Take Your Pawn Shop Business Online

Choose eMerchant Authority for good rates on a merchant account for your pawn shop. The pawn shop debit and credit card processing models enable you to process your website payments. 

We Work With: Merchant Payment Options

Get Your Merchant Account Today

No Obligation
Rates as low as 1%

*Rates quoted as the % above normal card interchange
costs, dues, fees, and assessments.

Do Pawn Shops Take Credit Cards?

Pawn shops have been around for decades.  These shops offer quick personal loans to people who are desperate for cash in exchange for highly valuable items such as electronics, precious metals, or jewelry. Additionally, pawn shops offer a valuable service to anyone in need of a short-term loan but who lacks a good credit score or a bank account.

Pawnbrokers use the item that the borrower provides as collateral. In case the borrower of the short-term loan is unable to pay it on time or in full, the pawnbroker will sell the item to recoup their cash. Notably, most traditional pawn shops only accept payment in the form of cash. This brings us to the question: do pawn shops accept credit cards?

Yes, most modern pawn shops do accept credit cards. Today, many pawn shops have gone digital and established online shops. To offer convenience to their modern customers, these online pawn shops accept card, mobile, and other e-payment options.

Other benefits that have made most pawnshop owners go digital include that online pawn loans shops are cheaper to run. Also, the owner has a higher chance of reaching a bigger customer base. Unlike traditional pawnbrokers who use pawn shop business cards and referrals to build their customer base, with an online shop, you can leave your contact information on your website for everyone to see. The repayment terms for online pawn shops are also friendlier to customers.

However, a pawnbroker having an online presence also means you have to give the customers of your pawn loans multiple payment solutions. And this is where eMerchant Authority comes in. At eMerchant Authority, we can help you get a high-risk pawn merchant account so you can continue providing convenient payment solutions to your credit and debit card customers.

Merchant Solutions for PAwn Shops

You put in the hard work, but you require the perfect credit card processing solution to enhance your business. Finding the right processing solution that is fair and sustainable can be hard. We work to provide accounts for businesses that are deemed to be high-risk, such as pawn shops. 

Pawn shops are usually considered high risk due to the nature of their industry as well as the additional risk of accruing stolen items. While fewer than 0.1 per cent of all pawned goods are known to be stolen, the reputation continues to exist and means that it is considered to be a high-risk business. Thus establishing a merchant account for a pawn shop can be hard, especially for new and emerging pawnbrokers. eMerchant Authority supports pawnshops in acquiring a high-risk business account for their business with our partnered banks. 

We have a range of options for merchant accounts for your pawn shop business that are designed to offer competitive solutions for your online business’ credit card processing. If you require a pawn-shop merchant account, contact us and we will begin to process your application within 5 days.

Use our fast application to get a custom tailored merchant account that fits your needs.

What To Do If Your Credit Card PRocessing Is/Was Disabled

Credit card processing is quite new for most pawn shop businesses, however, pawnbrokers have been offering secured loans in return for personal goods for a long time. Pawn shop businesses are typically regarded as high-risk which makes accepting and processing credit card payments relatively difficult. Pawnshops have existed for years, however, many merchant account suppliers deem this industry area to be too unstable and insecure. However, some banks are looking to progress into this industry because they are aware of the value of their clients. These banks offer special solutions which are specially designed for the pawnshop industry. 

eMerchant Authority designs specific solutions for high-risk merchant accounts for pawn shops, pawnbrokers as well as gold and silver traders. Pawnshops are typically labeled as high-risk merchants, which may make it difficult for pawnshop owners to identify a trustworthy merchant account for their online payment processing. However, eMerchant Authority supports pawn shops in accepting and processing debit or credit cards as a payment method, without hindering their security or their compliance.

How Being High-risk Affects Getting A Merchant Account For Your Pawn Shop

Pawn shops are one of the oldest businesses in the realm of finance. Their business model comes from medieval money lending. Their primary business goal is to lend money in return for personal goods. If an individual is unable to locate the necessary funds for debt collectors within a certain time period, they would often turn to a pawnshop. One of the main reasons for that is a person could get an emergency cash loan from a pawn shop without needing to fill in much paperwork. 

However, that is one of the things that has altered about pawn shops nowadays. In order to receive a loan or to purchase pawned items, you do not have to go to a physical establishment on the high street, rather you can complete your transaction on the internet. 

While the progression has been slow, many pawnshops are starting to choose to step away from the high street in order to establish an online presence. This enables them to access a large audience and the advantages largely outweigh the issues. Most individuals do not typically trust pawnshops because of the fact that they believe the myth that most of the items available are stolen goods. However, it is largely unfortunate that many believe that this reputation is true when in reality, pawnshops are properly regulated by the government. 

Pawnshops that offer a range of pawned items on the internet may even have a typical store too, in order to add to the money that  they receive on the internet. However, the main difference is that many people use their credit or debit card when purchasing goods online. 

How Can eMerchant Authority Support My Pawn Shop?

An online pawn shop enables you to sell to a targeted audience and allows you to earn more revenue. A typical visit to a traditional pawnshop will show you that the pawned products are purchased by a range of different people. The main advantage to the pawn shop is that the items that are available at a relatively low cost but are in decent condition. Thus, the pawn shop industry is highly profitable, as much as other businesses, and if you have a suitable pawn shop merchant account in place, your profits will begin to grow immediately. Pawn shops typically offer items that range including used car parts, antique jewelry or instruments. Whether you have already opened up an online store, or you’ve been trading online for a while, you may start to receive a large amount of credit or debit card transactions. Thus, it is recommended that you look for a pawn shop merchant account processer that specializes in such high risk accounts. 

A pawnshop merchant account supplier will enable pawn stores to process their credit card payments through a gateway. This also lets busy businesses to process large quantities of transactions each day. 

One of the most important things to remember is that an online pawn shop will not succeed if they cannot guarantee client purchasing safety. A pawn shop merchant account will offer all of the necessary safety risk due to the fact that it is a high-risk account. Thus, choosing a pawn shop merchant account will benefit your online business. 

eMerchant Authority enables pawn shop owners to get approved for and open up a merchant account. It also offers businesses chargeback management options in order to run a successful online business. 

Need A Merchant Account Quick?


eMerchant Authority prides itself in being a leader when it comes to the provision of merchant account solutions. We provide merchant account services for both low and high-risk businesses.
Our services are secure and reliable.

Besides, we understand just how financially difficult it is to become a business owner. This is why when you partner with us you also enjoy transparent pricing with no long-term contracts or hidden fees.
Whether you’re a startup or an established business, you can count on us to provide you with a perfect merchant service solution with the latest hardware and software tools such as Clover systems that are perfect for your retail payment needs.

And because customer satisfaction is what we aim for, we offer ongoing support to all our customers. Our 24/7 customer support team is always on call to answer your questions and attend to your needs.
Still interested?

Here are other additional benefits that you receive when you apply for an internet merchant account with eMerchant Authority.

Merchant Processing

Merchant Account Experts

20+ Proven Bank Relationships
Medium/High-Risk Accounts
Fast Merchant Account Approval
E-Commerce & Retail Options
B2B Vendors Supported

Multiple Payment Processing

Multiple Payment Solutions

Multiple E-Commerce Gateways
Chargeback Prevention
ACH, E-Check, Credit Cards
B2B Level 2/3 Data Discounts
3D Secure Frictionless Checkout
Mobile Payments
EMV Readers

Merchant Processing Technology

Intuitive Technology & Support

Gateway Recurring Billing
E-Commerce Cart Plugins
International Merchant Accounts
Dedicated Account Managers