited from using the Stripe Service . . . Regulated Products and Services: . . . age restricted goods or services, weapons and munitions. . .”

 

Firearm Friendly Solution

Don’t worry, we have some good news for you. . . RocketFFL has partnered with the the best credit card processor for the firearms industry, Blue Dog.

Unlike the other guys, Blue Dog loves the firearms industry – that’s why they’re endorsed by RocketFFL!

They’re not the only game in town, but we think that they’re the best!  And, as you’ll see in the comparison table below, you’ll get better credit card processing rates if you get your FFL through RocketFFL!

That means you can take the best course to get your FFL and learn about FFL requirements AND get the best rates with Blue Dog!!!

Credit Card Processor and Guns Comparison

PayPal Square Stripe “Other Guys” Company  RocketFFL/Blue Dog
Gun Friendly X X X
Rate 2.2 – 2.9% + $0.30 2.75% 2.9% + $0.30  2.35% (avg) 1.85% (avg)
Online Sales        
Mobile Sales        
POS     X  
 BBB Rating A A+ A+ A+ A+

 

Credit Card Processing Rates

As you can see in the table above, the non-firearm friendly examples have fixed rates (or ranges of rates plus extra fees) while the firearm-friendly examples are averages.  Also, you should notice that the fixed rates are much higher!  So, why the difference?

The “big” companies, which don’t want your business, give flat-ish rates for a couple of reasons.  First, it makes it simple for someone selling on eBay to know exactly how much they’ll lose from their sale.  Second, they get to keep a lot more of your money!  These are fine for people who don’t do many transactions and who aren’t selling firearms.

This can be a HUGE rip-off for anyone trying to run an actual business.

The credit card companies charge different rates for different cards – these rates are called “interchange” rates.  These are “base rates” that the credit card company whose logo is on the card gets.

You know all those airline miles, cash back, or bonus points you get for using your credit card when you’re shopping? Do you know who pays for that?  The business that processed the credit card transaction!   A prepaid Visa card swiped at a supermarket has a base rate of 0.05%. Compare that to a rewards card that has a rate of 2.5%!

As you can see from the chart above, the non-firearm friendly examples charge a flat rate that is high enough to cover the rewards cards and is really high for the prepaid cards.

Business/professional credit card processing companies charge a much smaller percentage on top of the base rate (interchange rate).  This means that you are only paying what you need to pay for each transaction.

RocketFFL has partnered with Blue Dog who charges the least amount of any gun-friendly credit card processing company!  You get an average rate of 1.85%.  It’s bad enough that you have to pay to get your own money, why pay more than you have to?

Some Honesty About Fees

The other guys also try to “help” you with gun-friendly credit card processing.  Some of them even try to entice you with a cash bonus to sign up.  Here’s something you may not know: whenever a company refers customers to a credit card processor, they usually get a portion of the money as a referral fee.

Well, just like the rewards cards above, who do you think pays for those “freebies” for signing up and the payment for the referral?  The company processing the credit cards…you!  That extra money has to come from somewhere – it comes from over-charging you an average of 0.5% more every single transaction.

Sign up for the best and the cheapest firearm credit card processor around and help us out by signing up on this page: RocketFFL and Blue Dog

How to Start Accepting Credit Cards

Great, you’ve signed up with Blue Dog . . . what’s next?

Unfortunately, federal firearms laws aren’t the only thing you need to worry about.  You now need to know about, and comply with federal laws related to credit card payments.

Don’t panic!  They aren’t that hard to learn and follow – and we’re going to walk you through each step.  Also, we’re putting together a free course to help you learn how to process credit cards.

 

 

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