On-line FFL dealers beware
If you are a licensed FFL dealer on-line and are using your merchant account through a company like Intuit you may be having a hard time as they possibly, according to some, move through a change in their company policy. According to this article from BearingArms.com, it appears some FFL licensed dealers are being disconnected from their “high-risk” merchant accounts. Apparently, Intuit decided the business fell under MOTO (Mail Order/Telephone Order) business regulations, and because they are an FFL dealer, were cut off from service. This is a major reason to consider discussing your merchant account to a “high-risk” specialist before you have issues. Intuit is a great company, and if you are with them you probably enjoy a lot of their services, but you should make 100% sure they want your processing business and are fully clear as to what exactly you do for a living.
Don’t get your FFL merchant account shut down
Can you imagine your site’s payment processing just being shut off one day for apparently no reason? The thought keeps e-commerce merchants up at night! Unless they are secure in the knowledge that their web-store is set up specifically to sell their products securely. If you have any questions, please contact us anytime.
Secure your FFL e-commerce site
We can’t blame for a processor for changing its company policy, but with stories like this about illegal gun sales or this one with claims of “ghost gun” sales coming out it’s understandable why they should leave “high-risk” processing to those processors who build their business for it. Some sites are spending a lot of money to ensure their FFL compliance, and a lot of time ensuring their merchant account is e-commerce FFL friendly.