86% of merchants who apply are approved. No setup fees, no hidden costs.
Get Started FreeHigh-Risk Industries · Pawn Shops
The ones that approve you often freeze funds or close the account once they understand what you sell. We do it the other way: we underwrite pawn shops as pawn shops, so the approval is built to hold — and every fee is disclosed in the merchant service agreement before you sign.
Be approval-ready
What underwriting asks a pawn shop for
Your terms, before you sign
86%
Of merchants who apply are approved.
0.80%
Pricing starts at interchange plus 0.80%.
Next-day
Funding available once you're accepting credit cards, debit, and ACH in store and online.
Apply
Yes. Pawn shops can accept credit and debit cards — in store, online, and on a mobile device. Because processors classify the industry as high-risk, the shop needs a merchant account from a provider that underwrites collateral lenders, not a mainstream aggregator that will shut the account off at first review.
Every customer who asks whether they can pay by card and hears no takes that sale to a shop that says yes. More payment options at the counter means fewer lost sales.
With a pawn shop merchant account from PayKings, you can take major credit and debit cards:
Why it's high-risk
Three things drive the classification:
The answer is not hiding your business type behind a retail code — that is what gets accounts frozen. It is being approved by an underwriter who knows exactly how your shop operates.
We have years of experience working with pawn shop owners and other high-risk businesses.
Getting set up
A short online application starts the review — tell us how you sell: in store, online, or both.
Identification, business licensing, and recent bank statements — plus recent processing statements if you have them.
Specialists who know the pawn industry review your file as a pawn business. Timelines vary with your documentation and risk profile.
Accept credit cards, debit, and ACH in store and online, with next-day funding available.
Payments & funding
One account covers the ways money moves through a pawn shop:
We set up mobile credit card processing for the register and the floor, and ACH merchant accounts for larger tickets and bank-to-bank payments — one application covers every channel.
A merchant account is not a bank account you withdraw from. Card payments settle through the merchant account into your shop's business bank account, where the money is yours to use — and next-day funding is available.
Protection & pricing
A pawn account survives on its chargeback ratio. We build fraud prevention for high-risk card processing into the account so suspicious transactions are flagged early, and we help you respond to disputes with the documentation that wins them.
If you want the mechanics, we have written up how to stop chargebacks before they become disputes.
Closures and fund holds usually trace back to misclassification — a mainstream processor approved a “retail” account, then discovered the collateral lending. Because we approve your account knowing you are a pawnbroker, there is far less to discover later.
Comparing providers or switching? Get a merchant account quote and see how your current rates compare.
Pricing starts at interchange plus 0.80%, and every fee is disclosed in the merchant service agreement before you sign — no reserve terms or line items that appear after the account is live.
What's included
The difference
Built for the businesses other processors turn away.
FAQ
Eligibility, approval times, settlement, and paying pawn loans by card
See how PayKings supports adjacent verticals and the payment solutions that pair with them.
