Square Blocks Gun Retailers from Using its Mobile Payment System
May 15, 2013 9:30 AM
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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?
This article is over a month old, voting and posting comments is disabled
5/15/2013 9:56:40 AM
I find it humorous that GE has decided that it's above lending to firearm retailers when they're the major designer and manufacturer of miniguns.
5/15/2013 11:07:44 AM
"Do as I say, not as I do"
When a GE weapon kills a person it's ok, because GE made money off it. You can chalk it up as a profitable transaction.
5/15/2013 2:13:52 PM
Well obviously they don't want to help their competitors. ;)
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