Print 82 comment(s) - last by 91TTZ.. on May 17 at 11:51 AM

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: mobile transactions
By wallijonn on 5/15/2013 12:54:07 PM , Rating: 2
Who is more likely to use such technology? Probably gun shows. Square therefore has taken a political stance. Regular gun shops probably have land line transactions, so they wouldn't need mobile transaction systems. The FFL gun dealers probably will just not use this company for their transactions. Sqaure will therefore lose market share amongst firearm owners, sellers and dealers.

It just means that most gun show transactions will have to be done in cash, since charging anything on a mobile transaction device, which isn't tied to an actual gun store, will likely raise a flag at the bank and will get summarily rejected. Charge a firearm to 'Joe's Garage'? Not likely to go through. At least not if your CC company is being diligent in preventing CC fraud.

There are always ATMs at gun shows. The problems are that one can reach their withdrawal limit or the ATM runs out of cash or the ATM wireless phone lines goes down. The solution is easy - carry enough cash, or leave the show and go to a bank (Saturday).

Gun shows do have their own set of problems - namely no back ground checks for ammo, or private sales which only need state drivers licenses to be legal, outside of the show private sales, underage attendees, etc. (Criminals have driver's licenses, too.) The solutions are easy enough but will likely still be contested by the citizenry.

RE: mobile transactions
By kmmatney on 5/15/2013 1:14:00 PM , Rating: 1
Yeah - seems like this is mostly about gun shows (and personal sales) to me. It's is a bit scary that a CNN reporter was able to go to several gun shows and buy semi-automatic assault rifles, without even showing an ID in most cases:

All gun laws seem like a joke, when you can just go to a show and buy whatever you want without a background check...

RE: mobile transactions
By 91TTZ on 5/15/2013 1:52:06 PM , Rating: 2
It's is a bit scary that a CNN reporter was able to go to several gun shows and buy semi-automatic assault rifles, without even showing an ID in most cases:

Why is that scary? US citizens have a legal right to own guns. If you own a gun and you wanted to sell it to me, you could. You don't need to do any paperwork. Guns are a right like free speech. They are not a privilege like cars.

RE: mobile transactions
By anactoraaron on 5/15/2013 4:48:37 PM , Rating: 2
It's scary because the 'bad guys' can easily get guns. People with felonies can easily get guns. People who would shoot kids can easily get guns. Hell terrorists can easily get guns... get the point?

Not ALL citizens have a legal right to own a gun. There should be paperwork and a background check. It's not fair to me if I sell you a gun and (unknown to me) you have a felony and shoot up a school and kill kids.

Responsible gun owners understand this argument.

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