How Pawn Shops Are Embracing Online Retail

Nowadays, instead of hopping in our cars and driving to a brick-and-mortar store, many of us turn to our computers or phones when we need to buy something. Online shopping has made life a whole lot easier—and safer—than traditional in-person shopping. Retailers have caught onto this trend, which is why many stores have just as much merchandise available online as they do in their physical shops.

With over 85 percent of pawn shops operating with some form of online sales, the pawn industry is no different. Online pawn shopping in Barberton, OH is becoming increasingly popular, with some pawn shops reporting up to 25 percent of their sales coming from the internet. We don’t see this trend changing anytime soon, so continue reading to learn more about pawn shops selling online.

Why is buying online so popular?

We think the biggest contributing factor to online retail’s success is the convenience it offers. Instead of driving to a store, finding a parking spot and then searching through an entire store to find what you need, you can simply log onto your computer and browse from the comfort of your own home.

The only inconvenience of online shopping used to be waiting for a few weeks to get your item. But now, with faster shipping, folks can have their purchases in hand nearly as quickly as if they’d bought them in the store.

People also love the vast selection they have with the online pawn shopping industry in Barberton, OH. If your local pawn shop doesn’t have just what you’re looking for, you may be able to buy it online from a pawn shop in a totally different state.

Where are pawn brokers selling their items?

Many pawn shops don’t have their own dedicated online stores. Instead, the online pawn shopping industry in Barberton, OH operates through websites like eBay and Craigslist. That’s where we do our online business at Sydmor’s Jewelry and Pawn Shop.

As the area’s only Federal Firearms Licensed pawn shop, we also want to sell our firearms online. Since eBay doesn’t allow this, we sell our guns and crossbows through GunBroker.com. Anything you can find in our store you could buy online from these three websites.

What about pawn loans?

Getting a loan from a pawn shop is the one thing you can only do in person and not online. Even in the middle of the pandemic, pawn shops have reported giving out fewer pawn loans than in previous years. In fact, 40 percent of pawn shop owners surveyed reported a reduction in pawn loans in 2019.

This downward trend could be attributed to fewer people coming into the store, or loan seekers going elsewhere to get their fast cash. If that’s the case, they should reconsider—a pawn loan is the quickest and most affordable way to borrow anywhere from $5 to $25,000.

Buy and sell at Sydmor’s Jewelry and Pawn Shop

In addition to buying musical instruments, electronics, jewelry, gold and guns in our store, you can find our goods on eBay, GunBroker and Craigslist. Come down and see us or do some online pawn shopping in Barberton, OH to see everything we have to offer.

Categorised in: Pawn Shop

This post was written by Writer