Square Fires All Retail Gun Dealers

FirearmConcierge just posted the following on Reddit:

Just got the notice this morning that had a subject line of “Updating our Seller Agreement”

As a firearm retailer, this usually means one of two things.
1. They’re raising rates.
2. You’re about to get dropped and you need to start looking for a new processor.

I took a quick skim through the language and I figured it was mostly boilerplate, so naturally I hit CTRL-F and typed in firearm. Note, the bold sections are my emphasis.

Old Square Seller Agreement:
By creating a Square Account, you also confirm that you will not accept payments in connection with the following businesses or business activities: (1) any illegal activity, (2) buyers or membership clubs, (snip) 23) internet/mail order/telephone order firearm or weapon sales, (24) internet/mail order/telephone order cigarette or tobacco sales,

NEW Square Seller Agreement:
By creating a Square Account, you also confirm that you will not accept payments in connection with the following businesses or business activities: (1) any illegal activity or goods, (2) buyers or membership clubs, (snip) (23) sales of (i) firearms, firearm parts or hardware, and ammunition; or (ii) weapons and other devices designed to cause physical injury

I think all the gun show vendors who sell knives are about to throw away all their square readers.