Apparently. I don't know the specifics of the law though.So they can run an FFL from their home?
Apparently. I don't know the specifics of the law though.So they can run an FFL from their home?
Did you miss the comment from one in the thread?We have fleshed out what you guys believe it should cost, now what exactly does the FFL have to provide? I do not believe for a minute that it just takes 10 total minutes to do a transfer. What is involved in providing the service? What equipment is needed? Is a physical location needed? What are the costs of performing a transfer? How much time does it take to complete a transfer?
I pretty much never had an issue with a customer wanting me to do a transfer for an online purchase, even if it was a gun we had in stock.
I always viewed it as somebody giving me $20-25 for 10 minutes of work, and if they didn’t buy the one I had, the next guy probably will.
Just a quick list:We have fleshed out what you guys believe it should cost, now what exactly does the FFL have to provide? I do not believe for a minute that it just takes 10 total minutes to do a transfer. What is involved in providing the service? What equipment is needed? Is a physical location needed? What are the costs of performing a transfer? How much time does it take to complete a transfer?
I was genuinely curious as it seems to be a hot button here for some. When I see prices complained about I was interested in just what the business side has to do.I'm not sure I understand where @Ingomike is going with this thread topic. Are you trying to get feedback because you want to become an FFL and handle transfers?
Great run down!Just a quick list:
1. If the sending FFL doesn't already have it, the receiving FFL will need to send them a copy of their valid license prior to shipping.
2. The shipment comes, the receiving FFL should verify the firearm and enter all of the pertinent information into their acquisition logbook or software and assign it their inventory number.
3. The FFL SHOULD verify the firearm and S/N... if the shipping info and box says S/N 123456, but that's not what's in the box, that's a violation on FFL holding/transferring the firearm if they don't record the ACTUAL SN. Ditto if SN 123456 went somewhere else and ends up in a crime gun search but the records shows you, the FFL transferred it.
3. Must store the firearm per state/federal regulations. If FFL does this at home, likely should have a separate safe only for transfer guns... "those are mine" in the same safe likely would be violations when ATF comes.
4. When you come in, have you fill out the paper or electronic 4473.
5. Run your background check... takes about 5 minutes to login and to type everything into the FBI LEEPS website, not sure what the other options are.
6. Assuming it's an instant PROCEED, finish the 4473 including putting the NTN (NICS transaction number) and their transfer log number.
7. Log all of your information and the firearm information in their paper or electronic disposal log.
8. Best practice is to have a second set of eyes double check everything before releasing the firearm. Any typos or errors, repeat steps 4&6.
If your background check is delayed, or if your state has a waiting period (Illinois), then additional steps.
So they can run an FFL from their home?
This was what I wanted to see. I see the statements that it takes just a few minutes but that does not account for the behind the scenes work.Just a quick list:
1. If the sending FFL doesn't already have it, the receiving FFL will need to send them a copy of their valid license prior to shipping.
2. The shipment comes, the receiving FFL should verify the firearm and enter all of the pertinent information into their acquisition logbook or software and assign it their inventory number.
3. The FFL SHOULD verify the firearm and S/N... if the shipping info and box says S/N 123456, but that's not what's in the box, that's a violation on FFL holding/transferring the firearm if they don't record the ACTUAL SN. Ditto if SN 123456 went somewhere else and ends up in a crime gun search but the records shows you, the FFL transferred it.
3. Must store the firearm per state/federal regulations. If FFL does this at home, likely should have a separate safe only for transfer guns... "those are mine" in the same safe likely would be violations when ATF comes.
4. When you come in, have you fill out the paper or electronic 4473.
5. Run your background check... takes about 5 minutes to login and to type everything into the FBI LEEPS website, not sure what the other options are.
6. Assuming it's an instant PROCEED, finish the 4473 including putting the NTN (NICS transaction number) and their transfer log number.
7. Log all of your information and the firearm information in their paper or electronic disposal log.
8. Best practice is to have a second set of eyes double check everything before releasing the firearm. Any typos or errors, repeat steps 4&6.
If your background check is delayed, or if your state has a waiting period (Illinois), then additional steps.
Lol, maybe when I retire from my full time day job.This was what I wanted to see. I see the statements that it takes just a few minutes but that does not account for the behind the scenes work.
Personally I wold not do them for less than $75 or likely a $100 per transfer. I would not even answer the door for $20.
At $20 you would have to do 3000 a year, 60 a week, 12 a day, just to make $60,0000. 12 a day would likely kill a whole day. Who wants to do that, for that? If you do open up, INGO will love you if you are conveniently located…
On the other hand, they don't have to hold any inventory or have any funds tied up other than they already do to facilitate that transaction. If it is a retail LGS or FFL who also carries inventory, it can drive traffic into your retail front end. The FFL can control the hours if they want to, during which they will handle transfers, etc (even by appt).This was what I wanted to see. I see the statements that it takes just a few minutes but that does not account for the behind the scenes work.
Personally I wold not do them for less than $75 or likely a $100 per transfer. I would not even answer the door for $20.
At $20 you would have to do 3000 a year, 60 a week, 12 a day, just to make $60,0000. 12 a day would likely kill a whole day. Who wants to do that, for that? If you do open up, INGO will love you if you are conveniently located…
Absolutely! I am repeatedly amazed at the complaints I see on INGO about FFL fees, and providers and wanted to understand the situation.On the other hand, they don't have to hold any inventory or have any funds tied up other than they already do to facilitate that transaction. If it is a retail LGS or FFL who also carries inventory, it can drive traffic into your retail front end. The FFL can control the hours if they want to, during which they will handle transfers, etc (even by appt).
It all depends on how an FFL has positioned themselves and what the opportunity cost is for them to doing that transaction. Of course there is some overhead in receiving product and handling FFL transfers, but not a lot that an FFL is not already doing.
If an FFL has time on his hands, and wants to drive additional $$, it's a service that they can generally supply without a significant investment beyond what they have already made to be an FFL.
If FFL is an established shop and finds that doing transfers is taking away from from a more profitable area of your business that you are focused on, don't do them, or raise the price accordingly.
If FFL needs some extra $$ to come in and can't invest much or have the appropriate credit lines to fund inventory, then offer transfers at a reasonable cost, etc. It's entirely up to the FFL on what they want to offer on that front. Free market.
$10 at Logansport FFL at Downham & Son'sI forgot to add the question, how much time does it take to complete a transfer?
Now added to original post…