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It says the current gun debate has nothing to do with it

There's a lot of controversy surrounding the use of guns these days, and it's even starting to show in the retail sector as Square announces that gun retailers can't use its services. 

Square, the San Francisco-based mobile payment startup, has announced a change to its terms that says gun retailers cannot use its technology. The exact terms block sales of firearms, firearm hardware, ammunition and parts. It also forbids sales of weapons and "other devices designed to cause physical injury."

Square said its revised terms have nothing to do with the current gun debate.

“From time to time, we revisit our policies governing the use of Square to ensure they are in the best interests of our customers,” said a Square spokesman. 

Square isn't the first to snub guns. For instance, General Electric (GE) said it won't provide financing to gun retailers anymore. 

While many companies are looking to either take a stance on the gun debate or just be more sensitive about the topic in general, it seems odd that Square is choosing to block out guns. 

According to Southwick Associates, a research firm that studies the hunting and shooting industry, only about 30 percent of firearms are distributed to big retail chains like Wal-Mart while the other 70 percent are sent to smaller stores -- and Square aims to spread the use of its cash register-free mobile payment system in small stores like these. 

What do you think? Is Square's decision to axe gun retailers a good idea? 

Sources: Forbes, CNN Money

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There was a better way to do this
By mcnabney on 5/15/2013 9:43:41 AM , Rating: 2
Square should have simply stated that no controlled or illegal equipment can be purchased through their portal. That would include obvious things like illegal drugs and prostitution, but also prohibit prescription drugs, alcohol, tobacco, and firearms. Those items all require licensing and an address. It can be framed as wanting to distance their business from situations that would unnecessarily complicate their system.

Full disclosure, my wife uses Square as a payment option for legal services.

RE: There was a better way to do this
By HrilL on 5/15/2013 2:09:45 PM , Rating: 2
I'm sure their terms of service says something along those lines but who is to know what anyone is selling. You can say you sold anything and they won't know the difference. Drug Dealers and Prostitutes probably use these all the time with nothing to worry about.

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