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Updated on December 13, 2013
A new payment processor tailored specifically for firearms and accessories is aiming to blow away the competition.
Launched in 2009, GUNPAL Inc. is targeting a $3 billion firearms industry where licensed weapons dealers are unable to use PayPal to buy and sell firearms. In its Acceptable Use Policy, PayPal prohibits the use of its services for “sales of … (h) certain firearms, firearm parts or accessories, ammunition, weapons or knives.”
While GUNPAL requires the merchandise you are selling or buying to be legal, it “does not discriminate based on the nature of your transaction.”
“GUNPAL, Inc. is a transaction-neutral online payment platform with a philanthropic spirit,” said company founder Ben Cannon in a prepared statement. “It is also the first serious competitor for PayPal Inc.”
The company, which was founded in 2004, does not shy away from its affiliation with the second amendment rights. The site’s “About” page features Mr. Cannon, owner of Calguns.net, along with 17 members on its advisory board including the owner of CaliforniaRifles.com and a litany of legal advisers.
“GUNPAL is more convenient than other forms of payment as its comprehensive transaction tracking system is secure and reliable for our audits,” said Mitchel Capman, a licensed firearms dealer, in a prepared statement.
In addition to giving gun merchants a way to sell online, GUNPALS also touts a philanthropic aspect. On its homepage, the processor says a portion of every transaction will go to a non-profit organization. Currently The NRA and The Calguns Foundation are listed as the latest additions to GUNPAL’s charity program.
(Via ITS Tactical)