Pawn brokers, secondhand dealers, and consignment shops need merchant accounts that handle buying and selling used goods. The mixed cash-heavy business model and regulatory requirements put pawn shops in the high-risk category.
Tell us about your business — we'll get back to you within 24 hours with approval options.
The pawn industry is heavily regulated at the state and local level. Police reporting requirements, holding periods, and the potential for stolen property create compliance complexity that most processors don't want to navigate. Add in mixed cash/card transactions and high-ticket items and you have a business that needs a specialized merchant account.
Pawn shops are legitimate, licensed businesses — but the combination of secondhand merchandise, cash-intensive operations, regulatory requirements (police reporting, waiting periods), and occasional stolen goods risk makes most processors decline pawn shop applications.
Call or text Emerson directly. We'll give you an honest assessment of your approval chances, expected rates, and timeline — no obligation.
(956) 877-5399No setup fee. No application fee. Just a straightforward process that gets your business processing as fast as possible.