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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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RE: Odd Choice
By CZroe on 5/15/2013 10:35:26 AM , Rating: 2
The "unfair" part is that larger retailers continue having an advantage over smaller retailers because they accept a payment method many smaller retailers no longer can.

Did you even think about the answers to your questions before posting that? The service obviously provides some benefit over "how" they did business before, so be honest with yourself and don't ask as if it's an equivalent option to what the big retailers accept. Most did not have the ability to accept credit payments before. Many who could accept them could only do it in a convoluted way (PayPal) or from a fixed terminal. Because many retailers don't have brick and mortar locations or frequently operate away from it (flea markets; gun shows), even the ones with a traditional machine are disadvantaged.


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