Get approved in as little as 24 hours. No setup fees, no hidden costs.
Get Started FreeHigh-Risk Industries · Pawn Shops
Most banks and mainstream processors decline pawnbrokers outright — and the ones that approve you often freeze funds or close the account once they realize what you sell. PayKings underwrites pawn shops as pawn shops, so you can accept credit cards, debit, and ACH in store and online without surprise holds. Our underwriting team averages 24-hour approvals across our merchant portfolio.
Be approval-ready
What pawn shop underwriters ask for
Your terms, before you sign
24 hrs
Average approval time across our merchant portfolio.
Next-day
Funding available once you're accepting credit cards, debit, and ACH in store and online.
Apply
Yes — pawn shops can accept credit card payments. Because processors classify the industry as high-risk, a pawn shop needs a high-risk merchant account from a provider that underwrites collateral lenders.
Every time a customer asks whether they can use a credit card at your pawn shop and hears no, that sale walks to a competitor who takes cards. More payment options at the counter means fewer lost sales.
With a PayKings pawn shop merchant account, you can take major credit and debit cards:
Getting set up
A short online application starts the process for your pawn shop business — tell us how you sell in store and online.
Provide the business documents underwriting needs to review your file — typically identification, licensing, and recent bank or processing statements.
Specialists who know the pawn industry guide your file through review — approvals average 24 hours across our merchant portfolio.
Accept credit cards, debit, and ACH in store and online, with next-day funding available.
Why it's high-risk
Payment processors classify pawn shops as high-risk for three main reasons:
Because of this, most traditional banks refuse pawn shop credit card processing altogether. If you need to accept payments, the answer isn't hiding your business type — it's choosing a high-risk merchant account provider that approves you with full knowledge of how your shop operates.
PayKings has years of experience working with pawn shop owners and other high-risk businesses.
Payment options
A pawn shop merchant account from PayKings supports every way your customers want to pay:
With our tailored solutions, you can focus on growing your business while we handle the complexities of pawn shop payment processing.
Protection
PayKings provides chargeback prevention and fraud protection tools built for high-risk industries, so you can:
Account closures and fund holds usually happen because a mainstream processor misclassified the business.
Because PayKings approves your account knowing you're a pawnbroker, you avoid the surprise shutdowns that come from being misfiled by a mainstream provider — and you get a stable, high-risk processing account built for uninterrupted sales.
What's included
The difference
Built for the businesses other processors turn away.
FAQ
Everything you need to know about pawn shop credit card processing
See how PayKings supports adjacent verticals and the payment solutions that pair with them.
