Pawn Shop Merchant Account
Running a pawn shop? Trust KlykPay for secure, flexible merchant account services built specifically for high-risk industries like yours. We understand the unique challenges pawn shops face when it comes to payment processing and regulatory compliance.
How to Obtain a Pawn Shop Merchant Account
Pawn shops play a valuable role by offering quick, short-term loans without the need for credit checks, while also serving as community marketplaces for buying and selling pre-owned items at affordable prices. However, because of the nature of the business—including the risk of dealing with stolen goods—pawn shops are often classified as high-risk by traditional payment processors.
That’s where KlykPay comes in.
We specialize in helping high-risk businesses like pawn shops secure reliable and secure payment processing solutions. With KlykPay, you’ll gain access to flexible merchant accounts that support:
In-person payments
Online transactions
Over-the-phone payments
Our goal is to provide the tools and stability you need to serve your customers and grow your business with confidence.
Ready to take the next step? Contact KlykPay today and let us help you simplify your payment processing.
Pawn Shop Merchant Account FAQ's
Find answers to commonly asked questions about our products and services. Contact us for further questions.
Why Are Pawn Shop Merchants Considered High-Risk?
Pawn Shop Merchant Account Types
At KlykPay, we understand that the pawn industry is constantly evolving. That’s why we offer a variety of payment solutions designed to meet the needs of all types of pawn businesses. Here’s a look at the different merchant account options we provide:
Online
With more pawn shops moving online to boost sales beyond their physical stores, having a secure online payment system is essential. KlykPay’s online payment gateways come equipped with fraud and chargeback protection, reducing your risk when accepting card payments online. Our solutions make it easy for you to safely process payments from customers across the globe—ensuring you’re not limited to in-person sales.
Retail
For pawn shops that rely heavily on in-store transactions, KlykPay offers in-person payment solutions that create a smooth, hassle-free shopping experience for both your team and your customers. Our modern card readers and point-of-sale systems allow you to accept the most popular payment methods, including contactless options. With over half of Americans using contactless payments and more than 87% of in-person transactions using EMV chips, keeping your payment systems current is key. We collaborate closely with clients to develop solutions tailored to the needs of pawn shops.
Over the Phone
If your business needs to process payments remotely, KlykPay’s virtual terminal is the answer. With this option, your staff can manually enter customers’ payment details into a secure online portal, allowing you to accept payments over the phone or by email. This gives your customers flexibility and ensures you can process transactions even when they can’t visit your store in person.