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"We've seen unusually high interest in GunTab since the new MCC was announced," I was told via email by a representative of GunTab, a payment service specifically intended for firearms-related transactions. "In particular, online forums have been very active with people discussing ways to avoid the de facto gun registry this code implies. GunTab is being suggested because we're an escrow service, not a gun store. But we're still concerned about this new MCC because of what it really represents.
The people at GunTab warn that the new merchant code might be used to choke off services to gun dealers and create a crude registry of owners. But they especially worry it will be used to generate Suspicious Activity Reports by financial institutions to the Financial Crimes Enforcement Network that could land law enforcement on people's doorsteps through "predictive policing" efforts that interpret innocent activity as a threat. Think of it as swatting formalized through financial regulations.
Because of the rising fraud, there are escrow companies like GunTab. The buyer sends the money to the escrow service, the seller sends the gun to the buyer, the buyer accepts the gun and the escrow releases the funds to the seller. If something goes wrong, they can arbitrate a resolution. ... Do they take PayPal, Zelle, Venmo, Apple Pay and BitCoin? As mentioned before, this is an enormous red flag. Sometimes, they state they usually take credit cards but currently can't. Please don't fall for it.
We are continuing to see fraudulent websites popping up offering to take your money for great deals on guns, parts, ammo, etc., including some fraudulent sellers on legitimate auction websites. I found one site last week that did a pretty good job of duplicating a well-known reputable national seller. Check the text and photos to see if they're original or pasted from another source. BE VERY SURE who you're dealing with before making a purchase. DO NOT use Venmo, PayPal, crypto, wire transfer, debit card or whatever. Use a credit card. Use an escrow service, like GunTab.
Most payment platforms similarly prohibit transactions to buy or sell firearms. Although this may deter some sales, alternative transaction sites have stepped in: The website GunTab outlines the policies of various online platforms and positions itself as the go-to...
How many of you use PayPal or Venmo for firearm purchases? Did you know that it is against their policy and that they can lock down your account and funds if they find out that you used their service for such matters? Why risk it when there's GunTab. Yes, there is a 2.9% fee, but you have peace of mind that your funds won't be seized and if it's a scam, you are protected.
GunTab offers the only safe payments for guns and ammo.