Self-Defense Merchant Account
As of 2018, the martial arts and self-defense industry was valued at more than $4 billion. This makes this space a viable industry to start a business in. But if you are looking to create your own online self-defense business, you will need to find a high risk payment processor for self defense in order to accept card payments for it.
While the self-defense industry is still on the rise, there are many restrictions and limitations in place that make this industry “high risk” in the eyes of banks and payment processors. When it comes to generating a profit from the industry, the only direction to turn is a hard to place processor adept at self defense items, taser, and stun gun merchant services.
Why You Need a High Risk Payment Processor for Self Defense
Selling self-defense items such as tasers, stun guns, and other accessories is against many credit policies of banks because of their consideration as weapons. Choosing to sell self-defense products that may lead to injury or death can seem overwhelmingly risky for traditional banks. Banks and standard credit card processors typically provide merchant accounts to low risk industries such as clothing, accessories, and sporting goods. When you provide high risk or dangerous items such as mace, stun guns, and high-velocity tasers, traditional gateways are wary and unable to support you.
Benefits of Using Taser Self Defense Credit Card Processing Services
Using a dedicated payment gateway for self defense tasers and stun guns is a way to launch your self-defense business with ease. Avoid account closure and penalties that standard payment processors pose on high risk merchant accounts. Popular payment processors such as Paypal, Stripe, and Square do not allow the sale of self-defense items through their own processing system and will shut your account down when they find out what you sell.
Even if you are approved for your self-defense merchant account before launching your business, you run the risk of losing your account at any time. If a standard payment processor discovers that a user is selling high risk products, they will freeze, disable, and completely deactivate your account. High risk users of traditional payment processors do not receive any warning or inclination that their accounts are in jeopardy before they are terminated. And many times this is weeks or months after you get approved on their platform. Their process is to auto-approve merchants and underwrite them later which is bad news for hard to place businesses such as self defense.
When you choose to obtain a self defense merchant account, you are working with a high risk payment processor who is willing to vouch for you. A self-defense payment processor is well-versed in the industry and understands the risks of selling the inventory you intend to stock.
With a payment processor that accepts self-defense companies, continue managing your business without worries that your account can close at any time. Choosing a high risk credit card processor is a way to gain peace of mind as you move forward with building your self-defense business.
Steps to Obtain a Self Defense Merchant Account
Applying for a specialized self-defense merchant account is not as complicated as it may seem, even if you are inexperienced with the process. Before you begin submitting an application for a payment processor, it is imperative to seek out a self-defense credit card processor you can trust. Once you have chosen your preferred high risk payment processor, gather and organize the following information for your application:
- A valid driver's license or an official government-issued state ID will be required. Additionally, your full name, mailing address, and social security number will also be requested to process your application.
- Bank Accounts: Bank account routing and accounting numbers for personal and business accounts may be needed. If available, submitting up to 3 months of bank statements can help expedite the application process. If you do not have a business account, a personal account may suffice.
- Online Presence: Having an online presence for your self-defense business is necessary when seeking a merchant account. Without an online presence, it can be hard for a payment processor to determine your legitimacy.
Once you have submitted the necessary documents, the payment processor will partner you with a bank that accepts your business type and is able to underwrite before approval. The high risk payment processor of your choice will then contact you to complete the process and set up your account.
Owning your own self-defense e-commerce store does not have to feel tedious and overwhelming. Choosing the right payment gateway for self defense tasers is a way to free yourself from standard payment processor restrictions. Taking the time to apply for your stun gun merchant services account allows you to scale your business as it grows.
PaymentCloud is Your Trusted Self Defense Payment Processor
By beginning the application process with us, you guarantee yourself a dedicated account manager that will guide you through obtaining an online payment gateway for stun guns, tasers, and other self defense items. We specialize in high risk industry types and have the banking relationships in place to get you approved. Don’t put your merchant account in jeopardy with a traditional provider and risk closure. Allow us to get to know your wants and needs so that you can accept cards for your online self defense business.
Let us show you how easy it is to get started.
Contact us at 1-800-988-2215 or by filling out our simple online form