Visa Will Continue To Support Gun Purchases
BY Herschel Smith4 years, 8 months ago
IBT:
Visa Inc. said it won’t stop customers from using its services to buy guns in the United States.
The CEO of Visa, the world’s dominant credit card outside China, said the company will continue to facilitate gun purchases as long as it remains legal for Americans to buy firearms. Visa acts as a payment processor for purchases.
In contrast, other payment companies such as PayPal and Square don’t allow their services to be used for gun purchases. Mastercard, however, has taken a position similar to that of Visa’s as regards the self-regulation of gun purchases.
“We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,” Visa Chairman and CEO Alfred Kelly told CNBC. “We shouldn’t tell people they can’t purchase a 32-ounce soda. We shouldn’t tell people they can’t buy reproductive drugs.”
Visa’s stand on its role in facilitating gun purchases hasn’t changed over the past year.
Thus will I continue to support Visa.
On August 9, 2019 at 10:28 am, Fred said:
Visa computers then, do have record if you buy a 32 oz soda and yes, Visa Corporation can block any transaction that it likes in real time. I already knew this. The CEO has done you a larger good in his statement. If you did not know these things, be wise.
Something about buying and selling, a beast and some kind of a mark? It’s probably nothing.
On August 9, 2019 at 10:34 am, H said:
Fred, I’m pretty sure Visa and Mastercard, and the banks that use them, don’t know if you’re buying a 32 oz soda, they just know if you’re making a purchase at a gun store, convenience store, etc.
I’m sure he used that example because it’s so infamous, the NYC director of “public health” became so famous for banning them there (overturned in court) that Obama appointed him to head the CDC. Which then did a bang up job on the first Ebola outbreak in the US, we managed to luck out, which you can’t say about the two nurses who have to live with Ebola survival syndrome for the rest of their lives.