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Thread: Large credit card processing company refuses to process firearms related purchases!

  1. #1
    Regular Member Superlite27's Avatar
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    Someone at this company has basicly declared war on the firearms industry. As far as I can tell, it isn't illegal to buy and sell firearms over the internet.

    Here's the article from NSSF:
    http://www.nssf.org/news/fromBP.cfm?BPseq=704







    CREDIT CARD PROCESSING COMPANY REJECTS FIREARMS INDUSTRY

    REFUSES TO PROCESS TRANSACTIONS . . . Citi Merchant Services and First Data Corp. are refusing to process any credit card transactions between federally licensed firearms retailers, distributors and manufacturers -- a move which will severely limit available inventory of firearms and ammunition to military, law enforcement and law-abiding Americans.

    The first company to be affected by this decision appears to be firearms distributor CDNN Sports Inc.

    "We were contacted recently by First Data/Citi Merchant Services by a June Rivera-Mantilla stating that we were terminated and funds were being seized for selling firearms in a non-face-to-face transaction," said Charlie Crawford, president of CDNN Sports Inc. "Although perfectly legal, we were also informed that no transactions would be processed in the future, even for non-firearms. I find this very frightening."

    To voice your concern to Citi Merchant Services and First Data Corp., please contact June Rivera-Mantilla at 631-683-7734 or her supervisor Robert Tenenbaum at 631-683-6570.

    To change to an NSSF-affiliated credit card processing program, contact Payment Alliance International at 1-866-371-2273 (ext. 1131).




    Know anyone who does business with these credit companies? Are they really serious about keeping their business with them?

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    glade I dont do business with citi financial. Thou I used to work for them.....

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    While the intrusion of left-wing greenie-ethical business practices into commerce is disturbing, no less is this

    To change to an NSSF-affiliated credit card processing program, contact Payment Alliance International at 1-866-371-2273 (ext. 1131).


    given the NSSF's confusion, similar to the NRA's, about the meaning and significance of the 2A. It is not about hunting or commerce or marketeering.

    Isn't CITI at the center of the 'housing bust' and might this be in someway related? I have no sympathy for those doomed to 'sub-prime' mortgages nor for the fleas acquired lying with speculative investment-dogs. Conservatism is more than politics.

    Either we are equal or we are not. Good people ought to be armed where they will, with wits and guns and the truth. NRA *******

  4. #4
    Regular Member Superlite27's Avatar
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    Is Citi Merchant Services a division of Citi Financial or Citibank?

    I want to make sure I get the right company.

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    Regular Member VAopencarry's Avatar
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    Citi Merchant is First Data Group, they provide the processing service for Citigroup and use the 'Citi' name under license. Looks like the pressure needs to be applied to Citi, thay can keep First Data in line.

    http://www.firstdata.com/about/partn.../citimerch.htm
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." - Thomas Jefferson

  6. #6
    Regular Member Superlite27's Avatar
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    Here's the actual letter:





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    Citi is in huge financial trouble already. This 2a issue is all the more reason to pull any business from them. If you don't like what Citi is doing look at your credit cards and if they are Citi cancel them, if you have accounts with them close them.

    2a violations are not cool and I would be concerned this is the first of other credit card companies following suite. Show them it is unacceptable by stopping business with them.

    They have quietly begun limiting wire transfer amounts and limiting ATM withdrawals in NYC, pointing to a cash shortage.

    If you have your money in a Citi account and they go bankrupt where does your money go???

    They are heavily invested in derivatives like the sub-prime market. Many banks are over-extended and if all of their customers asked for their money right now, they wouldn't have it.

    Excerpt from:http://www.moneyandmarkets.com/issue...-a-Money-Panic

    "Helping to cut through some of the uncertainty, the OCC evaluates the credit exposure of each U.S. bank holding derivatives. In other words, it asks the question:

    Regardless of whether the bet is a win or a loss, what happens if the investor on the other side of the bet doesn't pay up?

    In normal times, such payment defaults are rare. So this is largely a theoretical question. But in a money panic, when markets can go haywire and available cash financing can suddenly dry up, a chain reaction of defaults could make this a very urgent and practical question.


    Here are the answers, according to OCC data:

    Overall, including all types of derivatives ...

    Wachovia has credit exposure that's equivalent to 89% of its capital. In other words, if all of its counterparties defaulted on their bets with Wachovia, nearly nine-tenths of its capital would be wiped out.

    Bank of America is exposed to the tune of 99% of its capital. Assuming no capital infusions, it could be virtually wiped out in an extreme money panic scenario.

    And at three banks, the panic would not have to be quite that extreme:

    Citibank has 292%:what: of its capital exposed to this kind of credit risk.

    JPMorgan Chase has 387% of its capital exposed.

    HSBC beats them all with an exposure of 388% of its capital. That means that even if its counterparties defaulted on just 26% of their bets, its capital could be wiped out."

    Vote for the 2a with your dollars.

  8. #8
    Regular Member Superlite27's Avatar
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    So...this begs the question:

    What happens if a significant percentage of their counterparties PAID OFF THEIR CREDIT LINES and canceled their accounts?

    Wouldn't this be a GOOD thing for citigroup? It would give them an infusion of cash, right?

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    Campaign Veteran Right Wing Wacko's Avatar
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    Well... I do have a couple Citi-Bank cards that have very small balances.

    Since they are cards that I don't particularly want since their interest rate is somewhat higher than my other cards... they will no longer get any of my business.

    Just an FYI... not only does Citi handle MC and VISA, some Department Store cards are also processed by Citi-Group. I know that Sears is one of them.

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    I haven't read the whole thread, but it sounds like maybe they just don't understand what is going on, or need some assurance from the firearm seller that he's not breaking any laws.

