Firearms companies tend to be labeled as high-risk by banks and processors because of heavy regulation, political pressure, and liability concerns regarding chargeback or compliance.This does not imply that the company is unsafe but that the providers perceive extra compliance, legal, and reputation risk in dealing with firearm-related transactions. Why...
ATF’s Redefinition of ‘Engaged in the Business’: Impact on FFL Payment Processing
For anyone holding a Federal Firearms License (FFL), keeping up with the latest ATF rules isn’t just good business sense—it’s essential to avoid legal and financial pitfalls. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has redefined what it means to be “engaged in the business” of dealing firearms,...