April was the month of gun sales record in the US. Are you a firearm business owner? How can you obtain a reliable and affordable gun merchant account for your business? Just continue to read this article and you’ll know.
Gun Sales Record in April
Over 2.2 million gun purchase background checks were processed by the government last month. April set an all-time record as a result.
Based on an FBI document, the National Instant Criminal Background Check System (NICS) ran 2,233,213 checks in April. This was the most gun-related checks carried out through the Federal Bureau of Investigation’s background check system. Another record was hit in 2016, with 2,145,565.
NICS checks are among the strongest indicators of gun sales in the US. While no federal registry of firearms is available, almost all sales conducted by licensed gun dealers must be checked by the NICS.
The total NICS checks for the 1st 4 months of this year accounted for 9,354,635. This is 6.8% higher as compared to the 1st 4 months of the previous year.
With all this in mind, it’s critical to work only with a reliable payment processor to get a gun merchant account without any difficulty. Only a reputable merchant services provider can help you get the best for your business needs. With a true professional in the field, you can enjoy the lowest rates and the right credit card processing services geared to your business needs.
National Instant Criminal Background Check System
Currently, the number of guns that’re privately owned in the US makes up approximately 421 million. This figure is expected to reach 430 million by the end of 2018. More than 100 million guns have been added to the privately-owned stock of guns in the past decade.
According to the FBI, the mentioned statistics show the number of firearm background checks run through the NICS. They have nothing to do with the number of firearms sold. Based on varying state laws and purchase scenarios, no one-to-one correlation can be made between a firearm background check and a firearm sale.
By the way, handgun checks dropped 9.6%, while long-gun checks represented almost a 0.1% decline. This is according to analysis from KeyBanc Capital Markets. James Hardiman, an analyst at Wedbush, thinks that the reason why there’s a rise in long-gun sales has to do with “heightened talk of gun regulation” after Parkland shooting. Also, it has to do with firearms laws passed on the state level.
Author Bio: Electronic payments expert Blair Thomas co-founded eMerchantBroker, serving both traditional and high-risk merchants by offering a gun merchant account, and much more. His passions include producing music and traveling.