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Posting this incase you want to do a transfer at Money Market Pawn and ABSOLUTELY want them to hold the firearm until the BGC clears. They won't do that anymore.
I bought a new firearm online, shipped to Money Market Pawn (MMP) - where I do most of my transfers since it's close to where I live.
Did the 4473 last Monday - Feb 19, was approved in about 10 minutes.
During the wait, I was talking to one of the long-time employees and he said that the ATF had been in about a month prior and did a full audit - took about a week. YOUZERS!
He said that MMP came out clean as a whistle.
As a result of the audit and consultation with the head ATF person doing the audit, MMP has decided to NOT HOLD A FIREARM in a private transfer, if the BGC doesn't go through immediately.
The seller will keep the firearm and the buyer will keep their money (minus $10 for the BGC) and go home. When, and if, the BGC clears, then MMP calls both buyer and seller, they come to MMP, they exchange firearm and money and the buyer pays MMP their $30 transfer fee.
The reason - as he explained it to me is - that when MMP takes a firearm to hold they have to log it into their books. Then, when the seller picks up the firearm, they log it out as a transfer. BUT if the buyer doesn't pass the background check and MMP can't transfer the firearm to the buyer, and the seller already has the money from the buyer, then MMP is put in the middle of a sticky situation on two fronts. First, what to do with the firearm. Second, the difficulty of their role in a conflict that could arise between buyer and seller IF the seller REFUSES to give the buyer back their money and re-take possession of the firearm.
So, MMP won't hold firearms in a private transaction.
Now, this is NOT a new practice. Many small local gun shops have done it this way for a long time. And, a lot of sellers and buyers have done it this way, even if the LGS will hold the firearm until the BGC cleared.
Just an FYI.
TWYLALTR.
Cheers.
I bought a new firearm online, shipped to Money Market Pawn (MMP) - where I do most of my transfers since it's close to where I live.
Did the 4473 last Monday - Feb 19, was approved in about 10 minutes.
During the wait, I was talking to one of the long-time employees and he said that the ATF had been in about a month prior and did a full audit - took about a week. YOUZERS!
He said that MMP came out clean as a whistle.
As a result of the audit and consultation with the head ATF person doing the audit, MMP has decided to NOT HOLD A FIREARM in a private transfer, if the BGC doesn't go through immediately.
The seller will keep the firearm and the buyer will keep their money (minus $10 for the BGC) and go home. When, and if, the BGC clears, then MMP calls both buyer and seller, they come to MMP, they exchange firearm and money and the buyer pays MMP their $30 transfer fee.
The reason - as he explained it to me is - that when MMP takes a firearm to hold they have to log it into their books. Then, when the seller picks up the firearm, they log it out as a transfer. BUT if the buyer doesn't pass the background check and MMP can't transfer the firearm to the buyer, and the seller already has the money from the buyer, then MMP is put in the middle of a sticky situation on two fronts. First, what to do with the firearm. Second, the difficulty of their role in a conflict that could arise between buyer and seller IF the seller REFUSES to give the buyer back their money and re-take possession of the firearm.
So, MMP won't hold firearms in a private transaction.
Now, this is NOT a new practice. Many small local gun shops have done it this way for a long time. And, a lot of sellers and buyers have done it this way, even if the LGS will hold the firearm until the BGC cleared.
Just an FYI.
TWYLALTR.
Cheers.