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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: Odd Choice
By 91TTZ on 5/16/2013 4:17:35 PM , Rating: 1
The part you're overlooking is that guns are Constitutionally protected.


RE: Odd Choice
By rs2 on 5/16/2013 7:16:50 PM , Rating: 2
What's your point? Gun ownership is Constitutionally protected. The right to sell guns using any specific third-party transaction processing service is not.


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