OT-Citicorp refusing gun transactions

Jan 10, 2008 3 Replies
A

The NSSF reports that Citicorp's Merchant Services Division is refusing to process gun-related customer credit-card sales. This applies both to legal firearms transactions conducted through licensed FFLs as well as ordinary sales of firearms accessories. The first company to be affected by this decision appears to be firearms distributor CDNN Sports, a large retail operation based in Texas. Citi Merchant Services and First Data notified CDNN that its merchant services account would be terminated and funds seized. (Citicorp Merchant Services employs First Data Merchant Services Corporation to handle credit card transactions.)


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Best Regards



Tom.


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R

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Wow..... CDNN is a great company to deal with. I guess next time they call for an increase on a zero balance(Citi) I'll tell them my disposable income went to the NRA.

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T

This has got to be from all the threats of lawsuits about gun sales flying around -- I can't imagine any corporation doing something like this for moral reasons.

I can understand refusing to do transactions, but I'm deeply suspicious about the legality of seizing the assets (perhaps Ernestine from Laugh-in works there now "Mr. Froogal, we're a Bank").

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D

The web posts regarding this "incident" are very misleading... read the letter:

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Whether or not their interpretation of "the Gun Control Act" is correct is open to debate... but they are not refusing to process all "gun related customer credit card sales". The funds that were "seized" are agreed to as part of the merchant agreement, based on charge volume, to cover "charge-backs" after the account is closed.

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