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Friday, September 27, 2013

This is Becoming All Too Common

The Washington Examiner has this story about another credit card company severing its relationship with a firearms retailer:
Hyatt Gun Shop of Charlotte, N.C., told Secrets that the subsidiary, Authorize.net/CyberSource, simply sent an email to owner Larry Hyatt to announce that it was suddenly breaking off the business relationship. The reason: “The sale of firearms or any similar product.”
The company email said that gun sales violated a section of the service agreement the two signed over four years ago and after Hyatt went into detail about its sales and products -- and name.
"We’ve never seen anything like this,” said Justin Anderson, Hyatt’s marketing director. He said it took a week and thousands of dollars to line up a “gun friendly” credit card processor for online sales.
It's getting to the point where the firearms industry will have to open up its own banking services.

Hat tip to The Gun Wire.

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