VISA Refuses To Cut Ties With Rifle Manufacturers
BY Herschel Smith
6 years, 9 months ago
Their announcement comes after an anti-Second Amendment campaign resulted in over dozen companies cutting ties with the NRA. It also follows a New York Times’ suggestion that Visa and Mastercard could circumvent Congress and restrict “assault weapon” sales by refusing business with “assault weapon” manufacturers and/or dealers.
According to CBS San Francisco, Visa received a petition with 150,000 signatures, asking the credit card company to refuse to process purchases of “assault weapons.”
Visa responded, “We do not believe Visa should be in the position of setting restrictions on the sale of lawful goods and services.”
Well good. I guess it’s possible to win these skirmishes after all, although I don’t know the decision process they went through.
On March 19, 2018 at 9:49 pm, June J said:
Visa and the other card brands are about making billions on transactions. They know how much money is spent on firearms, ammo and everything associated with guns and how much they would lose if they quit processing the transactions.
There is no noble gestures on the card brands part, they are merely defaulting to their basic position of greed.
On March 20, 2018 at 9:19 am, Michael said:
@ June J –
It isn’t “greed”. It’s the drive to make a profit, which is what I would expect in the free market.
Nobody is required to use a Visa card to buy firearms or ammunition. They can always pay cash.