” Go to a gun show, and you won’t find many merchants using PayPal.
You’ll also find few vendors using popular payment processors such as Square, Stripe and Spark Pay.
That’s because some payment processors explicitly prohibit the use of their systems for online — and some in-store — sales of firearms, ammunition and certain accessories.
Retailers in the gun industry say they’re being discriminated against.
“ Being shut out from mainstream payment processors makes us feel like we are part of some type of shady business when, in fact, there is more regulation and documentation required for federally licensed firearms dealers than most businesses,” said Trevor Blandford of Terminal Performance Associates in Caroline, Va.
Blandford, 21, has been working gun shows for his family’s business since he was 14 years old. Recently, his parents named him general manager of Terminal Performance, which is known for its custom-built pistols and rifles and originally finished wraps. He and his family sell their merchandise online and at local trade shows.”
As the State continues to pursue it’s gun control agenda in the most deceitful and underhanded ways , it is refreshing to know that at least one financial institution is not allowing this blatantly unconstitutional move by our “employees” in the Federal government to shut down legal businesses …
” With few options, Terminal Performance then turned to Transnational, a payment processor located in Rosemont, Ill., that is not shy in boasting its support for the Second Amendment.
Although it processes payments for a range of industries, Transnational has capitalized on the trend of payment processors choking firearms merchants from their customer lists.
“ Our decision to provide services within the firearms industry mostly is predicated by the fact that we believe through the obtaining of an [federal firearms license] it’s one of the more heavily regulated processes that has good governance and good oversight,” Jae Haas, President of Transnational told The Daily Signal in a phone interview.
Having been in the payment processing business for 16 years, Haas said he’s observed a growing trend of banks and payment processors adding firearms dealers to their “prohibited” or “high-risk” lists.”
Lovers of liberty would do well to try and give Transnational as much of their business as possible .
Read more at The Daily Signal