VISA, Authorize.net Clarify Policy on Credit Card Processing for Firearms Sales
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You might remember a while back when we reported that Authorize.net, an online credit card processor and a subsidiary of VISA canceled the account of a major gun seller without warning.
The Hyatt Gun Shop, one of the largest gun retailers in the US, abruptly had their credit card processing account cut off for supposedly violating a no firearms policy held by the company.
Following that story, the NSSF reached out to Authorize.net and VISA and finally got a response.
According to an NSSF member email,
This week we spoke to Authorize.net CEO, Mike Walsh and Martin Elliot of Visa. We were thanked for our constructive tone of inquiry that had asked for a dialog and the opportunity to further educate Authorize.net on the regulatory requirements governing the sale of firearms. As sometimes happens with corporate acquisitions, it takes time to get all newer business units in alignment with that of the entire corporation and that’s what occurred here.
Great news. It would have been nice if these companies had the correct policies in place to begin with.
We’ll continue to keep an eye out for other financial institutions who discriminate against gun dealers.