    The first assurance would be that he is in business. That would last about three seconds if the ATF thought he was doing something illegal.
    I'll make you an offer: I will argue and fight for all of your rights, if you will do the same for me. That is the only way freedom can work. We have to respect all rights, all the time--and strive to win the rights of the other guy as much as for ourselves.

    If I am equal to another, how can I legitimately govern him without his express individual consent?

    There is no human being on earth I hate so much I would actually vote to inflict government upon him.

  11. #11
    Campaign Veteran Right Wing Wacko's Avatar
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    Apparently this is not a new position from City Group.



    See http://www.saf.org/viewpr-new.asp?id=19

    Citibank is headquartered in New York City and is a subsidiary of CitiGroup, a worldwide corporation that handles credit cards, as well as corporate and consumer banking accounts. A boycott is called for against all members of CitiGroup, including Citibank, AT&T Universal Card, CitiGroup Foundation, CitiFinancial, Global Corporate & Investment Banking, Primerica Financial Services, Salomon Smith Barney, SSB Citi Asset Management Group, Travelers Property Casualty Corp., and Travelers Life & Annuity. See www.citigroup.com and http://www.citibank.com/citigroup/lob/sub/gconb/mid.htm for more places to boycott!

  12. #12
    Founder's Club Member Tess's Avatar
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    Right Wing Wacko wrote:
    Well... I do have a couple Citi-Bank cards that have very small balances.

    Since they are cards that I don't particularly want since their interest rate is somewhat higher than my other cards... they will no longer get any of my business.

    Just an FYI... not only does Citi handle MC and VISA, some Department Store cards are also processed by Citi-Group. I know that Sears is one of them.
    If you do this, write exactly why you are returning the card. Don't just quit using it. They're known for upping your credit limit if you do that.

    I make them pay a lot every year, too. Every CITI application I get (usually 2-3 a week) gets sent back in its business reply envelope - with something in the envelope. That's how I get rid of a bunch of my junk mail. Between CITI and Capital One, I send about 20 a week. I think I'll start writing on them "I could have used credit to buy firearms - but that wouldn't help your business either."
    Laws alone can not secure freedom of expression; in order that every man present his views without penalty there must be spirit of tolerance in the entire population. -Albert Einstein

  13. #13
    Regular Member Superlite27's Avatar
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    Don't just send back junk!

    Make copies of the letter refusing firearms transactions....and send that back to them using the junk citi credit card solicitations!

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    No. The business reply commits THEM to paying for whatever trash you return. They won't listen to us refuse their crap so let'em pay for it. Beware that dog-poop may be considered a bio-hazardous material and subject to you to severe Homeland Severity penalties if they trace to you.

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    I don't know what their objection is. Interstate commerce in firearms is legally permitted between/among FFLs (shipping across state lines to these ends is not prohibited, contrary to this letter). They can, in turn,resell them to individuals. I'm not aware of any on-line brokerage which doesn't adhere to these legal requirements.Unless this CDNN Sports Inc. place was doing direct interstate sales, what's the problem? It isn't the duty of the card issuer/processor to assure compliance with the GCA in any case. I simply don't understand why this an issue at all, beyond a deliberate misunderstanding of the applicable law justifying some anti-gun agenda.

    -ljp

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    Unless someone just has their head up thier butt there has to be more than just anti-gun stuff. Wonder if they have canceled contracts with any other dealers, how about those that sell on Gun Broker? As far as I could tell CDNN was doing nothing illegal. However I did read where when you buy a gun from them and have it shipped to a FFL you still had to pay sales tax because of the way they billed it. That could be what they are referring to but it sounds assinie to me. I have never bought from CDNN so I don't know.

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    Has anyone heard about the incident regarding the new policy with Citicorp Bank and their refusal to process handgun sales. Here is the article.

    http://accurateshooter.wordpress.com...-transactions/

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    Thanks Doug

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    Regular Member Thundar's Avatar
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    Virginia Citizens can go to the following Citi Banks in Virginia to inform the manager of their displeasure:

    McLean
    6643 Old Dominion Drive
    McLean, VA 22101

    Tyson's Corner
    8516 Leesburg Pike
    Vienna, VA 22182

    Leesburg
    504 East Market Street
    Leesburg, VA 20176

    Remember open carry is not prohibited by state law in financial institutions, but if posted, trespassing laws would apply.

    VCDL: It looks like we have another rogue to put in our gun unfriendly file.


    He wore his gun outside his pants for all the honest world to see. Pancho & Lefty

    The millions of people, armed in the holy cause of liberty, and in such a country as that which we possess, are invincible by any force which our enemy can send against us....There is no retreat but in submission and slavery! ...The war is inevitable–and let it come! I repeat it, Sir, let it come …………. PATRICK HENRY speech 1776

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    i cancled my card yesterday, not that they made any money off me other then hte 3% or whatever the charge is

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    OT, but I'm curious where someone gets a card at 3%??? You'd have to have a 4-digit credit score...

    -ljp

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    I never carry a balance on my card, so i never pay them any interest. But I am under the impression that they make a certain amount everytime you make a purchase, sometimes these are reflected by the merchant increasing costs for credit purchases



    at a local gunstore, things are 3% more if paid on credit, at many gas stations gas is ~3% more if paid with credit



    thats where i got the 3% from, credit card processing fees, usually eaten by the merchants, occasionally passed onto the card holder

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    That makes sense. Just checking. I know of cases where people who paid their balance in full within the 25-day grace period or whatever it is, they've had their cards canceled (and credit score reduced for it) because the banks don't get any money out of it. Anyway, back to the topic...

    -ljp

  25. #25
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    Not yet.

    Wasn't it Ben Franklin that spoke of security and freedom when he said "neither a borrower nor lender be"?

    Conservativism extends far beyond pro-gun.

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