Pawn Shops

There are several different processing options for Pawn Shops. Aacadia Payments can get you started today quickly!  Aacadia Payments can take your information, send you out a bank application and you can be processing payments successfully within 2 business days.  Not only will Aacadia Payments get you processing fast, we will also help you keep processing successfully ongoing.  Let us take the hassle out of processing payments.

Have you been shut down previously for accepting payments?

Many Pawn Shops have just started accepting payments, with previously being a cash-only businesses.  Many Pawn Shops sell guns and weapons and many traditional payment providers simply do not approve businesses that sell guns. It is really about reputation management for the bank providing the payments.

With that being said, Aacadia Payments partners with several banks that appreciate this industry, as they know the value of these businesses and offer approvals instead of declines.   Aacadia Payments specializes in high-risk merchant account solutions for pawn stores, pawn brokers, and gold and silver traders. Pawn shops are usually considered high-risk retailers, which makes it difficult for these types of businesses to find reliable ongoing payment processing. Aacadia Payments helps pawn stores accept all forms of debit and credit cards as a form of payment, we focus on compliance and business security.

How Does Being High Risk Affect Your Chances of Getting a Pawn Shop Merchant Account?

Pawn Shops have been around since the Middle Ages.  People used to barter with goods before currency had been mainstreamed.  The main reason behind it was that people were able to get quick money from a Pawn Shop without a bunch of red tape and paperwork. However, nowadays there is much less paperwork and you can get fast service via the internet without having to fill out a bunch of paperwork and wait.

Many retail Pawn Shops have remained but some have transitioned to having a website and having customers in a much larger geographical area!

Why switch to a website?  Society is switching to a much less face-to-face world and many are rarely going into stores like in the past.  Many internet pawn stores will add merchandise that they would not normally have in their store, to give their customers an even larger variety.  The biggest difference is that over the internet, online payments are mostly via credit and debit cards.  Pawn Shops have a greater chance, then in the past to be set up for a payment processing account that will last.

Why Does this Matter and How Can Aacadia Payments Help with my Pawn Shop Merchant Account?

Having an online pawn shop with added merchandise and even a targeted customer base means having the ability to bring in far more revenue. Anyone that has visited a Pawn Shop sees that many people bring in their merchandise to get cash and there are plenty of people coming in to buy those items.  The biggest selling point, for Pawn Shops,  is the fact that the goods are available at a much lower price, in most of the time good enough condition. Pawn Shops can be profitable, just like other businesses, and with the correct payment provider setting you up with the right Pawn Shop merchant account, you will see your revenue grow quickly.

The pawn stores sell items ranging from blenders to pianos to cars and more !!  If you have just opened your online business and you see customers already coming in, you can see how your customer base can grow quickly.  Aacadia believes it is better for your business to get a pawn shop merchant account payment provider that specializes in high-risk merchant accounts and understands Pawn Shops. Aacadia Payments focuses on Security with regard to payments.   The pawn shop merchant account will help your online Pawn Shop be successful if you are a retail store that sells guns. Aacadia Payments helps pawn shop business owners get approved and set up with a pawn shop merchant account, and continue to provide payment guidance and Security Tools to help Pawn Shops be successful and be able to accept online payments ongoing