Operation Choke Point: ‘Square’ credit card readers will not process firearm purchases

  Operation Choke Point is an Obama regime initiative which is supposed to protect the American people from fraud, and in the process of implementing this initiative the Federal government created a list of “high risk” businesses. If a bank does quite a bit of work with a “high risk” business they risk scrutiny by the Federal government, and of course they do not want that.

  And naturally the gun industry has been put into the “high risk” category in an attempt to intimidate lenders from doing business with gun dealers and manufacturers to implement what amounts to backdoor gun control.

  After a huge outcry from Patriotic Americans all across the nation the Federal Government announced it had removed the gun industry from the list of “high risk” businesses but has anything really changed?

  Not if this story is true.

  ‘Square’ credit card readers no longer process firearms deals and it seems to be directly attributable to Operation Choke Point. Here is more:

Last summer, around the same time the U.S. Department of Justice’s Operation Choke Point began pressuring banks to drop customers who buy or sell firearms, tobacco and other goods considered “not acceptable” by the Obama administration, Square quietly changed its terms of agreement.

In an alert regarding a change of terms, Square notified vendors:

you will not accept payments in connection with the following businesses or business activities: …sales of (i) firearms, firearm parts or hardware, and ammunition; or (ii) weapons and other devices designed to cause physical injury.

Square’s revised terms of agreement immediately forced vendors to halt the processing of transactions of citizens who simply wish to buy or sell firearms or ammunition.

The timing of the release of the Square’s new, more stringent terms just so happens to coincide with Operation Choke Point’s initial targeting in the spring of 2013, as reported by The Daily Signal.

  While the Obama regime has officially removed the gun industry from the “high risk” category the message was still sent to those who would do business in the firearms industry and I would suspect they are still watching closely despite the reversal.

  Lenders now know where the Obama regime stands on the issue and it does not matter that this industry has been removed from the list. Are they going to be willing to repeal the policies they put in place after the Obama regime reversed its course on this issue knowing that the Federal Government is probably still watching? I think not, the beat goes on…

  For more on this story please visit Bunkerville and read his take on this.