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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: I'm Confused
By 91TTZ on 5/17/2013 11:51:25 AM , Rating: 2
I have another good example for you:

Imagine if health insurance companies said that they don't want people they insure to smoke, or eat meat, or shoot guns. You might think that they have the right to say that, and if you don't like their terms of service you can just avoid them. But with Obamacare you *have* to have health insurance from a private company as there's no public option.

If all the health insurance companies had this requirement you'd get a situation where you have a legal right to do x but you also have a legal obligation to get insurance which means you can't do x.


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