Payroc: Payment Processing That Fits the Firearm Industry | 2024 SHOT Show Product Spotlight

Published on January 24, 2024
Duration: 3:38

Laura Morgan from Payroc discusses their specialized credit card processing services for the firearm industry at SHOT Show 2024. Payroc positions itself as 100% friendly to the Second Amendment industry, offering services for FFL holders and accessory businesses of all sizes. Morgan highlights their unique approach of educating banks and underwriting teams on the industry's existing regulations, thereby mitigating perceived 'high risk' and enabling smoother, more competitive rates for clients. She emphasizes building relationships and providing clarity on processing expectations.

Quick Summary

Payroc offers specialized credit card processing for the firearm industry, distinguishing itself by being 100% Second Amendment friendly and not classifying the sector as 'high risk.' Their approach involves educating banks on industry regulations, ensuring smoother transactions and better rates for FFL holders and accessory businesses.

Chapters

  1. 00:00Introduction with Bob Fryer and Laura Morgan
  2. 00:11Laura Morgan's Social Media Fame
  3. 00:33What Payroc Provides: Credit Card Processing
  4. 00:45100% Second Amendment Friendly Services
  5. 00:55Why Payroc Doesn't Consider the Industry High Risk
  6. 01:00Educating Banks on Industry Regulations
  7. 01:17Addressing the 'High Risk' Reputation
  8. 01:30Payroc's Booth at SHOT Show 2024
  9. 01:50How to Connect with Laura Morgan and Payroc
  10. 02:06Closing Remarks from SHOT Show 2024

Frequently Asked Questions

What makes Payroc's credit card processing unique for the firearm industry?

Payroc is 100% friendly to the Second Amendment industry and doesn't consider it high-risk. They achieve this by educating their banking partners on the industry's existing regulations, leading to smoother transactions and better rates for FFL holders and accessory businesses.

How does Payroc help businesses in the firearm industry overcome 'high risk' perceptions?

Payroc's founder, being an FFL holder, educates their underwriting and risk teams about the firearm industry's regulated nature. This internal understanding allows them to offer competitive processing solutions, countering the common 'high risk' label applied by other processors.

Where can I find Payroc at SHOT Show 2024 and how can I contact them?

Payroc is exhibiting at SHOT Show 2024 at booth number 52105. You can also find their contact information on the SHOT Show website. Laura Morgan is also active on Facebook in the 'FFL Connects' group.

What types of businesses does Payroc serve within the firearm industry?

Payroc serves a wide range of businesses in the firearm industry, from small enterprises to very large ones. This includes businesses dealing with accessories as well as those directly involved in FFL-related activities.

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