Precious Metals Merchant Account and Payment Processing

Precious Metals Merchant Account and Payment Processing

Buy, sell, or trade gold, silver, and coins with confidence.

Secure high-value payments with high-risk merchant accounts.

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precious metals
Happy couple shopping online with a credit card and tablet, making a secure payment for a purchase.

Sell Online and Offline

Sell Online and Offline

Accept payments wherever your customers are, whether in retail stores, at trade shows, or on your website.

Build Trust With Buyers

Give your customers confidence with encrypted transactions and advanced fraud protection.

Scale With Stability

Handle growing transaction volumes without payment interruptions or sudden account freezes.

Challenges of Selling Gold, Silver, and Other Bullion Online

Precious metals businesses face payment challenges that require more than standard processing solutions. Because of these factors, most standard payment processors often terminate precious metals merchant accounts without warning.

  • Transactions typically range from $1,000 to $50,000 or more. This means there is a significant risk with each sale.

  • Transaction values fluctuate daily due to market conditions and price volatility.

  • Scammers are targeting valuable items more often, increasing the risk of fraud.

  • Buyers can claim chargebacks if they report issues like not receiving their items or problems with authenticity.

  • When there is a gap between payment and product receipt, it creates windows of dispute.

  • Precious metals are often targets for money laundering. That's why regulatory bodies are keeping a closer eye on transactions involving them.

To secure your payments, you should consider getting a high-risk merchant account with a reliable payment processing provider.

gold and silver dealer

Streamlined Payment Processing for Gold & Silver Dealers

High-value payments can be tricky. Your system shouldn’t make it harder. With our tools, dealers can accept transactions online, in-store, or even at trade shows. Everything works from the same platform, so you don’t have to manage multiple systems.

Flexible Sales Channels

Accept payments online, in your store, or at trade shows. Using the same system across all channels ensures you don’t lose sales because of platform limitations, and customers can pay wherever it’s convenient.

Transparent Rates and Settlements

Fees, chargebacks, and rolling reserves are managed automatically. Large transactions settle predictably, which protects your cash flow and lets you plan purchases or shipments without surprises.

Integrated Tools for Operations

Recurring billing, invoicing, CRM integrations, and mobile card readers keep transaction records organized and simplify customer management. You spend less time reconciling payments and more time selling.

Reliability and Scalability

The system handles high-value transactions safely and continues to operate as your business grows. You can expand into new markets or take bigger orders without worrying about account freezes or interruptions.

Secure Credit Card Processing for Precious Metals

Accepting credit cards is a must, but selling high-value items like gold, silver, and coins comes with extra risk. Our payment tools help keep both your business and your customers safe while handling the verification and monitoring required for KYC and AML compliance.

Payment Gateway

Process online card transactions securely for precious metals, coins, and jewelry with automatic security checks.

Virtual Terminal

Take phone orders from collectors and investors securely, without the need for specialized equipment.

3D Secure

Reduce fraud with smart authentication that verifies buyers before completing gold and silver purchases.

Interchange Optimization

Lower processing costs on big-ticket transactions by qualifying for the best possible interchange rates.

Adapting to Changes in Precious Metals Payments

The market for precious metals is changing. Global demand is increasing, and customers want easy payment options, no matter where they are located. This change is happening because an increasing number of collectors and investors are shopping online. Many buyers now prefer digital payments over in-store transactions or wire transfers.

Precious metals businesses that adapt to these changes and offer various secure payment options typically have higher conversion rates than those that rely solely on traditional methods. 

This is why partnering with the right processor can be a significant step in your business growth.

Get Approved for a Precious Metals Merchant Account

Getting started with Sensapay is straightforward:

1

Simple Application

Complete our streamlined application with your business details and processing history.

3

Custom Setup

We configure your account with the right security settings for high-ticket transactions.

2

Submit required documentation

Business registration, owner ID, and website/product details.

4

Compliance review

Provide basic business information and processing needs.

2

Risk Assessment

Our team reviews your business, paying special attention to the needs of precious metals dealers.

4

Easy Integration

Connect your payment system to your website, POS, or management software.

Start Accepting Payments Without Risks

Get your precious metals merchant account set up quickly and accept payments. Most accounts are operational within 48 hours.

Book a Demo

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Precious Metals Payment Security Best Practices

When dealing with precious metals, payment security is crucial. Here are some best practices that will help protect your business.

  • Implement clear product authentication documentation for each sale to ensure accurate tracking and verification of transactions.

  • Develop transparent refund policies that address concerns about market fluctuations. 

  • Use insured shipping methods with tracking for all physical deliveries. 

  • Keep clear records of all transactions. This helps with settling any disputes.

By following these best practices, you can keep payments safe and give your customers confidence in every transaction.

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Frequently Asked Questions

Are there special requirements for precious metals merchant accounts?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

Are there special requirements for precious metals merchant accounts?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

Can new businesses get a precious metals merchant account?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

Can new businesses get a precious metals merchant account?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

What factors can cause an application to be denied?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

What factors can cause an application to be denied?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

Are there limits on transaction size?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

Are there limits on transaction size?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

What payment methods should precious metals dealers offer?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

What payment methods should precious metals dealers offer?

Rates can vary depending on factors like the level of risk your business carries and whether you sell online or in person. Typically, adult businesses see processing fees between 2.95% and 5%. Keep in mind, this doesn’t include other costs such as monthly account fees.

Protect Your Revenue with a Trusted Partner

Stop losing sales to payment processing limitations. Learn how our precious metals merchant account helps you capture more revenue.

Book a Demo

Apply Now

Chat with a payments expert

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High-Risk Payments

Consultation

Get expert guidance tailored to your business needs

Book a Demo

talk to a payment expert

High-Risk Payments

Consultation

Get expert guidance tailored to your business needs

Book a Demo