Pawn Shop Payment Processing
Merchant Accounts for Pawn Shops
Reliable payment processing for pawnbrokers, buy-sell-trade retailers, and secondhand goods businesses.
Specialty Underwriting
Our underwriting team works with licensed pawnbrokers and secondhand retail businesses that standard processors decline.
Chargeback Protection
Integrated dispute alerts protect pawn shop revenue from the chargebacks common in secondhand goods retail.
Fast Approvals
Most pawn shop merchants receive a decision within 24 to 72 hours of submitting a complete application.
See How Your Pawn Shop Rates Compare
Pawn shops pay premium rates because most processors decline the category by default. Enter your volume to see what we can offer.
- We approve licensed pawnbrokers others decline
- Loan repayment processing built in
- Chargeback alerts for secondhand goods disputes
How much are you overpaying?
Enter your numbers from last month's processing statement.
All figures shown are estimates only and may be subject to change based on application review, business model, risk factors, and underwriting assessments. This tool does not constitute a commitment, guarantee, or offer of specific terms.
Same-day decisions · No application fee · Dedicated account manager
Processing Designed for Licensed Pawnbrokers and Secondhand Retail
Challenges Pawn Shops Face
Blanket Processor Rejections
Many national processors decline pawn shop accounts by policy, regardless of state licensing, compliance, or years of operation.
Secondhand Goods Chargebacks
Customers who purchase secondhand items dispute charges when expectations around condition or authenticity are not met. Without tooling, ratios climb.
Firearms and Jewelry Scrutiny
Pawn shops selling firearms or high-value jewelry face additional underwriting scrutiny from processors who do not understand the licensed pawnbroker model.
Loan Repayment Processing
Pawn loan repayments are an unusual transaction type that standard processors frequently misclassify or decline to process.
Built for Pawnbroker Retail
Pawnbroker Underwriting
Specialist underwriting for licensed pawn shops, buy-sell-trade retailers, and secondhand goods businesses.
Chargeback Alert Integration
Ethoca and Verifi alerts notify you of incoming disputes before they post, protecting revenue on secondhand goods transactions.
Loan Repayment Processing
Our gateway handles pawn loan repayments and redemption transactions cleanly alongside standard retail sales.
Fraud Screening
Advanced fraud rules reduce fraudulent purchase attempts without blocking legitimate customers browsing your inventory.
High-Ticket Item Support
Underwriting built for the high average ticket values common in jewelry, electronics, and firearms pawn and retail.
Dedicated Account Manager
A named account manager experienced with pawnbroker payment processing, available around the clock.
Corepay By the Numbers
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24-72h Typical Approval Window
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98% Uptime SLA
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135+ Currencies Supported
Processing Payments in 30+ Countries
United States
50 statesFull domestic processing with next-day funding and dedicated account management.
European Union
27 member statesPSD2 and SCA compliant processing across all EU member states with multi-currency settlement.
United Kingdom
England, Scotland, Wales, NIFCA-regulated payment processing with GBP settlement and local acquiring.
Australia
All territoriesAPRA-compliant processing with AUD settlement and Asia-Pacific connectivity.
Finding payment processing for pawn shops is not always straightforward. Banks and processors view pawn shops as high-risk businesses, which means you may pay higher fees and need a high-risk processing solution. Whether you are an established pawnshop or just starting out, we can help.
Why Pawn Shops Are High-Risk
The primary concerns are stolen goods, chargebacks, and high-ticket items. Pawnshops have a reputation for inadvertently purchasing stolen merchandise. Online sales introduce card-not-present risk, which increases chargeback exposure. And high-ticket transactions carry larger financial exposure for acquirers.
Applying for Your Account
You will need:
- Company EIN document
- Personal and business financial statements
- Proof of operating address
- Articles of incorporation
- Principal’s driver’s license
- Voided check
MCC Code
The merchant category code for pawn shops is MCC 5933.
Choosing the Right Processor
Pick a partner that specializes in high-risk processing and understands your industry. Shop around and compare options. And build a relationship with your processor, as it will be one of the most important partnerships for your business.
Why Choose Corepay
- Competitive rates
- Pre-approvals within 24 to 72 hours
- High-volume processing
- PCI Level 1 secure gateway
- 24/7 customer service
