Payment solutions for pawn shops and secondhand retailers.
Secure in-store sales, high-risk processing, and fast payouts.
Offer safe card and digital transactions so buyers and loan clients trust your pawn store.
Expand Revenue with Flexible Payment Options
Enable in-store, online, and contactless payments to grow sales and loan repayments.
Protect Revenue from High-Risk Transactions
Minimize chargebacks and disputes with payment solutions built for pawn brokers.
The Unique Payment Challenges Pawn Stores Face
Pawn shops operate with a business model that creates multiple complications:
Irregular high-value sales: When you sell items such as gold jewelry or collectibles, these large, irregular transactions often raise red flags with standard processors. A $3,000 watch sale might look suspicious after weeks of smaller purchases.
Chargeback sensitivity: Pawn shops face disputes over authenticity or hidden defects more often than typical retailers. Each chargeback damages your account history and adds costly fees.
Dual operations: Managing both loan payments and retail sales creates transaction patterns that confuse many payment providers.
Cash-to-card conflicts: A cash-heavy business that suddenly processes card transactions raises red flags, especially when moving into online sales.
Many stores often face the frustrating issue of having their approved merchant accounts unexpectedly shut down, leading to cash flow disruptions and the need to restart the application process. This is why most pawn brokers choose high-risk payment processing.
Payment Solutions for Collateral Loan Providers
Pawn shops need payment systems that handle more than just retail sales. Our high-risk merchant accounts are designed to support every aspect of your business:
Loan repayments and redemptions: Customers often pay back loans in irregular amounts or on short notice. With our high-risk accounts, these payments won’t trigger flags for “unusual” activity, ensuring smooth redemptions.
Collateral liquidation sales: When pawned items aren’t redeemed, you can sell them without account disruption. Whether it’s a $100 gaming console or a $5,000 diamond ring, our system accommodates both small and large ticket sales.
Day-to-day retail transactions: Pawn shops frequently sell diverse inventory such as jewelry, electronics, tools and often in unpredictable volumes. High-risk accounts recognize these patterns as normal, not suspicious.
In-store and online payments: Many pawn brokers expand beyond the shop counter. Card-not-present transactions are automatically considered higher risk, but our platform is designed to support online and mobile sales without unnecessary holds.
By choosing Sensapay’s high-risk merchant account, you avoid frozen funds, sudden account closures, and transaction limits that traditional providers impose.
Key Payment Processing Features for Pawn Brokers
Here are the main features your pawn shop can benefit from:
Payment Gateway
Handle transactions for pawns, sales, and layaways, with fraud protection for high-value items.
Accept payments on the go. Perfect for pawn shop staff handling auctions, off-site events, or even curbside pickups.
Easily take phone or remote payments when customers inquire about items or need to arrange payment from home.
Keep your business safe from disputes and fraud. Use transaction tracking tools and simplify claims handling.
Provide direct bank transfers for larger loans or purchases, minimizing costly credit card fees.
Send payment requests for layaways, custom orders, or pawn extensions without extra fees.
Compliance and Risk Management for Pawn Shops
Pawn shops must follow specific rules when processing payments, which include lending regulations and anti-money laundering laws. SensaPay provides tools to help you keep proper records of transactions and comply with these regulations.
Our platform allows you to easily track loan payments and retail sales. We also offer fraud prevention tools that help detect unusual payment patterns linked to possibly stolen items.
For high-value transactions involving gold, jewelry, and collectibles, we have extra verification steps to protect both you and your customers.
How to Apply for a Pawn Shop Merchant Account
Getting started with SensaPay is straightforward:
1
Online Application
Complete our online application with your business details and processing needs.
3
Quick Approval
Receive a customized account for your pawn operations, typically within 24-48 hours.
5
Transaction Processing
Accept payments for both loan services and retail purchases through multiple channels.
Start Processing Pawn Loans and Retail Sales Now
Get your pawn shop merchant account and start accepting payments across both your lending and retail operations.
Trusted Merchant Services for Pawn Brokerage
We have helped pawn shops across the country improve their card acceptance by using customized merchant category codes and strong risk management tools. Whether it’s for regular loan payments or retail sales, we’ve got you covered, helping to reduce those pesky account freezes that often come with traditional payment methods.
Our high-risk merchant accounts are perfect for both in-person and online sales. This lets you grow your operations without needing multiple payment systems.
We know that the way pawn shops handle customer relationships is different from regular ones. That’s why our payment solutions are designed for both recurring transactions and one-time purchases.
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Head Office
6300 Wilshire Blvd
Suite 1230
Los Angeles, CA 90036
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