Get a Precious Metals Merchant Account with TailoredPay
Sell gold and silver with confidence using TailoredPay. Secure approvals, high ticket transaction support, and stable credit card processing for precious metals merchants.
Why the precious metals industry is considered high risk
The precious metals industry is often classified as high risk because businesses handle high-value inventory, process large transactions, and operate in markets where price volatility and fraud concerns are greater.
High-value inventory and transactions
Precious metal sales often involve expensive products such as physical gold, silver, platinum, and other precious metals. These high-value transactions increase financial exposure for payment providers.
High ticket purchase sizes
Many transactions in this market involve high-ticket transactions compared to standard retail purchases. Larger payments create greater liability for payment processing companies if disputes occur.
Fraud and chargeback exposure
Because precious metals have strong resale value, they can attract fraud attempts. Payment providers carefully monitor businesses involved in precious metal sales to reduce risk.
Price volatility in the metals market
The value of gold and other precious metals can fluctuate rapidly. Market volatility can lead to order cancellations, disputes, or refund requests tied to price changes.
Online sales and card-not-present payments
Many precious metals retailers sell through ecommerce platforms. Online purchases increase fraud exposure compared to in-person transactions.
Stricter approval standards from traditional providers
Due to the combination of high-value transactions and fraud risk, many traditional payment processors apply stricter underwriting standards to businesses selling precious metals.
Because of these factors, companies involved in precious metal sales often require specialized payment processing solutions rather than relying on standard providers that may decline high-ticket transactions.
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How it works
Complete our free online application
E-sign the merchant processing agreement
Get approved and start processing
Questions? We can help
Call us at (888) 599-6482 or read our FAQ.
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Set up your high risk merchant
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Complete our online application in less than 10 minutes. Secure and straightforward.
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Once your application is submitted, an expert underwriter will review the details and provide an update within 24 hours.
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Our onboarding team will assist with the payment gateway setup so you can start accepting payments right away.
Apply for a high risk merchant account in under 10 minutes
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How TailoredPay helps precious metals businesses accept credit card payments
TailoredPay supports coin dealers and precious metals retailers with payment setups designed for high-value products, regulated markets, and online sales. Instead of relying on providers that avoid this category, TailoredPay offers merchant account solutions tailored to high-risk merchants operating in the precious metals market.
Built for high-value metals sales
Businesses that sell gold, gold bullion, silver coins, and other investment-grade metals often process large transactions. TailoredPay structures merchant account setups that support these high-ticket purchases.
Reliable credit card processing for precious metals retailers
Coin shops and online dealers need a stable infrastructure to accept payments. TailoredPay helps businesses accept payments for physical metals without frequent processing interruptions.
Secure payment gateway integration
TailoredPay connects your checkout system to a secure payment gateway compatible with major payment gateways used across ecommerce platforms.
Support for high-risk precious metals merchants
Many traditional providers avoid companies categorized as high-risk businesses. TailoredPay works with partners experienced in supporting high-risk merchants.
Tools to minimize disputes and chargebacks
High-value transactions can lead to disputes if pricing or delivery expectations are unclear. TailoredPay helps structure billing and transaction records to minimize disputes.
TailoredPay gives coin dealers and precious metals merchants a dependable payment infrastructure so they can accept credit card payments while selling gold, silver coins, and other investment metals.
Frequently asked questions
Why do precious metals businesses need a specialized merchant account?
Businesses that sell gold and silver often process high-value purchases and operate in regulated markets. A specialized merchant account helps support their unique needs and transaction patterns.
Why do traditional banks hesitate to work with precious metals dealers?
Traditional banks often see precious metals as higher risk because of fraud concerns, large order sizes, and high-ticket transactions that can reach tens of thousands of dollars.
Can precious metals merchants accept payments directly from a customer's bank account?
Yes. Some payment setups allow customers to pay directly from their bank accounts in addition to using credit cards.
Do precious metals businesses face higher processing costs?
Yes. Because they fall into a higher risk category, merchants may see higher fees compared to standard ecommerce businesses.
How do providers ensure compliance for precious metals merchants?
Payment providers work with merchants to ensure compliance with financial regulations, identity verification requirements, and industry rules.
Can precious metals businesses get competitive pricing?
Yes. Even though this industry carries more risk, specialized providers can still offer competitive rates and reasonable rates depending on the business profile.
What support should merchants expect from a payment provider?
A strong provider should offer a responsive support team that understands the precious metals market and helps businesses manage payment processing efficiently.
Solutions as unique as
your business.
