November 25, 2025

More Positive News: Stripe Updates Policies to Reverse Firearm Industry Discrimination

By Larry Keane

There has been noteworthy and positive movement from major businesses that previously held policies discriminating against the firearm industry. Now these companies offer their services to the thousands of lawful, highly regulated businesses that provide firearm-related services to law-abiding.

President Donald Trump made waves when he called out Bank of America CEO Brian Moynihan — to his face — at the World Economic Forum at the beginning of the year.

“You and Jamie [JP Morgan Chase CEO Jamie Dimon] and everybody else, I hope you start opening your banks to conservatives,” President Trump told Moynihan. “What you’re doing is wrong.”

That was only the beginning. President Trump also signed the Executive Order Guaranteeing Free and Fair Banking for All Americans, enforcing a firearm industry priority to end banking discrimination against individuals and entities based on political beliefs. For years, members of the firearm industry have been denied banking and financial services by banks espousing “woke” anti-Second Amendment policies.

The message is out. The administration means business. And those businesses are changing their tune as a result. The most recent is Stripe — a leading payment processing and e-commerce services platform that previously barred firearm industry businesses from using its products.

Singing A Different Tune

Stripe is well known for its suite of e-commerce tools and payment processing services, notoriously barring firearm industry-related businesses from utilizing their tools and services. It was flat out discrimination. But as of a few weeks ago, Stripe has changed its tune towards an entire industry that was built on facilitating a fundamental Constitutional right.

Industry members contacted NSSF regarding emails they received from Stripe notifying them of a change in policy and that they were open to doing business. It was an intriguing and positive development.

“Stripe recently changed its policies to support businesses in the weapon space. We have a limited number of businesses that were able to onboard and yours was identified as a top priority,” an email from a Stripe associate stated. The email was shared with NSSF.

A second email to a second industry member said something similar.

“Businesses in the gun space were just given the green light for our payment capabilities. I wanted to reach out to you directly to discuss potential partnership opportunities that would enable faster, more reliable payment processing across your business.”

NSSF contacted Stripe associates to verify the change in policy and to ask for written confirmation that a policy had, in fact, been changed. Good news — it had.

“Stripe has moved firearms and industry-related businesses from prohibited to restricted. This means there is now an opportunity to support these businesses, but it will require a few extra paperwork steps with our risk team. (This link here will show you that firearms is now a restricted business, you will just have to scroll down a little!).”

The link does show that “firearms, including rifles, shotguns, and pistols; regulated firearm parts and accessories, such as suppressors; and other weapons not listed above (e.g., stun guns, swords not meant as replicas, pepper spray, machetes)” are all allowed now under a “Restricted” category necessitating more in-depth conversations before services can be used.

As with previous changes NSSF has confirmed, Stripe’s updated policy is good news and should be viewed as such. But also with previous examples, NSSF will take a “Trust, but verify” approach and will continue asking for feedback from our industry members who opt to pursue utilizing Stripe’s services.

Welcomed Changes

The big banks changed their policies quickly, including J.P. Morgan Chase Wealth Advisors (see Silencer Central) and Bank of America, as previously noted.

Also recently updating its Terms of Service to facilitate Second Amendment rights is Circle Internet Group (Circle), the issuer of the U.S. Dollar Coin (USDC). Circle had a clause hidden deep in its published terms of service that banned consumers from using their own USDCs to purchase “weapons of any kind, including but not limited to firearms, ammunition, knives, explosives, or related accessories.”

NSSF spotlighted Circle’s discrimination, and the company responded appropriately. “Circle has always held that to the right of lawful, the use of money should be free. This includes lawful purchases of firearms, with is a Second Amendment protected right,” a Circle representative said in a statement.

There are other recent examples of positive changes in policy towards the lawful and highly regulated firearm industry, and hopefully, there will be more to come. NSSF will continue to monitor and verify that the Second Amendment will not be discriminated against as our members work to serve law-abiding Americans choosing to exercise their fundamental civil rights.

Stripe made a good decision when it updated its policy. We applaud them, as we have others, too. But we will remain vigilant and continue to report what we find.

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