Self-Defense Businesses
- Martial arts studios
- Personal safety training centers
- Retailers of self-defense products like tasers, pepper spray, stun guns
- Online courses for self-defense education
Each of these businesses has unique operational and regulatory challenges, especially when it comes to payment processing.
High-Risk Payment Processing Challenges
Self-defense businesses are considered high-risk for several reasons. Regulatory scrutiny is a big challenge as self-defense products and services may be restricted by local and national laws. Chargebacks are also higher as clients sometimes dispute charges for classes, memberships or product purchases. The nature of self-defense products like tasers and pepper spray classifies these businesses as high-risk to traditional banks and payment processors. These challenges means you need to partner with a processor that has experience in high-risk industries to avoid account freezes, closures or penalties.
Why a Specialized Processor
Partnering with a high-risk processor like Payment Nerds has many benefits. Specialized processors have advanced fraud tools to detect and prevent fraud. They have experience navigating complex regulatory environments to ensure compliance and stability. Unlike traditional processors, high-risk specialists minimize the risk of account terminations and have solutions for recurring billing, mobile payments and online transactions that fit your business model.
Self-Defense Business Merchant Accounts
Payment Nerds has customized merchant account solutions for high-risk industries. Options include:
- Standard merchant accounts: For businesses that do in-person training and sales.
- E-commerce solutions: For online self-defense product retailers.
- Recurring billing accounts: For subscription-based memberships or courses.
Choosing a Payment Processor for Your Self-Defense Business
When choosing a processor consider:
- Experience in high-risk industries: Look for someone who knows the self-defense business.
- Security: Do they have PCI compliant systems and robust fraud tools.
- Customization: Choose a processor that can customize for your business.
At Payment Nerds we combine industry expertise with technology to provide payment solutions for self-defense businesses.
Ready to Get Started? Here’s What You Need
Setting up a merchant account with Payment Nerds is easy. Here’s what you’ll need:
- Government ID: To verify business ownership.
- Signed merchant application: Standard paperwork for account setup.
- Voided check or bank letter: For banking info verification.
- 3 months of bank statements: To show financial history.
- Processing history: Previous processor statements if available.
- Business documentation: Licenses or certifications.
Make Life Easier with Payment Integrations
Add to your payment processing with integrations:
- Point-of-Sale (POS) systems: For in-person transactions.
- E-commerce platforms: For online shopping.
- Accounting tools: For financial management with QuickBooks.
