Create Your Self-Defense Merchant Account
It’s a good time to be in the self-defense products market. The growth of outdoor recreation activities, civil unrest, and violent crimes are increasing the demand for personal safety products. From $2.4 billion in 2018, the self-defense products market will grow to $3.6 billion in 2025. Starting a taser/stun gun business can help you reap good profits in this growing industry.
As you may already know, it’s not easy to get into the self-defense products market. To sell tasers, stun guns, and other personal safety products, you need a self-defense merchant account. Big banks and traditional payment processors refuse to offer taser/stun gun merchant accounts because they regard this industry as a high-risk business.
Specializing in high-risk payment processing, SeamlessChex offers diverse self-defense payment processing and merchant services to reduce barriers to market entry. Browse our range of high-risk payment products to find the best solution for your taser/stun gun business:
Why are Self-Defense Merchants Considered High-Risk?
Despite being marketed as personal safety products, tasers and stun guns are dangerous instruments that can cause death or physical injury. Although legal for law enforcement use, some states prohibit the possession of self-defense products by regular citizens. Banks refuse to offer self-defense merchant accounts to avoid personal injury lawsuits and legal disputes.
It’s not only banks that shun self-defense merchants. Popular payment processors like PayPal, Square, and Stripe also decline to provide taser/stun gun merchant accounts to self-defense businesses. If you do manage to set up a merchant account with these processors, your account will be terminated once they discover that you sell high-risk items.