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Bank Account Requirements for Selling

Updated

GunBroker.com uses the payment methods on file with your account to collect GunBroker fees and other amounts due. A bank account on file cannot be used to pay a seller for merchandise you purchase. Payment for purchases must be arranged directly with the seller according to the payment methods the seller accepts.

Bank Account Requirement for Sellers

To sell items on GunBroker.com, you are required to have a bank account on file as a payment method.

You can have both a Primary and Secondary payment method on your account. We highly recommend adding a secondary payment method as a backup.

Your secondary payment method may be either:

  • Another bank account
  • A credit card

Important: A bank account must be designated as either your Primary or Secondary payment method. Having only a credit card on file does not meet the payment method requirement for selling.

Please note: GunBroker does not currently support Green Dot banking accounts. 

Adding a Bank Account

  1. Go to My GunBroker > Account > Billing Info.
  2. Scroll to Bank Information.
  3. Select Add Bank Account.
  4. Enter your bank account information.
  5. Select Save.

After saving the account, its status will display as either Valid or Pending Validation.

Pending Validation

Some bank accounts require a test or authorization deposit before they can be validated.

If your bank account shows Pending Validation, GunBroker.com will send a temporary deposit of less than $1 to the bank account you provided. Please allow up to 3 business days for the deposit to appear.

The deposit description will appear as:

GUNBROKER FEES / ACCTVERIFY

Make note of the exact deposit amount. You will need this amount to complete the validation process.

Validating Your Bank Account

Once you receive the test deposit:

  1. Go to My GunBroker > Account > Billing Info.
  2. Scroll to Bank Information.
  3. Select Validate Account next to the bank account requiring validation.
  4. Enter the amount of the test deposit as requested.

Once the correct deposit amount is entered, ownership of the account is verified and the bank account will be validated.

Adding a Backup Credit Card

You may also add a credit card as a secondary payment method:

  1. Go to My GunBroker > Account > Billing Info.
  2. Scroll to Credit Card Information.
  3. Select Add Credit Card.
  4. Enter your credit card information.
  5. Select Save.

We recommend maintaining a valid secondary payment method to help prevent interruptions if your primary payment method cannot be processed.