Merchant Services for Gold & Silver Dealers on Long Island
As a reputable dealer in gold and precious metals, your business handles high-value transactions that require security, compliance, and trust. Finding merchant services for gold & silver dealers on fair terms can be difficult at best. Generic providers may refuse service or charge excessively high-risk rates.
The Point of Sale Pros understands your industry and the unique challenges of processing daily transactions. We will tailor a solution for digital wallet and credit card processing, with an integrated POS system to streamline the experience for your team and clients.
Secure, compliant, and cost-efficient, the best credit card processing for gold & silver dealers is available here.
The Payment Industry Challenges We Help You Overcome
Operating a gold & silver dealership involves unique challenges that require more than standard retail payment processing.
- You need secure and stable merchant services free of provider refusals and frequent account holds.
- Security is crucial for high-value transactions.
- You have strict compliance requirements around KYC, AML, and record keeping.
- You need to track unique, valuable, and often serialized inventory.
- It’s essential that your merchant services provider can mitigate fraud and chargeback risks.
- Most crucially, you need merchant services for gold & silver dealers with protection from high processing fees on large transactions.
Handling these unique points and challenges is easier when you work with a local merchant services provider with experience in your industry. The Point of Sale Pros is based on Long Island and offers 24/7 live customer support. We offer the best payment solutions for gold & silver dealers in Suffolk and Nassau Counties.
Secure POS Systems for Gold & Silver Dealers
Your POS system is as important as the payment processing platform. Our team provides the best POS systems for gold & silver dealers at no upfront cost.
With hardware from trusted market brands like Clover and Dejavoo, you can get a POS solution that:
- Enhances transaction security with robust security features and fraud prevention tools.
- Helps you with detailed inventory management to track serialized items and all of your stock.
- Gives you powerful reporting tools for compliance and business intelligence.
- Allows transactions through today’s most popular payment methods.
Our hardware is available in traditional counter-based devices, as well as handheld devices with cellular connectivity. Our portable devices are ideal if you frequently attend conferences, trade shows, and market events. They allow for full access to your POS software with secure transactions over an encrypted cellular network.
Support is available for all of today’s most common payment types, including chip and swipe credit and debit cards, contactless payments, and digital wallets like Apple and Google Pay.
Comparing Square vs. Stripe vs. The Point of Sale Pros for Low-Cost Payment Processing
What’s the best choice for your gold & silver dealership? Can platforms like Square and Stripe support your industry?
- Square doesn’t overtly restrict credit card processing for gold & silver dealers, but may classify these transactions as high risk, which can attract higher rates, potentially exceeding 3.5% per transaction.
- Stripe categorizes gold & silver dealers under its restricted business types. Your business will be subject to enhanced review. High-risk transaction rates are likely, and some high-value transactions could result in temporary holds.
Even when payment processing is possible through Square and Stripe, support lead times become problematic. Customers have complained about scenarios where they waited days for ticket assistance on held payments and temporary account suspensions.
You can stop paying high transaction fees when you sign up with The Point of Sale Pros. Our low-cost payment processing for gold & silver dealers. We manage risk by building personal relationships with our clients and will work to secure the best rates while delivering personalized service.
The Best Payment Solutions for Gold & Silver Dealers on Long Island
Your business deserves the same type of dependable payment solutions available to other industries. With The Point of Sale Pros, you will have access to advanced POS systems, secure payment services, and the most competitive rates with no base transaction fees.
Talk to our team today and let us tailor the best payment solutions for gold & silver dealers, specifically for your business model. The best local merchant services can help you to grow and sustain your business on Long Island.
