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Good news for gun buyers and sellers, a new e-commerce site called Pistol Pay recently launched. It's similar to PayPal in that it's a third-party group that processes financial transactions, but unlike PayPal it can actually be used to pay for firearms.
Pistol Pay works like this, when one party has to pay the other email addresses are exchanged instead of sending a check, money order or any personal financial information because the email is linked to a Pistol Pay account. The beauty behind Pistol Pay is that its process molds to a system already in place. For payment to actually go through, an FFL has to verify that the purchased item -- a gun or gun accessory -- was actually shipped and had arrived. If the item hasn't or one of the parties backs out, the item ships back and money is refunded.
Again, it may sound an awful lot like PayPal, but that's because, well, that was the inspiration behind it.
Pistol Pay Launches: New way to buy and sell guns - Gun News at Guns.com
Pistol Pay works like this, when one party has to pay the other email addresses are exchanged instead of sending a check, money order or any personal financial information because the email is linked to a Pistol Pay account. The beauty behind Pistol Pay is that its process molds to a system already in place. For payment to actually go through, an FFL has to verify that the purchased item -- a gun or gun accessory -- was actually shipped and had arrived. If the item hasn't or one of the parties backs out, the item ships back and money is refunded.
Again, it may sound an awful lot like PayPal, but that's because, well, that was the inspiration behind it.
Pistol Pay Launches: New way to buy and sell guns - Gun News at Guns.com